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revealed, many investors suffered as the stock price quickly fell. Holders of Merck received $ 215 million, while
Schering-Plough investors received the bulk of the settlement in the form of $ 473 million. Not only were many members of CCC's client base affected by this settlement, but it also resulted in large payouts for many across the securities class action claim filing sector.
294:- Citigroup was forced to pay their investors $ 730 million due to allegedly reporting false figures on their statements. During the period of May 2006 until November 2008, the company also omitted many crucial sections of their debt and preferred stock disclosures. Much of the withheld information stemmed from issues dating back to the
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restaurant industry argued that the major suppliers of linens colluded to fix their prices at artificially high levels. This 2003 case resulted in both $ 6 million in cash and $ 3 million in vouchers being awarded to the prosecution. Chicago
Clearing Corporation bought and sold these coupons as many
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had sustained between 2008-2009 while the two companies were in the process of merging. The stock price tumbled by nearly $ 8 and a government investment was required in order to finalize the merger. This is one of the biggest securities class actions settlement funds to come out of several pending
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settled a $ 688 million lawsuit after the two companies merged in 2009. Both of these drug companies reportedly delayed showing poor tests results from their new cholesterol drugs in order to shield themselves from bigger issues during the acquisition process. When these finding were eventually
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crisis and
Citigroup's overexposure to these types of assets. However, Citigroup still denies any wrongdoing and entered into the settlement in order to, "eliminate the uncertainties, burden and expense of further protracted
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Litigation - A lawsuit was filed by the buyers of the 1988 BMW M5 after the company produced more of what was supposed to be a limited edition model. As part of this settlement in 1993, owners were issued a $ 4,000
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283:- This securities class action litigation settled for $ 2.425 billion with a claim filing deadline on April 25, 2013. Bank of America failed to accurately report losses that it and
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issued at the end of class action settlements, the company now employs more than 20 staff members. CCC has over 1000 clients that include bank trust departments,
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financial meltdown cases from 2007-2009 and to date, CCC has filed for 500 institutional clients and over 52,000 individual accounts on this one case alone.
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Chicago
Clearing Corporation or CCC has grown extensively as the rate of securities class action settlements has exploded in recent years.
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and facilitated the buying and selling of these coupons in the same way as on the stock market.
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https://web.archive.org/web/20030701133507/http://chicagoclearing.com/casesdetail.asp?ID=10%2F
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towards their next BMW car purchase. Chicago
Clearing Corporation acted as a
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of the former clients no longer wanted to do business with these suppliers.
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Established to better service the different types of class members in the
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Chicago
Clearing Family of Companies outlines CCC core family values.
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645:"Merck to Pay $ 688 Million to Settle Investors' Vytorin Suits"
621:"Citi News | Press Releases from Citi | Citi News Releases"
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Our
Mission: Recover Every Dollar for Every Harmed Investor
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Linens
Antitrust Litigation - In this landmark trial, the
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686:Financial services companies of the United States
589:"Citigroup Agrees to Settle Class-Action Lawsuit"
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202:and more than 2,000,000 individual accounts.
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393:: CS1 maint: multiple names: authors list (
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540:"The Bank of America Securities Litigation"
516:"The Bank of America Securities Litigation"
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174:settlement claim filing service based in
696:1993 establishments in the United States
369:reporter, Ameet Sachdev, Tribune staff.
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473:: CS1 maint: archived copy as title (
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479:Georgetown Journal of Legal Ethics
238:- Consumer Antitrust Class Actions
182:. Started in 1993 to buy and sell
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228:Certificate Clearing Corporation
691:1993 establishments in Illinois
544:www.boasecuritieslitigation.com
520:www.boasecuritieslitigation.com
117:(President and General Counsel)
505:In Re Linens Antitrust Lawsuit
196:registered investment advisers
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701:Companies established in 1993
244:- Illiquid Asset Monetization
371:"Coupon awards reward whom?"
222:Chicago Clearing Corporation
168:Chicago Clearing Corporation
20:Chicago Clearing Corporation
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676:Companies based in Chicago
296:mortgage-backed securities
224:- Securities Class Actions
133:(Data Operations Manager)
125:(Vice President of Sales)
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326:Payment Card Settlement
212:Payment Card Settlement
91:Chicago, Illinois 60607
47:Securities Claim Filing
230:- Coupon Class Actions
170:(CCC) is a securities
87:404 South Wells Street
681:Class action lawsuits
490:"Firm's Achievements"
321:Apple Inc. litigation
62:, United States (1993
711:Settlement (finance)
249:Notable Settlements
206:Corporate Hierarchy
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593:The New York Times
375:chicagotribune.com
625:www.citigroup.com
242:Jackson Financial
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305:- Merck and
299:litigation."
267:market maker
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192:mutual funds
172:class action
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105:James Tharin
83:Headquarters
78:James Tharin
34:Company type
188:hedge funds
129:Dave Grondy
121:Matt Murray
670:Categories
655:2023-01-31
630:2023-01-31
606:2023-01-31
574:2013-07-16
564:"Why CCC?"
549:2023-01-31
525:2023-01-31
500:2016-03-03
460:2013-07-17
419:2013-07-16
409:"Why CCC?"
380:2020-06-17
355:2020-06-17
332:References
98:Key people
601:0362-4331
292:Citigroup
89:Suite 600
469:cite web
389:cite web
315:See also
274:New York
180:Illinois
60:Illinois
44:Industry
263:voucher
184:coupons
176:Chicago
150:Website
75:Founder
64: (
56:Chicago
52:Founded
38:Private
599:
258:BMW M5
214:, the
450:(PDF)
141:(CFO)
597:ISSN
475:link
395:link
159:.com
66:1993
200:AUM
155:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
