Banking Archive » April, 2010

Banking - April, 2010

261 articles

• Defendant Ranks Pared Down In Muni Derivative MDL
• Moore Capital Settles CFTC Trading Case For $25M
• Deal In ComVest WARN Act Suit Gets Green Light
• MBIA Fraud Claims Against Countrywide, BofA Live On
• Wachovia Fights Ruling Sending $9M CDS Feud To FINRA
• Barclays Reaped 'Load' In Lehman Assets Deal: CFO
• Lead Plaintiff Appeals Toss Of AIG Derivative Suit
• Heller Ehrman Disclosure Statement 'Inadequate': BofA
• Cooperation Key For Cross-Border Investment: EU
• Morgan Stanley, UBS Pay $14M To Settle CFTC Oil Case
• Citigroup Bests Head Trader's CDO Fraud Allegations
• Criminal Probe May Force Goldman's Hand: Experts
• Signature, New World Triumph In Fremont Ch. 11 Battle
• Jury Convicts Ex-Doral Treasurer In $4B Fraud
• Goldman Considering Settling SEC Case: Report
• Waddell & Reed Advisers Hit Company With FLSA Suit
• Ex-Lehman CFO Says Barclays Gig Didn't Affect Sale
• Appaloosa Can't Break Into Stuy Town Foreclosure
• More Short Sellers Join Securities Suit Against Porsche
• Feingold Urges New Curbs On Energy Speculation
• Unisys, Fidelity Off Hook In ERISA Class Action
• WaMu Directors, Deloitte Off Hook For Calif. Claims
• Ex-Credit Suisse Broker's Bail Revoked
• Congresswoman Asks DOJ For Goldman Criminal Probe
• Long Island Mayor Gets 8 Years In Securities Fraud
• Ex-MF Global Trader Indicted Over $141M In Losses
• Senate GOP Relents On Finance Bill Filibuster
• Judge Won't Boot Moody's, S&P from Rhinebridge Suit
• SEC, CFTC Seek Funds For Vast Enforcement Upgrades
• FDIC Gets OK To Dispose Of $1B In BofA Assets
• Lawyers Spar Over Bear Stearns Stockholder Suit
• Barclays Off Hook In Investment Firm's Toxic Asset Suit
• Lehman Atty Recalls Chaos In Run-Up To Barclays Deal
• Committee Sends FHA Reform Bill To House Floor
• Mayer Brown Not Liable For Refco Fraud: 2nd Circ.
• NJ Suit Over Merrill Stock Conversion Stays Alive
• Debt Collectors File Collective Action To Collect OT Pay
• American Eagle Gets Do-Over In $258M Citi ARS Suit
• Navigating The Rocky Shoals Of Rule 1017
• Legal Landmines Surround Goldman Execs At Hearing
• BofA Workers File Broad Race Bias Action
• Class Suit Accuses Goldman Of Concealing SEC Probe
• Before Dismissing A Foreclosure Complaint ...
• Senate Finance Bill Strikes Out For Second Time
• Ex-Rothstein COO Charged In $1.2B Ponzi Scheme
• Homeowners Denied Cert. In Countrywide Mortgage Suit
• WaMu Shareholders Demand Probe Of Bank Sale
• PwC, KPMG Tossed From Collins & Aikman Breach Case
• Lehman Exec Says He Knew Of Hidden Barclays Perks
• Wells Fargo Strikes $6.6M Deal To End OT Class Action
• EU Clears State Street's €1.3B Deal For ISP Units
• Avigen, MediciNova Settle Shareholder Suit Over Deal
• AmEx Fights Drugstores' Bid For Australian Docs
• Investors Seek To Revive Suit Against Fremont Execs
• Finance Bill Fails In First Critical Senate Vote
• Market Timing Claims Settled For Over $300M
• Merrill Investor Appeals ARS Class Action Dismissal
• State Street Tries To Squash FW Webb Subprime Suit
• Ernst & Young Added To Lehman Shareholder Complaint
• Visa Europe Answers EU Pressure By Cutting Fees
• Securities Class Action Against Wells Fargo Pared
• SEC Watchdog To Probe Timing Of Goldman Suit
• Judge Tosses Citi Brokers' Suit Over Bonus Loans
• Equitas V. R&Q And The Actuarial Modeling Approach
• Goldman Faces Shareholder Suits Over Abacus Deals
• Lehman Sues Nomura Over 'Egregious' Claims
• Weil Snags Ex-Senate Banking Committee Counsel
• SEC Accuses Private Equity Manager Of $3.1M Fraud
• Ratings Agencies Bowed To Wall St. Pressure: Report
• Goldman Director Gave Rajaratnam Insider Tip: Report
• UBS, E&Y To Pay $250M In HealthSouth Fraud Case
• GAO Offers Guidance On SEC, CFTC Harmonization
• Investment Manager JML Ducks Madoff Investor Suit
• Six Flags Trustee, Noteholders Oppose Ch. 11 Plan
• JPMorgan Wins $50M In Asian Paper Co. Contract Suit
• Frontier Hid Bad Commercial Real Estate Loans: Suit
• Pending Legislation For Money Services Business
• Banks Fined Nearly $2M Over Alleged ARS Misdeeds
• Cadwalader Lands DLA Piper Hedge Fund Pro
• Ex-SocGen Trader To Remain In Jail In Code Theft Case
• Sills Cummis & Gross Snags NJ Economic Czar
• 2nd Circ. Deaf To Countrywide Remand Appeal
• Bear Stearns Fights Mortgage-Backed Securities Suit
• Ashland Takes Morgan Stanley ARS Case To 2nd Circ.
• Madoff Investors' Suit Against SEC Tossed
• Paul Weiss Advises Oak Hill In $815M Hillman Buy
• Millennium To Pay $99M Over Lehman Swaps
• Kirkland Reps BofA In $1.9B Fund Sale To AXA Unit
• Obama To Wall St.: Stop Fighting Finance Reform
• Moody's Subpoenaed By Financial Crisis Panel
• Lenders Fight Examiner Bid In Flowers Funds' Ch. 11
• Barclays Fights To Keep Injunction In 'Fly' News Spat
• Ex-Lehman CEO Must Arbitrate Breach Claims: Court
• 6th Circ. Affirms D&O Ban For Ex-MCA Financial CEO
• Movie Ticket Trading Plan Moves Closer To Approval
• DOJ Seeks To Intervene In Bond Price-Fixing Suit
• Senate Panel Clears Strong Derivatives Bill
• 2 Creditors Swap Votes In Fremont Plan Battle
• McGinn Smith Execs Raided Investment Funds: SEC
• GOP Questions SEC About Timing Of Goldman Suit
• FINRA Issues Private Placement Offering Guidelines
• Skadden Advises Visa On $2B Deal For CyberSource
• Refco Underwriters Settle Securities Suit For $53M
• Greenberg Atty Leads New Perkins Coie Dallas Office
• The Latest On Lehman Brothers
• Italian Bank Ties Citigroup Into $47M Fraud Suit
• Gryphon Prez Arrested For Alleged $17.5M Stock Scam
• Dems Grill Ex-Lehman Execs Over Firm's Collapse
• Latham Snags Cleary Gottlieb Broker-Dealer Guru
• Barclays Seeks Dismissal Of Shareholder Suit
• Debevoise Advises Equity Firms In $1.1B Sedgwick Buy
• CFTC May Patrol Exempt Commercial Market Contracts
• Godwin Loses Bid To Toss AmeriFirst Malpractice Suit
• Schwab To Pay $200M To Settle Investor Action
• Brainard Confirmed To Treasury Post After Delay
• Judge OKs Terms In SEC's Schottenfeld Deal
• Class Cert. Granted In Mortgage Source FLSA Suit
• Westport, PSCC Fed $16M To Madoff Ponzi: Conn. AG
• Goldman, Sears Targeted In New DataTern IP Suit
• Goldman Enlists Ex-White House Counsel In SEC Fight
• Ameriprise Race Discrimination Suit Trimmed
• Ex-Collins & Aikman CEO Settles SEC Case For $7M
• Lehman Subpoenas Goldman, 4 Others
• Bank Claims Merrill Guilty Of Same Fraud As Goldman
• Societe Generale Ex-Trader Charged With Code Theft
• Lawmakers Ask SEC To Widen Goldman Probe
• High Court To Weigh Vehicle Deductions In Ch. 13
• SEC's Goldman Complaint Could Prompt Deluge Of Suits
• Ex-Watermark Affiliate Pleads Guilty In $6M Ponzi
• The Evolution Of FINRA E-Mail Disciplinary Cases
• Australia Says No-Go On NAB's $12B AXA Deal
• Calif. AG Seeks To Force Moody's To Answer Subpoena
• House Eyes Replacements For Fannie, Freddie
• JPML Consolidates BofA OT Suits In Kan.
• Lawmakers Look To Use Goldman In Reform Push
• SEC Sat On Stanford Case For Years: Report
• Goldman Hints At Strategy Against SEC Claims
• SEC Takes Big Gamble With Goldman Suit
• Fremont Stock-Drop Class Action Gets Go-Ahead
• Societe Generale Wants Shareholder Suit Nixed
• Lehman Gets Green Light For Asset Management Unit
• Ex-Morgan Stanley Trader Cops To Stock Loan Fraud
• Lexington Wins Forum Choice In Coverage Feud
• Endorsing Gartenberg In Jones V. Harris Associates
• SEC Charges Goldman With Fraud In Failed CDO
• Hedge Fund Pillories Six Flags Ch. 11 Plan
• Judge Tosses American National Suit V. JPMorgan
• Travelers, St. Paul Dodge Bank's Madoff Coverage Spat
• Quadrangle Resolves SEC, Cuomo Probes For $12M
• World Bank Official Returns To Arnold & Porter
• Lehman Reveals Expected Creditor Payouts
• Verizon Sues FDIC For $24M In WaMu Contract Losses
• Fujitsu Accused Of Defaming Sandringham, Advisers
• CMS Forex Faces Patent Suit Over Trading Software
• Pension Fund Seeks To Revive Amaranth Securities Suit
• $2.4M Award For Ex-Credit Agricole Analyst Trimmed
• Gottschalks Presses GE Capital For Withheld Funds
• Lend America Loan Officers Win Wage Suit Class Bid
• Whither The SEC? For Now, No Place New
• Republic Fraud Suit Against Bear Stearns Tossed
• House OKs Bill Eliminating Privacy Notice Confusion
• SEC Plans To ID Large Traders, Limit Options Fees
• Jury Convicts AmeriFirst Principal Of Fraud
• Longview Financial Blames Demise On Castle Arch
• Lehman Examiner Names Auction Players In Full Report
• Moody's, S&P Want Out Of Merrill Lynch ARS Case
• White House, Senate Square Off On Finance Reform
• Ex-UBS Client Pleads Guilty In Secret Account Probe
• No-Opt-Out Class Nixed In Wells Fargo ERISA Suit
• Shareholder Suit Against Ex-HomeBanc Execs Tossed
• Lincoln Takes Tough Stance In Derivatives Bill
• Preliminary Injunctions In NY: Watch Where You File
• FDIC Revises Fee Assessment System For Large Banks
• GMAC To Sell European Mortgage Assets To Fortress
• Senate Investigation Finds Fraud At WaMu
• Lehman Hid Assets In Small Investment Firm: Report
• WexTrust CEO Pleads Guilty In $255M Ponzi Scheme
• Financial Adviser Admits To Role In $11M Ponzi
• Title VII Suit Over Merrill Retention Bonuses Trimmed
• Regent Ch. 11 Plan OK'd Over Resilient's Challenge
• Ex-Northern Rock Execs Fined For Alleged Misreporting
• Deal Gets OK In Delta Financial FLSA Class Actions
• Fremont Shareholder Tries To Block Plan Approval
• TitleMax Reorganization Plan Gets Green Light
• Fla. Couple's ARS Suit Against Wachovia Tossed
• Hedge Funds Pull Plug On $554M Argentina Bond Appeal
• 'Fly' Bites Back In Brokerage News Copyright Spat
• Bingham Snags Ex-FINRA Enforcement Chief
• Laidlaw Sues Rival Over Poached Workers, Clients
• Akin Gump Reps Cerberus In $1.5B DynCorp Deal
• Morgan Stanley Can't Exit Muni Bond MDL: Judge
• Lenders Balk At Tribune Deal With Creditors
• JHS, Hyde Park Sue To Escape GunnAllen Liability
• Access 1st Settles In Wolf Run Messaging Patent Suit
• Lehman European Unit To Settle Smaller Claims
• Judge Trims $5.7B MBIA Swaps Case Against Merrill
• FRB Finds Banks Manipulate Debt At Quarter-End
• Haynes & Boone Scores SEC Heavyweight
• NY Man Gets 3 Months For Taking UBS Broker Tips
• Jailed Commodity Trader To Hand CFTC Over $30M
• PwC Let Off Hook In BofA ERISA Suit
• Reed Says Rating Agencies Trying To Kill Reform Bill
• ERISA Helps Smith Barney Partly Escape Duty Claim
• Huron Asks To Stay $57M Earnings Suit For 2nd Time
• Lawyer Group's $120M Claim V. Wachovia Survives
• Another Weapon In The Midsize Firm Arsenal
• Ex-Exec Hits Warren Buffett With Retaliatory Firing Suit
• Fifth Third Wins Privilege Ruling In $500M Contract Suit
• Stanford Hires Dershowitz As Defense Consultant
• Investors Sue Vanguard Over Offshore Gambling Cos.
• Petters Gets 50 Years For $3.7B Ponzi Scheme
• Mass. Targets Merrill Lynch $39M Securities Sale
• Financial Sector Deals Poised for Uptick: Report
• Plaintiffs Seek To Revive Holland & Knight Ponzi Suit
• Merrill Settles Trade Secrets Spat With 2 Advisers
• Trustee Seeks To Freeze Rothstein Adviser's $33M
• Citi Subprime Class Action Barely Survives Toss
• SEC Begins Testimony In Landmark Trial Over CDS
• Geithner Urges EU To Revise Hedge Fund Rules
• Investors Seek To Revive $1.5B Lehman Minibond Spat
• 8th Circ. Tosses American Express Franchisee Spat
• Tribune Bondholder Trustee Moves To Keep Case Alive
• CMA Capital, Owner Ran $4.5M Forex Ponzi: CFTC
• Wells Fargo ERISA Suit Scores Class Certification
• SEC Proposes New Rules For Asset-Backed Securities
• Morgan Keegan Hit With SEC, FINRA Fraud Claims
• AmEx Settles Suit Over Secure Transaction Patent
• PNC Appeals BB&T Win In Spat Over $37M Loan
• Funds Sue Deutsche Bank For $22M In Swaps Spat
• Former Spirit Execs Sue Macquarie Over Capital Freeze
• GE Capital Objects To RathGibson Plan To Exit Ch. 11
• Stanford Wins Latest Bid To Switch Attys In Fraud Case
• Residential, Underwriters Still Face MBS Class Claims
• Ex-Loan Officers Slam Money Source With OT Claims
• Barclays Seeks To Keep $7B From 2008 Lehman Deal
• 2nd Circ. Hears Case Over FINRA Fining Authority
• Solow Drops Fraud Suit Over $1.4B GM Building Sale
• Cedar Fair, Apollo Nix Deal In Wake Of Investor Ire
• Top 10 Best Practices For Lenders On Problem Loans
• Judge Puts Hold On Schottenfeld-SEC Galleon Deal
• BofA, Others Slam Lehman Asset Management Plan
• Moody's, Others Cleared In Merrill Lynch MBS Suit
• Gartenberg Ruling Knocks Out Ameriprise Fee Case
• Sunwest Receiver Goes After Broker Commissions
• Thomas Weisel Exec Liable For Paribas Raid: Judge
• KPMG Nixed From Another Madoff-Related Feud
• RBC Brokers Win Conditional Cert. On FLSA Claims
• Treasury Delays Report On Currency Manipulation
• Judge Tosses Gabelli Fund's Pyramiding Suit
• Chase Not Liable For Enron Filings: NY High Court
• MBIA Fails To Dismiss Mortgage-Backed Securities Suit
• Fidelity Whistleblower Suits Get Green Light
• Acorn Capital Head Indicted Over Ponzi Scheme
• JPMorgan Wins Judgment In ERISA Class Action
• E-Trade $23M Contract Win Bests Deutsche Appeal
• SEC Mulls Revising Asset-Backed Security Rules
• Schwab Unlawfully Changed Mutual Fund Terms: Judge
• Merrill Lynch ARS Class Action Thrown Out
• Suit Over Holland & Knight Role In Nadel Scheme Nixed
• New NY Civil Fraud Unit To Combat Financial Frauds
• Alternative Fee And Billing Arrangements: A Primer