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To settle the mortgage securities case, the bank paid $4 billion.
But everyone seems to be ignoring the federal securities case related to proxy violations.
So why is there a difference in the potential winnings in the shareholder cases and the federal securities case?
For the first time in a securities case, the government used wiretaps -- a tool traditionally used with drug traffickers and organized crime figures -- to record traders' telephone conversations.
Mr. Golub said in an interview that he did not think there was a strong securities case against the bank, and so did not want to file one.
The federal securities case is before Judge Kevin Castel of the Federal District Court in Manhattan, the same judge considering the settlement of the state law claim.
Similar(26)
"Bruce had experience of litigating securities cases.
Both also settled securities cases with the S.E.C.
While she handled some white-collar and securities cases, her specialty was terrorism and organized crime.
A solo practitioner, her work focuses on state and federal false claims act, fraud, antitrust and securities cases.
The pact could resolve investigations led by a specialized group at the Justice Department focused on mortgage securities cases.
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CEO of Professional Science Editing for Scientists @ prosciediting.com