Recent Updates

  • Bear Stearns Will Pay $28 Million

    Bear Stearns Will Pay $28 Million

    Litigation Reports 09/10/2008

    Bear Stearns and subsidiary EMC Mortgage on Tuesday agreed to pay $28 million in settlement with the Federal Trade Commission, on charges of defrauding tens of thousands of home loan customers and violating four sets of federal laws. "The companies v...

  • Janus Shells Out $18 Million, on SEC Orders

    Janus Shells Out $18 Million, on SEC Orders

    Litigation Reports 08/19/2008

    Janus Capital Management, an investment advisor to Janus Mutual Funds, reimbursed $18 million to more than 325,000 defrauded shareholders late last week as a first step in paying back more than $100 million, as ordered by the Securities and Exchange ...