Banking Archive » April, 2009

Banking - April, 2009

202 articles

• AmEx, Visa Gift Card Claims Construction Upheld
• Senate Kills Mortgage 'Cramdown' Amendment
• SEC, AG Cuomo Take Aim At Aldus Equity Founder
• MBIA Sues Merrill Over Credit Default Swaps
• Ex-Citigroup Banker Charged With Insider Trading
• Claims Tossed Against 34 In Muni Bond Antitrust MDL
• Madoff Feeder Fund Blasts Mass. Fraud Claims
• 11th Circ. Ships KKR-Huff Battle Back To State Court
• Reducing Discovery Costs With Rule 502
• BofA Chair Ousted Amid Calls For Info On Merrill Deal
• Beverly Hills Hedge Fund Manager's Assets Frozen
• Moody's Loses Bid To Reconsider Loss Causation
• Ex-Hedge Fund Exec Pleads Guilty To Conspiracy
• Mass. To Probe State Street Over Risky Securities
• German Lehman Bros. Affiliate Files For Ch. 15
• EU Reveals Draft Plan For Hedge Fund Regulation
• Apollo Group Approaches BPP Over $447M Deal
• US Balks At Bail For Alleged Ponzi Schemer Cosmo
• Justices Skeptical Of Cuomo's Bid To Probe Banks
• Fifth Third, JPMorgan, HomeBanc Settle Loan Spat
• Adaptive Loses Bid To Add Partner To Overcharge Suit
• SEC Sues Ex-UBS Trader's Hedge Fund
• Deutsche Bank Securities Plaintiffs Seek Lead Status
• Hedge Fund Bill Only Restores SEC Oversight: Sen.
• WaMu Sues JPMorgan For Return Of $4B In Deposits
• Charter Creditors Want In On JPMorgan Default Suit
• Investors Add Fraud To Suit V. Madoff Feeder Fund
• Former Lehman Exec Joins Sidley Bankruptcy Team
• SEC Accuses Danny Pang Of Massive Securities Fraud
• Proposed Class Regains Lost Ground In Amaranth Suit
• Lehman Unit Sues CDS Partner To Recover $46M
• Quadrangle Investors Stalwart Amid Agent Fee Probe
• FINRA BrokerCheck Sets Sights On Former Brokers
• Exec Dodges Contempt Order In $25M Ponzi Case
• High Court Won't Hear 1st SOX Whistleblower's Case
• Fed's Bank Stress Tests Focus On Equity Levels
• HomeBanc Trustee Looks To Hire Special Counsel
• Charges To Proceed V. Swiss Financiers Over Madoff
• Clawback Letters To Madoff Victims Spark Concern
• Vegas Developer Sues For $3B Over Failed Loan
• Heller Creditors Can Sue Banks Over $51M: Judge
• Fund Manager Indicted Over $150M Ponzi Scheme
• JP Morgan Sues Over Check Processing Patents
• Fiserv Knew Madoff Was Shady: Class Action
• New Bidders Vie For Madoff Trading Unit
• Wells Fargo's Suit Over Fraudulent Policies Stands
• Carlyle Settles IT Group Investors' Suit For $3.4M
• EU Passes Rule Targeting Ratings Agencies' Failures
• Calif. AG Sues Wells Fargo Over $1.5B In ARS
• Inhofe Pushes For TARP Spending Transparency
• Mann Frankfort Covenant Enforceable: Texas Court
• Freddie Mac Acting CFO Found Dead In His Home
• SEC Takes Adviser To Task For Endorsing Bayou
• Ex-Broker Pleads Not Guilty In Dreier Fraud Case
• Squawk Box Traders Found Guilty Of Conspiracy
• Placement Agents Under Fire In NY Pension Scandal
• Bayou Exec's Brother Gets 21 Months, $60M Fine
• Antiguan Stanford Liquidators Seek OK For Ch. 15
• 2 Claims Survive In $252M BofA Stock Transfer Suit
• Judge Freezes $137M In Lehman CDS Claim Spat
• Doha Bank Branch To Pay $5M Over DOT Claims
• What New GTLD Names Mean To Banks
• Funds Took $255M Before Madoff Collapse: Trustee
• Sens. Seek Subpoena Power For TARP Watchdog
• 2nd Circ. Lifts Sanctions Against Dorsey & Whitney
• Alliance Trustee Ends GMAC Mortgage Servicing Deal
• 2 More Suits Over Madoff Losses Hit Funds
• Lead Plaintiff Tapped In Investors' Case V. Solar Co.
• Duane Morris Snags Seyfarth Corporate Finance Pro
• TD Banknorth Puts Up $50M To End Shareholder Case
• NYC Comptroller To Probe Quadrangle-Morris Link
• Bankrupt Student Lender Sued Over ARS Involvement
• Credit Crunch Pushes TitleMax Into Bankruptcy
• SEIU Fund Challenges $5B Plus In Exec Pay
• Trade Secrets Theft Not 'Protected Activity:' Court
• AHM Reserves $1.7M For WARN Claims
• Bid For Madoff Involuntary Bankruptcy Gets Blocked
• SEC Hits Investment Firm With $23M Fraud Suit
• Morgan Peabody CEO Used $9M To Line Pockets: SEC
• Stanford Wants 5th Circ. To Weigh In On Asset Freeze
• Bankrupt Lender Fremont Settles With Mass., Calif.
• Valvoline Maker Lodges ARS Suit Against Oppenheimer
• Allstate Op-Ed Sparks Probe From NY Insurance Head
• BearingPoint Gets OK For $350M Sale To Deloitte
• United Rentals Shareholders Refile Suit Over Deal
• Ex-GMAC Chair Talked To Madoff Investigators: Court
• Rattner Linked To NY Pension Fund Kickback Probe
• Amendment OK'd In Delphi Case
• Overtime Class Action V. Wachovia Nixed
• Broker's Market Timing Was Deceptive: 5th Circ.
• PEMG Deal With Ex-Boss Included Media Gag: Atty
• Insurance Companies On Offense
• WaMu Hires Consultant To Perform IP Valuation
• Stanford Advisers Hit With $40M Commissions Suit
• Judge Won't Reconsider Denying Class In AmEx Case
• 2nd Circ. Revives Esquire Case Against CBQ
• UK Firm To Liquidate Antiguan Stanford Unit
• MBIA Wants Radian Claims Sent To Arbitration
• Citigroup Sold ARS After Market Collapsed: Suit
• Stress Tests Could Provide New Headaches For Banks
• Apollo Founders Can't Escape Suit Over Dead Merger
• 1031 Tax Group Creditors Look To Retain Cozen
• Arbitration Ordered In $6M Suit Over E&O Policy
• Quinn Emanuel Lures Akin Gump Litigation Co-Chair
• Oppenheimer Investors Vie For Lead Plaintiff Status
• Court Finds $200M Market Timing Payout Sufficient
• 'Mezz' Lending — What Is It, How Does It Work?
• Citi, Wachovia To Pay $878M To Settle ARS Probe
• Weil Gotshal Submits $55M Bill In Lehman Ch. 11
• Investor Sues MassMutual Fund Over Madoff Losses
• Investors In Texas Ponzi Scheme To Pay Back Profits
• Magna Balks At Hedge Fund's Bid For Examiner
• Hedge Fund Boss Pleads Guilty To Pension Kickbacks
• Broker Loses Bid For Reconsideration In Fraud Case
• Broker Indicted For Alleged Role In $40M Scam
• Investment Co. Returns Fire In SOLI Fraud Case
• Subprime Litigation — Where Are We Now?
• Refco Trustee Claims V. PwC, Mayer Brown Dismissed
• Bankruptcy Lawyer, Obama Adviser Joins DLA Piper
• Ex-Tyco Bosses Take Convictions To Supreme Court
• Madoff UK Fund Files Ch. 15 To Recover Assets
• Carlyle Faces Probe Over $1.3B Investment Scheme
• SEC, Broker Strike Deal Over Gas Options Inflation
• Trustee Makes Grab For Alliance Bank Account Info
• Review Of BofA Disclosures Is Under Way: SEC
• Ore. AG Sues OppenheimerFunds Over $36.2M Loss
• Attys Chided For Revealing Sealed Info In Visa Case
• PNC Unit Settles TQP Data Encryption Patent Suit
• Visa, Google, BofA Sued Over Online Payment Patents
• Trustee Objects To Deloitte's Role In Primus Ch. 11
• Investors File Ch. 7 Petition Against Madoff
• SEC, Ex-Fidelity Director Settle Insider Trading Case
• Sonnenschein Lures Wilson Sonsini White Collar Vet
• 8th Circ. Revives Mutual Fund Fee Suit V. Ameriprise
• The Problems With The Mortgage Bailout Plan
• JPMorgan Workers Get OK To Use E-Mail In OT Suit
• Bankrupt Polaroid Snaps Up Higher $73M Bid
• Stanford Ex-CFO Davis May Begin Plea Talks: Atty
• Patton Boggs Adds Finance Pro From Lehman Bros.
• Agents Sue Brooke Lending Arm For Fraud, RICO
• 5th Circ. Affirms Dismissal Of Securities Beef V. TXU
• Deloitte 'Faithless Fiduciary' Suit Gets Green Light
• EU Probes Dutch Aid To Fortis Amid Economic Crisis
• Insider Trading Claims Cut For Ex-Countrywide Execs
• UK Hedge Funder To Pay $3M For Alleged $15M Scam
• Ex-White House Counsel Moves Back To Morgan Lewis
• Law Firm Sues State Street Over Risky Lending
• JPMorgan, Zurich Settle Over WaMu Loan Defects
• Claims Pared In M&T's $82M Suit V. Deutsche Bank
• NovaStar ERISA Suit Gets Class Action Status
• $400B Apartheid Case Against UBS, Barclays Trimmed
• SEC Fights Effort To Push Madoff Into Bankruptcy
• Mayer Brown Bids To Toss Final Claim In Refco Suit
• Sale Set For Madoff's Market-Making Unit
• Corus Bankshares' Future Looks Grim: Auditor
• CFTC Accuses Fla. Firms, 3 Men Of $17M Fraud
• First Bank Sues Chubb Unit For $5M After Data Breach
• 5th Circ. Won't Unfreeze Stanford-Controlled Funds
• Mutual Funds Sue MBIA Over Public Bond Unit Split
• Mortgage Lenders Gets More Time To Sue RBS
• JPMorgan Escapes ATM Fee Antitrust Battle
• Conn. AG Probes $400M 'Reward' To Rating Agencies
• Kilpatrick Stockton Brings On Former SEC Official
• Morgan Lewis Nabs 2 Litigators From Blank Rome
• Claims Added To Subprime Negligence Suit V. Citi
• Kucinich Demands SEC Probe Into Merrill Bonuses
• 'Chinese Warren Buffett' Ran $75M Ponzi Scheme: SEC
• Charter To Seek Dismissal Of JPMorgan Suit Over $8B
• Ex-GMAC Chairman Faces Charges Over Madoff Plot
• Bank Joins Effort To Nix Tronox Ch. 11 Equity Panel
• Investors Seek Access To Funds In Stanford Suit
• Wash. Hits Wachovia With ARS Fine
• Shareholder Suit Against Vanguard Tossed
• Ex-Workers Lose Appeal Of Claims V. First Magnus
• Visa Europe Chastised Over 'Anti-Competitive' Fees
• Gen Re Unit Ex-CEO Banned From UK Bank Industry
• $586M Deal Reached In IPO Securities Case
• Lehman Fights To Keep 'Erroneous' €58M Payment
• Texas Instruments Sues Brokers Over $524M In ARS
• Citigroup And The Duty To Manage Risk
• Madoff Brother Gets $10K Monthly Allowance: Judge
• Clients Target Fiserv Over Losses In Madoff Scheme
• Lehman, BofA Drop 1 Issue From $509M Setoff Fight
• Ponzi Schemer Settles With CFTC For $86M
• FASB Approves Mark-To-Market Rules Changes
• House OKs Bill Linking Executive Pay, Performance
• Rep. Demands Probe Of AIG Debt Payments
• BofA, Merrill Settle TQP Data Encryption Patent Suit
• 6th Circ. Tosses Antitrust Suit V. Equifax
• FINRA Can Sue Ex-Member To Collect Fines: Judge
• Journal Register, JPMorgan Protest Creditors' Probe
• Telecom's Merger Fraud Suit V. JPMorgan Tossed
• Consent Decree Approved In $45M Loan Scam Case
• Customers Move To Force Madoff Into Ch. 7
• Barnes & Thornburg Gets Bankruptcy Veteran Back
• Investment Adviser Ran $55M Ponzi Scheme: SEC
• Class Cert. Granted to Wells Fargo Trust Recipients
• Computer-Intensive Services Under The EPA
• Most Claims Against AmEx In Benefit Plan Suit KO'd
• Waiting On Appeal, MasterCard Cuts Fees In Europe
• Mass. Agency Accuses Madoff Feeder Fund Of Fraud
• New Century Trustee Seeks $1B From KPMG