Banking Archive » February, 2010

Banking - February, 2010

243 articles

• Creditors Appeal Fight With Steve & Barry's Owners
• State Street Evades Mortgage-Related Securities Suit
• White House Unveils Rules To Protect Retirement Plans
• Cincinnati Insurance Settles Coverage Suit For $4M
• US No Place For Foreign-Cubed Cases: Chamber
• CNA Demands Docs From Attys In Commerce Suit
• Sens. Want Action On Chinese Currency Manipulation
• Ex-Wealth Management Exec, SEC Strike $1.4M Deal
• Lehman, JPMorgan Bury Hatchet Over $7.68B Claim
• Judge Orders Ariel Receiver To Pay Scott & Scott Fees
• TMST Creditors Seek To Cut Venable's Fees
• Banks Slam Insurers For Stalling On $18M Fraud Claim
• 4 To Cough Up Fines In Insider Trading Settlement
• Ernst & Young Meal Break Claims Nixed In OT Action
• Phoenix Hits New Group Of Banks, Insurers With IP Suit
• The Financial Case For Law Firm Branding
• Fed. Circ. Affirms $2.5M Award In Trading Software Suit
• US Accuses Ex-Madoff Director Of Aiding Fraud
• Madoff Victims Sue SIPC Over 'Net Equity' Payments
• SEC Unveils Plan For Global Accounting Standards
• Goldman In Hot Seat Over Greek Swaps
• Lehman Makes Plea To Save $900M Investment
• MoneyGram To Hand Bilked Investors $80M
• Lord Abbett Investor Suit Doomed Without Scienter
• Liberty Settlement Closes Marketing Patent Suit
• BuckleySandler Adds Ropes & Gray Corporate Partner
• Fannie, Freddie Chief Cautions Reps Against Pay Cuts
• SEC Fraud Suit Withstands Reserve Fund Assault
• CFTC Fines UBS Over Position Limits On Energy Futures
• Active Implants Says Equity Firm Holding It Hostage
• Enforcement Developments Regarding Broker-Dealers
• SEC Fraud Claims Against Medical Capital Execs Nixed
• Administrative Assistant Hits Blackstone With OT Suit
• CDR Employee Pleads Guilty To Bond Bid-Rigging
• Oppenheimer Settles With Mass., NY Over ARS
• Ex-Hedge Fund Head Cops To $162M Ponzi Scheme
• E&Y, PwC To Pay $28M In Metropolitan Securities Suit
• Moody's Shareholder Suit Sent Back To NY State Court
• H&R Block Unit, LendingTree End Credit App IP Battle
• Morgan Stanley Sues Advisers Who Jumped Ship
• Lloyd's Wants In On Insurance Case Against Prestige
• Kay Services Hit With $3.8M Judgment In Ponzi Case
• Ashland ARS Suit Against Oppenheimer Thrown Out
• SEC Settles With Ex-Amex CEO Over Lax Enforcement
• The Importance Of LBSF V. BNY Corp.
• ELX Says CME Engaged In 'Anti-Competitive Agenda'
• Triton Nabs Swedish Health Care Co. Ambea For $1.2B
• Claims Pared In Ambac Shareholder Class Action
• Founding Partners Exec Reaches Deal In $550M SEC Suit
• $19M Award Affirmed For Oaktree In Spat With Manager
• State Won't Seek Senior Status In Dubai World Case
• Securities Class Action Against Fortis Booted
• Hedge Fund Hits Back At Biovail's 'False' Fraud Suits
• Maxim Group Settles FLSA Spat With Brokers
• Wachovia, BNY Win Dibs On Meadowlands Funds
• Merrill Lynch, Employees Get OK For OT Settlement
• Case Study: Arrigo V. Blue Fish
• Sun Investors Appeal Lost Bid To Join Securities Suit
• Supreme Court Won't Hear PIMCO Class Cert. Challenge
• $150M SEC, BofA Deal Over Merrill Merger Gets OK'd
• Ruling Looms On SEC Deal Over Merrill Losses
• Highland Dropped From UBS Suit Over $745M CDO Loss
• Freescale Deal Clears Way For $750M Bond Sale
• Lyondell Settlement Approved, Creditors Brushed Off
• Goldman Drops Suit Against Ex-Execs At Credit Suisse
• Judge Trims SASCO Claims In Lehman MBS Suit
• What To Expect From The European Commission
• Janus Investors Look To Revive Market-Timing Suit
• Conditional Cert. Denied In HSBC Finance FLSA Case
• Stanford Must Stay Behind Bars Until Trial: 5th Circ.
• Malcap Mortgage Latest Loan Firm Hit With FLSA Suit
• Ex-UBS Exec Settles ARS Case For $2.8M
• WaMu Equity Committee Will Remain As Is: Judge
• BofA Fraud Claims Canned In $300M Parmalat Deal
• Judge Nixes Stanford's Bid To Toss SEC Ponzi Suit
• FINRA's Take On Internal Communications
• Mayer Brown Taps Cohn To Lead Derivatives Group
• NY Court Keeps Banks' Fraud Suit V. MBIA Alive
• Gibson Dunn, Markstone Capital Tangle Over $1.3M Fee
• Oct. Date Set For Rajaratnam Criminal Trial
• Cuomo Suit Targeting Madoff Cohort Merkin Lives On
• Pacific Life Hits BNY Mellon Over $80M Sigma Loss
• 9th Circ. Nixes Good Faith Defense In Trailer Park Case
• Goldman Sues Execs Who Bolted For Credit Suisse
• Fairfax Scoops Up Zenith National For $1.4B
• Ex-Goldman Employee Fights Trade Secrets Charges
• Generali Ends Shareholder Pact Amid Antitrust Scrutiny
• TMST Gets $96M For Sale Of $11B Loan Portfolio
• PBGC Ends Dispute With Metaldyne, Gets $141M Claim
• Loan Co. Sues Seyfarth Alleging $1M Legal Screwup
• Stanford Victims Allege 2nd Fraud In Antigua
• Ex-BofA GC Let Go To Keep Moynihan: SEC
• Del. Supreme Court Sides With Fortune In PE Row
• CME Asks CFTC To End Futures Antitrust Probe
• 2nd Circ. Revives Fee Suit For Citigroup Investors
• Allen & Overy's 4th Middle East Office Opens In Qatar
• 5th Circ. Reinstates Broker Atty Fees In Bond Deal Suit
• Judge Explains $24M Soybean Export Ruling
• DataTern Sues BP, Others Over 2nd Database Patent
• Rajaratnam Needn't Turn Over Wiretaps Yet: 2nd Circ.
• The Evolution Of Credit Bidding
• DC Circ. Brings Back Age Bias Suit Against PwC
• SEC Settlement With Ex-Mayer Brown Partner Delayed
• 10th Circ. Affirms Lengthy Ponzi Scheme Sentences
• Akamai Hits Deutsche Bank With $217M ARS Suit
• PE Firm Moves To Boot Six Flags Execs From Ch. 11
• Judge Yanks Jury, Acquits Stanford Shredders
• 2nd Kazakh Bank Seeks Bankruptcy Shelter In US
• USDA Must Pay Damages Under FCRA: 7th Circ.
• JPMorgan To Buy RBS Sempra Units For $1.7B
• Lehman Europe Takes German Unit To Court For $1B
• Morgan Stanley Advisers Seek Class Cert. In OT Suit
• SEC Receiver Sues ABN For Nadel Ponzi Transfers
• AmEx Wins Summary Judgment In Six Sigma Fee Suit
• Exec Wants Mayer Brown RICO Suit Out Of Refco MDL
• AmTrust Sale OK'd Despite Noteholders' Objection
• NY Topdot Loan Officers Seek Class Status In OT Case
• Discover To Pay Morgan Stanley $775M To End Suit
• Senate Confirms Key International Trade Positions
• Ex-Goldman Programmer Indicted For Stealing Software
• Lender Fights TLC Vision's Charlesbank Deal
• Tackling 'Too Big To Fail'
• H&R Block Tax Agents' OT Action Conditionally Certified
• ERISA Action Targets Flagstar Plan's Stock Holdings
• Radian's $4.2M Claims Against NM College Survive
• BofA, Bankers Get More Time For Discovery In OT Suit
• Ex-TCW Exec Counters Secrets Suit With $1.3B Claim
• SEC Rebuffs JP Morgan Pay-To-Play Dismissal Effort
• Case V. Stanford Adviser Belongs In State Court: Judge
• BNSF Shareholders Approve $34B Sale To Berkshire
• Rajaratnam Appeals Judge's Ruling On Wiretaps
• Shareholders Say Morgan Stanley Overpaid Employees
• Fremont General, Wells Fargo Reach $7M Settlement
• State Farm Wants Out Of Legal Directory Defense
• Actus' Web Payment Patent Suit Survives Bid To Toss
• Commercial Real Estate On Cusp Of Crisis: Report
• Case Study: Solomon V. Oneida
• Judge Blocks FDIC Attachment Writ In PMC Fight
• CME Venture To Buy 90% Of Dow Jones Indexes
• Ex-Hartford Analyst Takes Deal For Insider Trading
• Winston Commercial Litigator Jumps To Chadbourne
• Barclays To Buy Citi's Italian Credit Cards Business
• Feds Tack On $30M To Rajaratnam's Take
• Citigroup, KV Wrap Up ARS MDL Case
• Judge Saves Investors' Claims In 1031 Fraud Suit
• Ga. High Court Weighs In On $200M WorldCom Case
• King & Spalding Lands Orrick Financial Services Attys
• CFTC Seeks $16M Restitution In LaSalle Fraud Case
• Calif. Insurance Chief Pressures Cos. With Iran Ties
• 9th Circ. Remands AIG Fraud Fight Over Asset Sale
• Hedge Fund Execs' Bonuses Aren't Guaranteed: Judge
• CalPERS Loses $17M Lehman Debt Swap Bid
• Goldman Seeks To Dismantle Muni Price-Fixing Claims
• Supporters Rally Behind Independent CFPA
• Ipso Facto Clauses And The Anti-Deprivation Rule
• AMG Nabs Private Equity Manager Pantheon For $775M
• Noteholders Object To AmTrust Sale To Novak
• Long Island Adviser Gets 9 Years For Ponzi Scheme
• Rajaratnam Must Hand Over Wiretaps: Judge
• Stanford Execs Can't Dodge Doc-Shredding Case
• BofA, Countrywide Resolve Marketing Patent Claims
• Judge Nixes Callaway Accountants' FLSA Action
• K&L Gates Hires Simmons Finance Expert In London
• Snell, Atty Reach $3M Deal In SWX Malpractice Suit
• Winston & Strawn Boosts Restructuring, M&A Teams
• Fiserv, TD Ask For Stay On Madoff Coverage Dispute
• Merrill Blocks La.'s Bid To Arbitrate ARS Spat
• Rothstein Partner Sued Over $1.2M In Ponzi Funds
• Securities Plaintiffs Oppose TMST Sale Notice
• Dexia Insurance Sale Gets OK Amid Restructuring Deal
• $44M Deal In Merrill Lynch FLSA Suit Gets Final OK
• Judge Approves Champion Enterprises Auction
• The SBIC Program — An Alternative Source Of Capital
• Ex-Ernst & Young Atty Gets Year For Insider Trading
• Former Intel Exec Goel Pleads Guilty In Galleon Case
• Lehman Examiner Report Done, But Sealed For Now
• NY AG Nets $19M In 2 Pension Kickback Settlements
• Attys In JPMorgan Fee Case Lower Cash Demand
• Unsecured Creditors Balk At Lyondell Settlement
• BofA $150M Deal Over Merrill Losses Still On Hold
• SEC Probes Demands On AIG By Goldman, Others
• E-Trade Attys Snag $5.5M In Fees For Deutsche Feud
• EU Approves Netherlands' ABN-Fortis Finance Plan
• Bill Takes Aim At Big Bonuses From TARP Firms
• In Pursuit Of Deferred Prosecution Agreements
• Insurers Pen Deals In Lydia Capital Fraud Case
• Brokerage Firm FLSA Spat Heads To Arbitration
• Ratings Agencies Dismissed From IndyMac MBS Suit
• Expect Ambitious AGs To Pursue More Big Cases: Attys
• Money Managers Sentenced To 9, 5 Years In Jail
• Master Wants Sphinx Investors' Refco Suit Tossed
• Fifth Circ. Stays Insurer Payout For Stanford Defense
• Fidelity Sues To Stop Ex-Employees From Taking Clients
• Cellular South Sues JP Morgan Over ARS Fraud
• BofA Hits Back BNP, Deutsche Over Portfolio Collapse
• Kazakh Bank Files Ch. 15 Amid $11B Reorganization
• Class Cert. Granted In OT Suit Against CitiFinancial
• TLC Vision Eyes New Plan With Private Equity Backing
• Volcker Rules Face Fire From Dodd, Bank Execs
• BofA Strikes SEC Deal, Faces NY AG's New Suit
• Fund Manager Accuses Mass. Official Of Retaliation
• State Street To Pay $300M To Settle Subprime Claims
• Regulators Enter Bank's Fraud Suit V. Transamerica
• Explicit Terms Don't Make Agreements Binding: Court
• FTC Seeks More Leeway To Fight Financial Fraud
• Exchanges Face Copyright Suit Over Symbol System
• Lehman Investors Try To Revive Minibonds Action
• Berkshire To Sell $8B In Debt To Pay Off BNSF Buy
• Selling Licensing Rights: Will The New System Work?
• Online Gambling Co. Sues IGM Over Betting Patent
• Nationwide, 5 States Reach $2M Annuity Sales Accord
• Nationwide Evades Revenue-Sharing Class Action
• Ambac Wants New Orleans' $171M Bond Suit Tossed
• Raymond James Fined $12.1M For Employee Poaching
• Ex-UBS Trader Ordered To Pay $15M In SEC Settlement
• DataTern Drops WaMu From Database Patent Case
• Insurer's $553M Investment Suit V. JP Morgan Tossed
• Ex-SEC Atty Joins Foley From Pillsbury
• ERISA Class Action Against Lehman Directors Nixed
• Fannie Mae Plaintiffs Want KPMG Wells Notice Info
• Wolf Run Sues More Banks Over Web Messaging IP
• The Changing Landscape For Credit Rating Agencies
• Judge Tosses Fraud Claims Against Cohmad, Cohn
• AIG Taps Ex-Lehman, Patton Boggs Atty To Be GC
• Equity Firm Ends Suit Over Failed ChemRisk Deal
• Galleon Informer Hit Over $3M In UBS Insider Trades
• Sallie Mae Faces Class Action Over Automated Calls
• 'Cash In/Cash Out' Pooh-Poohed In Madoff Ch. 11 Case
• Volcker Trading Rule Faces Tough Battle In Senate
• Goffer, 6 Others Plead Not Guilty To Galleon Charges
• GE Capital Launches $2.5B Securities Exchange
• BNY Mellon Snags PNC Investment Unit For $2.3B
• Obama Asks For $30B To Support Small Bank Lending
• Significance Of Ogle V. Fidelity & Deposit Co. Of Md.
• Commercial Real Estate Threatens Recovery: Congress
• Obama Budget Pushes SEC, CFTC Funding Boosts
• $7M Fraud Award Can't Be Divvied Up On Fault: Judge
• THL Defends RICO Claim V. Mayer Brown In Refco Case
• Merrill Lynch Calls TitleMax Disclosure Misleading
• White & Case Loses A Dozen Partners To Latham
• Wells Fargo Faces Patent Suit Over EasyPay System
• E-Trade Inks Deal In TQP Data Encryption Patent Suit
• Waiting For Bilski