Firm in the News
[06-07] Hundreds of cases pending against Morgan Keegan
News
Business
- [07/30] Oil falls to near $78 as global stocks drop
- [07/30] Fortune Brands 2Q profit more than doubles
Top Headlines
- [07/30] Panel hits Rangel with 13 ethics charges
- [07/30] FBI access to e-mail and Web records raises fears
Securities
- [07/29] Stock futures rise on strong global earnings
- [07/29] Asia stocks mixed on slowdown signs; Europe gains
Securities Litigation
Case Summaries
Banking Law
[06/24]
DDJ Mgmt., LLC v. Rhone Group L.L.C.
In an action claiming that defendants presented plaintiffs with corporate financial statements that were false and misleading, the appellate division's modification of the trial court's order dismissing plaintiffs' fraud claim is reversed where: 1) when a plaintiff has taken reasonable steps to protect itself against deception, it should not be denied recovery merely because hindsight suggested that it might have been possible to detect the fraud when it occurred; and 2) plaintiffs in this action for fraud have alleged facts from which a jury could find that they were justified in relying on the representations defendants made to them.
[06/22]
Export-Import Bank of the U.S. v. Asia Pulp & Paper Co.
In an action to collect a $144 million judgment against defendants pursuant to the Federal Debt Collection Procedures Act (FDCPA), the district court's order quashing plaintiff's writs of garnishment is affirmed where an electronic funds transfer (EFT) temporarily in the possession of an intermediary bank in New York may not be garnished under the FDCPA to satisfy judgment debts owed by the originator or intended beneficiary of that EFT.
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