By Kirk Hartley on Posted in Global Securities Litigation,Litigation IndustryThe global spread of litigation continues as Fortis is now in the midst of a $1.3 billion settlement in Dutch courts. The settlement follows US courts pushing away securities suits in the US under rulings from SCOTUS regarding its view of the proper scope of US jurisdiction. As I described back in 2010, the inevitable… Continue Reading
By Kirk Hartley on Posted in 2008-09 Financial Fiascos,Global Securities Litigation,SecuritiesIt was just a matter of time. Seeking a civil remedy for the oft-criticized credit ratings issued by the various ratings agencies, The Ohio Attorney General retained private counsel and has filed suit “on behalf of the Ohio Public Employees Retirement System, the State Teachers Retirement System of Ohio, the Ohio Police & Fire Pension… Continue Reading