March 23, 2015
by Alison Sacriponte
A judge for the US District Court for the Southern District of New York gave final approval Friday to a $970.5 million settlement for shareholders of the insurance giant American International Group (AIG) to settle claims that shareholders were misled about the subprime mortgage exposure that led ...[read more]
October 3, 2014
by Elizabeth LaForgia
The trial involving allegations of insider trading in shares of Airbus Group began on Friday after an eight-year investigation. Seven current and former managers at Airbus Group and two former industrial shareholders in Airbus' parent European Aeronautic Defense & Space Co. (EADS) are accused ...[read more]
August 1, 2014
by William Helbling
The European Court for Human Rights (ECHR) on Thursday ruled that Russia must pay € 1.87 billion (USD $2.51 billion) to the former owners of the now defunct Russian oil company Yukos to compensate for unfair tax proceedings. The ECHR ruling comes three years after the court first found that ...[read more]
June 23, 2014
by Jaclyn Belczyk
The US Supreme Court on Monday limited shareholders' class action suits for securities fraud. In Halliburton Co. v. Erica P. John Fund, Inc., the court declined to overturn its 1988 decision in Basic Inc. v. Levinson. Halliburton Co. has faced numerous lawsuits concerning allegations the company ...[read more]
March 5, 2014
by Endia Vereen
JURIST Guest Columnist Tara Pakrouh, Widener University School of Law Class of 2015, discusses Merck & Co.'s $100 million settlement concerning the corporation's NuvaRing contraceptive device, the board's liability and the fiduciary duties it owes to its shareholders...In a December 2000 email ...[read more]
December 3, 2013
by Kimberly Bennett
A French court on Monday ordered a trial for German car maker Daimler AG and French industrial conglomerate Lagardere SCA, shareholders in Airbus' parent European Aeronautic Defence & Space Co. (EADS), in an insider trading investigation dating back to 2006. EADS is a global pan-European ...[read more]
November 5, 2013
by Amy Mathieu
The US Court of Appeals for the Second Circuit on Tuesday upheld the dismissal of shareholders' lawsuit against Freddie Mac alleging the company misled investors by understating its sub-prime mortgage exposure and overstating its capital strength. The US District Court for the Southern District ...[read more]
April 11, 2013
by Addison Morris
A judge for the US District Court for the Southern District of New York on Wednesday approved the $115 million settlement between American International Group Inc. (AIG) shareholders and the company's former CEO and other executives in order to resolve allegations that the insurer misled investors ...[read more]
April 2, 2013
by Samuel Franklin
A judge for the US District Court for the Southern District of New York on Monday refused to approve Citigroup Inc.'s proposed $590 million settlement of a shareholder lawsuit, questioning the reasonableness of some details of the agreement. Judge Sidney Stein requested that Citigroup and its ...[read more]
February 27, 2013
by Jerry Votava
The US Supreme Court on Wednesday decided in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds to permit a class action lawsuit by shareholders against Amgen, a biotechnology company. The court ruled that plaintiffs did not have to prove the materiality of their claims of ...[read more]

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