Banking Archive » December, 2009

Banking - December, 2009

204 articles

• 2nd Circ. Asks NY Court To Mull Refco Trustee Claims
• LB Somerset Latest Lehman Unit To File For Ch. 11
• Chemtura Gets Conditional $45M Bid For Additives Biz
• Credit-Card Holders Seek Cert. In HSBC Late Fee Spat
• SEC Tags Heisman Trophy Co-Sponsor With Fraud
• SEC Proposes Looser Rules On Investor Communication
• ING Raises $10.5B To Help Repay Dutch Bailout
• Countrywide Identity Theft Class Settles For $6.5M
• Implications Of In Re Washington Mutual Inc.
• NextCard Sues Banks Over Online Credit Patents
• FINRA Panel Tosses Wachovia Raiding Claim
• ATM Ponzi Scheme Settlement Approved
• Lloyds Agrees To $217M Deal Over Iran Transactions
• Canadian Firms Agree To Pay $130.5M Over ABCP
• State Street Buys Intesa Securities Unit For $1.87B
• 1031 Tax Group, Dreier End Fight Over $3.4M Tab
• Mayer Brown Slams RICO Claims In Refco Investor Suit
• PNBK, Patriot Strike $50M Securities Deal, End Suit
• Bank Co-Op's $100M MBS Suit Sent Back To State Court
• Hedge Fund Sues Dechert For $50M Over Dreier Deal
• BofA, Countrywide Near Deal With 1031 Client Class
• Ex-VP Stole Credit Suisse Valuation Method: Suit
• First Federal Settles Online Messaging Patent Suit
• Rajaratnam, Chiesi Plead Not Guilty To Fraud Charges
• State Street Failed To Disclose Fraud: Shareholder
• Mervyn's Fights Citigroup For Return Of Rent Payments
• Derivatives Market Regulatory Reform: Where To Now?
• GE Capital Wins $18M In Aircraft Loan Spat
• ICAP Settles SEC Bogus Broking Rap For $25M
• Group Claims SEC Ignored Watchdog's Red Flags
• Lehman Europe, Japan Units Exchange $2B In Assets
• State Street Under Fire From Another Dutch Fund
• FINRA Expands Trading Huddle Probe
• Marsh To Buy HSBC Insurance Brokerage For $216M
• DataTern Patent Deals Leave Discover Standing Alone
• Virgin Islands Telecom Execs Protest Case Transfer
• Goldman Insider Trading Claims Came Too Late: Judge
• AIG Asks Court To Toss Brookfield's Swap Claims
• Class Certification In Haddock — An Outlier?
• Capital One To End Arbitration Clause Antitrust Suit
• Ernst & Young To Pay $8.5M Over Fraud Allegations
• Apollo Nabs Cedar Fair In $2.4B Cash and Debt Deal
• Payday Lender's Arbitration Bid Denied By 8th Circ.
• Madoff Trustee Picard Blasts Critics Of $22M Fee Award
• Credit Suisse Not Liable For Co.'s Failure: 3rd Circ.
• CFTC Fines MF Global $10M For Supervision Failures
• Regions Financial Dropped From TQP Patent Suit
• Lehman, Aflac End Spat Over $166M In CDS
• Court Defers Ruling On Stanford D&O Coverage
• Tax Loss Penalty Reduced For Ex-Miller Canfield Atty
• Liberty Mutual Says 1031 Investors Aren't Insured
• Bank-Busting Bills Proposed In Senate, House
• Acacia Unit, BofA Settle 3rd-Party Credit Card IP Suit
• Abu Dhabi Seeks To Void $7.5B Citigroup Deal
• SEC Alleges 'Serial' Insider Trading Scheme
• Credit Suisse Pays $536M Over Iran Transactions
• Cash4Gold Fraud Suit Plaintiffs Postpone Class Bid
• Court Lays Out Protections For Lehman Client Assets
• Merrill Lynch Fights To Keep NJ Suit In Federal Court
• Colonial BancGroup Challenges Capital Deal With FDIC
• 2nd Circ. Tosses Goldman Sachs Derivative Suit
• Judge 'Reluctantly' OKs Ponzi Scheme Investor Deals
• American Derivatives Settles CFTC Suit For $6.8M
• Weil Gotshal Balks At Lehman Fee Guidelines
• Investors Short $44M In Oil Deal: Pride International
• Ernst & Young Beats $140M Malpractice Rap
• SEC Moves To End Ponzi Case V. Financial Planner
• Wells Fargo To Pay $5B For Prudential Brokerage Stake
• Differing Approaches To Pre-Sounding Across The Pond
• Rajaratnam, Chiesi Indicted In Galleon Fraud Case
• Massive IPO Securities Litigation Comes To An End
• IndyMac Ex-CEO Loses Bid To Toss Securities Action
• Paul Hastings Hit With $55M Malpractice Suit Over Loan
• MBIA Slams Credit Suisse In $296M MBS Coverage Case
• Shell Asset Manager Wins Deductible Ruling In E&O Suit
• Debut IP Exchange Taps Carbon Market Guru As CEO
• Loeb & Loeb Launches DC Office With Day Pitney Attys
• BofA Settles Antitrust Suit Over Arbitration Clause
• Federal Sues Zurich Over Hartford Credit Score Suit
• Judge Stays SEC Suit Against Alleged Madoff Feeder
• WaMu Noteholders Appeal Ruling On Disclosures
• Terra Firma Goes After Citigroup Over EMI Purchase
• Dubai's New Restructuring Law Aims To Calm Creditors
• Enron Appeals Securities Settlement Decision
• Pension Fund Slaps Goldman Sachs Over Bonuses
• Fidelity Ordered To Produce Docs In PrivaCash Suit
• Investor Suit Against Defunct Bank Stayed For FDIC
• Citi To Repay $20B In TARP Funds, Escape Leash
• NetBank Supervisor's Deal With Holland & Knight OK'd
• KeyCorp ERISA Case Stays Tied To Securities Cases
• Ponzi Schemer's Ex Claims RBC Capital Defamed Her
• EIG, Fitch Settle Newsletter Copyright Case
• Big Securities Case Deserves The Boot: Sallie Mae
• Spotlight On Hedge Fund Trading Activities
• DataTreasury, Comerica Settle Banking Patent Spat
• RAIT Ends Actions Over Subprime Losses For $32M
• Miami's Fontainebleau Owes $9M For Work: Contractor
• Emigrant Appeals $10M Attorneys' Fees Ruling
• House Passes Sweeping Financial Reform Package
• Icahn Buys Bankrupt Trump Casino's Debt From Beal
• The Latest Proposals For Securitization Reform
• Swiss Banker, Lawyer Fugitives From US Justice
• La., Superdome Want Out Of Merrill Lynch ARS MDL
• Ponzi Fraudster Faces 45 Years After Guilty Plea
• Carbon Markets Raise Fears Of Speculation
• SOX Gets Socked, But Stays On Feet
• Brokers Get Jail Time In Smart Online Fraud Case
• More Pay Cuts Issued For Top Bailout Execs
• NJ Couple Resolves Final Claims In Tax Fraud Suit
• SunTrust Tries To Defuse Subprime ERISA Action
• Freedom, JPMorgan Fight Bid To Appoint Examiner
• SocGen Pays €676M For Credit Du Nord
• Ex-Ropes & Gray Lawyer Pleads Guilty To Scheme
• Judge Stands By Axing Of Claim Against FleetBoston
• SEC Suit Over CDS Insider Trading Edges Toward Trial
• DLA Piper Snaps Up New Chair For Financial Group
• 2nd Circ. Mucks Ex-Partner's Suit Over Casino Venture
• FINRA Rules For Citi In ARS Dispute With Move Inc.
• KPMG, Others Accused Of $50M Medicare Fraud
• Riverstone Exec Pays $20M To End NY Kickback Probe
• IBM Ex-Exec Denies Role In Insider Trading Scandal
• Stanford Mistress Blasts Receiver's Clawback Suit
• BofA Defeats Dismissal Bid In Noncompete Suit
• SEC Agrees To 2-Year Stay For Contested Annuity Rule
• Lehman Balks At Discovery Bid By Investors
• The Do's And Don'ts Of Carbon Trading
• Class Granted Cert. In Countrywide Securities Suit
• Parish Investors Win Class Cert. In Suit Against Schwab
• M&A Outlook For 2010
• Future Fund May Back Canadian Funds' Transurban Bid
• Comerica Settles TQP Online Encryption Patent Feud
• Knight Gets 14 Years For $33M Ponzi Scheme
• Sens. Grill SEC, DOJ, FBI On Corporate Convictions
• Calif. Court Tosses BofA Credit Card Bias Action
• Ex-Pamrapo Chief Fires Off Suit Over BCB Deal
• Treasury Releases Data In Open Government Effort
• Hedge Fund Appeal Of Citibank CDS Suit Fails
• SEC Puts Stop To Personal Injury Suit Ponzi Scheme
• Lawmakers Revise Creditor Haircut For Failing Banks
• House Eyes Tough Law Near Anniversary Of Madoff Bust
• Lehman Sues Wintrust Over Contract Breach On Loans
• Creditors Seek Ch. 7, Trustee For Colonial BancGroup
• BofA Denied Access To SEC Docs On Merrill Bonuses
• SEC Hits Brookstreet, CEO With Fraud Suit Over CMOs
• 1st-Day Motions Approved In AmTrust Ch. 11
• Lyondell Reaches Deal In Suit Over Basell Buyout
• GMAC's Claims Mostly Set For Trial In Dealership Spat
• Ala. High Court Won't Drop Judge In Sewer Suit Spat
• Lehman Creditors, Barclays Spar Over Atty Privilege
• Fortis-BNP Paribas Merger Upheld By Belgian Court
• Judge Deals Discovery Blow To Freddie Mac Plaintiffs
• JML Seeks To Dismiss Madoff-Related Investor Suit
• H&R Block, Jackson Hewitt Seek Stay Pending Bilski
• Devil's In The Details For OTC Reform Effort: Attys
• Receiver Seeks $545M From Stanford Investors
• CIT Group To Exit Ch. 11 Minus $11B In Debt
• Insurer Looks To Ax Some Of Commerce's D&O Suit
• Bingham Lures Sidley Restructuring, Finance Pro
• CompuCredit Wins Dismissal Of Securities Action
• High Court Justices Weigh SOX Oversight Board Fight
• 2 More Banks Settle Document Retrieval Patent Suit
• Westgate President To Make Ponzi Fraud Plea
• E&Y Malpractice But No Fraud In CBI Case: Judge
• Babcock & Brown Power Inks $405M Debt Deal
• SEC Hits 3 Former New Century Execs With Fraud Suit
• UBS Suit Against Ex-Banker Seeks Tax Money, Interest
• Beal Bank Unveils Plan To Buy Bankrupt Trump Casinos
• NY Bank Gains $11B AmTrust Assets In FDIC Deal
• 1031 Tax Group Files Liquidation Trust Deal
• Loan Advisers Seek Cert. In Amerimod Wage Suit
• Noteholders Balk At Beal Plan In Trump Ch. 11
• Suit Over Cano Petroleum Share Offering Tossed
• MassMutual Latest To Sue Rothstein Over Ponzi Scheme
• Dismissal Affirmed In Short-Sale Antitrust Suit
• Claim Against BofA Stands In $550M Hedge Fund Case
• TransUnion Gave Subscribers Faulty Credit Scores: Suit
• Exec Pleads Guilty In Pension Fund Kickback Case
• SEC Accuses Canopy, Founder Of $75M PPO Fraud
• Bernanke Defends Fed Actions At Confirmation Hearing
• Group Hopes NEPA Can Save Historic Fed Building
• Burned Madoff Investors Appeal Dismissal Of SIPC Suit
• Agria, Underwriters Dismissed From IPO Class Action
• Jury Convicts Petters In $3.6B Ponzi Trial
• Assured Offers $499M In Stock To Protect Rating
• Managing H-1B Employees In A Down Economy
• Barclays Fights To Compel Lehman Asset Deal Docs
• Colonial BancGroup Dropped From Securities Litigation
• Counsel From Merrill Class Settlement Awarded $23M
• Sunwest Lenders Challenge Order Halting Their Claims
• Adams & Reese, AFG End Conflict Of Interest Dispute
• Real Estate Loans Send AmTrust Financial Into Ch. 11
• Ex-CFTC Chair Calls For Tougher OTC Derivative Regs
• Regulatory Cooperation In International E-Discovery
• Fifth Third Goes After Brooke Insurance Agents
• Lehman Wants Stay Modified For ARS Suit Payout
• House Panel OKs Agency To Break Up Major Cos.
• CBOE Settles Ownership Rights Appeals For $2M
• WaMu Directors Lose Bid To Toss Monitoring Claim
• Rothstein Pleads Not Guilty To $1.2B Ponzi Scheme
• Remaining Trademark Claims Chucked In FICO Suit
• Capital Auto Fights Lehman Over $20M Swap Deal
• Emigrant Hit With $10M Fee In $2M Contract Suit Loss
• Nationwide Class Certified In PwC Associates' OT Suit
• Croatian Seamstress Faces $6M Insider Trading Fine