Tag Archives: securities lawsuits

Schering-Plough enters $165M Clarinex accord

Schering-Plough Corp., the drugmaker acquired by Merck & Co., won a U.S. judge’s approval of a $165 million settlement to resolve lawsuits over alleged fraudulent statements to investors about the Clarinex allergy medicine.

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SEC settlements decline for 2nd consecutive year

The number of Securities and Exchange Commission settlements declined for the second consecutive fiscal year in 2009, with 626 defendants, compared to 673 in 2008, according to NERA Economic Consulting's fiscal year-end SEC Settlements Trends report, released Monday.

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Wells Fargo settles investor suit for $1.4B

Wells Fargo Bank agreed Wednesday to pay $1.4 billion to investors - half of that amount going to those in California - to settle allegations that the bank promised strong returns on auction-rate securities before the markets froze.

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