Banking Archive » September, 2010

Banking - September, 2010

275 articles

• Oppenheimer ARS Fraud Suit Dismissed
• Judge Issues Gag Order In Stanford Criminal Case
• Doeren Mayhew Execs Can't Dodge $250M Ponzi Suit
• CNB Gets Another Would-Be ERISA Suit Dropped
• Consumers Urge High Court To Uphold AT&T Ruling
• JPMorgan Hit Again Over Denied Mortgage Relief
• AIG Reaches Agreement To Repay $182B Bailout
• Goldman's Tourre Moves To Toss SEC Claims
• SEC Fingers Ex-State Street Execs In Subprime Case
• Hedge Fund Manager Gets 6 Years In Petters Ponzi
• Officers Class Decertified In FLSA Suit Against HSBC
• Head Of Texas Firm Pleads Guilty To Securities Fraud
• Regulators Tee Up First Dodd-Frank Rules
• Debevoise, Simpson Guide $5B AIG-Prudential Deal
• Namvar Partner Pleads Not Guilty In $23M Fraud Case
• SEC Fines Ark $20M For Violating Client Covenant
• Beware EFTA Notice Requirements
• Lehman's London Ephemera Fetches $2.6M
• Ex-Jefferies Fund Manager Denies Using Inside Tips
• BofA, Countrywide Dodge Subprime Securities Suit
• SEC Targets Mass. Investment Adviser For Fraud
• Pentagon Capital, SEC Prepare For 2011 Trial Date
• DOJ Deputy Chief Of Staff Returns To Covington
• US, Texas Object To Aegis Mortgage Ch. 11 Plan
• SocGen Escapes Subprime Securities Class Action
• NJ Man Charged With Iran Embargo Violations
• Alleged $228M Real Estate Schemer Arrested In France
• Ambac Sues BofA, Countrywide For Mortgage Fraud
• No Safe Harbor In A Bankruptcy Storm
• 2nd Circ. Bars SEC Access To Galleon Wiretaps
• Morrison Ruling Applies To RICO Suits, 2nd Circ. Says
• Accusers Of Amaranth Win Class Certification
• 2nd Circ. Wrestles With Citi, S&P Stock Drop Suits
• NCoat Sale Approved Over Creditors' Disapproval
• Treasury Proposes Money Transfer Reporting Rule
• Takefuji Files For Bankruptcy Amid Liquidity Crisis
• 11th Circ. Nixes Ruling For Merchant Capital In SEC Suit
• Patent Verdict Against US Bank Doubled To $53M
• SLM Escapes FCA Suit Over Forbearance Practices
• FINRA Proposes All-Public Arbitration Panel Option
• Fraudster Brothers Can't Shake $78M Indictment
• Nadel Wants 5-Year Sentence For His $162M Fraud
• 5th Circ. Orders Stanford Detained For 3rd Time
• SEC Will Have To 'Leverage' Resources: Schapiro
• Equity Holders Submit New Plan For Meruelo Ch. 11
• Action Against AIG Over MBS, CDS Stays Alive
• Sallie Mae Dodges 1 Of 2 Securities Actions
• US Scraps Ex-Credit Suisse Broker Sentence Appeal
• FDIC Puts Off Resolution Authority Rule Vote
• Morgan Stanley Removes Advisers' Commission Suit
• Chase Sued Over Credit Card Protection Program
• Freshfields Reps 3i Group In $24.5M MIM Buy
• Laid Off Workers Hit Excel Storage With WARN Action
• Ex-Taylor Bean Chair's $2B Fraud Case Stays In Va.
• Morgan Stanley Seeks TRO Against Ex-Advisers
• WaMu Creditors Sue Bank Brass Over Pay
• Charity Fingers SEC For $20M Lost In Madoff Scheme
• SIGTARP — A New Enforcer On The Block
• WaMu Judge Tells JPMorgan To Give Docs To Insurers
• Former Cain Exec Gets 30 Months For Embezzlement
• 2nd Circ. Looks To NY Court In Argentina Bond Appeal
• E&Y Sued Over Petters Feeder Fund Involvement
• Judge To Hear Gryphon Fraudster's Bipolar Claim: Atty
• 11th Circ. Backs Colonial In Real Estate Case
• Convicted Tax Fraudster Denied Acquittal, New Trial
• Siemens First, QBE Settle $10.2M Trade Policy Tiff
• Judge To OK Citi's $75M Subprime Deal With SEC
• Norges Bank Sues Citigroup Over $835M In Losses
• Compensation Reform To Target Structure: Regulators
• Citigroup Strikes Deal In Worker Misclassification Suit
• Petters Co-Conspirator Fights 11-Year Sentence
• Convicted Ponzi Schemer Appeals 23-Year Sentence
• Aspen Tries To Duck Bill For Alleged $3M Stock Scam
• Wells Fargo Argues For Inclusion In Payment Card Deal
• Bankrupt Imperial Opposes FDIC's $48M Demand
• Bill Striking SEC FOIA Exemptions Heads To Obama
• Carlson Capital To Shell Out $2.7M Over Short-Selling
• Investor Contracts Save Fund Manager In SEC Suit
• Ex-UBS Banker Cops To Possible Insider Trading
• Insurance Implications Of Dodd-Frank
• House Lawmakers Call For Beefed-Up SIPC
• 3rd Circ. Nixes Class Settlement In Mortgage Litigation
• Guilty Plea Entered In Ex-Cowboy's $21M Fraud Case
• LA Real Estate Tycoon Indicted For Alleged $20M Fraud
• Nara Bancorp Prevails In $53M Derivative Action
• Wells Fargo Hit With Mortgage Class Action
• Prosecutors Seek 20 Years For Ex-Parmalat Chief
• TARP Inspector To Review $3.5B GM-Americredit Deal
• Parkcentral Investors File Suit Over Fund's Collapse
• SEC Investigation Targets Vision Capital Advisors
• ANZ Hit With Class Action Over Penalty Fees
• Cobalt Capital CEO Gets 3-Year Sentence For Fraud
• Lehman Says It Hopes To Exit Bankruptcy By 2011
• Andrews Kurth Atty May Be Charged In Stanford Case
• DOJ Targets $268M Hedgeloan Securities Plot
• 6th Circ. Clears Ernst & Young Of Accredo Fraud Claims
• SEC Targets Lawyer Over Mak 1 Ponzi Scheme
• Panel Probes Firm Conflicts In TARP Contracts
• Adelphia Trust Seeks $175M Settlement With Banks
• Geithner Optimistic On New Global Capital Rules
• DOJ, SEC Defend Pace Of Financial Fraud Prosecution
• Senate Repeals FOIA Exemptions For SEC
• Accesskey Exec Accused Of Stock Inflation Scheme
• Defining 'Employee' Under Anti-Discrimination Laws
• Lancer Chief Challenges Bond Package In Fraud Case
• PotashCorp Goes To Court To Block $40B BHP Bid
• EU Approves Major Financial Regulatory Overhaul
• Court OKs Schwab's $5.7M Deal With Investor Group
• Octogenarian Ex-UBS Account Holder Gets Probation
• Neff Scores Chapter 11 Plan Approval
• Underwriter, Traders Beat $1.3M Insider Trading Rap
• Madoff Victim Fights To Revive Claim Cut From Appeal
• Taylor Bean Files Ch. 11 Plan After Sealing FDIC Deal
• AHLH Noteholders Enter Mediation With Lone Star
• Max Capital Co-Founder Gets Prison For $20M Theft
• Lehman To Settle With Societe Generale, Net $445M
• Student Loan Investors Fight $600M Discover Buyout
• Watchell Reps Capital IQ's $300M TheMarkets.Com Buy
• Class Cert. Denied In H&R Block Warranty Action
• Cypress Investors Resist $163M Ramius Takeover Bid
• CFTC To Roll Out First Dodd-Frank Rules Oct. 1
• Experian To Pay $207M For US Credit Monitoring Firm
• Gryphon Head Says Bipolar Disorder Merits Trial Delay
• Judge Orders BofA To Disclose Report in ERISA Suit
• Ponzi Schemer Appeals 9-Year, $30M Sentence
• Convicted Securities Fraudster Claims US Delayed Trial
• Ameriprise Workers Win Cert. In Login, Logout Suit
• Discover Used 'Sleight-Of-Hand' To Sell Services: Suit
• 'Overbroad' Ruling On Bayou Fund Transfers Reversed
• AmEx Action Stayed For High Court Ruling In AT&T
• MasterCard, Visa Can't Escape Contactless Card IP Suit
• French Banks Fined €385M For Check Fee Collusion
• Insurers Ditch Parmalat Securities MDL Against BofA
• Wells Fargo OT Suit Bounced Back To State Court
• Defense Bar Gains Ground In Money Laundering Battle
• Ackman Venture Contests Ruling On Stuy Town
• Lancer Fraudster Denied Bond For Financial Woes
• BofA, Mortgage Unit Hit With Flood Coverage Class Suit
• SEC Proposes New Rules On Short-Term Debt Disclosure
• CME Group Fires Another Salvo In EFF Dispute
• UK Plans New Insolvency Rules For Investment Banks
• Funds Accuse Merkin Of Funneling Assets To Madoff
• Countrywide Execs Must Face Trial In SEC Case
• Judge Boots Investor Class Action Against Deutsche
• UBS Tax Dodger Sentenced To 1 Year In Prison
• Sidley Reps Discover In $600M Student Loan Corp. Buy
• Banks Beat Consumers' ATM Fee Antitrust Suit
• Visa Barred From New Business In China For 1 Year
• Morgan Stanley Execs Fight Suit Over $45B In Firm Pay
• Warren Gets Top Spot At New Consumer Bureau: Report
• Slaine To Pay Nearly $1M To End UBS Trading Probe
• Lawyers Sue Accounting Firm Over Underpaid Taxes
• Senate Panel OKs Increased Access To SEC Records
• Accredited Home Plan Would Divide Cash, Shutter Biz
• Dodd-Frank And The Future Of The Carbon Market
• CFTC Chair Touts 'Real Change' In New Swap Rules
• Wells Fargo Sues Insurer Over $8M Loan Default
• Bill Allowing Discharge Of Student Loans Advances
• Basell Noteholders Sue BNY Mellon Over Lyondell Deal
• Verizon Faces Suit Over Idearc Spinoff
• Forger Gets 5 Years For Petters Ponzi Scheme
• MetLife Whistleblower Wins $2.5M In FINRA Suit
• USTR Targets China Over Steel, Electronic Payments
• Ex-SEC Employee Denies Role In Boiler Room Scam
• Fla. Man Pleads Guilty In $880M Ponzi Scheme
• 9th Circ. Limits Electronic Search In MLB Steroid Case
• Suit Claims Widespread Sex Bias At Goldman Sachs
• Judge Tosses Most Of Subprime Suit Against ING
• EU Targets Short-Selling, OTC Derivatives
• Wells Fargo Again Fends Off Baltimore Subprime Suit
• Sullivan Reps York in $425M Credit Suisse Deal
• Standard Chartered Ducks Dubai Madoff Victims in US
• Ramius Boosts Cypress Bid To $163M
• Lenders Want Opening For Rival Innkeepers Plan
• Lehman Seeks Billions Over Payment Priority Flip
• Citigroup To Face Trial In Suit Over EMI Sale Price
• 2nd Circ. Revives Class Action Over MF Global IPO
• Jailed Ex-Bancorp Exec Can Still Face SEC Charges
• CFTC Fines Vitol $6M For Market Disclosure Failure
• Judge Lets WaMu Creditors Bring Avoidance Cases
• CDIB Accuses Morgan Stanley Of Subprime CDO Fraud
• Petters Co-Conspirator Reynolds Gets 11 Years
• Fund Manager Committed Fraud In PIPE Deals: Judge
• Reserve Loses Bid To Stay Discovery In Securities MDL
• Trader Seeks Dismissal Of Insider Trading Charges
• Shinhan Suspends CEO Over Embezzlement Probe
• Fairfield Greenwich Can't Appeal Preemption Rulings
• Alleged Al-Qaida Backers Escape 9/11 Suits
• NAB Nixes Deal To Acquire AXA APH
• JPMorgan Hit With Homeowner Class Action
• Quellos Execs Cop To $240M Tax Shelter
• Madoff Judge Approves $35M For Baker Hostetler
• FDIC Appeals Loss In $905M Setoff Fight With Colonial
• When Cloud Computing Meets E-Discovery Obligations
• Citi Urges Judge To Approve $75M Deal With SEC
• Ponzi Schemer Gets 10 Years For Printing Scam
• Wells Fargo, Old Republic End Loan Coverage Spat
• Convergys Exits Aloft Software Patent Suit
• Ex-Canopy CTO Pleads Guilty To Role In $93M Scheme
• 9th Circ. Boots Bank Fraud Convictions In BofA Case
• Petters Co-Conspirator Catain Gets 7 1/2 Years
• Countrywide, AIG Insurer End Subprime Policy Spat
• Promoter Of $100M Ponzi Scheme Enters Guilty Plea
• BofA's $4.7M Pay Stub Settlement Halted
• Ex-IBM Exec Gets 6 Months For Role In Galleon Ring
• BofA Seeks Interlocutory Appeal Over Merrill Merger
• Schwab Hits Ex-Broker With Trade Secrets Lawsuit
• SunTrust, Morgan Stanley, Merrill Dodge Securities Suit
• Financial Reform 101: For Small Cos.
• Lehman Judge Lets Experts Stay In Barclays Deal Trial
• Texas Ponzi Victims Can't Pursue Claims As Class
• Money Manager Starr Pleads Guilty To Fraud Scheme
• Goldman M&A Expert To Be New GSK CFO
• No 'Free' Offense For Investment Fraudster: US Attys
• 99% Of Dubai World Creditors OK $25B Restructuring
• SEC Clears Ferris Baker Watts Ex-GC In Fraud Case
• BK Investors Want It Their Way In $4B Sale To 3G
• Bank VP 7th To Plead Guilty In Muni Bond Probe
• Lloyds To Sell Crest Nicholson Stake
• Investment Fraudster To Serve 9 Years, Pay $30M
• Alleged Hedge Fund Fraudster Asks For Acquittal
• Australia Rejects Remedies In $12B AXA-NAB Deal
• US Atty Taps Old Pro To Head SDNY Civil Fraud Unit
• Aiding And Abetting Liability: Don't Hold Your Breath
• LendingTree Sues To Protect Mortgage Patent
• Credit Suisse Loses Bid For $229M Of Loan To Resort
• UK Watchdog Fines Goldman $31M Over SEC Info
• Ex-Exec Hits GE Capital With $10M Retaliation Suit
• Trader Detained For Pretrial Release Violation
• Ex-National Lampoon CEO Sentenced To 45 Months
• Case Study: In Re Almatis
• Refco Insurer Drops D&O Spat After Settlement OK'd
• Wells Fargo Settles Consultant FLSA Suit For $6.9M
• BNY Mellon Back On Hook Over Lehman Losses
• Fund Manager To Serve 2 Years, Pay $3M For Fraud
• NewAlliance Investors Sue Over $2B First Niagara Deal
• Bilski Decision Kills Vraston's Suit Over Trading Patent
• Nadel's Wife Must Divulge Her Assets To Receiver
• Early Report From WaMu Examiner Delays Ch. 11
• Loan Officers Win Cert. In First Option FLSA Suit
• Fed Lacked Details When It Backed Lehman Sale: Atty
• Schwab Faces Another Action Over Bond Fund
• Sonnenschein Removed In BDO Tax Evasion Case
• SEC Fines Rating Agency Lace For Misstatements
• Onex Ready With $340M Deal To Buy Rest Of ResCare
• Fremont Ch. 11 Trustee Seeks New World Fee Probe
• Petters Creditor Loses Bid To Oust Trustee
• Goldman Sachs Seeks To Toss Basis' $1.6B Suit
• Form 18 Complaints Trump Twiqbal: Judge
• Merkin To Pay $12.7M To Fund Over Madoff Loss
• Investment Firm Barred From Trading In Ponzi Suit
• Trainees Sue Merrill For Sex Bias, Retaliation
• Keeping FINRA And The SEC From De-Friending You
• Citizens Bank Workers Win Class Cert. In OT Fight
• Whistleblower In $4B Ponzi Scheme Case Gets 1 Year
• Allied Health Head Charged In $87M Lease Fraud Scam
• SEC Orders Muni Advisers To Register By Oct. 1
• Madoff Victims Decry Bid For $35M In Attys' Fees
• South Beach — Death And Taxes Assured
• Conn. AG Probes $2B First Niagara-NewAlliance Deal
• SEC Probes 'Quote Stuffing' For Link To Market Crash
• Innkeepers' Equity Swap Deal With Lehman Nixed
• Porsche Says Morrison Ruling Blocks Hedge Fund Suit
• Ernst & Young Settles CBI Malpractice Suit
• 3rd Circ. Shoots Down Mellon ERISA 'Snapshot' Appeal
• Firm To Investigate 3G's $4B Deal For Burger King
• FDIC's $905M Demand From Colonial Bancgroup Nixed
• $209M Black Diamond Debt Sends GSC Into Ch. 11
• Home Appraisal RICO Suit Against Wells Fargo Nixed
• 5th Circ. Sides With JPMorgan In Dispute Over Merger
• Emigrant's Appeal Of Award Over Banking Pact Nixed
• Texas Man Cops To $485M Oil, Gas Ponzi Scheme
• 5 Cases Impacting Investors In Public Cos.
• Suit Over Deloitte Audit Of Adelphia Statements Nixed
• Capmark Tries To Block Creditors' $1.5B Loan Suit