Banking Archive » March, 2008

Banking - March, 2008

195 articles

• Paulson's Reform Blueprint Comes Under Fire
• Fedders, Banks Hit With $150M Misconduct Suit
• Securities Suit Against Friedman Billings Dismissed
• Latham & Watkins Partner Pleads Guilty To Fraud
• People's Choice Amends Reorganization Plan
• Countrywide Class Action Is Put On Hold
• Bondholder Cries Foul On Dura Disclosure Statement
• South Korea FTC Goes After Banks
• PwC Pays $4M To Settle Sexual Harassment Suit
• Delaware Court Makes Bear Shareholders Wait
• Are Sovereign Wealth Funds A Threat?
• 'Con-Torts': From Breach Of Contract To Tort Claims
• Investors Target Merrill Over Auction Rate Securities
• Kinks Persist In Class Action Fairness Act: Experts
• JP Morgan To Pay $2M Over National Century Collapse
• Judge Stops Bear Stearns Exec from Defecting
• Pentagon To Wind Down Funds, Expects SEC Suit
• Sharper Image Trustee Slams Hiring Of CEO's Firm
• Jury Deals Blow To Former National Century Head
• Bipolar Attorney's ERISA Suit Not Ripe For Judgment
• FTC, TJX Settle Retail Data Breach Cases
• IRS Asks People's Choice To Nail Down Tax Issues
• Citing Turmoil, Subprime Lender Gets More Time
• Malpractice Suit Likely In Wake Of New Century Report
• Qualcomm Loses Legal Fee War With Lloyd's
• American Home Wins Another Exclusivity Extension
• Citigroup Takes Auction Rate Securities Hit
• AIG Sues Ex-CEO Greenberg, Others Again
• Middle Eastern Capital Fuels Boom In Islamic Finance
• Islamic Finance Upstarts Challenge London
• Delta Financial Seeks More Time To File Ch. 11 Plan
• Florida Home Loan Holding Co. Enters Bankruptcy
• Bear Hits Court Over Ex-Employees' Client Lists
• U.S. Downturn Could Affect Asian Deal-Making
• Lawyers Bristle At Sovereign Wealth Fund Criticism
• Banks Ordered Not To Block Clear Channel Merger
• Pension Funds Seek to Block Bear Stearns Deal
• FINRA Orders GFI To Pay Burlington Capital $1.3M
• EU Launches Probe Into Visa Interchange Fees
• New Century Was Ticking Time Bomb: Examiner
• Mortgage Lenders Wins More Time To File Plan
• Suit Claims Regions Financial Hid Subprime Risk
• 9th Circuit Wipes Slate Clean In Homestore Case
• Judge Gives Kara More Time To Protest Claims
• Enron Creditors Reach $1.66B Deal With Citigroup
• Morgan Stanley Sued Over Auction Rate Securities
• SEC Seeks To Make Overseas Investment Easier
• Desperate Thornburg Issues $1.35B In Debt Notes
• KPMG Prevails Against Trustee Of Bankrupt Dot-Com
• Fallout From The Liechtenstein Bank Scandal
• ETrade Hits Ex-Employees With Trade Secrets Suit
• Promissory Notes Deemed To Be 'Securities'
• Boosted Bear Deal Unlikely To Slow Lawsuits
• High Court Won't Weigh Case Against NYSE
• Suit Seeks OT Pay For Prudential Associates
• Banks Cleared In Part In ATM Interchange Fee Case
• Banks Get OK To Stretch Mortgage Securities Budget
• Cox Says Bear Didn't Violate Capital Requirements
• NovaStar Pays $2M To End Involuntary Bankruptcy
• Criminal Charges Still Possible In Bear Meltdown
• NYSE Members Should Prepare For Outsourcing Rules
• Second Peregrine Fraud Case Ends In Mistrial
• Sentinel Files $550M Fraud Suit Against Auditor
• Bryan Cave Creates Subprime Lending Team
• Korean Banks Face Cartel Investigation: Report
• SEC Said To Probe Bear Stearns Options Trades
• Plaintiffs Are Tripped Up by Loss Causation
• Ameritrade, Wachovia Sued Over Auction Rate Sales
• Ex-New Century Workers Urge Court To Unseal Report
• Trader Gets Jail, $8M Fine In Stock Fraud
• Wachovia Subsidiary Hit With FLSA Suit
• PBGC Rule Would Change Employer Plan Liability
• Countrywide Broke Promise To Katrina Victims: Suit
• Judge Tosses Suit Over Citigroup-Legg Mason Deal
• New Century's Disclosure Statement Gets Judge's OK
• Sullivan & Worcester Forms Credit Crisis Practice
• Bank Liquidators Allege Telecom Exec Stole $120M
• Alleged Hackers To Face Stock Fraud Charges
• Schwab Hit With Class Action Over Mutual Funds
• Judge Dismisses Copyright Suit Against Citigroup
• HSBC Loan Officers Win Class Status In FLSA Suit
• KPMG Defendant's Woes Continue To Multiply
• Bear Stearns To Reimburse Employees Fighting Suits
• W.P. Carey To Pay $30M To Settle Kickback Charges
• AIG Settles Big-Rigging, Reporting Probe For $13.5M
• Alston & Bird Adds Structured Finance Partner
• No $6M Bonus For Adequate Job: Calpine U.S. Trustee
• H&R Block Fights $4M FINRA Award To Former Exec
• Judge Won't Let Deloitte Off For Adelphia Audit
• Sentences Tossed For Being Too Soft On Fraud
• Reed Smith Forms New Financial Industry Group
• American Home Creditors Back Loan Sale
• Deutsche Bank Sued Over Auction Rate Securities
• Bear Stearns ESOP Under Scrutiny By Plaintiffs Firms
• Bear Stearns Not Out Of The Woods Yet: SEC
• Federal Reserve Funding For Bear Stearns Challenged
• Supreme Court Denies Cert In Nymex Copyright Spat
• CSX Sues Hedge Funds Over Planned Proxy Fight
• Andrews Kurth Launches Subprime Group
• CNET To Appeal Ruling In Board Nominee Dispute
• Washington Mutual Wins $382M In S&L Case
• Nationwide Financial Shareholder Balks At Buyout
• Visa, MasterCard Win Appeal In Interchange Fee Case
• Title Insurers Accused Of Price-Fixing In Pa.
• Bear Stearns Buyout Is Legal Minefield For JP Morgan
• Employees Quickly Sue Over Bear Stearns Collapse
• Court Orders Ex-State Senator To Pay $791K
• Legislators Call For Sovereign Wealth Fund Clarity
• SEC Freezes Trading Of 26 Microcap Securities
• Municipal Bond Antitrust Probe Spurs Civil Suits
• House Eyes $300B Bill To Address Mortgage Crisis
• Trust Can Bring Claims Against Banks: Third Circuit
• Scruggs Enters Surprise Plea In Bribery Case
• CFTC Subpoenas Traders In Jet Fuel Price Probe
• Citigroup Asks Court To Stay Enron MegaClaims Trial
• NASD Loses Bid To Dismiss WorldCom Case
• Hedges Against Risk May Complicate Bankruptcy
• Countrywide Cries Foul On U.S. Trustee Investigation
• S&P Says End In Sight For Wall Street Write-Downs
• Securities Class Action Settlements Crest In 2007
• $64M Award Upheld Against Ex-Jenkens Clients
• The Tzolis Ruling, LLCs And Derivative Rights To Sue
• Mortgage Lenders' Plan Leaves Some Out In The Cold
• Feds' Crisis-Prevention Plan Puts Weight On Investors
• ISE Vice Chairman Charged With Insider Trading
• JP Morgan Engineers Seek Back Wages Under FLSA
• Calif. Plaintiffs Claim Title Insurers Fixed Rates
• Paulson Unveils Plan To Curb Market Excesses
• Stock-Loan Fee Case Nets Two More Guilty Pleas
• EU Fines Italian Banks €123M Over Illegal Aid
• Appeals Court Gives Grasso Judge Thumbs Up
• SEC, CFTC Sign Cooperation Agreement
• Lawmakers Unveil First Of Three Mortgage Crisis Bills
• Societe Generale Hit With Shareholder Class Action
• U.K. Court Blocks Ian Norris' Extradition
• New Century Creditors Want Report Kept Secret
• National Century Execs' Fraud Case In Jury's Hands
• New York Life Settles ERISA Suit For $14M
• LendingTree Claims H&R Block Patent Invalid
• Thacher Proffitt Forms Distressed Debt Group
• Australian Securities Regulator Probes Brokerages
• SEC Fines A.G. Edwards Trio In Market-Timing Scam
• Court Upholds $76.5M Award To Fifth Third Bank
• NAACP Seeks To Accelerate Lender Bias Suit
• Ernst & Young Seeks Almost $1M For Dura Work
• $23M Fraud Leads To 12-Year Prison Sentence
• Don't Pop The Stoneridge Champagne Corks Just Yet
• Appeals Court Upholds $55M Damages In S&L Case
• FBI Launches Probe Of Countrywide
• Few Partners Took O'Melveny Buyout Offer: Source
• Senators Propose Clean Energy Investment Bank
• Kilpatrick Beefs Up Subprime Practice
• PriceWaterhouse To Pay $30M To Settle Audit Suit
• Judge Tosses Liability Claim In Lawnmower Fire Suit
• Dickstein Shapiro Snags Two Antitrust Partners
• CBOT Members Reject CME Group Settlement Offer
• Former A.G. Edwards Trader Draws 3-Year Sentence
• U.S. Lawmakers Take On Credit Card Interchange Fees
• SEC Sues Certified Services CEO Over $30M Scheme
• Subprime CEOs Take Heat In Congress Over Pay
• GAO Pushes For Streamlined GSE Regulation
• Foreign Investors Booted From SCOR Class Action
• FINRA Members Prepare For NASD Rule 2821
• Sallie Mae Class Action Targets Subprime Exposure
• Judge Nixes Equifax Bid To Toss Antitrust Suit
• Feds Nab Ex-Doral Treasurer In $4B Fraud Case
• Winston & Strawn Picks Up White-Collar Prosecutor
• In China, Make Sure 'Guanxi' Doesn't Mean Bribery
• Allstate, FedEx, Dell Sued Over Networking Patents
• Alston & Bird Forms Subprime Task Force
• Federal Investigators Probe Trader In $141M Loss
• SEC Proposes Streamlining ETF Exemption Process
• Lawyers Say NYSE Data Flawed
• National Century Execs' Lose Bid For Acquittal
• Sentinel Trustee Sues BoNY For $550M
• Charges Loom In Municipal Bond Probe: Report
• Trustee Claims Countrywide Acted In Bad Faith
• Trustee Fights Bonuses For Fieldstone Insiders
• SEC Sues Brokerage Over $50M In Fraudulent Trades
• People's Choice Files Blueprint For Liquidation
• Dechert Flip-Flop Highlights Firms' Staffing Dilemmas
• Hedge Funds To Sue SEC Over Web Site Restriction
• HTFC CEO, Attorney Fined For "Outrageous" Conduct
• Trustee Attacks New Century's Disclosure Statement
• Edward D. Jones & Co. Faces FLSA Suit By Brokers
• R&G Financial Settles Suits Over Mortgage Sales
• SEC Proposes Tougher Naked Short-Selling Rules
• Dechert Seeks To Enforce Agreement With Coudert
• Huntington's Subprime Woes Lead To ERISA Suit
• Deutsche Bank Objects To New Century Plan
• 'Success' Fees Nixed In Northwest Bankruptcy
• Consent Decree Entered In Vanguard Title VII Suit
• Regulator Wants Banks' Detailed Data On Mortgages
• Fannie, Freddie Set Up Appraisal Watchdog
• MasterCard Appeals EU Interchange Fee Ruling