Lincoln National Corp. is facing the lawsuit captioned Transamerica Investment Management, LLC and Transamerica Investments Services, Inc. v. Delaware Management Holdings, Inc. (d/b/a Delaware Investments), Delaware Investment Advisers and certain individuals.
The suit filed in the San Francisco County Superior…
The First American Corporation maintained a reserve totaling US$63.7 million at June 30, 2008, for lawsuits related to title insurance operations.
The Company’s title insurance, property and casualty insurance, home warranty, thrift, trust and investment advisory businesses are regulated by…
Ambac Financial Group, Inc. is facing lawsuits filed by the City of Los Angeles, Calif., and the City of Stockton, Calif.
The complaints make allegations similar to shareholder derivative actions filed in New York and Delaware, including:
— The Company and the…
Various shareholder derivative actions have been filed against certain present and former officers and directors of Ambac Financial Group, Inc. and the Company, as a nominal defendant.
The suits, which are brought purportedly on behalf of the Company, are in many…
Ambac Financial Group, Inc. continues to cooperate with the probes of the Securities Division of the Office of the Secretary of the Commonwealth of Massachusetts and the Office of the Attorney General, State of Connecticut.
The Company has received various regulatory…
There is still no trial date set in the suit entitled “Hawaii Structural Ironworkers Pension Fund v. Calpine, et al.”
The suit was filed in San Diego County Superior Court on March 11, 2003, and subsequently transferred to Santa Clara County…
Ambac Financial Group, Inc. is a defendant in a lawsuit filed by the City of New Orleans in connection with its participation in a New Orleans bond issue.
New Orleans issued variable rate demand bonds (VRDBs), which were insured by Company…
The consolidated federal derivative cases filed against certain of First Marblehead Corporation’s current and former officers and directors and nominally against the Company remain stayed.
In May 2008, three federal derivative lawsuits were filed in the U.S. District Court for the…
First Marblehead Corporation is seeking a mutual agreement to stay the proceedings in the shareholder derivative action filed in Massachusetts Superior Court.
The complaint is purportedly brought on behalf of the Company to remedy alleged violations of federal and state…
The appeal filed by Raymond James Yatyrym Menkul Kyymetler AS with the Turkish Council of State regarding the Turkish tax authorities’ assessment of about US$6.8 million for the year 2001 remains pending.
RJY is the Raymond James Financial Incorporated’s Turkish affiliate.
The…