http://www.productliabilityattorneyblog.com/ Published by Carey & Danis, L.L.C. en-us 2008-08-26T09:14:14-06:00 http://www.productliabilityattorneyblog.com/2008/08/auctionrate_securities_probe_w_1.html Regulators looking into the auction-rate securities debacle have widened their probe to include nearly 40 brokerages, the Los Angeles Times reports. Journalist Walter Hamilton writes that investigators with the Financial Industry Regulatory Authority launched on-site examinations this week at brokerages... Auction Rate Securities Carey & Danis, L.L.C. 2008-08-26T09:14:14-06:00 http://www.productliabilityattorneyblog.com/2008/08/carey_danis_llc_announces_auct_2.html FOR IMMEDIATE RELEASE WEDNESDAY, AUGUST 13, 2008 CONTACT: JOSEPH P. DANIS COREY D. SULLIVAN Phone: 1-800-721-2519 NEWS RELEASE August 13, 2008 St. Louis, MO – The law firm of Carey & Danis LLC has filed a class action lawsuit on... Auction Rate Securities Carey & Danis, L.L.C. 2008-08-13T10:39:44-06:00 http://www.productliabilityattorneyblog.com/2008/08/wall_street_scoundrels.html Last week, three brokerage firms that sold auction-rate securities promised federal and state regulators that they would pay back $37 billion. Two of the firms – Citigroup and UBS – also agreed to fork over $250 million in fines. St.... Auction Rate Securities Carey & Danis, L.L.C. 2008-08-12T05:57:33-06:00 http://www.productliabilityattorneyblog.com/2008/08/citigroup_agrees_to_pay_back_i.html It was announced today that Citigroup Inc. has agreed to buy back $7.5 billion worth of auction-rate securities and it will pay a $100 million fine to settle charges levied by state and federal regulators that it fraudulently misled investors... Auction Rate Securities Carey & Danis, L.L.C. 2008-08-07T15:30:10-06:00 http://www.productliabilityattorneyblog.com/2008/08/citigroup_may_settle_auctionra.html Citigroup may buy back more than $5 billion worth of auction-rate securities and pay up to a $100 million fine to settle allegations made by regulators that the company engaged in wrongdoing over the investments, the Wall Street Journal reports.... Auction Rate Securities Carey & Danis, L.L.C. 2008-08-06T10:14:46-06:00 http://www.productliabilityattorneyblog.com/2008/08/new_york_ag_plans_to_sue_citig.html Last Friday, New York Attorney General Andrew Cuomo sent a letter notifying Citigroup Inc. that he plans to file suit against the U.S. banking giant alleging it used fraudulent tactics to sell auction-rate securities. As Bloomberg News reports in “New... Auction Rate Securities Carey & Danis, L.L.C. 2008-08-05T05:59:36-06:00 http://www.productliabilityattorneyblog.com/2008/07/massachusetts_claims_merrill_l.html Massachusetts regulators filed civil fraud charges against New York-based Merrill Lynch & Co. on July 31 for allegedly claiming that risky auction-rate securities were stable. The 80-page complaint, filed by the Massachusetts Securities Division, claims that Merrill “co-opted” its research... Auction Rate Securities Carey & Danis, L.L.C. 2008-07-31T11:58:34-06:00 http://www.productliabilityattorneyblog.com/2008/07/ubs_exec_suspended_amid_auctio.html The Swiss banking giant UBS has suspended David Schulman, the head of its U.S. fixed income unit and global head of municipal securities, Reuters reports. The revelation comes on the heels of a lawsuit filed last Thursday by New York... Auction Rate Securities Carey & Danis, L.L.C. 2008-07-30T15:05:28-06:00 http://www.productliabilityattorneyblog.com/2008/07/new_york_hits_ubs_with_auction.html Yesterday, New York Attorney General Andrew Cuomo filed a civil fraud lawsuit against UBS alleging the banking behemoth knew the auction-rate securities market was on the verge of collapse when they told investors the securities were as safe as cash.... Auction Rate Securities Carey & Danis, L.L.C. 2008-07-25T13:18:06-06:00 http://www.productliabilityattorneyblog.com/2008/07/carey_danis_llc_announces_auction_rate_securities_class_action_lawsuit_filed_against_bank_of_america.html FOR IMMEDIATE RELEASE FRIDAY, JULY 18, 2008 CONTACT: JOSEPH P. DANIS MICHAEL J. FLANNERY COREY D. SULLIVAN Phone: 1-800-721-2519 NEWS RELEASE July 18, 2008 Carey & Danis LLC Announces Auction Rate Securities Class Action Lawsuit Filed Against Bank of America... Auction Rate Securities Carey & Danis, L.L.C. 2008-07-18T10:59:45-06:00