securities lawsuit News

Appeals Court Delays SEC-Citigroup Securities Fraud Case

The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge’s decision to reject its $285 million settlement with the bank. The case will be put …

Vivendi Wins Narrowing of $9 Billion U.S. Investor Lawsuit

Vivendi SA won a big court victory when a federal judge slashed potential damages in a $9.3 billion lawsuit accusing the French media company of misleading shareholders about its finances in connection with a giant merger a decade ago. U.S. …

Allstate Sues JPMorgan Over Mortgage Securities Losses

Allstate Corp. sued JPMorgan Chase & Co. on Wednesday to recover losses after the bank allegedly misrepresented the risks on more than $757 million of mortgage securities the insurer bought. The lawsuit against the second-largest U.S. bank was filed just …