Banking Archive » May, 2010

Banking - May, 2010

216 articles

• 3rd Circ. Revives Suit Tying PwC To Hospital Fraud
• Canada Aims To Curb Banks' Online Insurance Ads
• Insurer Blasts Mortgage Cos.' 'Straw Buyer' Schemes
• Ponzi Suspect's Ex-Wife Argues For Release Of Funds
• TD Bank Aided Rothstein Fraud, Fund Says In $61M Suit
• WaMu Moves To Keep Examiner Spat Out Of 3rd Circ.
• FINRA Investigating Subprime Securities Disclosures
• FINRA 2010 Field Examinations: What To Expect
• Goldman Hopes To Avoid Fraud Charge In Any SEC Deal
• Fla. Trader Accused Of Fraud To Fork Over $1.4M
• Pequot, CEO To Pay $28M To End Insider Trading Case
• SEC Fills New COO Position With Ex-Capital One VP
• PwC Again Asks Out Of Securities Class Action
• 2nd Circ. Rejects Adelphia Creditors' $4.3B Claim
• Lawmakers Back Crackdown On Card Swipe Fees
• Celebs' Investment Adviser Charged For $30M Fraud
• 3rd Circ. Tosses SunTrust, Countrywide Ponzi Suit
• Futures Pool Founder Settles Suits Over $11M Scheme
• Whistleblower Protections In The Finance Reform Bill
• FX Trading Wants CFTC Settlement Enforced
• SEC OKs Changes To Muni Bond Disclosure Rules
• Lehman Suit Seeks Return Of $9B From JPMorgan Bank
• FINRA Seeks New Rules For 'Back Office' Staffers
• Bid To Block $4.6B Ambac, Bank Deal Fails
• Ex-MarketXT CEO Fights $25M Bankruptcy Judgment
• Clyde & Co. Boosts Insurance Team With 2 Laterals
• Increasing Iran Oversight
• Accused CapitalStreet Ponzi Artist Held In Contempt
• UK Fraud Office Drops AIG Financial Products Probe
• WaMu Shareholders Ask For JPMorgan Files
• Congress Starts Forming Wall Street Reform Committee
• Lehman Wins Nod For $5.2B Archstone Restructuring
• GLG Hit With Suits Over $1.6B Man Group Deal
• Banks Pay Back Non-US Madoff Investors $15.5B: Firm
• Wis. Appeals Court Shreds Payday Lender Terms
• 6th Circ. Halts Tenn. Bank's Forced Rehire Of CFO
• Bricolage Trustee Wins Access In Proskauer Probe
• Insurers Say They Shouldn't Cover Stanford Counsel
• Judge Greenlights H&R Block $1.4M OT Settlement
• DOJ, SEC Probing Rajaratnam Media Leaks
• WaMu Pays $9M To Settle Spat With Homeowners
• Back To The Future: How To Deal With The FDIC
• San Jose Sues BofA, UBS, Others Over Muni Derivatives
• FDIC Calls For Colonial Ch. 7 To Pay $1.3B Claim
• FDIC Wants MBIA's IndyMac Suit Tossed
• Lurching TierOne Faces Shareholder Class Action
• Magistrate Excludes Expert In Prudential FLSA Case
• H&R Block Tax Pros Launch FLSA Suit
• Credit Suisse Blasts Proposed Ciena Settlements
• DOJ Ends Fraud Probe Of Ex-AIG Unit Head
• Goldman Sachs And The Wells Process
• New Accounting Standards Must Consider Risk: Expert
• Fortis Investors Can Bring Suit To Another Venue: Judge
• Congress Set For Consumer, Derivative Rules Battle
• Ex-Bear Stearns Exec Gets 2 Years In Galleon Case
• Sacramento Trims Claims In Muni Derivative MDL
• Japan Post Office Reform Could Hurt Rivals: US, EU
• Equitec-Schwartz Resolves Tyco Securities Suit
• Corrected: Credit Analysts Say Ocwen Shorted Them OT Pay
• Reverse Break Fees: From Private Equity To Mainstream
• Credit Cos., Banks To Fight Durbin Amendment
• UK Wants New Crime Agency, Banking System
• EU's Hedge Fund Rules Could Hurt US Managers
• ERISA Class Action Against Venture Bank Kept Alive
• Ex-Smart Online CEO Gets 8 Years For Stock Fraud
• Sapp Dons Legal Helmet To Recover Rothstein Funds
• Senate Approves Landmark Finance Reform Bill
• Tennessee Commerce Forced To Rehire Ex-CFO
• Regulators Still Stumped On May 6 'Flash Crash' Origin
• Lehman Limits Exercise Of Setoff Right In ISDA Pacts
• WaMu Equity Holders Appeal Rejection Of Examiner
• 'Fly' Wins Stay Of Financial Publishing Restrictions
• Amedisys Revives Claims Against National Century
• More BofA Shareholders Join Suit Over Merrill Buy
• Reisner's Goldman Debut Signals New Age At SEC
• Markets Fall As Germany Bans Naked Short-Selling
• Broker Cops To Conning Merrill Lynch Out Of $780K
• Senate Begins 2nd Vote To Close Finance Bill Debate
• Ex-UBS Director Pleads Guilty In Muni Bond Fraud Case
• Stanford Asks To Leave Prison Pending Ponzi Trial
• Should Broker-Dealers Self-Report?
• 9th Circ. Affirms Remand Of US Bank Wage Case
• Plan Revisions Leave WaMu Equity Holders Unsatisfied
• GOP Sens. Say SEC Doesn't Work In Current Form
• BofA To Raise $3B+ With Sale of Itau Unibanco Stake
• Adelphia Trust Argues For Revival Of Fraud Case
• SEC Wants 'Circuit Breaker' For Stock Volatility
• JA Solar Can't Shake Fraud Suit Over Lehman Losses
• Lloyd's Wants Taylor Bean Fraud Suit Coverage Nixed
• Ex-Galleon Worker's Info Shielded From Rajaratnam
• 2nd Circ. Says AmEx Statement Protected By PSLRA
• FDIC Shutdown Triggers R&G Financial Ch. 11 Petition
• Senate Reaches Deal On State Consumer Preemption
• Ex-Merrill Broker Pleads Guilty To Investment Scheme
• NJ's Bid To Get Lehman Case To State Court Nixed
• Schwab, Others Dropped From Aloft Software IP Suit
• DOL Seeks To Force Tenn. Commerce To Rehire CFO
• Thomas Weisel 'Stuffed' ARS To Pay Bonuses: FINRA
• Clarifying Jurisdiction For Foreign Claimants
• LendingTree Faces $1.5B Price-Fixing Suit
• EU Committee Approves Hedge Fund Restrictions
• Finance Reform Heads For Finish Line In Senate
• Oil Producers Sue Goldman, BP Units For Fraud
• JPMorgan Faces New OT Suit From Tech Workers
• Croatian Seamstress' $6M Insider Trading Fine Lifted
• Interactive Data Faces Investor Suit Over $3.4B Sale
• Kirkland Reps Vision Solutions In $242M Tech Deal
• WaMu, JPMorgan, FDIC Agree To Compromise
• Creditors Can't Sue Banks On Behalf Of Adelphia: Judge
• Weil Reps Equity Firm In $294M Radiology Co. Purchase
• Ex-McKinsey Director To Pay $2.8M In Galleon Case
• High Court Declines To Hear Short-Sale Antitrust Suit
• $1.6B Man Group, GLG Deal Would Create $63B Fund
• When Is A Win A Win With Attorneys' Fees?
• 2nd Circ. Affirms Dismissal Of DTCC Bias Case
• Plaintiffs Still Alive In ATM Fee Antitrust Suit
• Loan Officers Hit Americash With Overtime Action
• UK Competition Watchdog Pushes Ahead With PPI Ban
• Kohl Aims To Add Anti-Leegin Bill To Finance Reform
• FDIC, PBGC Balk At WaMu's Disclosure Statement
• Hazards Of The Home Affordable Modification Program
• AHLH Aims To Stop Creditors From Hijacking Claims
• Rajaratnam Wants Goldman Trade Evidence Stricken
• SEC, States Launch Probe Of Wall Street Muni Deals
• Scandals Will Force Change At Rating Agencies: Attys
• Wall Street Probes Will Need Smoking Gun: Experts
• Senate Sets New Curbs On Credit Rating Agencies
• RealTime Strikes Again On Data Compression Patent
• FDIC Proposes To Make Banks Draw Up Living Wills
• IBM Loses Bid To Seize BGC Software In Copyright Fight
• Hancock Park Faces WARN Suit Over Plant Closing
• More Wall Street Banks Face Criminal Probes: Report
• Cuomo Eyeing Whether Banks 'Duped' Rating Agencies
• NYSE Punishes Goldman, Others For Violations
• Heller Ehrman Renews Ch. 11 Liquidation Plan
• Plaintiffs Firms Sanctioned Over ANZ Securities Case
• Citigroup Settles Legg Mason Brokers' OT Class Action
• Countrywide Fraudster Testifies In Iranian Wire Suit
• Senate Allows Fed To Keep Oversight Of Small Banks
• WaMu Securities Holders Call Plan 'Unconfirmable'
• Feds Eyeing Morgan Stanley 'Dead Presidents': Report
• Greenberg Traurig Sued Over Mortgages Ltd. Collapse
• E-Trade Loses Bid To Dodge Securities Class Action
• Mesirow Employees Ordered To Pay $2M Over Secrets
• Wachovia Ordered To Pay In Broker-Raiding Feud
• Regions Escapes Suit Over 'Misleading' $345M Offering
• Fair Isaac Loses New Trial Bid In Credit Scoring Suit
• American Century Gambling Investment Suit Busted
• Senate Greenlights Audit Of Fed Crisis Activity
• Fannie Mae, KPMG Settle Accounting Fraud Suit
• Clifford Chance Scores Pillsbury Restructuring Partner
• BNY Mellon Unit Knew About Madoff Fraud: Cuomo
• Mortgage Lenders Strikes Deal In Overtime Action
• CFTC, SEC Joint Committee To Probe Market Issues
• The Expansion Of Hedge And Private Equity Funds
• Exchanges Agree To Coordinate Trade Procedures
• ABN AMRO To Forfeit $500M For Sanctions Violations
• Barclays To Sell Part Of UPP For £800M: Report
• Fly Loses Bid To Reverse 'Hot News' Injunction
• Federal, Fremont Settle E&O Coverage For $10M
• EU Committee OKs Boards, Delays Hedge Fund Vote
• Zuckerman's Fraud Claims Against Merkin Still Alive
• Goldman Says It Expects More Lawsuits
• Ex-Integrity Bank Execs Hit With Fraud Charges
• Barclays Knew Of Cushion In Lehman Deal: Exec
• Rajaratnam Claims Wiretaps Weren't Constitutional
• Munger Tolles Nixed From Wachovia Contract Suit
• Ex-Refco Directors To Forfeit $39M To Fraud Victims
• Senate Blocks Measure To Break Up Too-Big Firms
• Goldman CEO Blankfein To Keep Chairman Post
• Countrywide, KPMG Reach $624M Deal In Fraud Case
• Senate Defeats GOP Effort To Water Down CFPB
• DTCC Atty Mum On Barclays-Lehman Deal Pressure
• Ex-CalPERS Execs Hit With $95M Pay-To-Play Suit
• Goldman Faces $3M Copyright Suit Over Data Access
• Former NFL Star Reaches Deal With SEC
• Western Union Can't Appeal Award Against MoneyGram
• 3rd Circ. Sides With Insurers In Delta Finance Spat
• Stranger-Owned Life Insurance: Windfall Or Disaster?
• Countrywide Atty Seeks To Bar 'Flying Blind' E-Mail
• Pension Fund Seeks To Block CyberSource-Visa Deal
• Deal Site Loses Bid To Toss EDGAR Copyright Suit
• Senate Approves 'Too Big To Fail' Compromise
• Fla. Law Firm Hit With Negligence Suit Over $30M Loan
• WaMu Shareholders Lose Bid To Appoint Examiner
• Judge Won't Trim $60M Bond Suit Against Goldman
• IKB Loses Bid To Escape Rhinebridge Suits
• CalPERS Suit Against Ratings Agencies Still Kicking
• Wachovia Call Center Overtime Suit Nears Resolution
• Goldman To Keep Up The Fight, For Now
• Sens. Call For Tougher Sentences For Fraud Offenders
• Fed Wants Review Of FOIA Ruling On Bailout Info
• FINRA To Take Over NYSE Euronext Market Oversight
• Orrick, Ex-Thornburg Execs Try To Boot Fraud Suit
• Goldman Fined By NYSE, SEC Over Short Sales
• Considering ILPA Private Equity Principles
• Lehman CDO Assets Worried Barclays: Sidley Atty
• Examiner Bid Nixed For Now In Flowers Funds Ch. 11
• Geithner Defends Banking Risk Fee Before Senate
• Apax Partners Snaps Up Tech Security Firm Sophos
• 9th Circ. Denies Co-Counsel Fees In Citi FLSA Spat
• MBIA Barred From Municipal Bond MDL Exit
• Goldman Sachs Subpoenaed In Galleon Case
• Citi Swap Provider Pleads For Ruling In Contract Dispute
• Barclays Almost Bailed On Lehman Deal: Top Lawyer
• Private Equity Firms Near $3.1B Deal For Pearson Unit
• Chase Says Ex-Employee Stole Info For Morgan Stanley
• Goldman Expects More CDO Litigation: SEC Filing
• Weil Reps Oak Hill In $570M Dave & Buster's Deal
• Fla. Madoff Suits Stayed Pending Action By Trustee
• AmEx Antitrust Case Remanded After Stolt-Nielsen
• Amendment Would Make Firms Disclose Short Sales
• Supreme Court Remands First Republic Fraud Suit
• High Court Denies Cert To JPMorgan In FLSA Suit
• Visa, M&T Bank Resolve Actus E-Payment Patent Spat
• 3 Myths Of In-House Attorney-Client Privilege