Justice Menis Ketchum

Legal Briefing: Fraud Suit Against AIG Gets the Go-Ahead

AIG's successful run of getting lawsuits against it dismissed has ended. On Monday, U.S. District Judge Laura Taylor Swain gave the green light to a securities fraud class action case regarding AIGs credit default swap portfolio and its actions in the subprime mortgage market.

Legal Briefing: Big Banks Are Getting Sued by Big Plaintiffs

Some of Wall Street's financial titans are facing lawsuits from equally formidable foes: Billionaire Len Blavatnick is suing JPMorgan Chase for losing $100 million of his money in subprime mortgages, and Norway is suing Citigroup for misrepresenting its financial condition to boost its stock price.