A judge has given Bank of America NA, the administrative agent for American Home Mortgage Holdings Inc.'s lenders, more time to appeal a recent ruling that forbade it to sell $584 million in loans owned by the bankrupt mortgage lender.
A district judge has certified a class action brought against defunct health care finance company DVI Inc. and its chief auditor Deloitte & Touche LLP that alleges investors were victims of securities fraud at the hands of DVI officers and directors.
A Financial Industry Regulatory Authority panel has dismissed a complaint filed against H&R Block Financial Advisors Inc. alleging inappropriate sales practices and supervisory violations relating to sales of Enron Corp. bonds in the weeks before the energy company's collapse.
TALX Corp. has reached a deal with the U.S. Federal Trade Commission over the agency's concerns that TALX's acquisition spree in the first half of the decade “substantially lessened competition” in two outsourced data management services markets.
Securities regulators have won a court injunction against the many foreign-based entities of Lake Shore Ltd. in the ongoing litigation accusing the commodity pool operator of defrauding investors out of hundreds of millions of dollars.
In an unusual move, the U.S. Court of Appeals for the Federal Circuit has allowed two friends of the court to participate in oral arguments of a high-profile case that could determine the fate of business method patents.
A judge ruled Friday that a consortium of banks cannot bring Clear Channel Communications Inc. into a dispute in New York state court over whether the banks breached a commitment to finance the planned buyout of Clear Channel by private equity firms.
The list of employment suits against JP Morgan Chase & Co. got a little longer last week, as a former employee filed a putative class action alleging the firm fails to pay its hedge fund accountants overtime.
Cardholders will get a second swipe at credit card issuers over mandatory arbitration clauses in contracts, after a federal appeals court overturned the ruling against the defendants and remanded the case back to the district court.
Though the newly proposed changes to the U.S. Securities and Exchange Commission's rules for foreign private issuers are expected to be implemented with few changes, some firms and companies have expressed doubts about certain aspects of the guidelines.
A group of lenders has objected to M. Fabrikant & Sons Inc.'s latest proposed Chapter 11 liquidation plan, saying that if approved, it would prejudge a dispute between the lenders and the company's creditors.
A New York state appellate court has refused to dismiss claims brought against Home Depot founder Kenneth Langone over his alleged breach of fiduciary duty while he served on the board of the New York Stock Exchange.
Wachovia Corp. has agreed to pay up to $144 million to settle allegations that relationships it formed with telemarketers and third-party payment processors harmed consumers.
An appeals court in New Jersey has decided that Gibbs & Bruns LLP can represent plaintiffs as well as third-party defendants in a suit by a group of mutual and hedge funds over losses stemming from their investment in a collapsed Canadian gold exploration company.
An iStar Financial Inc. shareholder has filed a proposed class action against the real estate financing company, alleging that neither iStar nor its officers and directors were forthcoming with the public during the company's second public offering.
Federal regulators told the U.S. Congress Thursday that they welcomed sovereign wealth fund investment in the U.S. despite concerns about transparency and national security.
Days after reaching a $12 million agreement with securities regulators to settle backdating charges, Broadcom Corp. revealed that it has filed an arbitration claim against accounting firm Ernst & Young LLP regarding its audit of financial statements.
A Wall Street trader has agreed to pay a $130,000 fine to settle charges by the U.S. Securities and Exchange Commission that he spread false rumors about the planned buyout of Alliance Data Systems Corp. while short selling the stock.
The former president and part owner of a Maryland-based investment advisory firm has been sentenced to more than five years behind bars for allegedly defrauding investors in order to line his own pockets with cash.
Sharper Image Corp. has won approval from a bankruptcy court judge authorizing the specialty retailer to enter into a financing agreement with AICCO Inc. in order to cover insurance payments for its workers' compensation policy.