The announced settlement last week of a 2017 lawsuit against EquiLend, Goldman Sachs, Morgan Stanley, J.P. Morgan and UBS, which follows an earlier $81 million settlement by Credit Suisse, shows that lawyers can find willing plaintiffs to support stock loan cases. The lawyers and their clients will receive $499 million in the latest deal, with Bank of America still to face either a jury or settlement. This has been an interesting but frustrating case – here’s our analysis.
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