A financial services company has defeated class certification in a New York federal lawsuit involving subprime securities. The defendant, First American subsidiary eAppraiseIT, conducted home appraisals in connection with Washington Mutual mortgage loans. First American shareholders, led by the Berks County, Pa., Employees' Retirement Fund, alleged that eAppraiseIT routinely overvalued homes so WaMu could close mortgage deals.

Redemption through a showing of remorse is a common path in society -- but, ask Joel Cohen and Katherine A. Helm, what role does remorse play in a court of law? Can people get a second chance at being repatriated into the community if they are remorseful about their actions, after they've been caught and even convicted? Helm and Cohen examine a recent 2nd Circuit ruling that sheds some light on the issue.

Redemption through a showing of remorse is a common path in society -- but, ask Joel Cohen and Katherine A. Helm, what role does remorse play in a court of law? Can people get a second chance at being repatriated into the community if they are remorseful about their actions, after they've been caught and even convicted? Helm and Cohen examine a recent 2nd Circuit ruling that sheds some light on the issue.