investors lawsuit News

UK Bank StanChart Loses Bid to Cut Shareholders’ $1.9 Billion UK Lawsuit in Half

Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit brought over allegations the lender broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. …

Supreme Court Hears Shareholder Suit over Fannie Mae, Freddie Mac

U.S. Supreme Court justices on Wednesday questioned a bid by shareholders of Fannie Mae and Freddie Mac to pursue legal claims arising from the government’s rescue of the mortgage finance firms following the 2008 housing crisis. The justices heard an …

Judge Dismisses Investors’ Claim Cboe Allowed Rigging of Stock Market ‘Fear Gauge’

A federal judge on Wednesday dismissed a lawsuit in which investors accused the parent of the Chicago Board Options Exchange of letting anonymous traders rig Wall Street’s main gauge of future stock market volatility at their expense. U.S. District Judge …

Facebook IPO Lawsuits to Be Heard in Court in New York

Dozens of lawsuits against Facebook Inc., the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook’s botched initial public offering. A panel of federal judges …

Judge Lets Claim Against U.S. Over Stanford Ponzi Scheme Go Ahead

A lawsuit claiming U.S. securities regulators were negligent in failing to respond earlier to Allen Stanford’s $7 billion Ponzi scheme can go forward for now, a federal judge ruled in Florida on Friday. U.S. District Judge Robert Scola rejected the …