Banking Archive » March, 2009

Banking - March, 2009

209 articles

• ARS Cases Against UBS Tossed
• Pleading Auditor Fraud After Tellabs
• The 'Red Flags' Rule: Are You Ready?
• Wachovia, Citi To Buy Back $4.7B In Calif. ARS Deal
• AmeriFirst Exec Settles With SEC Over Fraud Scheme
• NMTCs: An Opportunity In A Bad Economy
• Wash. Enacts Consumer Protection Law For Annuities
• Justices Weigh Price Waterhouse In Mixed-Motive Suit
• Hedge Fund Suit Against Citigroup Over Trading Nixed
• Claims V. TJX Don't Belong In State Court: 1st Circ.
• Acacia Unit Sues P&G Over Videoconference Patent
• Class Cert. Denied In Tying Suit Against AmEx
• No Antitrust Cure-All For 'Too Big To Fail': Experts
• Judge Denies Class In Countrywide Katrina Spat
• Huntsman Under Fire Over $15M Payout To Founder
• Merchants Launch Campaign V. Interchange Fees
• Stanford Exec Sues Proskauer Atty For Malpractice
• Dem Presses Fed, BofA For Merrill Bonus Details
• Toxic Asset Plan Still Light On The Details
• JP Morgan, Western Gas Strike Deal In Antitrust MDL
• Alleged Ponzi Scheme Victims Sue BofA, MF Global
• Lawyers Could Face Madoff Liability Claims
• ING, Others Sue Ailing Freescale Over $1B In Loans
• Bank Loses Bid To Use MFN Status In Enron Suit
• Retirement Plan Suit V. Life Insurers Survives Cuts
• Execs Get Decades For National Century Fraud
• Dancer, Printers Settle With SEC Over Trading Scam
• EU Court Advised To Cut Austrian Bank Cartel Fines
• House Acts To Tighten Oversight Of TARP Funds
• ING Hit With 3rd Shareholder Class Action
• Bill Proposes 'Green Bank' To Finance Cleaner Energy
• Millennium Bank Ran $68M Ponzi Scheme: SEC
• Stradley Ronon Brings On 2 WolfBlock Partners
• SEC Claims Over Unregistered Offering Survive
• Geithner Vows To Change The Financial Game
• BofA, Others Duped By Dealer In $88M Art Scam: DA
• Ex-Morgan Stanley Exec Convicted In Kickback Scam
• Judge Denies Class Cert. In Portage Bank Wage Case
• Bill Aims To Get Treasury To Back Municipal Bonds
• EU Presses Banks To Drop Debit Fees By 2012
• Couple Sue Lehman To Get Back $1.5M In Collateral
• Drinker Biddle Snatches Up 10 WolfBlock Attorneys
• Morgan Stanley To Pay $7M Over FINRA Charges
• Operation Wooden Nickel Leads To Another Judgment
• Chase Sues Over $7.9B In Disputed WaMu Assets
• Hunton & Williams Asked To Turn Over Stanford Docs
• $60B Citigroup Case Remanded Despite Atty Mistake
• BofA Investor Fights To Sack CEO Over Merrill Deal
• Citizens Exec Files Retaliation Suit Over Retirement
• Judge Tosses Bulk Of Securities Suit V. Mayer Brown
• Geithner Wants Wind-Down Authority Over Nonbanks
• Some Claims Against Strong Tossed In ERISA MDL
• Wachovia Units Fined $1.1M For Notification Failures
• Broker Hit With Charges Over $40M Ponzi Scam
• Over $1B Of Madoff's Assets Accounted For: Trustee
• Wash. Mutual Sues FDIC For Billions Over Takeover
• 7th Circ. Tosses RICO Suit Over Winterland Takeover
• Fired S&P Exec Files $20M Sex Bias Suit
• Developers Push For Ruling On $105M Lehman Loan
• Obama Toxic Asset Plan Still Needs The I's Dotted
• WilmerHale Adds Securities Partner From Citigroup
• Wachovia Sues WL Homes, Insurer Over $10.5M Loan
• $1.1M Deal In Aegis WARN Class Action Gets OK
• Madoff To Stay Behind Bars Until Sentenced: 2nd Circ.
• School Blamed For Losses In Alleged $7M Bond Fraud
• Fidelity Claims May Spark Suits In Wake Of Collapse
• Mandatory Electronic Filing Of SEC Form D
• Managing Rumors, Maintaining Communication
• Potential Regulatory Gaps In Energy Trading
• Regulating Conn. Private Investment Funds
• Quinn Emanuel Adds Derivative Transactions Guru
• Wells Fargo Sues Insurer Over $9.7M In Shady Loans
• Luxembourg Madoff Investors Were Fully Aware: UBS
• Credit Suisse Loses Bid To Toss Nat'l Century Suit
• SEC, Cuomo Accuse 2 Of Pension Kickback Scheme
• JPMorgan Belted With Overtime Class Action
• Energy West Sues US Power Fund Over Loan Deal
• Fund Head Dropped Law Firms' Names In Fraud: DOJ
• Lloyd's 'Deserted' Stanford Exec In Ponzi Suits: Atty
• FINRA Sets Margin Rules For Clearing CDS Trades
• Fifth Third, Ex-Employee Strike Deal In OT Action
• 2nd Circ. Sends Back Tiff Over NASD-NYSE Merger
• Sens. Want To Tax, Limit TARP Recipient Bonuses
• Amex On Hook For Ex-CEO's Legal Bills
• Dead NC Trader Accused Of $40M Ponzi Scheme
• Lawmakers Seek To Tamp Down Mortgage Fraud
• Mayer Brown Escapes Refco Securities Fraud Action
• Credit Crunch Felled Record Number Of Hedge Funds
• Madoff Accountant Arrested On Fraud Charges
• Calif. Weighs Crackdown On Banks' Bailout Spending
• District Court Rejects Challenge To Lehman Sale
• SEC Scrutiny Of Hedge Fund Statements
• The Widening Reach Of Securities Regulators
• Disgraced Dreier Hit With Money Laundering Charge
• Parties Argue Bilski In BofA 'Keep the Change' Suit
• Prudential Faces Investor Suit Over Subprime Losses
• Credit Default Swaps In The Crosshairs
• Oil Co. Told To Pay Comerica $4M In Loan Default Suit
• Ex-Bayou Exec Pleads Guilty To Fleeing
• NJ Sues Lehman Execs Over $118M Loss
• Battered Mortgage Lender Thornburg Weighs Ch. 11
• JPMorgan Wins Injunction V. Morgan & Finnegan
• Zurich Wins Spat Over Error-Riddled $10M D&O Policy
• FINRA Fines Citigroup $2M For Reporting Violations
• Valuation Issues For Funds With ERISA Investors
• Hedge Fund Transparency Act: Not So Transparent
• Jackson Hewitt Seeks To Hit H&R Block With Bilski
• FASB To Propose Flexible Mark-To-Market Reading
• House Told DOJ Needs Antitrust Watchdog For Banks
• SEC Gives Chicago Exchange CDS Swap Authority
• Plaintiff Seeks Lead Status In Subprime Suit V. RBS
• ERISA Action Against Wells Fargo Gets Go-Ahead
• Court Dismisses Criminal Charges V. Lehman Judge
• Switzerland To Close Some Bank Haven Loopholes
• Banks, Investors Settle For $9.75M In MBC Suit
• West Coast Life Adds Conspiracy Claims To Fraud Suit
• Hedge Fund Reps Took Broker-Dealer Bribes: SEC
• Madoff Bail Was 'Do Or Die' Under Widening Probe
• Judge Rejects 'Novel' Bid To Sue IPO Underwriters
• EU To Probe Viability Of Dexia Restructuring Plan
• Lehman Wins Bid To Inject $325M Into Loan Servicer
• Securities Fraud Case Over Mortgage Products Tossed
• SEC, Congress Taking Hard Look At Credit Raters
• Futures Pool Founder Ran $11M Ponzi Scheme: CFTC
• Madoff Pleads Guilty; Judge Revokes Bail
• Investors Sue Lehman Unit, Others Over Minibonds
• FASB Chair Has 3 Weeks To Tweak Mark-To-Market
• Aleris Agrees To Delay DIP Hearing For Creditors
• Fed Minutes Shed Light On AIG, Citigroup Bailouts
• Ala. County Debt Soars After JPMorgan Ends Swaps
• Banks' Tort Bids Tossed In Commercial Money Case
• Hong Kong Convicts 5 In 1st Insider Trading Trial
• Stanford Won't Cooperate With SEC $8B Ponzi Probe
• Merrill Hid Bonus Payout Info From Congress: Cuomo
• Bid To Curb Legal Fees Shot Down In US Senate
• PwC Associates Are Nonexempt: Class Action Judge
• Number Of Subprime Suits 'Historic' At 576: Report
• Merrill Pays $7M To Settle Squawk Box Charges
• Schapiro Backs Mark-To-Market, But Wants Changes
• SEC Accuses 2 Investment Groups Of $51M In Fraud
• RCM Fights Polaroid Over Fraud, Trademarks
• NYSE Proposes Rule Change To Limit Vendor Liability
• SEC Seeks $12M From Jail-Bound Investment Mgr.
• Madoff To Cop To Charges Without Plea Deal
• Co-Lead Plaintiffs OK'd In Subprime Suit V. Citi
• SEC May Reinstate Rule Reining In Short-Selling
• Barclays To Top NYSE Traders With Bear Wagner Buy
• New Bank Secrecy Rules Limit Discovery Disclosures
• FINRA Fines Broker For Short-Selling Violations
• Senate Dems Pass $410B Spending Bill
• Lehman Ch. 11 Yields $40M Payout For Firms
• 3 Steps Toward Improving Document Review
• Madoff Trustee OKs Payouts To 12 Investors
• Citigroup Sued For Failing To Repay $120M In ARS
• Dems Push For Federal Financial Products Watchdog
• DC Circ. Revives Retaliation Claim In Bias Suit V. Fed
• Deutsche Bank Sues Ex-Employee For Pinching Clients
• First US-Based CDS Market Opens Its Doors
• Supreme Court Grants Cert To Mutual Fund Fee Case
• Judge Consolidates Suits Over Colonial TARP Funding
• FINRA Moves To Track Federal Bonds With TRACE
• Lehman Bros. Backs Converting Swiss Unit To Ch. 15
• Cuomo, Frank Demand Bonus Details From BofA
• High Court Seeks SG Input In Banking Privacy Suit
• Ex-National Century Exec Drops Claims V. JPMorgan
• Katten Launches Insurance Capital Markets Group
• Still Divisive: PSLRA Discovery Stay
• Madoff Closing In On Deal With Federal Prosecutors
• Recouping Madoff Losses Through Insurance
• Merrill, Barclays Cut From Enron Shareholder Suit
• Reps. Propose Bill To Expand Accounting Oversight
• UK Regulators Turn In Light Touch For Strong Arm
• Economic Downturn Brings Calls For Super Regulator
• Hedge Fund Regulation Now Only A Question Of How
• SEC, FINRA Promise Beefed Up Whistleblower Units
• Momentum Builds For Federal Risk Regulator
• UBS Must Turn Over Madoff Docs: Luxembourg Court
• Creditor Elliott Seeks Bigger Role In Lehman Hedging
• Fund Boss' Conviction Restored In $15M Fraud Case
• Merrill Says Deutsche Bank Poached Financial Group
• House OKs Wider Mortgage Powers For Courts
• Amicus Brief Claims Bilski Test May Hurt Innovation
• IASB Amends Mark-To-Market Rules
• Whistleblowing DVI Lawyer Wins SOX Case
• UBS Escapes BNP's Grasp Over Madoff-Linked €2.5M
• Starr Fails To Get AIG Counterclaim Tossed
• Stanford Clients Sue SEC Over Frozen Assets
• 14 Firms Settle Illegal Trading Charges For $70M
• Court Upholds BofA Win In Trade Secrets Spat
• Mortgages Ltd. Files Competing Ch. 11 Plan
• 2 Insurers Found Not Liable For Refco D&O Claims
• Wells Fargo's Bid For Enviro Damage Coverage Nixed
• Amicus Brief Asks High Court To Ease Bilski Test
• AIG Bailout Makes Me Angrier Than Others: Bernanke
• Pershing Clients Want Funds Freed In Stanford Case
• Class Seeks OK For $10M Deal With PNC Unit
• Loan Officers Seek Class Cert. In H&R Block OT Suit
• Executive Compensation Limits Not Part Of TALF
• Lehman, MetLife Settle Over $1B In Defaulted Notes
• Court Nixes Settlement In BofA Insurance Spat
• Judge OKs $20M Stock Deal In Parmalat Fraud Case
• Investors' Plan Draws Ire In Mortgages Ltd. Ch.11
• DTT Denied Interlocutory Appeal In Parmalat Case
• Stanford Execs 'Borrowed' $1.6B From Investors: SEC
• PwC, NJ Settle Tyco Fraud Suit For $5.8M
• Geithner Defends Budget Before Senate
• AG Edwards Brokers Seek To Divide $12M In OT Deal
• Kanjorski Introduces Bill To Close Madoff Loophole
• Ex-National Century Exec Sentenced To 2 Years