Friday, Mar 19, 2010
Unsecured creditors in the Lehman Brothers Holdings Inc. bankruptcy have accused Barclays PLC of knowingly ripping off the struggling investment banking firm when it entered into a deal to buy Lehman’s brokerage business for $45 billion, responding to Barclays' objections to a bid to modify the deal.Thursday, Mar 18, 2010
Banking industry technology provider Metavante Corp. has reached a settlement with a derivative arm of Lehman Brothers Holdings Inc. in a dispute over a swap contract, following Metavante’s appeal of a finding that it owed more than $6.6 million under the deal.Thursday, Mar 18, 2010
A federal judge has rejected a bid by a dozen Wall Street firms and the U.S. Securities and Exchange Commission to ease restrictions on some communications between research analysts and investment bankers prohibited by a 2003 settlement.Wednesday, Mar 17, 2010
A federal judge on Wednesday threw out a putative class action accusing Canadian Imperial Bank of Commerce and its executives of misleading investors about the bank's exposure to fixed-income securities backed by subprime residential mortgages.Wednesday, Mar 17, 2010
Barclays Capital Inc. has accused funds owned by Trilantic Capital Partners and Lehman Brothers Real Estate Partners of breaching their fiduciary duties by failing to pay millions owed in connection with the placement of private equity business.Wednesday, Mar 17, 2010
Acknowledging high-profile regulatory mistakes from the past, U.S. Securities and Exchange Commission Chairwoman Mary Schapiro said Wednesday that the agency will break down information silos and beef up enforcement staff and technology next year in its attempt to regain public trust.Wednesday, Mar 17, 2010
The House Financial Services Committee will hold a hearing to examine questions raised about the federal regulatory oversight of bankrupt Lehman Brothers Holdings Inc. in the months leading up to its collapse, according to committee members.Tuesday, Mar 16, 2010
State Street Bank and Trust Co. has filed an answer and counterclaims in a contract suit brought by FCCD Ltd., accusing the Irish financial services firm of unfairly seeking to “usurp” its rights in a battle over a troubled $65 million Mexico real estate development loan.Monday, Mar 15, 2010
Lehman Brothers Holdings Inc. and its 22 affiliated Chapter 11 debtors on Monday filed a joint plan of reorganization, nudging the largest bankruptcy ever filed in the U.S. one step closer to resolution.Thursday, Mar 11, 2010
Lehman Brothers Holdings Inc.'s senior officers may be liable for manipulating financial reports in an attempt to hide the effects a crisis of confidence was having on the firm as it neared collapse in 2008, a bankruptcy examiner has found.Wednesday, Mar 10, 2010
The court-appointed examiner investigating hotel chain Extended Stay Hotels LLC's Chapter 11 filing has asked the court to approve a procedure allowing him to publicly reveal the results of his months-long probe, including information previously deemed confidential.Monday, Mar 08, 2010
A Lehman Brothers Holdings Inc. unit and the bankrupt company's unsecured creditors have urged a judge not to revive a lawsuit brought by investors in minibonds, arguing that the plaintiffs do not have standing to pursue $1.5 billion in collateral Lehman has laid claim to.Friday, Mar 05, 2010
The lead plaintiffs in a proposed securities class action against Lehman Brothers Holdings Inc. have backed an examiner's bid to unseal a 2,200-page report about the bank's collapse.Tuesday, Mar 02, 2010
Two groups of Reserve Management Co. Inc. investors have put their claims of fraud, breach of fiduciary duty, gross negligence and securities law violations to rest in multidistrict litigation accusing the company and its trustees of misconduct in their handling of the Reserve Primary Fund.Tuesday, Mar 02, 2010
Plaintiffs have challenged the dismissal of two putative class actions accusing Citigroup Inc., UBS AG, Bank of America Corp., The Goldman Sachs Group Inc. and several other financial firms of violating antitrust laws in their presentation and marketing of auction rate securities.Monday, Mar 01, 2010
A federal court has handed Lehman Brothers Holdings Inc. a partial win in a contract spat against Dream House Mortgage Corp., a lender that sold loans to Lehman and allegedly failed to buy them back after the borrowers quickly defaulted.Monday, Mar 01, 2010
The recent dismissal of the Employee Retirement Income Security Act "stock-drop" class action against Lehman Brothers provides arguments for companies and individuals facing ERISA class action litigation in the wake of the financial crisis, say Adam S. Hakki and Brian H. Polovoy of Shearman & Sterling LLP.Friday, Feb 26, 2010
Lehman Brothers Holdings Inc. has penned a tentative deal with JPMorgan Chase & Co. that will lay to rest a $7.68 billion claim related to illiquid securities held as collateral by the bank after the investment firm's collapse.Thursday, Feb 25, 2010
A Lehman Brothers Holdings Inc. affiliate has asked a bankruptcy judge to allow it to pay expenses for special purpose investment vehicles in the Cayman Islands, saying if the SPVs dissolve it stands to lose $900 million.Thursday, Feb 25, 2010
Turning up the heat on Reserve Management Co. Inc., a federal judge on Thursday firmly backed regulators’ claims that the company and its leadership deceived investors about the plight of its money market fund following the Lehman Brothers Holdings Inc. collapse.| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next 10 Pages |