Banking Archive » October, 2009

Banking - October, 2009

280 articles

• 5th Circ. To Take On Dispute Over Stanford Clawbacks
• BancorpSouth, Others Sued Over Message Patent
• Contested $90M State St. Bank, Pension Plan Deal OK'd
• Insurer Foils Advest Claim For Coverage In Fraud Suit
• Minsheng, Las Vegas Sands To Hold Hong Kong IPOs
• Supreme Court Braces For Mutual Fund Fee Fight
• Understanding Bandone V. Sol Properties
• JPMorgan Wins $22M From Insurer In WorldCom Spat
• Ch. 11-Bound CIT Group Strikes Deal with Icahn
• US Charges Calif. Firm In Bond Bid-Rigging Probe
• Madoff Accountant To Plead Guilty To Fraud Charges
• Bank Leumi Wins Dismissal Of ARS Fraud Suit
• Comerica Faces Class Action Over Sigma Finance
• Sovereign Balks At Terms Of Taylor Bean DIP Funding
• Mezzanine Lending Up, But Takes Expertise: Attys
• American Home CFO Loses SEC Discovery Feud
• 3rd Circ. Affirms Investor Class Against Constar
• Travelers Tries To Nix Bank's Madoff Coverage Suit
• Delphi, Appaloosa Settle Dispute Over Failed Deal
• UK High Court Plugs Up Creditor Waterfall Clauses
• San Diego Banks Ditch Plans to Merge
• Stanford Receiver Identifies $1.5B In Assets To Pursue
• House Dems Square Off Over CFPA Leadership
• Lehman Asks To Restructure Real Estate Loan Terms
• Screening Co. Off Hook For Brokerage's 9/11 Suit
• Ex-Madoff CFO Loses Renewed Bail Bid
• Judge Gives Nod To Bayou Disclosure Statement
• Geithner Faces Down 'Too Big To Fail' Bill Critics
• Homebuilder Violated Credit Agreement: JPMorgan
• Dollar Financial Adds Car Loan Servicer For $118M
• 3rd Circ. Resuscitates Countrywide Kickback Case
• Judge Dismisses Insurer's $195M Suit V. BNY Mellon
• Deutsche Bank To Buy Sal. Oppenheim For €1B
• SunTrust Calls For Sanctions In Dismissed ARS Action
• House Panel Advances Credit Rating Bill
• CIT Group Extends Credit Facility By $4.5B
• WaMu, Other Defendants Fail To Toss Securities MDL
• Insurers Found Liable In New Century Blast Fax Spat
• SIPC Has Pledged $534M To Madoff Victims: Trustee
• FLSA Claims Tossed In Suit Against American Mortgage
• 2nd Circ. Remands ISC Arbitration Ruling
• Adams & Reese Subpoena Quashed In Conflict Suit
• 'Commercial Tech' Incentives For Renewable Energy
• LaCrosse Wins $16.2M From Liquidated CDO
• RBS, Underwriters Pillory Shareholder Subprime Claims
• House Panel Votes To Require Hedge Fund Registration
• Students Reach $130M Deal With Pilot School Lender
• Wells Fargo Techies Win Conditional Cert. In FLSA Suit
• Ropes & Gray Nabs White & Case Partner For London
• Judge Refuses To Toss Le-Nature's Trustee Suit
• Plaintiffs Attys Seek $14M In Countrywide ERISA Action
• ECC Workers, Bear Stearns Settle OT Action For $1.4M
• Judge Lets Deutsche Bank Open Taylor Bean Books
• FINRA Hits Scottrade With Fine Over Monitoring Failures
• ING To Split Banking, Insurance Groups
• Hedge Fund Firm Faces MDL Over Madoff Losses
• Patent Licensee Beefs Up ATM Suit Against 7-Eleven
• TSYS' Bid To Toss $2.6M Arbitration Award Blocked
• Real Estate Collapse Sends Capmark To Ch. 11
• EU Fleshes Out New Roles In Financial Oversight Plan
• Attorneys Seek $23M In Fees In Merrill Class Action
• Barclays Bank To Buy Standard Life Unit For $369M
• Ares Capital To Buy Allied In $648M Stock Deal
• Plaintiffs Seek To Limit Colonial Use Of $15M Policy
• Schwab Investors To Amend Securities Fraud Complaint
• LandAmerica Tries To Cast Off Insurance Action
• Metavante Loses Bid To Stay $6M Lehman Swap Ruling
• Ranking Dem. Announces Bank Probe, Denies Reports
• SEC Sends ICAP Wells Notice On Fixed Income Claims
• AmeriFirst Receiver's Law Firm Negligence Suit Tossed
• SEC Tweaks Suit Against BofA Over Merrill Bonuses
• NY AG Wants Schwab ARS Suit Back In State Court
• Dresdner Kleinwort Settles FLSA Class Action
• Judge OKs $336M Settlement Over Credit Card Fees
• Feinberg Takes Ax To Exec Pay At Bailed-Out Firms
• Banks Slow To Reduce Risky Behavior: Report
• Fla.'s EverBank In Tie-Up With Lease Firm Tygris
• Finance Partners Launch Ropes & Gray London Office
• FDIC, Treasury Say Goodbye To 'Too Big To Fail'
• UBS Tries To Snuff Out Investors' $40M FINRA Claim
• Banca Intesa Hit With $24M Verdict In Parmalat Case
• Imperial Capital Files $150M Shelf Registration
• 3rd Circ. Rejects Finova Group Equity Holders' Appeal
• AFG Loses Bid To Amend A&R Malpractice Suit
• Modified CFPA Act Heads To Full House
• Parmalat CEO Takes Grant Thornton Suit To 2nd Circ.
• A 3rd And 4th Look At The Bank Of America Opinion
• Nortek Enters Ch. 11 With Plan To Chop $1.3B In Debt
• DataTreasury, M&T Settle Check-Imaging Patent Spat
• Watchdog Slams Gov't In TARP Report
• Columbia Law Profs Stand Up For PCAOB In High Court
• Suit Calls JPMorgan, BNY Madoff 'Co-Conspirators'
• Merrill Cries Foul Over Fees In Fred Leighton Ch. 11
• Bailout Execs To Lose Up To 90 Percent Of Pay
• Fed. Circ. Trims Bank's $14.6M Award From S&L Crisis
• BofA Sells First Republic For $1B
• FINRA Clarifies Variable Annuity Sale Requirements
• Plaintiffs Try To Revive Bear Stearns Fraud Suit
• OTC Derivative Bill Passes Final House Panel
• Equifax Adds Wealth Research Firm IXI For $124M
• Private Equity Wants In On Banks Despite Barriers
• Loss Causation Challenges In Securities Cases
• Fund's Fraud Suit Over Dynex Bonds Narrowed In Scope
• House Panel OKs Federal Preemption In CFPA
• Merrill Deal Docs Show Early Alarms At BofA: Report
• Holland & Knight Seeks To Toss Nadel Malpractice Suit
• Bank Asks To Trim Madoff Defense Coverage Suit
• Class-Certified Claims Ditched In JPMorgan ERISA Suit
• 8th Circ. Upholds Toss Of Accounting Firm Fraud Suit
• Credit Union Fights Back In Subprime Auto Loan Spat
• Consumers Seek To Beef Up Overdraft MDL Claims
• Citigroup Settles In TQP Online Encryption Patent Suit
• Calif. Sues Bank For $200M Pension Fund Fraud
• Preemption Takes Center Stage At CFPA Markup
• Deutsche, KPMG Hit With $12M Tax Shelter Suit
• Dodd Puts Forth Bill To Curb Bank Overdraft Fees
• Continental Seeks Commerce Docs In D&O Spat
• FDIC Votes To End Debt-Guarantee Program
• SEC Hits Financial Services Co.'s GC In Ponzi Case
• Bankrupt Developer Pens Deal With Redwood Capital
• Roche Sues Credit Suisse Over $545M ARS
• Invesco To Shell Out $1.5B For Morgan Stanley Unit
• Metaldyne Buyer Says BDC Appeal Of Sale Spurious
• WaMu Plan Managers Seek Appeal In ERISA Action
• Lehman Europe Plans $90B Claim Against Other Units
• RBS Reaches Deal In TQP Encryption Patent Suit
• DOE's Financial Institution Partnership Program
• 2nd Circ. Chucks Citigroup ERISA Suit
• ML Direct Shareholders Seek Cert. In Bear Stearns Suit
• Lehman Brothers Sharpens SunCal Reorganization Plan
• HIG Capital To Acquire Allion For $278M
• Prosecutors Renew Bail Bid For Ex-Madoff CFO
• Lehman Creditors Blast Brokerage Sale To Barclays
• Consumers Bolster ATM Antitrust Suit Against First Data
• NHL Star Fedorov Sues Hyman Lippitt For Malpractice
• China Sunergy Reaches $1M Deal In IPO Fraud Action
• Ex-Brookstreet Employee Loses Bid For Coverage
• Storch Named To Key Enforcement Role At SEC
• Court Says Champerty Can't Curb Debt Buyers' Rights
• UK Regulator To Review PPI Competition Remedies
• Class Certification Sought In Mortgage Appraisal Case
• 2nd Circ. Blows Over Winter Storm Precedent
• RGA To Buy ING's North American Reinsurance Unit
• Mortgage Grader Sues Web Sites Over Credit Patent
• Amaranth Plaintiffs Make Bid For Certification
• FirstBank Sues Institute Over Fraudulent Merger
• Kanjorksi Unveils Bills To Bolster Investor Protections
• Consultant Sues Merrill Lynch For Annual Bonus
• BofA To Take In 60% Of 6 Tarragon Property Sales
• Argentine Funds Immune From Attachment: 2nd Circ.
• Bills In Lehman Bankruptcy Cross $400M Mark
• Bank's Contract Claims Against Ratings Cos. Get Boot
• Feds Accuse Fla. Investment Adviser Of Ponzi Scheme
• Lloyds Banking Weighs Possible Deal With Rathbone
• AHM Settles WARN Class Action For $6.5M
• ING Sheds Asian Private Banking Unit In $1.5B Sale
• Wells Fargo Didn't Impede Elavon Contract: Judge
• SEC Puts Schwab On Notice Over Mutual Funds
• BofA Privilege Waiver Approved In SEC Case
• Stanford Receiver Eyes $11M Employee Payments
• OTC Derivative Reform Clears 1st Hurdle In House
• Bryan Cave Wants Malpractice Claims Dismissed
• SEC Hit With Investor Lawsuit Over Madoff Snafu
• House Panel Readies Derivatives, CFPA Bills
• Stanford Receiver's Clawback Bid 'Improper': SEC
• Paul Weiss Off Hook In Ex-Citi Broker's Suit: 2nd Circ.
• Every Penny Counts Asks High Court To Clarify Markman
• Citicorp, Other Lenders Must Disgorge $403M To Tousa
• Lehman Seeks First Data Docs In Swap Agreement Spat
• Fremont Shareholder Pitches Competing Ch. 11 Plan
• Bank Workers Fight WaMu Over Retirement Assets
• Refco Insurer Drops Former President From D&O Suit
• Understanding The Metavante Decision
• FHFA Jumps Into Fannie Mae Litigation
• Homeowners Seek Cert. In Countrywide Loan Spat
• Stoneridge Bill Sparks Enforcement Debate
• Banco Popular Loses Round In Music Copyright Case
• 2 Potential Jurors Rejected In Bear Stearns Case
• ERISA Claims Against Honda, Merrill Lynch Tossed
• BofA Agrees To Waive Privilege In SEC Case
• AIG Brokers $2.2B Sale Of Taiwan Unit
• Fremont Equity Holders Bash Bids For More Plan Info
• Bear Stearns Execs Face Another Amended Complaint
• Morgan Stanley Moves To Oust $66.3M ARS Claims
• State Court To Hear Countrywide's SLUSA Argument
• Flowers Funds Sue Germany's HRE Over Squeeze-Out
• Fremont Creditors Shun Tardy Disclosure Qualms
• New Criminal Chief Recused In Madoff Suits
• Stanford Investors Add Chadbourne To Ponzi Suit
• BofA Shareholder Suit Over Merrill Deal Still On
• BofA Appeals Approval Of Taylor Bean, FDIC Loan Deal
• Ex-Prudential Broker Tries To Dodge SEC Action
• Lehman Gets Green Light To Present SunCal Plan
• Alleged Ponzi Schemer Cosmo To Await Trial In Jail
• Securities Litigator Joins Alston & Bird
• Judge Won't Bar Stanford Bank Execs' D&O Claims
• Ex-Managing Director At Merriman Curhan Gets 5 Years
• JPMorgan, Banks Settle Lender Claims For $100M
• Citadel Wantz Teza Temporarily Shut Down
• Madoff Trustee Ratchets Up Claim Against Feeder Fund
• Banks Get Another Chance In Pearlman Insurance Suit
• Citi To Sell Phibro Unit For $250M
• Fund Manager Pleads Guilty To $2B Ponzi Scheme
• Bringing Back Liability For Secondary Actors?
• Renew Creditors, Bondholders Object To 'Rushed' Sale
• Congressman Seeks To Sock SOX Provision
• JA Solar Seeks To Bounce Suit Over Lehman Losses
• BofA Ruling Puts M&A Lawyers On The Spot
• CitiFinancial Loan Officer Seeks Class Cert. In OT Suit
• Court OKs Sun-Times Asset Sale To Investor Group
• JPMorgan Agrees To $480M ARS Buyback
• US Bank Sues Student Loan Co. Over $8M+ Default
• Holland & Knight, Nadel Receiver In Jurisdiction Feud
• Citigroup Fires Back Over 7WTC Damage Claims
• Le-Nature's Trustee, BDO Spat Heads To Arbitration
• Visa Settles Suit Over Secure Transaction Patent
• JPMorgan Gets OK To Intervene In WaMu's FDIC Suit
• Thornburg Sues Former Execs To Recover Funds
• Equity Manager Pushes For 11th-Hour Sun-Times Bid
• Perelman Loses Bid To Retry Coleman Case
• SEC Asks For Jury Trial In Merrill Bonus Case
• EZ Lube Creditors Keep Probing Leveraged Buyout
• AB InBev To Sell Theme Park Biz To Blackstone
• 1031 Tax Group's Ch. 11 Plan Gets Green Light
• Cynergy Lenders Balk At $21M Transfer To Harris
• WilmerHale Withdraws From SEC Reserve Fraud Suit
• Julius Baer To Pick Up ING Swiss Unit For $505M
• 'Unfair' Chase Arbitration Agreement Stands: Court
• Madoff Judge Postpones Ruling On LA Investor
• BofA Personal Bankers Seek Class Cert. In FLSA Suit
• Brecek & Young Sues For Coverage Of NASD Case
• McCarter Absorbs Financial Services Boutique Pollack
• 2nd Circ. Halts Release Of Fed Bailout Docs
• $586M Dot-Com IPO Settlement Wins Final OK
• JPMorgan Escapes WaMu ERISA Action
• Hedge Fund Paramount Faces Investor Fraud Suit
• Patterson Belknap Finance Partner Joins Reed Smith
• Starwood Leads Investors To $554M Corus Asset Win
• FINRA Expands All-Public Arbitration Panels Program
• 'Trigger Lead' Mortgage Claims Lack Merit: 2nd Circ.
• Bankruptcy Court Can't Hear Suit Against WaMu: JPMC
• Allou Investors Lose Bid For Cert. In KPMG Suit
• AIG CDS, Lehman Fight Over Big-Dollar Swap Contract
• IBM Snaps Up BofA's Mortgage Unit
• Wachovia, Wells Fargo Object To Woodside Plan
• Federal Insurance, Bank Settle $17M Fraud Loss Spat
• 2nd Circ. Won't Revive Wachovia RICO Case
• PwC Offers New Asset Return Plan For Lehman UK
• TARP Watchdog Criticizes Feds' Bailout Statements
• Islamic Finance Attys See Silver Lining In Downturn
• ING Resolves TQP Data Encryption Patent Suit
• Fifth Third Bancorp Wins Dismissal Of ERISA Action
• EC Extends Deadline For Fortis-ABN Merger
• Judge Greenlights Capitol Bancorp Share Exchange
• Trustee Seeks $200M From Madoff Clan
• BDC Says It Got Short Shrift In Metaldyne Asset Sale
• 1st Circ. Bars Doral From Freddie Mac Contract Deal
• Lyondell Hit With New Noteholder Suit Over Merger
• NY Champerty Case Puts Debt Investors On Alert
• West Bancorp To Sell Off Asset Management Unit
• PE Firm Puts Up Rival Six Flags Ch. 11 Plan
• CIT Aims To Cut $5.7B In Debt, But Ch. 11 Still Looms
• Suit Targets Broker-Dealer Over $2B Ponzi Scheme
• Bank Of America Calls Truce With Ex-Merrill Chief
• Madoff Trustee Says Charity Investor Was No Victim
• Judge Seeks W.Va. Input In Jackson Hewitt Action
• FINRA Pushes Asset-Backed Securities Reporting
• Merrill, BofA Execs Targeted In Derivative Suit
• Suits Over CME Acquisition Of NYMEX Nixed
• Allen & Overy Scores High-Yield Expert From Milbank
• Class Certified In Equifax Consumer Records Suit
• Defense Contractors Battle Over $34M EOIR Sale
• BofA Settles Class Action Over Credit Scores
• BofA Fraud Suit Against Bear Stearns Survives
• Hedge Fund Manager's Free Speech Claims Rejected
• 2nd Circ. Nixes Legg Mason, Citi Securities Action
• 2nd Circ. Tosses Credit Lyonnais Pension Case
• Fed Fights Order To Hand Bloomberg Bailout Docs
• Judge Keeps MBNA, Ixe Banco Contract Dispute Alive
• Former Merrill Lynch Lawyer Joins Weil Gotshal