Banking Archive » August, 2007

Banking - August, 2007

219 articles

• EC To Pay For Botched Merger Review
• Court Orders McGraw-Hill To Hand Over Documents
• Entergy, Insurer Sue Army For Katrina Damage
• Bankruptcy Blocked For Bear Stearns Hedge Funds
• Judge Draws Curtain On Quattrone Case
• JPMorgan Wins Partial Victory In Retaliation Case
• Judge Chides Feds For Not Revealing Bill-Padding
• Sacane, Durus Settle With SEC
• Sidley Cites Statute Of Limitations In KPMG Case
• New Rule On Short Selling Will Help Protect Market
• Axed First Magnus Workers Told To Wait In Line
• LendingTree Patent Case Heats Up
• Deloitte Sued For Gender And Age Discrimination
• Rigas Family Urges Court To Ban Deloitte's Retreat
• Former Branch Manager Files ADEA Suit Against UBS
• Subprime Defaults Force Hedge Fund Into Ch. 15
• Two Plaintiffs Added In Citigroup FLSA Suit
• Merrill Lynch Balks At Ownit Disclosure Statement
• DataTreasury, Citigroup Patent Suit Stayed
• Bankest Exec Gets 20 Years For Fraud
• Another Arizona Mortgage Lender Files For Ch. 11
• American Home, Fannie Mae Agree To Servicing Pact
• Judge Signs Off On $449M Asbestos Deal
• Commodity Pool Operator Settles For $14M
• Refco Trustee Takes Another Shot At Mayer Brown
• Goldman Sachs Worker Admits Insider Trading
• Delays In Appointing Examiner Give Lender Trouble
• Bayou Investor Appeals Suit Against Advisor
• Enron Ruling Prevents Debt Market Havoc: Judge
• Marsh, Insurance Cos. Hit With Suit By Ohio AG
• Deutsche Bank Wants ERISA Ruling Reconsidered
• Appeals Court Affirms Ruling in Philly Corruption Case
• Zurich Agrees To $30M Deal In Converium IPO Suit
• Software Co. Targets New Century Attorneys
• AFL-CIO Asks Auditors To Prevent Options Backdating
• First Horizon Hit With FLSA Suit
• Proposed Class Sues AXA For Labor Practices
• With Judge On The Fence, Bear Gets 10 More Days
• Judge Rejects An Appeal From Delta Bondholders
• Judge Denies RBC's Motion To Dismiss Enron Suit
• Wells Fargo Fights Bankrupt Alliance Over Loans
• E-Medsoft Defendants Want Discovery Stay Back
• U.S. Trustee Disputes Election In Alliance Bankruptcy
• Appeals Court Dismisses Moody's Suit
• AHM To Hand $519M In Loans To Morgan Stanley
• Circuit Court Dismisses Old National BanCorp Charges
• Creditors Try To Push Lender TransLand Into Ch. 11
• Bear Stearns To Pay Over Alleged Noncompete Breach
• Plaintiffs Ask Judge To Rethink Parmalat Ruling
• Judge Refuses To Dismiss FLSA Suit Against HSBC
• Rigas Family Cries Foul Over Deloitte Trial Backdown
• State Farm Under Fire Over Katrina Calculations
• Banks Must Face Antitrust Law: Short Sale Plaintiffs
• Judge Appoints Trustee In Sentinel Bankruptcy
• USPTO Can Reinterpret Trans Texas Patent: Court
• Hedge Fund Managers Settle Late Trading Charges
• U.K. Lifts Price Controls Placed On Four Banks
• Fired Employees Sue HomeBanc
• Refco Trustee Takes Aim At Big Guns
• Ex-Tyco Director Says Oral Deposition Could Kill Him
• New Century, Deutsche Bank Settlement Approved
• Still Under Regulator Fire, Sentinel Turns To Trustee
• Countrywide Seeks Stay Lift To Recover Payments
• Wholesale Lender Quality Home Loans Enters Ch. 11
• Subprime Lender Stops Loans, Slashes Workforce
• Beazer Homes Strikes First Against U.S. Bank
• Harbinger Tries To Pry Docs Out Of Asarco's Hands
• Qui Tam Suit Against U. of Phoenix To Go Forward
• Sentinel Gets Court OK To Pay Investors $300M
• Ginnie Mae Wants $450M Back From AHM
• AMC Hit With Proposed WARN Act Class Action
• Judge Rebuffs SEC Over Ex-AMEX CEO
• Hollinger's Banks Want A Piece Of The STMG Pie
• First Magnus Files For Ch. 11
• Subprime Crisis May Cause D&O Insurance Risks
• Card Issuers Urge Court To Dismiss Late Fee Case
• WTC Opponents Square Off Over Summary Judgment
• Unions Ask EU To Tighten Hedge Fund Regulation
• Credit Card Cos. Face Patent Infringement Suit
• CORRECTED: Bayou Rakes In $9.5M From Payouts
• SEC Sues Bankrupt Sentinel For Fraud
• Plaintiff In New Century Class Action Requests Docs
• Court Rejects Attempt To Block Bank Merger
• Judge Tosses Most of Adelphia Shareholders' Claims
• Con Ed Says Port Authority Owes Damages For WTC
• Global Home Creditors Object To Extension
• Charles Schwab Takes Aim At Overtime Suit
• Judge Denies Bank's Bid To Seize AHM Loans
• Refco Auditor New Target In TH Lee's Spate Of Suits
• Plaintiffs, DB Oppose Case Transfers In WTC Case
• UBS Accuses ADEA Plaintiff Of Defamation
• Amaranth Seeks Stay Of FERC Action
• Sarkozy Calls For Increased Financial Transparency
• Deutsche Bank Prevails In Shareholder Class Actions
• SEC Turns Up Heat On Hedge Funds
• Morgan Stanley, American Home Battle Over Loans
• Judge Gives CIBC One Last Chance In Securities Case
• New Century Staves Off Software Copyright Suit
• Judge Sides With UBS In Broker's Wage Case
• Plaintiffs Appeal $100M AmEx Settlement
• Rival Banks Request Approval Of ABN Amro Bid
• Solicitor General Asks Court To Bar Third Party Cases
• BofA Faces Discovery Deadline In Patent Case
• Auto Insurer May Face State Claims
• Judge Deals Blow To Wells Fargo In Overtime Case
• Travelers Can't Sue Co-Fiduciary: Court
• PwC Won't Honor ERISA Duties, Says Retiree Suit
• Washington Mutual Sues Alliance For Loan Payments
• Insurer Denies Fraud In Understating Katrina Claims
• GMIMCo, State Street Aim To Toss ERISA Suit
• EU To Probe Credit Rating Agencies
• Judge Sides With Verizon, Sprint In Insurance Spat
• Canadian Banks Act As Monopoly: Report
• Judge Grants Bank 'Pre-Approved' Judgment
• Pension Fund Balks At Amaranth's Bid To Dismiss
• Bayou To Announce Second Round of Settlements
• Deutsche Bank Exec's ERISA Claim Stands: Judge
• Jury Orders BDO Seidman To Cough Up $521M
• Well-Timed Trade By AHM's CEO Raises Eyebrows
• Dodd Blasts Bush For Silence In Key Fraud Case
• JPMorgan Threatens HomeBanc With Foreclosure
• BDO Seidman To Pay $170M For Overlooked Fraud
• "Squawk Box" Brokers Lose Bid To Block Retrial
• NYSE Fines Janney Montgomery Scott $2.5M
• Out Of Cash, Aegis Mortgage Files Ch. 11
• Dutch Regulators Approve ABN Amro Deal
• Auditor Spared In National Century MDL
• DOJ Subpoenas KKR In Private Equity Probe
• Accredited Home Sues Lone Star Over Merger Deal
• Investors Get Checks From $55.6M Banc One Deal
• Bayou Wins Right To Sue 'Redeemer Defendants'
• American Home Wants Cadwalader As Special Counsel
• OFT Probes BSkyB Deal
• SEC Adopts New Antifraud Rule For Investment
• Court Greenlights FLSA Suit Against Wachovia
• HomeBanc Becomes Latest Lender To File Ch. 11
• Law Firm To Investigate Bear Stearns Hedge Funds
• New Century To Settle Deutsche Bank Dispute
• Court Upholds $10M Award Against Lehman
• Parmalat Judge Tosses Suits Against Banks, Auditors
• Wall Street Faces SEC Audit Over Subprime Reports
• Axed Workers Sue American Home Mortgage
• CFTC Wins $15M Judgment Over Phony Exchanges
• Akin Gump Snags Ex-Assistant U.S. Attorney
• Morgan Stanley's Arbitration Appeal Rebuffed
• $6.3M Final Nail In Coffin Of SEC's Wood River Suits
• Ex-Amaranth Trader Adds Fuel To FERC Fire
• Bayou Group Nets $8.2M In Settlements
• Mortgage Lender Resolves FLSA Suit For $14M
• American Home Mortgage Seeks Stay In FLSA Suit
• Bankrupt Bear Stearns Funds Get Injunction
• Ex-Refco CEO, Others Dodge Court For Now
• NASD Arbitrators Scolded In Age Discrimination Case
• MetLife Unit Settles Late Trading Charges With SEC
• Ruling Tightens Rein On Securities Fraud Plaintiffs
• T.H. Lee Hit With Fraud Suit From Refco Trustee
• Banks Claim Immunity From Short Sale Class Action
• Franklin Asks For Time To Reply To Class Action
• Allstate Prevails In FLSA Suit
• First BanCorp Settles Fraud Suit For $8.5M
• Judge Calms Discovery Quibbles In E&Y Suit
• Judge Refuses Stay Of Visa Fee Ruling
• To Banks' Dismay, Judge OKs Loans, Cash For Lender
• 9/11 Victim's Estate Asks For Day In Court With Refco
• Firms Vie To Be Lead Counsel In Telik Fraud Case
• DOJ Slaps American Express With $65M Fine
• Committee Fights On In Request For KPMG Documents
• Tussle Over Musicland's Liquidation Plan Continues
• Banks Slam American Home's Plea For Cash
• Court Nixes Travelers' Bid To Halt State Suit
• Katrina Policyholders Dealt Another Blow
• New Century Judge Lifts Stay For Mortgage Cos.
• Paul Weiss Wins Severance Spat With Citi Honcho
• Appaloosa Defends Securities Claims Against Qwest
• U.S. Energy Mulls $9M Offer To Buy Unit
• Court Halts Chicago Exchange Suit Pending SEC Ruling
• Global Home Wants 60 More Days Of Exclusivity
• Defendants In ATM Fee Case Seek Summary Judgment
• Senate Report Stings SEC Handling Of Pequot Case
• American Home Pushed Into Ch. 11 By Suits, Losses
• Arthur Andersen Bids To Toss Claims In Qwest MDL
• AFL-CIO Wants SEC To Regulate IPO-Ready Funds
• Court Allows Suits After PBGC Takes Over Plan
• Judge Drops Case Against PwC In Bisys Fraud Action
• EU Clears ABN, Barclays Merger
• HSBC Bank Tries To Quash ERISA Evidence
• Fifth Circuit Rebuffs Katrina Policyholders
• Lloyds Fights Moody's Bid To Toss Claims
• Judge Grants Early Approval To Wells Fargo Deal
• UBS Race Bias Case Transferred To Maryland
• Court Denies Firm's Bid For Cut Of Criminal's Assets
• Morgan Stanley Agrees To Settle Race Bias Suit
• FINRA Cuts Its Teeth On $6.1M Morgan Stanley Fine
• Investment Advisor Freed Of Bayou-Related Claims
• Charles Schwab Faces New Claims In Overtime Suit
• Citigroup Call Workers File Overtime Suit
• Group Launches FOIA Request Re FINRA
• Subprime Lender Warns Of Possible Bankruptcy
• EC Nears Completion Of MasterCard Probe
• EC Keeps An Eye On German Subprime Crisis
• London Stock Exchange Launches Specialist Market
• SEC, CFTC Target Investment Co. For $21M In Fraud
• BanxCorp Hits Bankrate With Monopoly Allegations
• American Home Mortgage Faces Shareholder Suits
• Fund Manager Settles Insider Trading Case With SEC
• Bear Stearns Faces Claim Over Failed Hedge Funds
• BofA Employee Pleads Guilty In Kickback Case
• Appellate Court Puts To Rest Nymex, ICE Dispute
• Venue War Rages In IDT-Blackstone Fraud Action
• Merrill Lynch Investment Units Pay $500K To CFTC
• KPMG Keeps Up Fight Over New Century Documents
• Bear Stearns Hedge Funds File For Bankruptcy
• Mortgage Lenders Claims Wells Fargo Owes $2.4M
• SEC Clarifies Guidance For Section 404 Of SOX
• Brokers Settle Sex Bias Suit With Smith Barney
• SEC Unveils Hedge Fund Enforcement Unit
• Judge Rebuffs Move To Reconsider JPMorgan Ruling
• Judge Tosses Some Claims In Fannie Mae Suit
• As Debts Mount, Mortgage Lender Flirts With Ch.11