Post-Financial Meltdown Securities Litigation

Law360, New York (October 23, 2008, 12:00 AM EDT) -- Losses beget lawsuits, and the recent Wall Street calamities are no exception. Indeed, the next great wave of federal securities litigation has begun.

Just as the last big cluster of massive lawsuits filed in 2001-02 (involving the likes of Enron, Worldcom, Global Crossing, Adelphia and Tyco) appeared to be winding down, seismic tremors of scandal and failure at institutions previously thought to be impregnable — Fannie Mae, Freddie Mac and Washington Mutual, to name a few — have precipitated a tsunami of new securities suits. Not...
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