Samuel Rudman News
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Morgan Stanley said it settled suits brought by investors in two structured investment vehicles called Cheyne and Rhinebridge,
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Morgan Stanley was sued by Taipei- based China Development Industrial Bank for fraud to recover losses from an investment tied to residential mortgage-backed securities.
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Citigroup Inc. must face a trial set for Oct. 18 over claims it tricked private equity firm Terra Firma Capital Partners Ltd. into overpaying for EMI Group Ltd. in 2007, a U.S. judge ruled.
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Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.
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Motorola Solutions Inc. agreed to pay $200 million to settle a 2007 investor lawsuit accusing the company of overstating its sales prospects.
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Author Michael Lewis was sued by Wing Chau, president and principal of Harding Advisory LLC, who accused the writer of defaming him in his 2010 book “ The Big Short: Inside the Doomsday Machine .”
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A U.S. judge reinstated a lawsuit accusing Sanofi-Aventis SA of misleading investors about the likelihood of U.S. regulatory approval of its weight-loss pill Zimulti.
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U.S. Attorney Patrick J. Fitzgerald in Chicago, the chief federal prosecutor in the Northern District of Illinois since Sept. 1, 2001, said he will step down, effective June 30.
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The U.S. Justice Department opened criminal and civil investigations into the BP Plc oil spill in the Gulf of Mexico, the worst in U.S. history.
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Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co. and other underwriters along with Facebook Inc. were sued by investors who claimed they were misled in the purchase of the social network firm’s stock.
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