The true risks of Bank Of America auction rate securities. Bank of America has been named in a class action lawsuit involving auction rate securities. Plaintiffs in the suit allege brokers at Bank of America hid the true risks of auction rate securities when it sold the instruments to investors. Auction rate securities are … [Read more...]
Investors Sue Bank Of America Over Auction Rate Securities
Report Says Regions Morgan Keegan Misled Investors About Risks of its Bond Funds
Regions Morgan Keegan Misled Investors. 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 … [Read more...]
Madoff Sent Investors Fake Statements for More than A Decade
Bernard Madoff Did Not Purchased Any Securities for His Customers. There is no evidence that Bernard Madoff purchased any securities for his customers in the past 13 years, according to a court appointed trustee who is overseeing the liquidation of the accused Ponzi schemer's assets. According to an Associated Press report, for more … [Read more...]
Bernard Madoff Will Have to Face Investors on Thursday
He Pleads Guilty to Fraud Charges. Some of Bernard Madoff's investors want to be heard when he pleads guilty to fraud charges on Thursday. According to USA Today, federal prosecutors have heard from at least 25 investors who want a chance to tell Madoff how his alleged Ponzi scheme has forever altered their lives. Madoff - once a … [Read more...]
Madoff Prosecutors Taking A Look at Some of His Investors
Madoff Prosecutors Set Their Sites on Investors. U.S. prosecutors on the Bernard Madoff Ponzi scheme case have reportedly set their sites on some of his investors. According to The Wall Street Journal, eight such investors are among Madoff's friends, family and associates now being scrutinized by a criminal investigation. ‘Madoff’ … [Read more...]
Medtronic Investors to Settle Infuse Lawsuit
Medtronic Agreed To Settle A Class Action Lawsuit. Without admitting any wrongdoing, Medtronic Inc. has agreed to settle a shareholder lawsuit alleging the company made false and misleading statements about its Infuse Bone Graft product. According to a report from Bloomberg News, Medtronic will pay $85 million to settle the Infuse … [Read more...]
UBS Sued Over Auction Rate Securities
UBS Pushing Investors Into Auction Rate Securities. As expected, the New York State Attorney General has filed a lawsuit against Swiss banking giant UBS for allegedly pushing everyday investors into buying troubled auction rate securities. Just days later, UBS announced that it was suspending David Shulman, its U.S. fixed income unit … [Read more...]
