Banking Archive » July, 2009

Banking - July, 2009

215 articles

• New Criminal Charges For WexTrust Ponzi Schemers
• Say-On-Pay Bill Passes House Along Party Lines
• Fraud Suit Against US Pension Trust Heads To Trial
• WARN Suit V. Sun Belongs In District Court: 3rd Circ.
• Amazon, JPMorgan Settle Data Encryption Patent Suit
• CalPERS Denied Bid To Appeal Lead Plaintiff Status
• Sentinel Trustee's BoNY Suit Lacks Standing: Judge
• Ex-Seidman Partner Pleads Guilty To $20M Fraud
• Drinker Biddle Adds Alston Investment Attorney In DC
• Nadel Investors Seek Cert. In Holland & Knight Suit
• Top TARP Banks Paid Out $32.6B In Bonuses: Cuomo
• NCMIC Awarded $1.5M In Trade Secrets Case
• Banks' Losses To Boy Band Mogul Not Covered: Court
• Senate Probes Financial Giants Over Mortgage Crisis
• Creditor Objects To Lehman's $625M Aurora Deal
• Realty Finance Co. Wins Dismissal Of Suit Over IPO
• Top House Dems Unveil OTC Derivatives Principles
• Brokerage Legent Loses Bid To Toss Margin Fraud Suit
• American Home Bid To Revive Lehman Suit Fails
• Chemtura Creditors Take On Citibank Over Transfers
• Senate May Ban Carbon Derivatives Trading: Kerry
• Stay Rejected In Albertsons Insider Trading Cases
• Lehman Took $41.5M In Collateral: Lending Agency
• Will There Be An Onslaught Of ARS Litigation?
• GE Shareholder Actions Over Finance Unit Linked Up
• No Class Cert. For Deutsche Fraud Suit: 9th Circ.
• Former Del. Chancellor To Join Paul Weiss As Partner
• Class Cert. Denied In BankAtlantic ERISA Suit
• SIPC Trustee Sues Ruth Madoff For $45M
• Settlement OK'd In Dispute Over WaMu Savings Plan
• Judge Blasts SEC For Pursuit Of Merchant Fraud Suit
• Ex-Wachovia VP To Pay Fine In Manipulation Deal
• NJ Goes After Merrill Lynch Over $300M Stock Sale
• Stanford Receiver Presses On With Clawback Push
• House Bill Calls For Greater Proxy Transparency
• Case Study: South Cherry Street V. Hennessee Group
• House Committee Gives Thumbs-Up To 'Say-On-Pay'
• BofA Settles Parmalat Action With $100M Payout
• Ex-Blank Rome Atty Suit Against Cross County Survives
• RealTime Continues Data Patent Litigation Rampage
• CFTC Chief Backs Position Limits On Energy Futures
• WaMu Gets OK To Proceed With JPMorgan Probe
• SEC Wins TRO, Asset Freeze In $50M Ponzi Case
• Merrill, UBS Fined Over Closed-End Fund Sales
• Adelphia Auditor Fails To Get Punishment Tossed
• Protecting Consumers: State Suits, National Banks
• Thomas Weisel Announces FINRA ARS Probe
• Antitrust, Other Claims Cut In Credit Scoring Case
• SEC, 'Chinese Warren Buffett' Reach Interim Deal
• Tyco Moves To Toss Market Maker's Fraud Case
• Sun Capital Granted Temporary Relief From Receiver
• Schumer Urges SEC To Look Into Flash Trading
• WG Trading Principals Charged With $554M Fraud
• Banco Sabadell To Buy Up Mellon United
• Tronox Creditors Target JPMorgan Over Spinoff Debt
• CIT Group Puts Pressure On Bondholders
• Zurich Eyes Quick Win In Actuary Firm Coverage Suit
• Receiver, Stanford Execs Fight Over $50M D&O Policy
• CSM Sues Morgan Stanley Over Copyrighted Reports
• Bid To Axe Phillips Nizer In GM Building Spat Denied
• China Issues New Monopoly Rules For Financial Cos.
• MBNA Shareholder Derivative Suit Settled For $7M
• SEC Approves Exemptions For 2 CDS Clearinghouses
• Another Settlement Offer Filed In Amaranth Case
• Forex Liquidity CEO In Contempt Over $7M Assets
• Adelphia Lenders Can Depose Rigas, Son: Judge
• A Bear Market Lesson About Bullish Projections
• Cendant Loses Appeal Of $98M Judgment
• Former PEMGroup Head Pang Faces Criminal Charges
• Scottrade Seeks To Reopen Modern Energy Suit
• RealTime Hits Exchanges Over Data Compression IP
• Obama Unveils Rules For Systemic Risk Regulation
• CIT Bond Advisers Back Prepackaged Bankruptcy
• 1st Circ. To Revisit SEC Case V. Columbia Execs
• 2nd Circ. Affirms Class In Flag Telecom Suit
• Obama's Broker-Dealer Reform Package
• SEC Proposes Bar On Pay-To-Play Pension Schemes
• CFTC, SEC Eye Joint Regulation Of OTC Derivatives
• Litigators Leave DLA Piper For Philly-Based Firm
• Stanford Receiver Tries To Unload Private Equity
• Colonial BancGroup Derivative Suit Gets The Boot
• Lyondell Creditors Get OK To Sue Over Basell Buyout
• Reed Smith Snags WilmerHale Hedge Fund Honcho
• Ex-Credit Suisse Broker Cops To $1B ARS Fraud
• SEC Hits Perry With Merger Arbitrage Fine
• Ex-NJ Banking, Insurance Head Joins Kramer Levin
• $3B Cash Injection May Not Keep CIT From Falling
• DC Circ. Tells SEC To Re-Examine Annuity Rule
• PwC Associates Gun For Nationwide Cert. In OT Suit
• DOJ Seeks DTCC Info In Credit Default Swap Probe
• Obama Sends Rating Agency Reform To Capitol Hill
• WG Trading Exec Pleads Guilty In $554M Fraud Case
• Forex Capital Found Not Liable For Broker's Fraud
• SEC Slaps Morgan Keegan With ARS Suit
• MSG Unit Fights For $7.6M In WaMu Theater Spat
• Obama To Tap Sommers For 2nd CFTC Term
• SEC Fights Stanford Receiver's Clawback Efforts
• Morgan Stanley To Pay Penalty Over SEC Claims
• TD Ameritrade To Buy Back $456M In ARS
• JMS To Cough Up $2.88M To Settle Brokers' OT Action
• Investors Say CIT Lied About Risks
• Hedge Fund Hit With Suit Over Madoff Investments
• Finance Sector Main Target For Securities Suits: Study
• New Century Tries To Rescue Nixed Liquidation Plan
• NY AG Targets Charles Schwab Over ARS
• Hedge Fund Manager Tom Gets Year In Prison
• PwC To Pay $23M To Settle Lancer Fraud Claims
• How The Supreme Court Should Resolve Bilski
• Appeals Court Favors Putnam In Pension Fund Suit
• House Committee To Consider Say-On-Pay Legislation
• US Shipping Deal With Blackstone, Cerberus OK'd
• DataTern Settles Remaining Claims In Database Suit
• Plaintiffs Sanctioned In National Century Suit
• Most BofA Mini Visa Card Patent Claims Invalidated
• Madoff's Accountant Pleads Not Guilty To Charges
• First Residential Wins Bid To Decertify FLSA Action
• EU Vs. US — Reforming The Securitization Market
• Malpractice Suit Against 3 Law Firms Gets 2nd Life
• Insurers Fight Inclusion Under CFPA Oversight
• SEC Wants Munis To Feel More Like Stocks
• JPMorgan, WaMu Forum Feud Escalates
• DOJ, Financial Data Co. Confirm CDS Antitrust Probe
• Without Cash, CIT Teeters Toward Bankruptcy
• Delphi Bondholders Object To Proposed Asset Sale
• Accredited Settles Investor Securities Suit For $22M
• Receiver Goes After Stanford Investors' Profits
• Israel's Jail Time Upped For Getaway Stunt
• SEC Seeks To Enjoin Fund Over Ties To Ponzi Case
• CalPERS Sues Rating Agencies Over $1B In Losses
• Lloyds, Credit Suisse Sanctioned In Discovery Spat
• JPMorgan Accountants Seek OT Class Status
• Creditors Win Bid To End Fremont Plan Exclusivity
• Hedge Funds' Bid To File Rival Lehman Plans Thwarted
• 2nd Circ. Upholds Dismissal For Bayou Advisers
• SEC Targets 11 With Insider Trading Claims
• White House Unveils Hedge Fund Regulation Bill
• Insider Trading Charge Stands For Bear Stearns Exec
• Asset Freeze Continues Against Embattled Financier
• Fugitive Ex-Credit Suisse Broker Arrested
• Citigroup Ordered To Pay $2.3M Over ARS
• Firms Vie For Lead In Oppenheimer Muni Bond MDL
• Hedge Fund Paramount's Assets Frozen In Fraud Suit
• Austria Sent To Court Over €42M In Aid To Insurer
• CDO's Credit Default Swap Suit V. Wachovia Trimmed
• Hunton Litigation Team Moves To Winston & Strawn
• SEC Considers New Rules For Credit Rating Industry
• Citigroup Deal With Wachovia Unenforceable: Judge
• Atty Says Ex-Stanford Exec Plans To Plead Guilty
• Ex-Mayer Brown Bigwig Convicted In Refco Fraud
• EU Moves To Curb Bank Bonuses That Fuel Risk
• Morgan Stanley Settles Fuel Price-Gouging Probe
• Travelers Must Fund Heparin Defense: Equity Firm
• Deal Between GM, Delphi Gets Judge's Approval
• NJ Asks To Seek Remand Of Lehman Case In 3rd Circ.
• Pliant Appeals Denial Of Exclusivity-Period Extension
• 3rd Circ. Nixes Equity's Appeal Of CFTC Fraud Case
• 5th Circ. Says KPMG Suits Were Rightly Tossed
• Treasury Offers Bank Warrants For Bargain: Report
• Hedge Fund Hit For Pumping $2B Into Ponzi Scheme
• 9 Tips For Raising Money In Today's Market
• Ameriprise To Pay $17.3M To Settle REITs Dispute
• Apollo Files Rival Restructuring Plan For Pliant
• Madoff Trustee Reports $1B Recovered
• UBS, Jefferies Make Peace Over Talent Raid
• Accused Fraudsters Told To Pay $30M In SEC Suit
• WaMu Blasts JPMorgan 'Forum Shopping' Bid
• 1 Juror In Refco Atty Trial Claims Threat By Another
• PIMCO Loses Bid To Decertify Class In Antitrust Action
• Morgan Stanley Plaintiffs Ask Judge To Rethink Halt
• Stanford To Stay Behind Bars Until Trial, Judge Rules
• Lehman Racks Up $263M In Professional Bills
• Citadel Slaps Ex-Workers With Trade Secrets Suit
• IRA Holders Sue Conn. Bank Over $60M Madoff Loss
• EPC Seeks Stay In BofA 'Keep The Change' Suit
• SEC Seeks Fines In Hedge Fund Kickback Case
• Quality Stores LBO Payouts Exempt From Suits: Court
• Feds Say Dreier Deserves 145 Years Behind Bars
• National Insurance And Financial Regulatory Reform
• UK Moves To Regulate PPI Market
• Clients Accuse Highland Of Spreading Lies
• $4B Litigation Over Credit Reports Gets The Boot
• Six At Sky Capital Charged Over $140M Fraud
• Mortgages Ltd. Trustee Slams Greenberg's Fee Bid
• 9th Circ. Upholds Nixing Of Countrywide OT Class Bid
• SEC Accuses Texas Co. Of $485M Ponzi Scheme
• Stanford Calls On Judge To Rethink Detention Order
• Accused Ponzi Schemer Pang Asks To Toss SEC Suit
• No D&O Coverage For Indicted Bank Director: Court
• Wells Fargo Calif. OT Class Status Reversed
• NY Reaches Deals With Credit Suisse, Merrill Over ARS
• HSBC Takes Aim At Bally's Disclosure Statement
• Fed Would Be Independent Risk Regulator: Vice Chair
• Hartford Claims Ex-Exec Raided Lucrative Division
• BofA To Pay $7M To Settle Discrimination Suit
• Discovery Over For Credit Suisse In Ponzi Case: Judge
• EU Outlines Potential Derivatives Reforms
• BofA Fires Back In Personal Bankers OT Action
• Geithner Trots OTC Reform Plan Before House
• Court Allows Rival Plan In Pliant Bankruptcy
• Insurance Brokers Accused Of Aiding Stanford Plot
• Blank Rome Adds Securities Partner From Clifford
• Lehman Creditors Ask To Curb Probe Of Barclays Sale
• United Guaranty, Countrywide Suit Lands In Calif.
• Nadel Investors Defend Suit Against Holland & Knight
• Class Leads Picked For BofA-Merrill Buyout Battle
• Perfect Storm: Law Firm Insolvencies, Jewel V. Boxer
• WaMu, JPMorgan Still Fighting Discovery Battle
• Insurance Regulator's Mizuho Suit Kept In Fed. Court
• Accredited Home Sale To Vericrest Gets Judge's OK
• Adelphia Trust Must Produce Deloitte Suit Testimony
• Stanford Financial Ex-CFO To Cop To Charges: Atty
• UK Fund Group Wants Tighter Post-Madoff Rules
• Stranger-Owned Insurance Scheme Cases Sent To Fla.
• Trial Ordered Over JPMorgan Role In Enron Dispute
• Fund Adviser, Cuomo Settle Pension Probe For $2M