Judge Merges 3 Suits Aimed At Failed Carlyle IPO

Law360, New York (October 7, 2011, 7:29 PM EDT) -- A Washington federal judge on Friday merged three class actions brought by shareholders accusing Carlyle Capital Corp., a now defunct mortgage-backed fund, and its former directors of concealing its poor financial condition when raising money for a 2007 initial public offering.

U.S. District Judge Amy Berman Jackson consolidated the suits after a September motion by plaintiff E.L. Phelps saying the only differences among the suits were class definitions and legal theories. Two of the suits at issue were filed by Phelps and a third was filed by shareholder...
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Case Information

Case Title

PHELPS v. STOMBER et al


Case Number

1:11-cv-01142

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

Amy Berman Jackson

Date Filed

June 21, 2011


Case Title

PHELPS v. CARLYLE CAPITAL CORP.


Case Number

1:11-cv-01143

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

Amy Berman Jackson

Date Filed

June 21, 2011


Case Title

GLAUBACH v. CARLYLE CAPITAL CORPORATION LIMITED et al


Case Number

1:11-cv-01523

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

Amy Berman Jackson

Date Filed

August 24, 2011

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