Shareholder
Fall 2024
$580 Million Stock Lending Settlement Earns Final Approval
On September 4, 2024, reading her decision into the record from the bench, Judge Katherine Failla of the Southern District of New York granted final approval to a partial settlement with a number of the world’s largest banks to resolve allegations that they violated the antitrust laws by colluding to prevent the modernization of the stock lending market by jointly boycotting efficient, all-to-all trading platforms and price transparency.
Abbott Investors Secure Important Ruling PAGE 6
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Investors Settle SPAC Litigation PAGE 10
SEC Heightens Liability for Individual Auditors Who Break Accounting Rules PAGE 14
Fiduciary Focus: Court Rules that Members Lack Standing to Sue Their Pension Plan Over Investment Choices in Defined Benefit Pension Plans PAGE 18
Team Profile – Susan M. Greenwood PAGE 23