News

Recent victories by Lowey’s securities litigation team include a significant Sixth Circuit reversal, which addressed the important legal question of whether the lead plaintiff may sufficiently plead loss causation where the corrective disclosure took the form of a complaint, i.e., a set of allegations which have yet to be proven. Lowey Dannenberg, on behalf of the New York City Pension…

In August 2017, Lowey Dannenberg negotiated a $22 million settlement with JPMorgan Chase & Co. for U.S. investors who traded in or held derivatives tied to the Swiss franc London Interbank Offered Rate (Swiss franc LIBOR). In litigation filed in 2015, Plaintiffs alleged a conspiracy against some of the world's largest financial institutions to for colluding and manipulating the Swiss…