Christopher J. Gray today argued before a panel of the U.S. Court of Appeals for the Second Circuit seeking reversal of an order granting dismissal of class action claims against Morgan Stanley arising out of Morgan Stanley’s alleged conceealment of, misrepresentations concerning the existence of, and destruction of, e-mail evidence. The three-judge panel reserved decision,…
Continue reading ›Beginning March 30, 2009 investors claiming losses of up to $100,000 will have the option of proceeding before a single arbitrator rather than a panel of three arbitrators. The SEC has approved the final rule change (see full Notice, accessible immediately below). While any final conclusion concerning whether the rule change will prove beneficial to…
Continue reading ›Christopher J. Gray, P.C. filed a lawsuit on January 27, 2009 against JPMorgan Chase & Co. on behalf of an investor who incurred substantial losses in his trades in Bear, Stearns options between March 12 and 14, 2008- in the immediate aftermath of statements by the senior management of Bear, Stearns to the effect that…
Continue reading ›Independent financial fraud investigator Harry Markopolos testified before the U.S. Congress yesterday and chronicled the over eight years he spent attempting to inform the Securities and Exchange Commission and other regulators that Bernie Madoff was a fraud. Mr. Markopolos said that he was retained by a client in 1999 to “reverse-engineer” Madoff’s investment portfolio and…
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