YourLawyer.com® 1-800-LAW-INFO (1-800-529-4636)
Stock Fraud
Stock FraudRSS Feed
Madoff Compensation Fund Growing
May 28, 2009 | Parker Waichman Alonso LLP
It seems that over 200 investors in Bernard Madoff’s $65 billion Ponzi scheme are moving closer to recouping some of their lost funds, said ABC News, citing Irving Picard, the appointed bankruptcy trustee charged with liquidating Madoff’s assets.Picard was hired by the Securities Investor Protection Corporation (SIPC) to recover some of the $65 billion Madoff’s investors lost to his scam. So far, Picard has been able to collect $1.22 billion as a result of his efforts.Madoff...
KV Pharmaceutical to Recall Most of its Drugs
Jan 27, 2009 | Parker Waichman Alonso LLP
Amid lawsuits and ongoing recalls, KV Pharmaceutical is recalling most of its drugs, said the St. Louis Business Journal. Yesterday—with the exception of some of the products it distributes, but does not manufacture—KV suspended manufacturing and shipping of all of its products. KV is also conducting a voluntary recall of most of its products, said the St. Louis Business Journal. KV said it is likely these moves will have a significant and an adverse effect on its...
Bear Stearns Execs' Trial Slated for September
Dec 8, 2008 | Parker Waichman Alonso LLP
Two former Bear Stearns hedge fund executives are slated to go to trial in September over charges that they lied to investors about two of the funds they managed, Reuters is reporting. The former executives managed the Bear Stearns High Grade Structured Credit Strategies Master Fund and the Enhanced Master Fund, which collapsed last year. Both funds were invested in mortgaged backed securities, and were among the first casualties of the mortgage meltdown.Prosecutors allege that...
Report Says Regions Morgan Keegan Misled Investors About Risks of its Bond Funds
Oct 23, 2008 | Parker Waichman Alonso LLP
Regions Morgan Keegan, an investment firm based in Memphis, Tennessee, has been named in several class action lawsuits filed on behalf of investors in the firm's bond funds. These lawsuits allege that Regions Morgan Keegan and other named defendants did not disclose the leveraged credit risks it was exposing investors to until well after the bond funds had sustained significant losses in 2007. Now, a financial consulting firm has released a damning report that concludes...
Another Bear Stearns Lawsuit
Apr 9, 2008 | Parker Waichman Alonso LLP
Bear Stearns, the investment bank that nearly collapsed last month, is the subject of another lawsuit. This time, liquidators of two Bear Stearns' hedge funds that failed last year are accusing the company of concealing that the two funds were "never designed to withstand even a slight downtick in the housing market.'' Bear Stearns is in the process of being acquired by JPMorgan Chase & Co, a transaction made possible by a massive bailout engineered by the Federal...
Stock Fraud
