OKLAHOMA CITY, Aug. 2 /PRNewswire/ -- On July 31, 2007, a class actionlawsuit was filed in the United States District Court for the EasternDistrict of New York against American Home Mortgage Investment Corp. (NYSE:AHM). The complaint alleges violations of federal securities laws, Sections10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5,including allegations of issuing a series of material misrepresentations tothe market which had the effect of artificially inflating the market price.The class period is from July 26, 2006 through July 27, 2007. Plaintiff seeks to recover damages on behalf of the Class. If you are amember of the Class as described above, you may move the Court no laterthan Monday, October 1, 2007, to serve as a lead plaintiff for the Class.However, in order to do so, you must meet certain legal requirementspursuant to the Private Securities Litigation Reform Act of 1995. If you wish to discuss this action, participate in this or any otherlawsuit, or have any questions or concerns regarding this notice, orpreservation of your rights, please contact: LYNN NUNN FEDERMAN & SHERWOOD 10205 North Pennsylvania Avenue Oklahoma City, OK 73120 Email to:
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HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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