A civil lawsuit becomes a class action lawsuit when there is a large group of individuals pursuing similar claims due to damage or injury caused by the defendant. Some of the recent well-known cases include the Wells Fargo class action lawsuit that settled for $575 million or the lawsuit against Monsanto Roundup Weed Killer.
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UBS Financial Services, Santander Securities, Popular Securities and Oriental Financial Services are financial services companies that enjoy a strong presence in major markets throughout the world. These firms allegedly encouraged clients to take concentrated positions in Puerto Rican bonds closed-end municipal bond funds.
Federal prosecutors have brought securities fraud charges against a 32-year-old Texas man, Trendon Shavers, related to his operation of "Bitcoin Savings and Trust," which the government alleges was an elaborate ponzi scheme.
A San Francisco man charged with insider trading related to the acquisition of Marvel Entertainment by Disney in 2009 pleaded guilty to securities fraud and agreed to pay more than $800,000 in fines and ill-gotten profits.
Since the acquisi
The smooth operation of the nation’s stock exchanges and capital markets is obviously crucial to a successful, prosperous economy. Because of this, the federal government has a vested interest in regulating these markets to ensure they are opera
When most people think of legal claims, they imagine ending up in a traditional courtroom: judge, jury, witness chair, etc. And this does happen frequently. However, in the case of securities fraud, many claims end up in arbitration instead.
The Wall Street megabank JPMorgan Chase has agreed to a settlement with the Department of Justice which requires it to pay $13 billion. The settlement stems from charges the Justice Department had filed alleging