Banking Archive » October, 2008

Banking - October, 2008

229 articles

• Banks Have Billions In Executive IOUs
• UBS Hit With €1.5M Fine In Parmalat Case
• Obama Presidency Will Mean More Regulation
• Jury Convicts Former National Century CEO Of Fraud
• Judge Denies Hexion Bid To Extend Banks' Pledge
• Rival Bidders Stalk Lehman Asset Management Unit
• Lenders Liable For Waste In Foreclosures: Calif.
• UK Greenlights Lloyds-HBOS Merger
• DOJ Probes AmEx Merchant Agreement Policies
• JPMorgan, FDIC Fight With WaMu Over Tax Breaks
• Wells Fargo Loses Another Dismissal Bid In FLSA Suit
• LCM Settles Improper Gift Charges With SEC For $3M
• Lehman Brothers Looks To Rehire 480 Employees
• Buffets Fee Letter To Remain Under Wraps — For Now
• Sempra Wins $48.5M Over Bad Investment Advice
• NC Agencies Battle Over Role In Freddie Mac Suit
• Business Method Patents Down But Not Out: Experts
• Antitrust Suit Over Fanny, Freddie's 'G-Fees' Survives
• Insurers Invoke Filed Rate Doctrine In Antitrust Battle
• Scrutiny Sparks New Questions For TARP Participants
• Wachovia Sues Former Brokers For Stealing Clients
• Hexion Sues Credit Suisse Over Failed Merger
• Bank Of America Sues Bear Stearns, Fund Managers
• Morgan Stanley Feud Complicates Discover's Payout
• Lehman Eyes $6M Land Deal And Extension
• Underwriter Not Owed $5M In Liability Ins.: Court
• Cuomo Demands Information On Bank Bonuses
• Lawyer Sues Citigroup Over Airport Financing
• Securities Suit Drives Brooke Corp. To Ch. 11
• Deloitte Claims Stand In Fraud Scheme Suit
• Auditors Make For Likely Targets In Tough Time
• Class Certified In Case Alleging $50M Ponzi Scheme
• KeyBank Didn't Overcharge Interactive: 7th Circ.
• Gibson Dunn Snags 3 Partners From Kramer Levin
• Banks Refuse To Fund Hexion-Huntsman Deal
• Feb. 2010 Trial Date Set in Merrill Consolidated Suits
• Banks Get Time To Negotiate Deal In IPO Litigation
• Ex-Bayou Boss' Hearing Postponed Again
• Discover, Morgan Stanley Spar On Settlement Payout
• Business Method Inventors Await Decision In Bilski
• Banks Lose Appeal In Huntsman-Hexion Merger Case
• Treasury Funds 'Going Out The Door' To First 9 Banks
• Blanket Stay Denied In Ex-Bear Managers' Civil Suit
• Merrill Lynch Wins Injunction Against Ex-Adviser
• Fred Leighton Jewelry Battle Turns Familial
• Calif. Cities Ask For Bailout Of Troubled Assets
• 8 Thacher Lawyers Defect To Greenberg Traurig
• Investors Try To Undo Dismissal Of MBIA Fraud Suit
• Fed Says AIG Owes US $90B
• PNC Uses Treasury Plan In $5.6B National City Buy
• Economic Woes May Boost Climate Change Sector
• Lead Counsel Named In JPMorgan ARS Suit
• Lehman Creditors Committee Enlists Help
• BAS Withheld Poor Credit Details, Investors Say
• UBS To Pay $100M To Settle HealthSouth Claims
• Two More Cos. Sue Lehman Seeking Assets
• HomeSide Fraud Suit On Wrong Turf: 2nd Circ.
• Court Tosses UBS Investor Class Action
• $16M Morgan Stanley Race Bias Settlement Approved
• JPMorgan Sues Recruiter For Wooing Execs To Rival
• Discover Bids To Toss Credit Card Arbitration Suit
• HSBC Objects To Boscov's Sale Of Credit Card Deal
• Subprime Suit Against Credit Suisse Still On
• Lehman Professional Fees Could Total $1.4B: Expert
• Managing Expectations For US Adoption Of IFRS
• Post-Financial Meltdown Securities Litigation
• The Economic Crisis And The SEC: Moving Forward
• Final Settlement OK'd In Aetna Eating Disorders Suit
• Credit Suisse Will Offer $200M Structured CO2 Deal
• Delta Financial Disclosure Statement Gets Judge's OK
• KPMG Tossed From Merge Tech Suit, Again
• Analysts, Firms Subpoenaed In Lehman Probes
• Wells Fargo's Bid To Dismiss Collective Action Nixed
• Grassley Probes SEC, JPMorgan Contact In Bear Deal
• Brokers Ask To Notify Class In TD Bank FLSA Suit
• SEC, FASB Propose GAAP Changes To Treasury
• Fund Manager Pleads Guilty To $7M Swindle
• Travelers Appeal Nixed In Refinery Fire Benefits Case
• MetLife Counters Claims In Paycheck Deduction Spat
• AIG To Freeze Payout To Ex-CEO Amid Cuomo Probe
• BP Plan Sues Northern Trust For Securities Lending
• AmEx Can't Compel Arbitration In Price-Fixing Case
• PCAOB Unveils New Risk Assessment Standards
• No Payday For Insurance Co. In 9/11 Case: 2nd Circ.
• Treasury Describes Details Of Capital Purchase Plan
• Sens. Ask If Banks Are 'Hoarding' Bailout Billions
• FHFA Steps Into Fannie Mae Litigation
• FDIC May Yet File Claims Against Washington Mutual
• Class Cert Grant Prompts Mediation For Capital One
• Solar Panel Maker Sues Lehman, Barclays
• Optionable Shareholder Suit Dead In The Water
• As Mandated, FDIC Takes Center Stage Amid Crisis
• K&L Gates Adds NY Litigator And 2 From Dallas
• Disney Seeks Examiner To Probe Lehman's Transfers
• Private Equity Investment: Navigating The Mine Fields
• AAI Urges Govt. Vigilance Of Bank M&As
• FINRA Uneasy Over Stock Closing-Price Swings
• BofA Looks To Settle One 'Keep the Change' Suit
• Lehman's $3.4B Property Fund To Seek New Sponsor
• AIG Halts Lobbying Against Mortgage Reforms
• Insurers Beat Indemnification Claims In High Court
• Citigroup Wins $364M Verdict Against Parmalat
• Hedge Fund Analyst Settles Insider Trading Suit
• Cuomo, Garcia Investigating CDS Markets
• Skinner Ch 11. Case Still OK To Proceed: 3rd Circ.
• ARS Suits Against JPMorgan Consolidated
• AIG Works With NY AG To Recover Bonuses
• Morgan Stanley Seeks $50M Deal With Advisers
• MedCap Settles SEC 'Portfolio Pumping' Action
• Axed Employee Can't Hide Behind FMLA: Judge
• Title Insurers Face Another Antitrust Class Action
• Bank Tie-Ups Spur Debate Over Competition Impact
• McCreevy Calls For Scrutiny Of Derivatives Market
• Simpson Thatcher Payday For Bailout Work: $300K
• EU Aims To Revamp Postwar Financial System
• US Launches Wide-Ranging Probe Of WaMu
• WaMu Trustee Names Creditors Committee
• Jurors Reveal Prejudices On Housing Crisis In Survey
• Business Financial Seeks OK For $17M Settlement
• Crisis Likely To Spark New Strategies In ERISA Actions
• SEC Agrees To Securities Classification Change
• SEC Extends Short-Sale Reporting Rules Until Aug. '09
• Lehman Brothers Targeted In Three Grand Jury Probes
• Emergency Act Leaves Many Unanswered Questions
• 2nd Circ. Revives Houlihan Lokey's $16M Fee Bid
• Congress Eyes CDS Regulations Amid Market Turmoil
• Lehman Seeks To Stanch Loss By Restricting Trades
• Heller Closeout Guru Heading For Jones Day
• Judge Taps Lead Plaintiff, Counsel In Wachovia Case
• Congress Seeks 'Broad Reform' After Bailout
• H&R Block Sued Over Broker's Role in Ponzi Scheme
• FINRA Fines SunTrust Over Fee-Based Accounts
• Securities Class Actions Against Financial Institutions
• Ex-SEC Chief Calls For Stricter Market Regulation
• Lawyer Sanctions Denied In HSBC Overtime Case
• Judge Rejects Invalidity Bid In Online Payment Suit
• Cuomo Exhorts AIG To Take Action On Exec Bonuses
• Italian Antitrust Officials To Probe Barclays Bank
• MDL Panel Denies ARS Consolidation Request
• Barclays Files Plan In LandSource Ch. 11
• Visa, MasterCard Settle Discover's $6B Antitrust Suit
• Bank In Pacific Northwest Settles Securities Action
• Insurance Co. Sales Leaders Are Employees: 5th Circ.
• Judge Orders Banks To Honor Hexion-Huntsman Deal
• Fremont General In War Over Exclusivity Extension
• The SEC's Bid To Save Fair Value Accounting
• Davis Polk, Wachtell Rebuff Treasury's Advances
• Wells Fargo Fights To Stave Off Citigroup Damages
• Wachovia to Pay Over $178M To Settle RICO Suit
• Wave Of Subprime Suits Worries Finance Sector
• Plaintiffs Push $43M Deal In Iridium Securities Suit
• MasterCard's Scheme Fees Draw EU Review: Report
• Aussie Regulator Sues KPMG Over Collapse
• Clearinghouse Needed to Regulate CDS: Experts
• OIG Slams SEC For Lapse In Regulating Bear Stearns
• Overstock, Gradient Analytics Reach Settlement
• Tangled In $3B Fraud Suit, Petters Files For Ch. 11
• Lawyers' Role In Bailout Becoming Clearer
• Fidelity Ex-Execs Reach SEC Deal Over Misconduct
• WaMu's List Of Unsecured Creditors Grows Longer
• Bankrupt Jeweler Ordered To Cough Up Information
• Wells Fargo Wins Wachovia, But Legal Woes Continue
• AIG Reaches $70B Mark In Federal Reserve Loan
• Lehman Credit Default Payout Could Set Record
• Jury Awards $31.8M Against KPMG In Negligence Suit
• Wachovia Slams Levitt & Sons' Exclusivity Bid
• Execs Can Testify In Discover Antitrust Suit: Judge
• Ex-General Re Lawyer Faces Life Behind Bars
• Girard Gibbs Takes Helm In Deutsche Bank ARS Suit
• How To Cut Risk Of Dealing With A Defaulting Lender
• Lehman Seeks To Pay Weil Up To $950 Per Hour
• Fed Gives AIG Another $37.8B
• Lehman Sheds Another Asset
• Bailout's Executive Pay Curbs Still Raise Questions
• White House Says Govt. May Buy Into Private Banks
• The Show Business Of Litigation
• Class Counsel Gets $7.3M In Fees For AIG ERISA Case
• Cox Urges Congress To Regulate Credit Default Swaps
• Court Affirms Precedent To Spare Countrywide Board
• Citi, Wells Fargo OK Another Wachovia Cease-Fire
• Judge To Review Nixed Delphi Fraud Claim
• EC To Issue Financial Rescue Guidelines
• BoA Settles Some ARS Claims For $4.7B
• Royal Bank Of Canada To Buy Back $800M In ARS
• Pickens Sues Lehman For $59.9M
• Ex-UBS Counsel Settles Cuomo's ARS Claims
• Citigroup, Wells Fargo Agree To Cease-Fire
• New Recovery Laws: TARP Covers Exec Compensation
• Treasury Dept. Lays Groundwork For Bailout Plan
• Court Pinches Claims In Amaranth Futures Suit
• Lehman Cuts Off Severance For Ex-Employees
• Lead Optionable Plaintiff Begs Court For Access
• SEC Report Questions Impartiality Of Pequot Probe
• Judge Nixes Wells Fargo's Bid To Toss FLSA Suit
• Crisis A Boon For Distressed Debt Buyers: Survey
• PwC Agrees To Cough Up $97.5M In AIG Case
• High Court Wants Input On Filing Deadline Case
• BofA Tackles Countrywide Cases With $8.4B Plan
• Goldman Sachs Faces More ARS Flak
• Opinions Of Counsel: Their Utility As A Defense
• Citigroup Sues Wachovia, Wells Fargo For $60B
• House Oversight Committee Grills Lehman CEO
• Merrill, Fred Leighton Spar Over Jewels
• Lehman Creditors Question JPMorgan's Role
• Heads May Roll In Wake Of Financial Collapse
• The Credit Crunch: International Regulatory Response
• As Court Clears WaMu's Motions, $5B Question Looms
• Capital One Settles U.S. Trustee Suit Over Bad Claims
• Crisis Prompts Employees To Review The Fine Print
• Judge Bars Wells Fargo Takeover Of Wachovia
• Pace of AIG's Borrowing Shocks Experts
• Judge Faults Questionnaire In Discover Antitrust Suit
• Creditors Fret As WaMu Evaluates Its Total Assets
• Judge Keeps ERISA Suit Against State Street Alive
• Visa's Reconsideration Bid Granted In Discover Suit
• DOJ Eyes Criminal Claims In ARS Market Probe
• Senator's 'Bankrupt' Comment Spooks Insurers
• Short-Sell Ban Extended As Capitol Hill Eyes Bill
• Mark-To-Market Shift Could Raise Lehman's Value
• The Financial Crisis Is About Fear, Not Greed
• SEC Sues Two Men For Alleged Investment Scheme
• Lehman Moves To Sell Off Energy Co. For $230M
• Facing Losses, Farmer Mac Raises Capital
• Bank Wants Funds From $18.5M Lehman Account
• Layoffs Likely To Spark Legal Wrangles
• Audit Firms Warn Against Suspending Mark-To-Market
• Bailout Still In Doubt As Spotlight Shifts To House
• 'Basic' Standard Applies To Analyst Reports: 2nd Circ.
• SEC Mum On Possible Extension Of Short-Selling Ban