securities News

U.S. Financial Executive Dies by Suicide as Firm Faces Fraud Claims

BOSTON — The co-founder of a Florida financial firm facing investor lawsuits alleging securities fraud has died by suicide, and a spokesperson on Monday denied wrongdoing, saying the death was not connected to a class action lawsuit filed last week. …

Liquid Claims Introduces New Forecast Plus Software Tool

Liquid Claims LLC, a claims settlement services provider for investors involved in securities class action suits, has launched Forecast Plus, a software tool designed to provide clients with a detailed analysis of the their losses and possible recoveries. Forecast Plus …

Bank of America Loses Bid to Dismiss Fraud Claims

Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank’s 2008 acquisition of Merrill Lynch & Co. U.S. District Court Judge P. Kevin Castel ruled that …

Report: 2011 on Track for Record Securities Lawsuit Filings

Securities suit filings are on track to set a new record in 2011, according to Advisen Ltd’s most recent quarterly report and sponsored by ACE. Following on the heels of the credit crisis, which sparked record-setting litigation in 2008 and …