Securities
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A New York federal judge on Tuesday granted a request by Wells Fargo Securities LLC for an early exit from a $163 million suit that accused the Wall Street titan of allowing a hedge fund to control collateralized debt obligations that the fund was simultaneously betting against… Read this piece in its entirety at Law360.
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Dell Inc. has agreed to pay $21 million to resolve a shareholder suit over the events leading up to a one-day, 17% drop in the computer company’s stock price in 2012 after it reported quarterly cash flow that was nearly a half-billion dollars below expectations… Read this piece in its entirety at Law360.
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A New York federal judge on Tuesday bounced more than a dozen major banks from a bond price-fixing lawsuit, but kept several others including Deutsche Bank and Goldman Sachs, saying a “rare smoking gun” pointed to wrongdoing on the part of the financial giants… Read this piece in its entirety at Law360.
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A group of Exxon Mobil Corp. investors sued the energy giant’s top officers in New Jersey federal court Tuesday, alleging they misled investors about the expected impacts of climate change on various aspects of the company’s business… Read this piece in its entirety at Law360.
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Four defendants, including the “prime strategist” in an alleged $27 million pump-and-dump scheme, have entered into settlements with the U.S. Securities and Exchange Commission that will bar most of them permanently from trading in penny stocks, the agency announced on Friday… Read this piece in its entirety at Law360.
Mike LaSusa 