Banking Archive » August, 2008

Banking - August, 2008

162 articles

• Securities Fraud Suit Against Refco Largely Trimmed
• Insurer Told To Pay Ex-Refco Exec's Legal Team
• 2nd Circ. Upholds Ruling In Suncoast Kickback Case
• Foreign Secrecy Laws And American Courts
• Long Island Mayor Faces Securities Fraud Charges
• Revised DOJ Guidelines Could Spark New Strategies
• Student Loan Co. Faces Shareholder Derivative Suit
• SEC Blasts SIFMA In Bond And Swap Dispute
• US Seeks Stay In Civil Suit Against Ex-Bear Execs
• DOJ Changes Corporate Fraud Guidelines
• Private Equity Firms Ask Judge To Toss Antitrust Suit
• GE Commercial Ponies Up For Dura Emergence
• KFTC Fines Domestic Insurers For Price-Fixing
• American Home Sells 'Alt-A' Mortgages For $19M
• Insurers Sue Milberg LLP To Void Liability Contracts
• Judge Tosses Appraisal Suit Against IndyMac, FDIC
• Futures Broker To Pay $310K To Settle CFTC Charges
• No Early Judgment Against ING Bank In FLSA Suit
• SEC Offers Roadmap To Global Reporting Rules
• 9th Circ. Tosses $2.41M Award In Executive Life Case
• Ind. 6th State To Sue Countrywide Over Risky Loans
• Judge Denies Class In Treasury Bonds Trading Suit
• Judge Vacates Convictions Of NYSE Floor Traders
• ShoreTel's Underwriters Seek To Toss IPO Suit
• The CSX Case In Historical Perspective
• SEC, Australia Sign Mutual Recognition Deal
• Citibank Can Go After Adelphia Grid Payments: Judge
• Merrill Lynch Inks Tentative Deal With SEC Over ARS
• 6th Circ. Approves Key Bank ATM Fee Notice
• Ex-Merrill Adviser Wins Arbitration Dispute Appeal
• BofA Wins $411M In Natural Gas Case
• Calif. AG Won't Probe Schumer Over IndyMac Collapse
• Creditors Seek To Oust Law Firm From Ch. 11 Case
• RBC In Talks With Regulators To Buy Back ARS
• D.C. Circ. Upholds PCAOB
• $300M Malpractice Suit Against Deloitte Lives On
• Appaloosa Keeps Up Fight Against Delphi Suit
• Muni Bond MDL Complaint Takes A Jab At Lawyers
• Unlawful Deduction Claims Added To HSBC FLSA Suit
• WaMu Hit With Suit Over Fund Management Fees
• Judge Certifies Class In Parmalat Securities Suit
• Discover's Antitrust Suit Survives Dismissal Bids
• Deal Could Pave Way For CBOE To Launch Stock
• Final SEC PIPEs Claim Against Mangan Tossed
• Cuomo Inks ARS Buyback Deals With 3 More Banks
• Cuomo Follows Spitzer's Path, With New Twists
• Judge Consolidates Securities Suits Against Citi
• Morgan Stanley Wins On Appeal In Telecom Suit
• LendingTree, IMX Bring 2003 Patent Spat To An End
• Delta Financial Wins Extension To Finalize Plan
• L.I.D. To Rework Disclosure Statement
• City Trust Can't Invest In Equity Securities: Court
• SEC Planning Permanent Short-Selling Rule: Cox
• Fried Frank Confirms Support Staff Layoffs
• CME Group Faces Patent Suit Over Electronic Trading
• Trader To Pay $280M To Investors In CFTC Deal
• Pushing For Transparency, SEC Replaces Edgar
• Deja Vu For GMAC In Aloha Case
• ING Sues PNC For Orange Orb Use In Online Banking
• Judge Tosses ECOA Suit Against JP Morgan Chase
• Freddie Mac Faces New Suit Over Subprime Practices
• American Home Mortgage Files Liquidation Plan
• Hagens Berman Tapped In Schwab Suit
• FDIC And Treasury Guidance May Spur Covered Bonds
• No Truth To 'Squawk Box' Deal Reports: Attorney
• Cuomo Fires Shot Across Merrill's Bow
• N.H. 1st State To Sue UBS Over Student Loan ARS
• Wachovia To Buy Back $9B In Auction Rate Securities
• Judge Spurns Countrywide Deal With Pa. Trustee
• Judge Tosses Claims Against Banks In Refco Suit
• Single Gay Epithet At Work Sustains Claim: Court
• UBS Hires New Legal Chief Amid ARS Trouble
• Amaranth Trader To Fork Over Trading Records
• $33M Smith Barney Discrimination Settlement OK'd
• JP Morgan, Morgan Stanley Settle Over ARS For $7B
• 2 Studies: SEC Short-Selling Rule Was Ineffective
• ABFS Bondholders Get Green Light For BDO Suit
• Insurers Can't Amend Claims Against Counties: Judge
• Lawyers Trade Shots In Mortgages Ltd. Bankruptcy
• W.Va. Sues Countrywide
• Credit Suisse To Pay £5M Fine For Pricing Violations
• Fifth Third Bancorp Hit With Another Shareholder Suit
• What To Consider In Buying Home Mortgage Loans
• NYSE, FINRA Assume Oversight Of 10 Exchanges
• $84M SCOR Securities Deal Gets Tentative OK
• Wachovia May Face SEC Charges In Muni Bond Probe
• Ratings Agencies: A New Front In Subprime Litigation
• SEC's Short-Selling Limits Could Become Permanent
• Morgan Stanley Says It Will Buy Back $4.5B ARS
• Fannie Mae Exec Says Losses To Worsen
• Value Of Disputed BofA Natural Gas Trimmed
• Judge OKs Wickes, Deloitte Settlement Of $1.25M
• 9th Circ. Partially Reverses Global Express Ruling
• EnCap, Creditors Fight Wachovia Bid To Toss Ch. 11
• Judge Denies CBOE's Discovery Motion In Patent Spat
• BofA, Citi Off The Hook In Parmalat Investor Suit
• Trustee Protests Countrywide's Deal With Pa.
• Arent Fox Hires 4 Partners In NYC Expansion
• CFTC Unveils Forex Fraud Task Force
• Race, Sex Bias Suit Against JP Morgan Dismissed
• Cuomo Targets 3 More Giants In ARS Probe
• Suit Questions Goldman's Objectivity In Wrigley Deal
• UBS To Buy Back $18.6B ARS, Pay $150M Fine
• D.C. Circ. Lets Fannie Mae Execs Off Hook
• Australia Plans 'Market Turmoil Response'
• Merrill Lynch Faces Another Overtime Suit
• 2 More National Century Execs Sentenced For Fraud
• U.S. Recognition Of Offshore Insolvency: Impossible?
• GM Agrees To Up Loan To Delphi By $300M
• Deloitte Prevails In Appeal Of Negligence Suit
• Banking Group Wants Short Selling Order Expanded
• SEC Launches Formal Probe Of Countrywide
• GM, Deloitte Reach $303M Settlement With Investors
• Merrill Switches Lawyers In Discrimination Suit
• ARS Deals May Cause $4B Write-Downs: Analyst
• Calif. High Court Invalidates Limited Noncompetes
• Experts Urge More Control Of Complex Securities
• SEC Accuses Microcaps Of Improper Offerings
• FINRA Sets Up Arbitration Panels For ARS Cases
• Mass. Wrings Another Deal Out Of ARS Saga
• Citigroup To Buy Back $19.5B In ARS, Pay $100M Fine
• Ex-Refco President Gets 10 Years In Prison
• Miss. AG Drops State Farm Katrina Case
• Some Refco-Related Claims V. Grant Thornton Tossed
• Credit Suisse Sued For Alleged ARS Fraud
• Prudential Financial Settles SEC Claims With No Fine
• Ex-Broker Wants Names From UBS For Class Notice
• Banks Let Off Hook In ERISA Suit Against Merrill
• Conversion Fight Over Mortgages Ltd. Rages On
• Morgan Stanley Race Bias Suit Shifts Courts
• Ernst & Young Slapped With $2.9M SEC Fine
• Ex-National Century Execs Sentenced In Fraud Case
• Judge Rejects Ex-Bayou Exec's Guilty Plea
• Whistleblowing CFO Still Fired: 4th Circ.
• Citigroup May Buy Back $5B In ARS Debt
• Conn. Becomes 4th State To Sue Countrywide
• Class Status Denied In Wells Fargo Break Time Suit
• Genworth Ensnarled In More Bid-Rigging Probes
• N.J. High Court Makes Exception For Suing Counsel
• Judge OKs $150M SemGroup DIP Loan
• Wachovia Sued Over Bond Fund Collapse
• Frontier Says It Found Better DIP Deal
• In Bankruptcies, Private Equity Becomes The Target
• UBS May Settle With Texas Regulators Over ARS
• New SOX Rule Hopes To Track Misstatements
• UBS Lawyer Quits Amid ARS Scandal
• GM Will Take Part In Delphi's Appaloosa Suit
• Sonnenschein Scores Big In Aloha Spat
• Swiss Court Grants UBS Injunction In Poaching Case
• Delaware Chancery Clarifies Duty Of Disclosure
• Ex-Wachovia VP Sues For Reverse Gender Bias
• Cuomo May Sue Citigroup Over ARS
• It's A Bull Market — For Securities Class Actions
• Judge Drops MDL Status For Merchants Against AmEx
• SEC To Make Financial Reporting Improvements
• IndyMac Honchos Face More Legal Woes With Suit
• Firms, Bar Recover From Kickback Prosecution
• Former Treasury Official Part Of UBS Auction Rate Suit
• Parmalat, UniCredit Reach €271M Deal
• Insider Trading Claim Against Goldman, MFS Trimmed
• IndyMac Files For Chapter 7
• H&R Block Hits AmEx With Suit Over Celeb Ad