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522 results found for "loss-causation"
- A New Year, Same Result: Fraud Claim Dismissed as Duplicative of Contract Claim
as it would have been in had the contract been performed; the former damages are meant to indemnify losses
- Barclays Agrees To Pay $2 Billion To Settle Claims Related To The Issuance Of Residential Mortgage-Backed Securities
settlement follows a three-year investigation into allegations that Barclays caused billions of dollars in losses “The actions of Barclays and the two individual defendants resulted in enormous losses to the investors In general, the borrowers whose loans backed these deals were significantly less creditworthy than Barclays In addition, as alleged in the complaint, the mortgaged properties were systematically worth less than The settlement amount is less than market analysts had expected and less than the penalties paid by other
- Complaint Dismissed On Forum Non Conveniens Grounds Because New York Did Not Have A Substantial Nexus To The Alleged Fraud
The policies were underwritten by Hong Kong-based insurance companies, with SPC listed as the “loss payee
- Trivial Breaches and Form Over Substance
If it chooses the latter course, it loses its right to terminate the contract because of the default. Shaw less than a year after the Agreement expired.
- Enforcement News: SEC Charges Wisconsin Resident and The LLCs That He Owns and Controls with Perpetrating a Real Estate Affinity Fraud
defendant enticed investors with promises of lucrative returns on investments (or “ROI”) in one year or less Despite these core representations and promises, claimed the SEC, defendants spent only a small fraction (less
- BCL § 626(c): Demand Futility
. 11 “ director may be interested under either of two scenarios: self-interest in a transaction or loss
- A Fraud That is Collateral to The Contract and Not Barred By The Merger Clause
as it would have been in had the contract been performed; the former damages are meant to indemnify losses
- Mixed Purpose Insurance Reports Held Not Protected by Attorney-Client Privilege
investigation to determine whether to accept or reject coverage and to evaluate the extent of a claimant’s loss collectively, “Travelers Defendants”), based upon the Travelers Defendants’ disclaimer of coverage for the loss JMA had filed a claim with the Travelers Defendants for the loss and, on October 24, 2016, the Travelers
- Incorporated by Reference
the policy despite the fact that the “policy as delivered to plaintiff plainly covered the claimed loss conditions, and limitations of coverage and makes no obvious reference to any unincluded endorsement, much less
- Enforcement News: SEC Seeks Emergency Relief Against Investment Adviser Targeting Senior Investors “in a Classic Ponzi Scheme”
University, titled “Broken Trust: Elders, Family & Finances,” estimates that about one million seniors lose Other, more recent studies estimate the losses to exceed $36 billion a year, 12 times the MetLife estimate
- Fraudulent Inducement: Exculpatory Clauses, Representations and Warranties, and Justifiable Reliance
In 2022, plaintiffs sued the FPG Defendants and the Senior Lenders to recoup the losses they claimed
- The SEC Stops a $102 Million Ponzi Scheme
The flip side, of course, is the potential to lose some or all of the money invested. Nonetheless, there are people who promise no risk, no loss investing. They claim that they can place a person’s money into a “can’t miss” investment, where the risk of loss
