October 06, 2009
A federal judge has approved a $586 million settlement in a massive securities case accusing banks, including Credit Suisse Group AG and Morgan Stanley, of rigging initial public offerings during the 1990s tech bubble, and has awarded plaintiffs' attorneys $217 million in fees and expenses.
September 08, 2009
Class members are protesting a request from their lawyers for more than $245 million in legal fees, filed in litigation settled earlier this year in which investors accused banks of rigging initial public offerings during the 1990s technology bubble.
June 11, 2009
A federal judge has given tentative approval to a $586 million settlement in a massive securities case brought by investors that alleged banks rigged initial public offerings during the 1990s tech bubble, leaving plaintiffs with a significantly smaller recovery amount than the billions of dollars they had sought at one point in the case.
April 06, 2009
After nearly a decade of legal wrangling, a $586 million settlement has been reached in the initial public offering consolidated securities litigation, in which investors accused banks of rigging IPOs during the 1990s tech bubble.
January 30, 2009
A lawyer for investors who sued Morgan Stanley, Credit Suisse Group and other financial firms, accusing them of rigging initial public offerings during the technology stock boom, has reportedly told a judge that the firms are reneging on a $610 million settlement in the massive class action.
October 28, 2008
A district court judge has given Morgan Stanley, Credit Suisse Group and about a dozen other financial firms more time to prepare settlement papers that would resolve a sprawling class action accusing them of manipulating initial public offerings.
May 15, 2008
A recent decision in the five-year battle over class certification in the long-running initial public offering securities litigation granted in part and denied in part the defendants' motion to strike certain class allegations in 26 of the cases included in the consolidated suit.
March 26, 2008
Defendants in the initial public offering securities litigation scored a victory when a district court judge tossed several of the claims against them in the six focus cases anchoring the suit.
February 19, 2008
In a victory for the plaintiffs in the mammoth initial public offering securities class action, Credit Suisse Securities LLC will be forced to turn over documents related to an internal investigation, despite the bank's argument that the papers are protected as attorney work product.
April 09, 2007
A decision that reversed an earlier order granting class certification in the Initial Public Offering securities litigation will stand, after an appeals court denied the plaintiffs’ motion to rehear.