Criminal Law

SEC Demanding More Disclosure on Subprime Losses
As financial companies have taken $76 billion in losses and write-downs due to the collapse of the subprime market, the SEC wants companies to fully disclose those losses in their next annual reports...

300 Companies Struggling Over Auction-Rate Securities With One-Half Of Them So Far Reporting Losses Totaling $1.8 Billion
Auction-rate securities woes continue. More than 300 companies are struggling to value auction-rate bonds after dealers battered by subprime-related losses abandoned the $330 billion market in February...

More Bad News for Citigroup
Citigroup may report a $24 Billion write-down in its 2007 fourth quarter, as a result of bad bets on subprime loans and other credit-related losses! The announcement is expected tomorrow...

INVESTMENT BANKS HIDING SUBPRIME LOSSES THE SEC WANTS TO FIND OUT.
Analysts and investors alike have wanted to know how some of Wall Street's top investment banks have been able to withstand the ongoing onslaught of subprime losses as many of the largest firms have reported few if any in recent months amidst increasing investor losses that have forced some lenders into bankruptcy...

Subprime Harms Homeowner's Insurance.
The subprime credit crisis has reached out to the Insurance industry. In California, many people claim that Homeowners Insurance Companies lost lots of money in subprime investments and are trying to make it up for their losses by charging policyholders...

Citigroup may write off up to $24 billion; 20,000 jobs at risk.
Due to subprime and credit-related losses. See Reuters.

Goldman Sachs
Agrees $60 Million Subprime Settlement in Massachusetts

Stock Market Losses
alleging bad financial advice and conflicts of interest.

Mutual Fund Losses
alleging financial advisors breached fiduciary duties by not looking out for investors best interests.

Native American Farmers, Ranchers and USDA Reach Historic Settlement
Native American Farmers, Ranchers and USDA Reach Historic Settlement

US Settles Indian Lawsuit for $3.4 Billion
US Government Settles Indian Lawsuit for $3.4 Billion

US Reality TV Shows
Reach Tentative $4 Million Settlement