Tuesday May 22 | Maktoob Business
U.S. SEC dealt blow in financial-crisis case
The U.S. Securities and Exchange Commission was dealt a setback in its cases tied to the financial collapse when a federal judge dismissed large parts of its case against former executives at failed mortgage lender IndyMac Bancorp.
U.S. judge rejects part of IndyMac fraud case
A federal judge on Monday dismissed parts of a securities fraud case against two top executives of failed mortgage lender IndyMac Bancorp, according to a lawyer for one of the executives.
Merrill $315 million mortgage pact wins OK from Rakoff
U.S. District Judge Jed Rakoff in Manhattan said "the settlement is, in all respects, fair, reasonable, and adequate, and in the best interests of the settlement class members," in an order made public on Tuesday.