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Case 1:07-cv-00815-JB-WDS Document 193 Filed 05/05/2009-Page 1 of 4 UNITED STATES DISTRICT COURT DISTRICT OF NEW MEXICO IN RE THORBURN MORTGAGE, CASE NO. CIV 07-815 JB/WDS INC. SECURITIES LITIGATION
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People Also Ask about

A securities class action is a case brought pursuant to Federal Rule of Civil Procedure 23 on behalf of a group of persons who purchased the securities of a particular company during a specified period of time (the class period).
On June 10, 2005, Citigroup agreed to pay $2billion to Enron shareholders who were wiped out when the energy company collapsed in December 2001. The payment settles a class action brought by Enron investors led by the University of California.
Securities litigation is a highly specialized, multifaceted area of practice involving the application of complex securities laws. Cases are generally high stakes, involve sensitive matters and can result in substantial damage awards and negative publicity.
The result may be that someone brings a class action lawsuit. But if you've suffered a significant financial loss, you should be wary of participating in a class action. You'll almost always be far better off if you “opt out” of the class and pursue your own individual case.
In a class-action lawsuit, a group of people suffering similar injuries (either physical or financial) join together to file a claim against a common defendant. If they succeed in their class-action lawsuit or if a settlement is reached before going to court, any awards are divided among members of the group.
In a typical securities class action, one or more shareholders who held or currently hold stock in a particular company will commence a class action by filing a complaint (most often in federal court). More often than not, multiple lawsuits are filed by multiple law firms, who each have their own plaintiff.

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2 suggestion of bankruptcy refers to a legal process where a debtor proposes to settle their debts in court. It is a potential solution for individuals or businesses facing financial difficulties.
Individuals or businesses who are unable to repay their debts and are facing financial difficulties are required to file a 2 suggestion of bankruptcy.
To fill out a 2 suggestion of bankruptcy, the debtor needs to provide detailed financial information, including income, assets, liabilities, and a proposed repayment plan. It is recommended to seek legal advice or consult a bankruptcy attorney for proper guidance.
The purpose of a 2 suggestion of bankruptcy is to provide a legal framework for debtors to restructure or eliminate their debts and obtain financial relief. It aims to give individuals or businesses a fresh start and an opportunity to regain financial stability.
When filing a 2 suggestion of bankruptcy, debtors must report detailed information about their financial situation, including income, expenses, assets, liabilities, creditors, and any previous bankruptcy filings.
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