In this civil enforcement action, the SEC sued Morgan Keegan, alleging that, in the critical time period of late 2007 and early 2008, Morgan Keegan’s brokers (1) misrepresented that auction rate securities (ARS) were safe cash-equivalents with no liqui… Continue reading
This case concerned the applicability of a standard “no-action clause” in a trust indenture governing a company’s notes. The clause at issue stated that a noteholder could not “pursue any remedy with respect to this Indenture or the Securities” unless … Continue reading
In this securities fraud class action, the investor plaintiffs sued the defendant company and three of its principal officers, alleging that they had made a series of eleven false or misleading statements to the public, in violation of section 10(b) of… Continue reading
These cases stemmed from plaintiff’s complaint that defendants conspired to induce plaintiff to purchase the “M/V Pacific” (vessel) – better known as the eponymous “Love Boat” from its television days of the 1970s and 1980s – by fraudulently misreprese… Continue reading