LAWSUITS NEWS & LEGAL INFORMATION
Securities Legal News Articles & Interviews
August 2, 2016. By Heidi Turner.
New York, NY: Pfizer will pay $486 million to settle a class action securities lawsuit alleging the drug maker misled investors about the safety of its drugs Celebrex and Bextra. Pfizer did not admit to wrongdoing in the securities fraud allegations, stating it agreed to the settlement to avoid the distraction of litigation. The securities fraud lawsuit had been dismissed by a US District Court judge but was revived by a federal appeals court in April 2016.Read [ Pfizer to Pay $486 Million to Settle Securities Lawsuit ]
April 15, 2016. By Heidi Turner.
San Francisco, CA: California’s Attorney General Kamala Harris has filed a securities lawsuit against Morgan Stanley, related to mortgage-backed securities sold by Morgan Stanley. The lawsuit alleges Morgan Stanley failed to disclose important information about the quality of the investments, causing various state pension funds to lose hundreds of millions of dollars.Read [ California Files Securities Lawsuit against Morgan Stanley ]
January 25, 2016. By Heidi Turner.
Simi Valley, CA: In the wake of an E. coli outbreak and a norovirus outbreak, Chipotle faces a securities lawsuit and other lawsuits alleging the company attempted to hide the outbreak and misled investors about the nature of its sanitation procedures. This is in addition to a criminal investigation linked to the foodborne illness outbreak in Simi Valley.Read [ Chipotle Faces Securities Lawsuit, among Others ]
November 14, 2015. By Heidi Turner.
New York, NY: A recent car recall has led to a securities fraud lawsuit being filed against an automaker. The lawsuit, filed against Fiat Chrysler, alleges the company made false and misleading statements linked to its securities.Read [ When a Car Recall Leads to a Securities Lawsuit ]
September 10, 2015. By Heidi Turner.
Read [ FINRA Orders UBS to Pay Almost $3M ]
New York, NY A FINRA arbitration panel has reportedly ordered UBS to pay almost $3 million to investors who claimed they lost money after they invested in UBS-managed Puerto Rican municipal bonds. The Financial Industry Regulatory Authority (FINRA) panel has made multiple rulings in favor of claimants in arbitrations involving Puerto Rican municipal bonds in recent months.
July 16, 2015. By Heidi Turner.
Read [ FINRA Awards Couple $16.6 Million ]
New York, NY A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded $16.6 million to a retired London couple who filed a securities arbitration against BNP Paribas Securities Corp. The arbitration alleged gross negligence, breach of fiduciary duty and civil fraud against BNP Parabas, with the claimants arguing the investment they bought was unsuitable.
June 5, 2015. By Heidi Turner.
Read [ FINRA Orders Millions in Stockbroker Arbitration Rulings ]
Washington, DC Two recent FINRA (Financial Industry Regulatory Authority) stockbroker arbitration rulings have seen FINRA panels award millions of dollars to investors who complained about stockbroker fraud or unsuitable investments. One of the stockbroker arbitration complaints was decided against UBS, while the other was decided against Goldman Sachs.
May 18, 2015. By Lucy Campbell.
Read [ Supreme Court Rules In Favor of Employees in ERISA Class Action ]
Washington, DC The Supreme Court has ruled in favor of employees who participated in their company’s retirement savings plans and who objected to the investment decisions made on their behalf, as decisions were deemed to negatively impact their savings, can move ahead with their ERISA (Employee Retirement Income Security Act) lawsuit.
May 7, 2015. By Heidi Turner.
Read [ SEC Files Securities Lawsuit ]
Indianapolis, IN The Securities and Exchange Commission (SEC) has filed a securities lawsuit against an Indianapolis firm, alleging the company was involved in a Ponzi scheme. The SEC has laid charges against several people for alleged securities fraud in which principals in the firm used investments to pay themselves and cover previous offerings.
April 13, 2015. By Heidi Turner.
Read [ Could Rule Change Stop Stockbroker Fraud? ]
Washington, DC Investors who feel they have been victims of stockbroker fraud can make their case in stockbroker arbitration, filed with the Financial Industry Regulator Authority (FINRA). But some critics of the stockbroker industry say stockbrokers should be subject to stricter rules concerning how they advise clients. As too many investors know, when a stockbroker’s advice is bad, lifesavings can be lost.
- FINRA Fines Increased in 2014 By Heidi Turner (Mar-7-15)
- Securities Lawyer: Securities Fraud Happens Every Day By Heidi Turner (Nov-12-13)
- Securities Lawsuit Could Affect Future Securities Fraud Claims By Heidi Turner (Oct-25-13)
- Drug Company Settles Securities Lawsuit for $40 Million By Heidi Turner (Sep-25-13)
- Bank of America Faces Securities Fraud Lawsuit By Heidi Turner (Aug-11-13)
- Man Accused of Running $13.6 Million Securities Fraud Scam By Heidi Turner (Jul-7-13)
- Citigroup Settles Securities Lawsuit By Heidi Turner (Jun-22-13)
- Misleading Statements in Securities Fraud By Heidi Turner (May-25-13)
- Bank of America Will Pay $165 Million to Settle Securities Complaints By Heidi Turner (Apr-18-13)
- Morgan Keegan Settlement “Not Fair,” Says Attorney By Brenda Craig (Apr-12-13)
- Amgen Securities Lawsuit Allowed to Continue By Heidi Turner (Mar-15-13)
- S&P Accused of Securities Fraud By Heidi Turner (Feb-23-13)
- S&P Faces Federal Lawsuit over 2008 Financial Crisis By Lucy Campbell (Feb-11-13)
- Securities Fraud Focus Shifting to Individual Responsibility By Heidi Turner (Jan-22-13)
- REIT Unsuitability Violations: Interview with Attorney Christopher Gray By Heidi Turner (Jan-11-13)
- Mortgage-Backed Securities Result in Lawsuit Against JPMorgan By Heidi Turner (Dec-21-12)
- Securities Lawsuit Filed Against Wells Fargo By Heidi Turner (Nov-18-12)
- JPMorgan Faces Securities Lawsuit By Heidi Turner (Oct-22-12)
- Citigroup Securities Lawsuit Settled By Heidi Turner (Sep-22-12)
- Former Football Coach Charged With Ponzi Scheme By Heidi Turner (Aug-18-12)
- Bank of America Securities Lawsuit to Proceed By Heidi Turner (Jul-14-12)
- Facebook-Related Securities Lawsuits Growing By Heidi Turner (Jun-15-12)
- $63 Million for Securities Fraud Victims By Gordon Gibb (May-18-12)
- Groupon Faces Class-Action Lawsuit By Heidi Turner (Apr-12-12)
- SEC Securities Fraud Investigation Nets Results By Gordon Gibb (Mar-21-12)
- Madoff Securities Fraud Lawsuit Affects Investors Across US By Heidi Turner (Mar-6-12)
- New Securities Fraud Case Has Link to Galleon Group By Gordon Gibb (Feb-23-12)
- Charles Schwab Faces Allegations of FINRA Violations By Heidi Turner (Feb-9-12)
- Is Securities Fraud behind Bond Default in Washington State? By Gordon Gibb (Jan-23-12)
- Securities Lawsuit Trends in 2011 By Heidi Turner (Jan-10-12)
- Not-So-Happy Holidays with California Securities Fraud By Gordon Gibb (Dec-28-11)
- SEC Charges Fannie Mae and Freddie Mac Executives with Securities Fraud By Heidi Turner (Dec-16-11)
- William Tatro Arbitration Filed By Heidi Turner (Dec-15-11)
- High-Risk Investments Like Giving a Dragster to a Granny By Gordon Gibb (Dec-2-11)
- 74-Year-Old Guilty of Ponzi Scheme By Heidi Turner (Nov-18-11)
- Former Clients File Arbitrations against William Tatro By Heidi Turner (Nov-9-11)
- Occupy Wall Street Battleground Isn't a Park - It's a Courtroom By Gordon Gibb (Oct-24-11)
- Ernst & Young Faces Revived Securities Lawsuit By Heidi Turner (Oct-20-11)
- Financial Firms Face Securities Fraud Lawsuits By Heidi Turner (Sep-20-11)
- More Fallout from the Madoff Securities Fraud Lawsuits By Heidi Turner (Aug-19-11)