Banking Archive » August, 2009

Banking - August, 2009

217 articles

• 2nd Circ. Wants More Info On $23M Soybean Ruling
• Merrill Deal With Investors Over BofA Merger OK'd
• Delta Financial Looks To 3rd Circ. In Coverage Spat
• Taylor Bean Gripes At FDIC Over Mortgage Portfolio
• Lehman's UK Administrator Prepares $100B Claim
• Trustee Asks Court For Madoff 'Net Equity' Ruling
• SEC Watchdog Finds Flaws In Rating Agency Audit
• PacWest Acquires Affinity Bank Through FDIC
• Credit Suisse Sues Thornburg Over Collateral Rights
• BGC Hit With $500M Claim Over Tullett Defections
• Jackson Hewitt Seeks To Nix H&R Block Patent Suit
• Forensic Accountants In Competition Litigation
• Guaranty Financial Group Files Ch. 11
• Fannie Investors Try To Make Ex-SEC Official Talk
• Actus, BofA Settle Payment Method Patent Suit
• Mortgage Sources Loan Officers Win FLSA Class Cert.
• Proskauer Rose Targeted In Stanford Ponzi Fallout
• The Exemption Question In Financial Services
• Oppenheimer Plaintiffs' Battle For Lead Heats Up
• 7th Circ. Affirms FCA Suit Toss Due To Atty's Conduct
• Chicago Ed. Board Wants Out Of Lehman Swap Deal
• Citigroup Shareholder Derivative Action Fails
• Fed Asks To Hold Off On Producing Bailout Records
• Stanford Rushed To Hospital As Ex-CFO Admits Plot
• House Panel Calls For Bailout Reports From Treasury
• Citadel Signs Over Lehman Claim To Credit Suisse
• Former Lehman President Files $233M Claim
• Upholding SEC Authority To Discipline Accountants
• Judge Hands Partial Victory To CIBC In Fraud Suit
• $500M UBS Terrorism Suit Tossed For Lack Of Merit
• NYSE Euronext To Buy NYFIX In $144M Deal
• Plaintiffs Seek Class Cert. In Countrywide Case
• LendingTree Sues Software Co. Over Google Deal
• Titan's Assets Frozen In SEC's Ponzi Scheme Suit
• Colonial BancGroup Files For Ch. 11 Amid Probes
• Mayer Brown, Auditors Dismissed From Refco Suit
• United Rentals Shareholder Suit Tossed
• Mediation Ordered In Lehman Derivatives Feud
• FDIC Eases Rules On Private Investment In Banks
• Madoff Feeder Wants Court To Toss Trustee's Suit
• Judge Wants More Answers On Merrill Bonuses Deal
• Deutsche Bank Tops Taylor Bean Unsecured Claims
• SEC Slaps Ex-AIG CFO With 5-Year Ban
• The Scope Of Post-Ponzi Fallout
• Countrywide Wins Approval to Settle Shareholder Suit
• Daewoo To Launch Aussie Unit For $93M Coal Stake
• Stanford Investors Sue HSBC, Others Over Deposits
• Top Clinton Fundraiser Charged With Bank Fraud
• ANZ To Pay US $6M Over Sudan, Cuba Transactions
• Investors Weren't Misled On Merrill Bonuses: BofA
• Downey Financial Shareholder Suit Booted
• Citadel Says Lehman Owes $471M For Derivatives
• Calyon Seeks $1.6B Over Subprime Securities
• Citigroup Argues KV Pharma Knew ARS Risks
• Portfolio Manager Fights To Escape CDS Suit
• Fed Ordered To Cough Up Info On Bailout Loans
• Fund Manager Pleads Guilty To Ripping Off His Family
• BofA, Allstate, Others Hit With Marketing IP Suit
• Stanford To Remain Behind Bars
• Awaiting Clarity On Automatic Stay Provisions
• Sen. Kaufman Calls For Flash Trading Ban
• Lender Taylor Bean Blames Bankruptcy On Regulation
• Madoff Doesn't Have Cancer: Feds
• Merrill Dodges Securities Misrepresentation Suit
• MasterCard To Pay $3M In NZ Interchange Fee Suit
• BofA Settles Merrill Bondholders' Suit For $150M
• Tribune To Put Cubs Into Ch. 11 For $845M Sale
• Partnership Interests Qualify As Securities: DC Circ.
• The Insolvency Of Important Financial Institutions
• Biovail's Hedge Fund Fraud Suit Gets Tossed
• Lehman Says It's Paid Advisers $308M So Far
• Ex-UBS Banker Gets 3 Years For Tax Evasion Scheme
• Heartland Hit With Securities Suit Over Data Breach
• NYSE Gets OK To Lower Public Float Bar To $40M
• SEC Drops Defendant In ISE Insider Trading Case
• UK Court Rejects Lehman European Asset Return Plan
• Mortgage Lenders Of America Hit With FLSA Suit
• Accredited Creditors Stop Objecting To $22M Deal
• Anschutz Sues Banks, Raters Over $59M In ARS
• Ga. Atty Gets 10 Years, $16M Fine For Ponzi Scheme
• Policyholders Claim AIG Not Covering Madoff Fraud
• Judge Keeps ShoreTel IPO Case Alive
• MortgageIT Settles FLSA Suit With Loan Officers
• Citigroup Faces Fraud Suit Over Employee Stock Plan
• Questions For International Accounting Firm Networks
• Countrywide Loan Relief Spat Sent Back To NY Court
• CFTC Hammers At Loopholes In OTC Regulation Plan
• Real Estate Investors Object To LandAmerica Fees
• Deutsche Bank Pulls Plug On New Crude Oil Notes
• Corporate Vet Tapped For Del. Chancery Court Post
• SEC, FINRA Warn Investors Of Fund 'Minefield'
• ICB Real Estate RICO Suit Will Go On: Judge
• Countrywide Workers Seek Class Notice OK
• US, Switzerland Sign Deal On UBS Account Details
• Communicating Effectively When Bad News Breaks
• AmEx, TQP End Data Encryption Patent Spat
• 4th Circ. Denies Venture Capital Fraudster New Trial
• PBGC Takes On IndyMac Bank Pension Plan
• SEC, CFTC Accuse Mak 1 Of $70M Ponzi Scheme
• Allianz's Effort To Toss Annuity Claims Shut Down
• Lenders OK'd To Join $22B Suit Over Lyondell Merger
• Say-On-Pay Proposals Lead Regulatory Reform
• Accredited Creditors Say Deal Will Tank Insurance
• Judge Refuses To Halt Ch. 11 Sale Of Thornburg Unit
• SEC Hits Hedge Fund Honcho With Civil Penalty
• 3rd Circ. Says SEC Must Rule On PHLX Fee Dispute
• Jury Finds Ex-Credit Suisse Broker Guilty
• NY AG Accuses Charles Schwab Of ARS Fraud
• CIT Staves Off Ch. 11 With Tender Offer
• Greenberg Traurig Agrees To Hold Off On 1031 Fees
• Ponzi Here, Ponzi There, Ponzi Ponzi Everywhere
• AHM To Pay Unit Execs $5M To Settle Securities Suit
• SEC Seeks Review Of US Pension Ruling
• IRS Gets 1st Circ. To Limit Work Product Privilege
• Obama Wants Big Banks To Fund New Regulator
• Suit Seeks Return Of Madoff Fund 'Phantom Fees'
• Lyondell Wins Approval To Amend DIP Package
• Lessons In Mortgage Lending, Canadian-Style
• Injunction Ordered Against Millennium Ponzi Suspect
• Creditors Bash Quinn Fees In LandAmerica Case
• Bilski Test Shouldn't Be Sole Standard: Amicus Brief
• WaMu Fights Back In $7.6M Madison Sq. Garden Claim
• 16 Cos. Named PEMGroup Affiliates In SEC Fraud Suit
• CFTC Proposes New OTC Derivatives Class
• Securities Class Clings To $39M Claim In WaMu Ch.11
• Agents' Suit V. Brooke Lending Arm, Banks Quashed
• Plea Spares Madoff CFO Drug, Gun, Tax Charges
• Court Limits Claims In JPMorgan ERISA Class Action
• BofA Sues Ala. Lender Over $1B In Loan Proceeds
• 1031 Tax Group Trustee Blasts $3.4M Dreier Bill
• Approval Sought For ATM Ponzi Scheme Settlement
• Merrill Vows To Fight Charity's Madoff-Related Suit
• New 18-Year Repayment Terms From Ex-Im Bank
• Countrywide Expert Affidavit Nixed In Securities Action
• SEC May Charge Samberg, Pequot For Insider Trading
• Stanford Investors Appeal Interest Freeze On Assets
• Financial Litigator Joins Hinshaw & Culbertson
• Investor Sues BBC Equities Over Alleged $50M Fraud
• AHM Asks To Use D&O Policy In $24M Fraud Deal
• Amaranth To Pay $7.5M In FERC, CFTC Settlements
• An Analysis Of SEC V. Rorech
• Victims Sue Doeren Mayhew Over $250M Fraud
• Court Seeks Details On $33M SEC, BofA Bonus Deal
• Lehman's $70M Collateral Suit Against BoNY Survives
• MJX Fraud Suit Over Citigroup Hedge Fund Quashed
• Wachovia To Buy Back $325M In Pa. Investors' ARS
• Madoff CFO Pleads Guilty To 10 Fraud Counts
• SEC Asks 5th Circ. To Block Stanford Clawback Bid
• Stanford Investors Accuse Broker Of Negligence
• Toxic Asset Threat Remains, Despite TARP: Report
• CIT Delays SEC Filing In Struggle To Stay Afloat
• Huron's Accounting Headaches Grow
• $50M Final Judgment Settles MRT Securities Suit
• Norwegian Cities Accuse Citigroup Of $200M Swindle
• NextCard, HSBC Trim Claims In Credit Card IP Spat
• Knowing Foreclosure Remedies Is The First Step
• DataTern Settles With AmEx Over Database Patent
• Veteran Litigator Jumps To Ruden McClosky
• Northern Trust Escapes Investor's ARS Action
• Alleged Fraudster's Brother Sued Over $50M Plot
• CFTC Settles With Couple Over $23M Ponzi Scheme
• Trustee Objects To Thornburg Asset Sale Termination
• Spat Over Caribbean Telecoms Gets New Home
• FINRA Fines Credit Suisse Over Missing Reports
• JPMorgan Loan Officers Pitch $2.5M Deal In OT Case
• ML Stern, Ex-Brokers Come To Terms In OT Dispute
• Fund Manager To Pay $300K Fine In SEC PIPE Suit
• Point Plaintiff Named In NetBank Securities Suit
• European Financial Bailout Is Working: Review
• JPMorgan Seeks Disclosures From WaMu Creditors
• HVB, Sidley Austin, LeBoeuf Escape Ga. RICO Claims
• Lenders Decry TitleMax Bid For Prolonged Ch.11
• Bilski Test Stifles Innovation Across Industries: Briefs
• Class Alleges ProShares ETF Is 'Defective Product'
• Centerline Derivative Suit Misses Mark Again
• You've Been Served: A Guide For Accountants
• Stanford Brokers Battle Receiver Over D&O Policy
• Willis Group Sued Again Over Alleged Stanford Plot
• 'Keep The Change' Award Stayed Pending Bilski
• Fortis Investors Fail To Block Insurance Units' Sale
• Bilski Test Too Tough On Patent Eligibility: Briefs
• Teva Sues Merrill Over ARS Gone Bad
• Italy Extends Intesa Antitrust Probe Into 2010
• No Duty To Defend For Insurer In AARP Suit: 5th Circ.
• Court Puts Brakes On $33M BofA Settlement With SEC
• Countrywide Investors Spar With Lender Over Expert
• Lehman Settles $85M Loan Spat With Bermuda Unit
• FDIC Sues Baker Botts To Get Bank Fraud Docs
• Borrowers Lose Bid For Panel In Accredited Ch. 11
• $55M Deal Sought In Countrywide ERISA Action
• Ambac Goes After Citigroup Over $2B In CDS
• AIG, PwC Seek Dismissal In AIG Securities Litigation
• Wells Fargo Attacks Calif. Employees' Discovery Bid
• CFTC, SEC Accuse NC Couple Of $23M Ponzi Plot
• Court OKs Class Cert. In Fraud Suit Against Lehman
• SEC Racks Up First Naked Short-Selling Settlements
• Huron Hit With Securities Suit After Execs Resign
• Treasury Vows Hands-Off Reform For Credit Ratings
• Nixon Peabody Nabs 2 For Global Finance Practice
• Elliott Drops Objection To Lehman $625M Aurora Deal
• FINRA Expels Trading Co., CEO Over Short-Selling
• 1031 Owner Gets 100 Years For $126M Fraud
• Fremont, BNY Mellon Settle $14M Wire Transfer Spat
• Quality Home Loans Disclosure Statement Gets OK
• Stanford Lawyer's Withdrawal Bid Held Up For Now
• Class Cert. Bid Nixed In Case Against BDO Seidman
• SEC To Weigh Ban On Flash Trading
• Alcentra Snags $1.53B Rabobank CLO Business
• Eddie Bauer Completes $286M Sale To Golden Gate
• 9th Circ. Overturns CFTC Victory
• Class Cert. Denied In Citibank OT Spat
• AIG Units Say Countrywide Lacks Authority For Claims
• Italy Probes MasterCard, Banks On Interchange Fees
• New Acting Chairman Appointed To PCAOB
• Jones Day Snags Mayer Brown Derivatives Expert
• $3M Insurance Deal OK'd In Lydia Capital Fraud Case
• BofA To Pay $33M To Settle SEC Suit Over Bonuses