Banking Archive » August, 2010

Banking - August, 2010

217 articles

• Merrill, BofA Stock Not Needed To Bring Suit, Court Says
• Innkeepers Wins Approval For $50M Financing Bid
• SEC Decides Not To Hit Moody's With Ratings Action
• Barclays, JPMorgan Sparred Over Lehman Assets: Atty
• SunCal Can't Wriggle Out Of Lehman Automatic Stay
• Taiwan Nixes Primus Group's $2.2B Bid For AIG Unit
• United Rentals Survives Cerberus Merger Suit Appeal
• Debt Investors Seek To Halt Ambac Asset Transfers
• Madoff Trustee Settles Tiff Over Feeder Fund Cash
• CFTC Unveils New Rules For Retail Forex Trading
• Ajaxo Wins Royalties For E-Trade IP Theft On Appeal
• Barclays Saw Signs Of Lehman Options Losses: Exec
• Cohen & Steers Smacked With Suit Over $625M ARS
• Mexican Lender Seeks Ch. 15 Against $100M Notes
• Dreier Ch. 7 Trustee Seeks To Ax Clients' $6M Claim
• Boulder Capital Told To Return $24M Loan Repayments
• Morgan Stanley Settles Muni Derivative MDL For $6M
• 2 Suits Over BofA, Merrill Deal Survive
• Losing The Bid: Philadelphia Newspapers Sale Dispute
• Alleged Ponzi Artist Who Can't Pay Atty Not Off Hook: US
• EU Docs Off-Limits In Interchange Fee MDL, Court Says
• Rothstein Ordered To Pay $363M In Restitution
• Real Estate Schemer Weinstein Out On $10M Bail
• 11th Circ. Nixes Callaway Accountants' FLSA Suit
• Canadian Fund Acquires Aussie Toll Operator For $3B
• Muni Board Seeks To Expand Membership To 21
• Barclays Adviser Said He Made $10M In Lehman Deal
• CFTC Advises DOJ On Antitrust Probe Into CME Group
• 'Foreign-Cubed' Ruling Applies To RICO Claims: Judge
• Stikeman Advises ING In $2B Summit Industrial Sale
• The Legal Market In Transition
• New Trial Ordered On $32M In Damages Against KPMG
• BofA Needn't Arbitrate Client Poaching Case: 8th Circ.
• Ernst & Young Hit With Suit Over Parkcentral Collapse
• Prospect Medical Investors Sue Over $363M Merger
• Apple, Others Sued Over Communications Patents
• Discover Deal Closes Out DataTern Database IP Suit
• Allstate, BofA Close Out Parmalat Securities Spat
• The New Normal In Acquisition Finance Commitments
• Ex-Wachovia Employee Files $12M Suit Over 'Bias Firing'
• IDT Seeks To Revive Suit Over $42.5M Winstar Deal
• Dechert Reps Court Square In $500M Fibertech Buy
• Investment Banks Need 'Living Wills': Lehman Trustee
• FTC Capital To Pay $23M To End SEC Fraud Suit
• Ex-Barclays Exec Said He Hid Lehman Asset Details
• Stanford's Lies Preclude Coverage, Lloyd's Says
• Argentine Central Bank May Not Be Immune: Judge
• Union Hits Pryor Cashman With $42M Malpractice Suit
• Kazakh Bank Can't Dodge Foreign Debts Under Ch. 15
• Pepper Hamilton Sues FDIC Over Bank's Legal Fees
• Innkeepers Judge Greenlights Probe Into Apollo
• Dreier Trustee Sues Asset Fund To Recover $16.7M
• Santander Worker Traded Ahead Of BHP Offer: SEC
• NY Court Asked To Weigh In On Anti-Poaching Rule
• The AIFM Directive: Implications For Non-EU Managers
• Merrill, BofA Settle Derivatives Specialists' OT Suits
• WaMu Securities Case Added To Confirmation Process
• Discovery To Proceed In Signalife Securities Action
• Lehman Re Sues Lehman Bros. Finance Over Collateral
• Mass. High Court Clears Derivative Dismissal Rule
• CORRECTED: 7th Circ. Affirms Class Cert. For Conseco Investors
• Lenders Move To Stop Confirmed Bashas' Ch. 11 Plan
• Actrade Can't Block Jury Demand In $14M Surety Spat
• Heightening Scrutiny Of Repurchase Agreements
• Lehman Judge Scolds Barclays Over Video Testimony
• Fed Denied Review Of Order To Give Bailout Details
• BankAtlantic Ordered To Hand Over SEC Docs
• Banks Ask To Toss Investors' WaMu Securities Suit
• Disney Secretary's Boyfriend Cops To Insider Trading
• Oaktree Deal Clears Way For Almatis Ch. 11 Exit
• Proxy Advisory Firms' Beefed-Up Role In Exec Pay
• 11th Circ. Boosts BoNY In Noncompete Spat
• BofA, Ex-CEO Fight Cuomo Fraud Case
• Ex-Thornburg Execs Win Access To D&O Benefits
• FDIC Opposes Imperial's Exclusivity Extension Bid
• Man Group, GLG Settle Shareholder Suit Over $2B Deal
• Judge OKs Aegis Disclosure Statement, Asset Sale
• Former Refco COO Forfeits $2M In Fraud Probe
• Ex-Ernst & Young Atty Settles SEC Insider Trading Suit
• American Mortgage Closes In On Exit From Ch. 11
• Paychex Gets Bifurcated Trial In Premier FLSA Suit
• Stock Distributors To Disgorge $6M In SEC Settlement
• Fairfield Fund Sues To Recoup $162M In Madoff Payout
• HSBC Fined For Glossing Over CMO Risks
• Using Credit Ratings In Public Debt Offerings
• Sullivan Reps First Niagara In $1.5B NewAlliance Deal
• MarketXT Settles Trader's $37M Claim For $730K
• Shareholders Lash Out At Dynegy, Blackstone Deal
• Sills Cummis Eludes Ex-NJ Bank Execs' Malpractice Suit
• Ponzi Schemer Nadel Barred From Securities Trading
• Class Action Over Fairfield Madoff Losses Survives
• Merrill To Pay $2.5M For Missed Securities Discounts
• MasterCard To Buy UK's DataCash For $520M
• Mexicana Wins Injunction Blocking Plane Seizures
• Lehman Wins Control Of CDO Assets, French Deal Nod
• Judge Severely Narrows Morgan Stanley MBS Case
• Barclays' $298M Sanctions Deal Approved
• NJ Settles With SEC Over $26B Bond Offerings
• Hotel Chain Highland Hospitality Mulling Ch. 11
• ACCC Chair Steps Back From AXA-NAB Deal Review
• Realtime Launches New Round Of Data Patent Suits
• CDO's Credit Default Swap Beef With Wachovia Killed
• Innkeepers Deal Passes Muster With Lehman Judge
• CFTC Scraps Energy-Only Position Limit Draft
• Shareholders Fight Cerberus' Bid For BlueLinx
• Iran Sanctions Violators To Face Strict Penalties
• Former Wells Fargo VP Faces Trade Secrets Suit
• ConAgra To Pay $4.3M Over Oil Trade Settlement
• Compass Bank Pays To End Sudan OFAC Case
• UK Bans 5 Ex-Execs For Insurance Misconduct
• DC Circ. Won't Revive Age Bias Suit Against FDIC
• Limiting The In Pari Delicto Defense In Pa.
• 3rd Circ. Upholds Dismissal Of BDO Investor Action
• Judge Rejects $75M SEC, Citigroup Deal
• Feds Seek 6 Months For Ex-IBM Exec In Galleon Case
• Iranian Wire Transfer Defendant Gets 30 Months
• Financial Reform 101: SEC Enforcement Powers
• Paul Hastings Can't Escape $55M Malpractice Suit
• Coating Co. NCoat Enters Ch. 11 With $900M In Debt
• Ceramic Fuel Cells To Get $3.5M From Oakdale Suit
• Akin Gump Says Stanford Filed Request To Distract Firm
• Barclays To Pay $298M Over US Sanctions Violations
• Northstar Loses Claims Against Schwab On Appeal
• 11th Circ. Upholds Ex-Bankest Execs' Fraud Convictions
• NY Court To Weigh In On Divorce Funds In Ponzi Suit
• Arguments Against Fixed Fees, And Why They're Myths
• KeyCorp ERISA Stock-Drop Class Action Nixed
• $99M PHLX Settlement Ends Federal Case: 3rd Circ.
• Rajaratnam Wins Right To Challenge Wiretaps
• $390M Fannie Mae Financing Spat Survives Bid To Toss
• Nike, Capital One, Others Sued Over Web Sales Patent
• Simpson Thacher Reps Blackstone In $5B Dynegy Deal
• 8th Circ. Denies Class Cert. In ReliaStar Annuity Spat
• Waddell & Reed FLSA Suit Survives Dismissal Bid
• NJ Man Charged In $200M Jewish Real Estate Scheme
• Credit Suisse Loses Bid To Boot MBIA's MBS Claims
• Capmark Creditors Ask To Sue Citi, Goldman Over Loan
• Iowa Fund Seeks To Join Lehman Securities Case
• Plaintiffs Fail To Revive Credit Suisse Investor Suit
• BofA Off Hook For 'Deceptive' CD Interest Rate Claims
• SEC Enforcers Get Permanent Subpoena Power
• Lyondell, UBS Ask Court To Block Highland Suit
• Mayer Hoffman Hangs On To $1.4M Noncompete Win
• Extended Stay Creditors Drop Bid To Sue Over Buyout
• Fraud Claims Nixed In Fifth Third Shareholder Suit
• Morgan Stanley Can't Recover Ex-Brokers' Bonus Loans
• WG Receiver Seeks $110M From AIG Unit, Tufts, Others
• Banks Call Adelphia E-Mail Evidence A 'Red Herring'
• Corrected: Skadden Helps Fortress Add AIG Finance Unit
• Bank Regulators Start Rewrite Of Rating Agency Rules
• Wells Fargo To Pay $203M To Overdraft Fraud Class
• Dreier Trustee Seeks $28M From Collapsed Hedge Fund
• Examiner Gets Subpoena Power In WaMu Probe
• Adelphia Trust Fights To Save Claims Against Banks
• Madoff Investors Fight 'Net Equity' Ruling In 2nd Circ.
• Skadden Must Produce Documents In Quellos Case
• Lehman Minibond Holders OK'd To Go After LBSF
• FINRA Fines Morgan Stanley Over Conflict Disclosures
• New Century Shareholders Settle Claims For $125M
• IPOs As Exit Strategy For Private Equity Funds
• Black Brokers Denied Cert. In Merrill Lynch Bias Suit
• Chemtura Wins Green Light For $1B In Exit Financing
• Australia To Review AXA's Offer To Divest Platform Biz
• Tourre Readies For Court Battle With SEC
• WaMu Settles ERISA Claims In MDL For $49M
• Wachovia Wins Toss Of ERISA Class Action
• FDIC Avoids Liability For Dime Bancorp Warrants
• Fish & Richardson Still Repping BofA In Check IP Suit
• Goldman Faces US, UK Probes Over Abacus CDO
• Court Vacates Order For AmFin Examination
• Bradley Arant Picks Up Hunton & Williams Litigator
• Russia Orders Insurers, Banks To End Rate-Fixing
• Willkie Farr Scores 2 Orrick Finance Attys
• JPMorgan Directors Fail To Dodge SEC Suit
• DC Circ. Orders SEC To Review NYSE Arca Data Fees
• Latham Adds Vinson Energy Finance Expert In Houston
• Weil, Kirkland Rep Bain-Advent Duo In $3.2B RBS Sale
• ECB Backs Temporary Naked Short Sale Bans
• When You And Your Contingency Fee Client Disagree
• Securities Trade Group Backs Goldman In Bayou Suit
• Wells Fargo Recovers Premiums In Procedural Twist
• Mortgage Underwriters Hit Flagstar With OT Suit
• Funds Win Class Cert In JPMorgan ERISA Suit
• Barclays Readies $308M For US Sanctions Deal
• JPMorgan, LML Settle Check-Processing Patent Spat
• BofA Reaches Accord With ExpressJet In ARS MDL
• Senate Aims To Undo FOIA Exemption For SEC
• Madoff Trustee Wins $180M Judgment From Vizcaya
• Feds Target HSBC In Money-Laundering Probe
• Weil Work Product Protected From Prying Mayer Eyes
• Starr Ponzi Scheme Trial Postponed To 2011
• Cuomo Probes Predatory Health Care Lending Claims
• BofA Ends Fight With Insurer Over Parmalat Losses
• Pension Class Hits Marshall & Ilsley With ERISA Suit
• 2nd Circ. Says Creditors Can Use Argentine Fund Assets
• PwC, UBS Axed From Banco Popular Shareholder Suit
• Ex-Deloitte Partner, Son Settle With SEC For $1.1M
• FINRA Orders UBS To Pay Kajeet $81M Over ARS
• Banco Santander Scoops Up RBS Branches For $2.6B
• Skadden Snags Kirkland & Ellis Derivatives Partner
• Retained Asset Accounts In Context
• Donald Trump Hit With Fraud Suit Over Trump SoHo
• Ex-JPMorgan Specialist Loses Bid To Toss SEC Suit
• Milbank Picks Up Latham Leveraged Finance Team
• Stanford's Bid To Disqualify Akin Gump Falls Flat
• Wells REIT Fails To Nix Shareholder Merger Challenge
• Underwriters, IPOs And Potential FINRA Problems
• Aborted $13M Exchange Offer Could Cost Cohen $427M
• In Pari Delicto Claim Cut From Madoff Victims' Appeal
• Hedge Funds Win Access To $2B In Lehman Cash
• US Says It Has Given Stanford More Than Enough Docs
• US Says Rothstein's Ponzi Victims Owed $188M
• McKinsey Wire-Transfer Defendant Fails In New Trial Bid
• Santander Madoff Suit Belongs In Irish Court: Judge
• Credit Agricole Moves To Bolster European Operations
• Financial Reform 101: Securitization
• USPTO To Review Check Patent In BoNY, Deutsche Suit