financial crisis

  • Former Lehman affiliate objects to possible $90 million insurance release

    The fallout from the financial crisis continues to unfold in courtrooms across the country. The latest drama surrounds a now-defunct Lehman Brothers’ affiliate and former company officials who continue to wage war in court over multiple lawsuits.

  • BofA/Merrill’s mortgage-backed securities morass

    Just days after Countrywide Financial was in the news again thanks to Allstate Insurance Co.’s lawsuit against it to recoup $700 million in losses on mortgage-backed securities, a federal judge ruled that Bank of America and its Merrill Lynch unit will face a pair of similar lawsuits brought by a...

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