Securities litigation: Today’s top news on Westlaw News & Insight

November 18, 2010

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Here are today’s top stories from the Securities Litigation site.

'Aggressive' legal strategy costs BOA $500 million Lehman deposit ‘Aggressive’ legal strategy costs BOA $500 million Lehman deposit
Bank of America Corp. was ordered by a bankruptcy judge to return a $500 million deposit it seized from a Lehman Brothers Holdings Inc account shortly after Lehman’s bankruptcy.
For Barclays and Morgan Stanley, a court date looms For Barclays and Morgan Stanley, a court date looms
In the aftermath of the financial crisis, bitter disputes have erupted between large investment and commercial banks, but few cases have proceeded to trial. Now, a fight pitting Morgan Stanley against Barclays Bank is poised to do just that.
At trial, ex-SocGen trader admits code theft At trial, ex-SocGen trader admits code theft
A former Societe Generale trader admitted he took home printouts of the French bank’s speed-trading code and admitted it was wrong, and that he shared it with a prospective employer, an odd twist in the criminal trial over trade secrets theft.

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