Elias LLC Sues Wells Fargo Over Fake Accounts Scandal

Elias LLC and co-counsel filed an ERISA class action lawsuit today on behalf of Wells Fargo’s 401(k) Plan participants who suffered hundreds of millions of dollars in losses as a result of the massive fraudulent accounts scandal recently disclosed to the public.

Read More

RBS Pays $1.1 Billion to Settle Securities Litigation

Global investment bank Royal Bank of Scotland recently agreed to pay $1.1 Billion in order to settle claims that RBS made material misrepresentations in connection with its sale of residential mortgage-backed securities to corporate credit unions in the period leading to the financial crisis.

Read More

Elias LLC Profiled in St. Louis Business Journal

The St. Louis Business Journal recently profiled Elias LLC in a cover story, “Small Firm Sues Giant Bank Over Mexican Drug Killings.” The article focuses on Elias LLC’s new case against HSBC on behalf of U.S. victims of drug cartel terrorism.

Read More

Elias LLC Sues HSBC on Behalf of U.S. Victims of Drug Cartel Terrorism

Elias LLC filed a lawsuit yesterday against HSBC on behalf of several innocent Americans killed by Mexican drug cartels. The plaintiffs seek to hold HSBC accountable under the Anti-Terrorism Act, a statute that creates civil liability for supporters of terrorism. HSBC was complicit in laundering billions of dollars for the drug cartels for nearly a decade leading up to the terrorist attacks on the victims.

Read More

7th Circuit Rules in Favor of RMBS Investor Against RBS

In a securities case developed by Elias LLC attorneys at the district court level, the Seventh Circuit Court of Appeals recently ruled that global investment bank RBS must face trial on claims that it made material misrepresentations in connection with its sale of residential mortgage-backed securities to CUNA Mutual Group. CUNA Mutual seeks damages exceeding $70 million.

Read More