Banking Archive » January, 2010

Banking - January, 2010

237 articles

• Lehman Buy Was Aboveboard: Barclays
• 3 Ch. 11 Plans Advance In Fremont Bankruptcy
• Lathrop & Gage Settles Malpractice Suit For $7.4M
• Warburg Pincus Acquires Survitec For $456M
• WaMu's Bid For Wider Probe Into JPMorgan Sale Nixed
• PCAOB's Future In The Supreme Court's Hands
• IMS Health Settles Shareholder Suits Over Merger
• Roth Dodges Some Claims In Mortgage Stock Fraud MDL
• NBA Star Awarded $1.4M From Financial Advisers
• Judge Tosses Action Over Chase ATM Fees
• UBS Blocks Swiss Investors' $40M FINRA Claim
• Developer Sues Citizens Bank For $8B Breach
• Federal Reserve Chairman Bernanke Wins 2nd Term
• CFTC Fines Canadian Cos. Over Gas Futures Trading
• Thornburg Officers Dismissed From Subprime Suit
• ING To Fight EU Calculation Of State Aid It Received
• SEC Gets OK For Expanded Charges In Galleon Case
• Madoff Trustee, Levys Strike $220M Clawback Deal
• Addressing Coverage For SLC-Incurred Legal Costs
• Citigroup Stock Plan Plaintiffs Appeal To 1st Circ.
• PXRE Securities Suit Dismissed With Leave To Amend
• CFTC Chairman Calls For Regulation Of OTC Dealers
• Credit Suisse To Pay Texas $1.4M In ARS Fines
• Administration Defends AIG Bailout Actions
• Trustee Slams WaMu Investor's Committee Request
• Citi, Others Let Off Hook In ARS Antitrust Actions
• CME Defends Decision To Deny Rival's Trades
• KKR To Buy Pets At Home For $1.5B
• Lloyd's Told To Pay Stanford Execs' Defense Costs
• In-House Counsel Name Favorite Litigators
• New Castle Exec Waives Indictment In Galleon Case
• TARP Inspector General Reveals AIG Bailout Probe
• Sallie Mae Off Hook In Student Loan Class Action
• Wells Fargo Cleanup Spat Moves To State Court
• Actrade Settlement Nixed Over CEO's Alleged Pilfering
• H&R Block Tax Pros File Wage Action Over Training
• 2nd Circ. Won't Revive Morgan Stanley Conflicts Suit
• Judge Certifies Class In US Financial Mortgage Spat
• Tort Claims Allowed V. Dreyfus In $200M Fraud Case
• Calif. Hedge Fund Bigwigs Reach Deal In Galleon Case
• BofA Unit Exits $550M Hedge Fund Suit
• Ex-McGuireWoods Atty Hit With Corruption Charges
• WilmerHale Nabs SEC Trading And Markets Honcho
• PwC Escapes Freddie Mac Securities MDL
• AIG Looks To Dismiss Lawsuit Over Madoff Losses
• Porsche Hit With $1B Suit Over VW Takeover Bid
• The Importance Of Janus V. First Derivative Traders
• High Court Seeks US' Input On Credit Card Rate Hikes
• Judge Affirms Dismissal Of $6M Claim In Oneida Ch. 11
• Lehman Fires Back In Metavante Swap Dispute
• DataTreasury, RBS Settle Check-Imaging Patent Spat
• Goffer, 6 Others Indicted In Galleon Insider Trading Suit
• DC Bank Execs To Pay Atty Fees In Proxy Battle Feud
• Class Bid Over JPMorgan Appraisal Fees Nixed
• Citi Wants To Boot Terra Firma Fraud Suit Over Merger
• House GOP Attacks Fannie, Freddie Exec Pay
• Sun Investors Lose Bid To Join Securities Suit
• JC Flowers-Controlled Funds Convert Ch. 7 To Ch. 11
• Following Outcry, Goldman Sachs Cuts Bonuses By $6B
• Ex-Fund Manager Settles SEC Insider Trading Case
• WaMu Creditors Scoff At Shareholders' Committee Bid
• Plans' State Street Contract Suit Returns To State Court
• House Panel Weighs Broader Curbs On Exec Pay
• Ex-Ernst & Young Partners Sentenced In Tax Scheme
• Gibson Dunn, PwC Cayman Off Hook In Refco MDL
• Citizens Bank Hit With Banker FLSA Action
• Madoff Trustee Taps Kugler To Pursue Canadian Assets
• Rulings Underscore Need For E-Discovery Expertise
• Obama 'Too Big to Fail' Plan Could Drown In Details
• Agriprocessors Execs Owe First Bank $23M: Judge
• Citigroup Proposes $7.3B Debt Buyback
• Mishcon Opens NY Office With Sheppard Mullin Attys
• Court Cans Janus Investor Derivative Suits
• Prosperity To Buy 3 US Bank Branches In Texas
• TD Bank Inks Deal To End Stockbrokers' OT Action
• 7th Circ. Backs National City Bank In Contract Spat
• Ex-Evergreen Exec Settles SEC Insider Trading Claims
• The Future Of Insurance Regulation
• Former DA Morgenthau Takes New Job At Age 90
• SEC Seeks To Beef Up Claims In Galleon Case
• Aurelius, Icahn Gain Entry To Fontainebleau Dispute
• 3 Reach Deals In Broker-Dealer Bribery Case
• Magistrate Takes KPMG, PwC Off Hook In Collins Suit
• Cozen O'Connor Nabs TARP Official
• Dura Buyer Can't End Contract With Supplier: Judge
• Radian Scales Back Policy Rescission Fight
• BofA, Merrill Want Claims Tossed In Sex Bias Suit
• Cuomo's Schwab ARS Suit Sent Back To NY Court
• Avoiding The Prepack Steamroller
• Champion Reaches $130M Asset Sale Deal
• KB Home Buyers Seek Class Status In Fraud Suit
• New DOJ Position To Oversee Discovery Initiatives
• Tech, Energy Took Biggest Antitrust Hits Last Year
• SIPC President Defends Net Equity Approach
• $572M Held In Argentine Bond Default Suit
• The Rise And Fall Of The Federal Insurance Office
• Clifford Chance Picks Up Milbank Corporate Litigator
• BlackRock Snaps Up Helix Financial
• Mayer Brown Slams Ex-Refco Employee's RICO Claims
• H&R Block Tax Agents Move For Class Cert. Again
• State Street Hit With Shareholder Suit Over '09 Losses
• Dreier Clients Go After 'Stolen' $6.3M Settlement
• National Arbitration Forum Kept In Cardholder Suit
• Merrill Fights To Block La.'s ARS Arbitration Bid
• BancorpSouth Settles In Online Message Patent Suit
• SEC, EWealth President Settle $7M IPO Fraud Suit
• Capmark Investments Follows Parent Into Ch. 11
• $37M Settlements End AHM Securities MDL
• Deutsche Bank To Buy Back $7.8M In ARS Deal
• ICC Continues Quest For Fraud Coverage In 2nd Circ.
• PNC Loses Bid For Quick Win In BB&T Contract Suit
• 5th Circ. Affirms Bar On Stockbroker For Market Timing
• SunTrust Joins Fight To Sink Overdraft MDL
• 'Zubulake Revisited: Six Years Later'
• Ex-Mayer Brown Partner Gets 7 Years For Refco Fraud
• 'Chinese Warren Buffett' Arrested At Toronto Airport
• KV To Settle Claims Against Citigroup In ARS MDL
• Accused Ponzi Lawyer Waives Potential Atty Conflicts
• Ranch's Amended Plan For Fremont Calls For Merger
• Class Cert. Denied In Wells Fargo Overtime Pay Spat
• KPMG Tries To Shake Action Over New Century Audit
• Western National Balks At TXCO Ch. 11 Plan
• Panel Calls For Clearer TARP Wind-Down Strategy
• Mayer Brown Finance Partner Heads To Jones Day
• Obama Issues Plan To Pay Taxpayers Back For TARP
• Bill Proposes Hefty Tax For TARP Firm Bonuses
• SEC Proposes Rule Banning Unfiltered Access
• SEC Names Picks To Steer New Enforcement Units
• Fifth Third Exits TQP Encryption Patent Suit
• Judge OKs Lehman's Bulk Objection Procedures
• Judge Rules Against Clawbacks In Reserve Fund Suit
• Trading Ring Scheme Defendants Must Face Trial
• KBC To Battle US Philips Over $2.6M Account
• FDIC Asks To Delay Hearing On $38M Spat Over Bank
• Banks Execs In Hot Seat Over Financial Collapse
• ECC Pins Firms For Malpractice In Bear Stearns Deal
• HUD Subpoenas 15 In FHA Mortgage Claim Probe
• Judgments Finalized In M&A Stock Tip Scheme
• Testing For Materiality In Volatile Markets
• H&R Block Tax Agents Denied Conditional Class Cert.
• Ambac Hits Credit Suisse Over $44M In MBS Payouts
• First Residential, Bankers Settle FLSA Action
• 2nd Circ. Remands Love Funding Champerty Suit
• Lancer Jury Can Presume Lost Docs Are Relevant: Judge
• Developer Faces Motion For Sanctions In Contract Spat
• BofA Hid Merrill Losses Prior To Merger: SEC
• House Subpoenas NY Fed 'Backdoor Bailout' Docs
• Advisers Seek Class Cert. In OT Suit V. Ex-AIG Unit
• Funds Want Expedited Hearing Over Goldman Exec Pay
• Wells Fargo $46M Loan Contract Invalid: Judge
• Barclays Off The Hook In $60M Mortgage Fraud Suit
• Colonial Asks Court To Deny FDIC Grab At $38M
• Senate Considers Special Court For Failing Banks
• Merrill Lynch Insider To Pay Fine For Illegal Trades
• Citigroup Aims To Ax Brokers' Suit Over Bonus Loans
• Covered Bond Legislation In Australia And The US?
• SEC Sues Father-Son Team With Nadel Ties
• WaMu Wants Equity Committee Disbanded
• Sterling Financial Socked With ERISA Class Action
• CORRECTED: SEC Ends $3B Fraud Case Against National Century Execs
• LendingTree, SST Settle Web Patent Suit For $9.5M
• Forex Receiver Wants Owner To Pay $3M In Damages
• Fed Warns Of 'Stigma' In Appeal Over Bailout Docs
• SEC Loses Bid To Add Loss Claims To BofA Suit
• NY Fed Increases Primary Dealer Standards
• AIG Asks Ex-Lehman, Patton Boggs Atty To Be GC
• SEC OKs New Safeguards For Investment Advisers
• Cuomo Scrutinizes Bailed-Out Banks' 2009 Bonuses
• LLCs Are Citizens Of Main Business State: 4th Circ.
• Chadbourne Gets $500M Malpractice Suit Tossed
• Icahn Enterprises Issued Misleading Debt Offering: Suit
• NY Fed GC Defends Geithner's Role In AIG Bailout
• SEC Case Against US Pension Trust Moves Toward Trial
• Pharmacies Hone Claims In Pfizer-Wyeth Merger Suit
• Chase Fingers Debt-Elimination Pushers In Fraud Suit
• Ixe Banco Settles Contract Dispute With MBNA
• Metavante Seeks Reversal In Lehman Swap Dispute
• Antigua Money Minister Was In Stanford's Pocket: SEC
• Rothstein's Atty May Have Conflicts Of Interest: US
• TitleMax Ch. 11 Rolls Over Merrill $15M Cash Demand
• High Court Seeks White House's View On Janus Suit
• Goldman Pay Suit Could Signal New Wave Of Litigation
• Dodd's Exit May Alter Future Of Finance Reform
• TMST Trustee Fed Up With Lawyers' Fee Structure
• Congress To Probe NY Fed's Role In AIG Disclosures
• Heartland, Visa Settle Data Breach Issues For $60M
• Class Cert. Sought In BNY Mellon Security Breach Suit
• ION Media: Second Lien Terms Enforced
• TCW Trade Secrets Suit Cites Exec's Drug, Porn Use
• Money Manager Coughs Up $41M In SEC Ponzi Case
• Italy Extends Intesa Antitrust Probe Into February
• Putnam Mutual Funds Suit Precluded By SLUSA: Court
• Colonial Bancorp Judge Won't Extend Automatic Stay
• McKinsey Ex-Director Cops To Fraud In Galleon Case
• Shareholders Sue Goldman For Billions Over Exec Pay
• Geithner's NY Fed Pushed AIG Not To Reveal Loan Info
• Asset Managers Not Factoring In Climate Risks: Survey
• More Plaintiffs Dismissed From Citigroup MDL
• Accounting Firm Wins Bid To Nix American Trust Claim
• Creditors Balk At Lehman's Proposed Guidelines
• Kohlberg Hit With 2 Securities Class Actions
• Wells Fargo Gets Baltimore's FHA Suit Tossed
• Tax-Dodging UBS Client Avoids Jail
• Vedder Price Snags Curtis Securities Litigator
• Raymond James Settles In TQP Encryption Patent Suit
• Fremont Investor Polishes Ch. 11 Plan
• Morgan Stanley Settles Contract Spats For $7M
• Insurer Must Defend In Stanford Ponzi Scheme Cases
• Fee MDL Plaintiffs Clamor For Visa, MasterCard EU Info
• Fla. Ex-Lawyer To Admit Running $1.2B Ponzi Scheme
• 3rd Circ. Nixes $370M Bentley Fraud Accessory Suit
• Google, Other AHM Creditors Sued Over Transfers
• WaMu, JPMorgan Settle With Insurers
• US Bancorp, Others Settle In Online Payment IP Suit
• Adelphia Ex-Counsel Ordered To Testify In Fraud Suit
• Ex-Deloitte Partner Liable For Insider Trades: Court
• Capmark Hits Back Against Noteholder Action
• Morgan Stanley Wins Partial Judgment In Dividend Spat
• $2.5M Deal In JPMorgan OT Suit Gets Nod From Judge
• Kodak, Wachovia End Contract Spat Over $30M Loan
• Auto Dealer Slams Nissan With $250M Contract Suit
• US Bank Loses Bid To Dismiss Late Wages Case
• IndyMac Ex-CEO Fights For Chance To Appeal
• Latham Debuts New Office In Beijing
• Back To The Future: Is Disbanding OCIE The Answer?
• Aviva To Expand US Reach With River Road Buy
• Bank Takes WexTrust Liquidation Beef To 2nd Circ.
• Credit Default Swap Contract Spat Sent To State Court
• H&R Block, NY Settle Fraudulent IRA Marketing Suit
• 2nd Circ. Turns To Mass. High Court In Derivative Suit
• HSBC Settles In Arbitration Clause Antitrust Action
• MBIA Wins Most Defense Claims In Insurance Dispute
• Investors Seek Class Status In Lehman Fraud Suit
• Credit Suisse Faces $24B Suit Over Resort Losses
• BofA Tax Preparers Seek Final OK On Deal In OT Suit
• Finance Legislation To Watch In 2010
• Financial Services Cases To Watch In 2010