US Supreme Court refuses to consider class action status for Enron shareholders
The US Supreme Court on Tuesday denied without comment a petition for certiorari filed in University of California Regents v. Merrill Lynch (06-1341) , a derivative lawsuit filed in...
Appeals court denies class action status for Enron shareholders
The US Fifth Circuit Court of Appeals withdrew class action status Tuesday from Enron shareholders who filed a shareholder derivative lawsuit in October 2001. US District Judge Melinda Harmon ...
Lay and six other Enron defendants dismissed from class action shareholder suit
US District Court Judge Melinda Harmon on Wednesday granted a motion to dismiss seven defendants from the Enron shareholder derivative lawsuit , scheduled to go to trial in April. The lead plaintiff in the case, the University...
The US Court of Appeals for the Seventh Circuit has upheld a lower court ruling that defendants of slaves have no standing to sue companies that allegedly profited from slavery before the practice was abolished....
Descendents of slaves argue lawsuit against companies should proceed
The heirs of slaves, who filed federal lawsuits against companies that allegedly profited from slavery before the abolition of the practice in the United States, argued Wednesday in front of the US Seventh Circuit Court of...
Federal judge approves $6.6B Enron shareholder settlement with major banks
A federal judge on Wednesday gave final approval to a $6.6 billion settlement between former Enron shareholders and the three banks accused of helping Enron hide financial shortcomings to deceive investors. Lead plaintiff's attorney...
US District Judge Melinda Harmon has given preliminary approval to a $6.7 billion settlement in a class-action lawsuit brought by Enron shareholders, an attorney involved in the case said Wednesday. Shareholders brought...
Appeals court revives IPO price-fixing lawsuits against investment banks
Two class action lawsuits accusing major US investment banks of price-fixing practices during initial public offerings of technology stocks during the late 1990s were reinstated Wednesday by the US Second Circuit Court of Appeals . The court wrote...
Corporations and securities brief ~ NYSE fines Merrill Lynch for "operational lapses"
Leading Monday's corporations and securities law brief, the New York Stock Exchange says it has censured and fined Merrill Lynch for what it called "supervisory and operational lapses." In a press release, the NYSE indicated it has fined the...
