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Corporate & Securities Law

: Representing Investors

STMicroelectronics Wins $406 Million ARS Lawsuit Against Credit Suisse

By Keith Griffin

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Another chapter has been written in the saga on auction-rate securities - and this time it?s a win for institutional investors.  On Feb. 13, the Financial Industry Regulatory Authority (FINRA) ordered the Credit Suisse Group to pay STMicroelectronics NV more than $406 million to settle claims that the brokerage misled the semiconductor maker into buying [...]

Full post as published by Representing Investors on February 17, 2009 (boomark / email).

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