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Birmingham Employees' Retirement System, City of et al v. Comerica Incorporated

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Case overview

Case Number:

2:09-cv-13201

Court:

Michigan Eastern

Nature of Suit:

Contract: Other

Multi Party Litigation:

Class Action

28:1332 Diversity-Contract Default

Judge:

Stephen J. Murphy, III

Firms

Companies

Sectors & Industries:

  1. October 1, 2013

    Comerica Will Pay $11M To End Investors' Sigma Action

    Comerica Bank has agreed to pay $11 million to settle a class action alleging the bank failed to pull investors' money from Sigma Finance Corp. before the structured investment vehicle collapsed in 2008, according to a motion filed Friday in Michigan federal court.

  2. September 26, 2013

    Class Cert. Granted In Comerica Suit Over Sigma Losses

    A Michigan federal judge on Thursday granted class certification in a lawsuit alleging that Comerica Bank failed to pull out its clients' money from Sigma Finance Corp. before the $27 billion structured investment vehicle collapsed in 2008.