Banking Archive » November, 2010

Banking - November, 2010

263 articles

• Ex-Bank VP 8th To Plead Guilty In Muni Bond Probe
• CFTC Eyes Enforcement As Reach Expands
• SEC Felt Pressure To Bring BofA Case: Report
• RBC Asks High Court To Review $65M Securities Verdict
• Barclays Fires Back At SEC In Lehman Asset Dispute
• Wells Fargo Overtime Suit Remanded Again
• Madoff Trustee Continues Pursuit Of Family Assets
• Consumers Fail To Revive ATM Fee Antitrust Suit
• Raided Firm Says It's Not Target Of Trading Probe
• Ex-Deloitte Partner, Wife Sued For Insider Trading
• Schwab's $235M YieldPlus Deal Gets Initial OK
• CFTC Ducks Sanctions Bid In $17M Fraud Suit
• SEC Pump-And-Dump Suit Against Atty Lives On
• Insurer Seeks To Dodge Levine Katz Malpractice Claims
• Lifting Code Not A Crime, Ex-Goldman Programmer Says
• Excuse Or No, A Late Claim May Cost You
• Lehman Sues BofA, Barclays Over $150M Liquidation
• Liquidity-Strapped Palm Harbor Files For Ch. 11
• CFTC Can't Block Evidence Of Receiver Misdeeds
• Moody's Wins Toss Of Whistleblower Termination Suit
• Holder Confirms Criminal Probe Of Wall Street Firms
• J.Crew Shareholder Sues To Stop $3B Takeover
• Skadden Reps Veritas In $525M CPI Deal
• Mass. Homeowners Press On In Chase Mortgage Suit
• More Madoff Relatives Hit With Suits By Trustee
• SunCal Asks 2nd Circ. To Lift Stay In Lehman Ch. 11
• Fifth Third Beats ERISA Stock Drop Class Action
• Escalating Anti-Bribery Enforcement
• Irish Lender Escapes Bondholder Bid To Force Wind-Up
• Hedge Fund Networker Charged With Securities Fraud
• Ex-Doral Exec Fights Conviction In $4B Fraud Suit
• Tribune Creditors Get OK For Unredacted Complaint
• Reforms Make It Easier To Sue Hedge Funds
• 11th Circ. Favors NFL, Union In Suit Over $20M Ponzi
• Judge OKs Galleon Wiretap Evidence, Severs Trial
• Ex-Madoff Employee Wins Conditional OK For Release
• BB&T Broker Loses Bid To Toss Fraud Suit Over ARS
• Trustee Suit Claims UBS Facilitated Madoff Fraud
• Citi To Resolve Hawaii's Losses From $1.1B ARS
• Regulators Begin Drafting Systemic Risk Rules
• Nothing Strange About STOLI
• KeyCorp, Execs Hit With Tax Scheme Shareholder Suit
• Tricadia Seeks To Preserve $17B Tax Claim For WaMu
• Janus, SAC, Others Targeted In Insider Trading Probe
• Fla. Auto Loan Maven Charged With $100M Fraud
• Barclays, Lehman Make Last Arguments In '08 Sale Row
• Sentry Clawback Suits Stay In Ch. 15 Court For Now
• SEC Settlement With Mak 1 Atty Over Fraud Gets OK
• Dynegy Shareholders Snub Blackstone's $4.7B Bid
• 2nd Circ. Denies Superdome Owner Arbitration Bid
• The Content Marketing Revolution
• House Rep Wants Audit Of Fannie, Freddie Legal Fees
• Pond Gets Claim Trimmed From SEC Fraud Suit
• PFF Bancorp Settles With FDIC On $44M Tax Refund
• Feds Say 2.5 Years Is Enough For KB Home Backdater
• Madoff Feeder Fund Files For Ch. 11 To Aid Settlements
• Receiver Case Against Stanford's 'Outside Wife' OK'd
• Admiral Fights Coverage For Law Firm's Defense
• Banks Make 2nd High Court Bid To Block Bailout Info
• Chiesi Argues To Suppress Evidence In Galleon Case
• AmEx, Others Agree To UK Consumer Debt Changes
• FBI Raids 3 Hedge Funds In Securities Probe
• SEC To Settle Suit Against Wall Street PR Firm
• Fred Leighton Owner Hit With Fraud Charges
• Key Players In Dodd-Frank's Post-Election Future
• Camp Resigns After Guilty Plea On Drug Charges
• SEC Advances Hedge Fund Oversight Proposals
• Bribery Defendant Giffen Walks Away With No Penalty
• Fraudster Isaacson Deserves Full Sentence, US Says
• Vedanta Secures $6B In Financing For Cairn Deal
• Canadian Broker Gets 25 Years For $55M Stock Fraud
• Lehman Pro Se Gadfly Appeals Judge's Dismissal
• Comforce Shareholder Sues To Bar $85M ABRY Bid
• Ex-Societe Generale Trader Convicted In Secrets Case
• The 21st-Century Law Firm
• Schwab, YieldPlus Plaintiffs Patch $235M Settlement
• Banks May Be Liable For MBS Losses, Ambac Unit Says
• Financier Bruteyn Loses Post-Trial Acquittal Bids
• Wells Fargo To Pay Citi $100M To Settle Wachovia Fight
• CFTC Proposes Real-Time Swap Reporting Rule
• Platinum Management Faces $20M Suit Over Oil Deal
• Ex-Milberg Attys Hit With $20M Madoff Clawback Suit
• UBS Settles Mass. 'Hedge Fund Hotel' Suit
• Judge Rejects Travelers' Reconsideration Attempt
• Ex-SocGen Trader Argues Against IP Theft Conviction
• PwC Gets Convertibles Investor Suit Nixed
• Fed Pushes Volcker Rule Compliance Schedule
• 2nd Circ. Affirms Toss Of Refco Trustee Fraud Claims
• BankAtlantic Lied About Loan Risks, Jury Finds
• Ex-Madoff Workers Face Conspiracy, Fraud Charges
• Cuomo, SEC Pummel Rattner Over NY Kickback Scheme
• Advanta Creditors To Depose Execs On $52M Claim
• BofA Settles With Investors Over Alleged Fraud Claims
• NY Law Permits Sale Of Life Policies, Court Rules
• Brooklyn Fund Manger Convicted In $40M Ponzi Scheme
• Ex-Ropes & Gray Associate Disbarred For Fraud Deal
• 2nd Circ. Won't Touch Plan In WexTrust Ponzi Suit
• Ex-Gen Re Execs Ask 2nd Circ. For Conviction Reversal
• Student Lenders Pay $57.8M In Subsidies Case
• Prosecutors Seek 17 Years For Forex Trader
• Issues For Secured Creditors In Insurance Insolvency
• Criminal Probes Of Failed Bank Execs Under Way
• Lloyd's, Akin Gump Dodging Legal Bills, Stanford Says
• $3M Bail Set For Doctor Accused Of Tipping Off Fund
• Tri-Star CEO Hit With Fraud, Kickback Charges
• Dynegy Stalls Vote On Blackstone's New Takeover Bid
• Ernst & Young Escapes OT Class Action In New York
• Fed. Circ. Nixes Eon-Net Atty's Bid To Avoid Sanctions
• Cuomo Eyes Quadrangle For Rattner's Financial Data
• Judge Tells BofA To Return $500M To Lehman Bros.
• BofA Ends Bias Fight Over Merrill Retention Bonuses
• 2nd Circ. Nixes Investing Co.'s Bid For Fraud Coverage
• Ex-Doral Exec Gets 5 Years In $4B Stock Fraud Case
• Texan Sentenced To 7 Years In Prison For Fraud
• Gryphon Head Awaits $20M Fraud Trial From Home
• Home Of Latham Watkins, Madoff Offices Files Ch. 11
• Are Your Counterparty's Promises Enforceable?
• Ch. 11 Trustee Fights For Rothstein Firm Funds
• DOJ Guns For Ringleader In Advance-Fee Scheme
• Class Accuses SEC Of Negligence In Handling Madoff
• SEC Imposes Pretrade Verification Rules
• Broker Transferred Assets To Wife To Avoid Fines: SEC
• Clayton Reps AMP In $13B AXA Asia Pacific Deal
• Capmark Creditors Want To Go After Goldman
• Wells Fargo Deal Would End QOC's Ch. 11 Case
• Judge Trims Claims In Madoff Feeder Fund Case
• DOJ Says Financial Crime Still Top Challenge
• Oaktree Wants Akin Gump Disqualified In Tribune Case
• US Fights Doral Fraudster's Bid For New Trial
• Pentagon Capital Loses Brady, Giglio Bid In SEC Suit
• SEC Secures Injunctions In $300M Gold Mine Scheme
• 2 More Galleon Guilty Pleas Unsealed In US Court
• Madoff Trustee Seeks $70M From Ex-Employees
• Bowing To Mortgage Crisis, C-Bass Files For Ch. 11
• Doctor Preps Bail Package In Hedge Fund Tip-Off Case
• Cynergy Creditors See Little Return Under Ch. 11 Plan
• Mesa Air Creditors Say Ch. 11 Plan Is Cloudy
• Smith Goes To Washington As Housing Finance Head
• Barclays To Offer Same-Sex Partner Tax Offset
• Prudential Issues $1B In Stock To Fund AIG Deal
• Allen & Overy Reps Misys In $379M Sophis Deal
• Allied Loses Bid For Liquidation Costs From US
• Dallas Fraudster Says Conviction Doesn't Fit Crimes
• FSA Requires Taping Of Bankers' Work Cell Phones
• The SEC's Whistleblower Balancing Act
• Prosperity Exec Faces New Counts In Fraud Case
• BofA Wants RICO Foreclosure Class Action Tossed
• Seneca Launches Proxy Fight For Dynegy
• $27M Ponzi Schemer Promised Returns, Oil Wealth: SEC
• SEC Picks Up WilmerHale Atty For Enforcement Spot
• Bankrupt AHM Wins $5.5M Waterfield Settlement
• Lehman, Lloyd's Try To Block Securities Action Claim
• Feds Want 30 Years For $4B Securities Fraudster
• Plaintiffs Drop Bare Escentuals Securities Class Action
• CFTC Set To Lay Out Real-Time Reporting Rule
• European Parliament OKs Final Hedge Fund Rules
• Judge Lets Labor Chief Weigh In On Ivy ERISA Suit
• Lightstone Hit With $100M Suit Over Hotel Bankruptcy
• Nadel Receiver Nets Settlements With 7 Defendants
• Innkeepers Wins Extension For Exclusivity Window
• Flag Telecom Class Action Ends With $24M Deal
• Citigroup Investor Class Action Trimmed
• Madoff Judge Greenlights New Wave Of Investor Suits
• Case Study: Kirschner V. KPMG
• Mass. Sues Broker Over Alleged Bid-Rigging
• Australia Probes SGX's $8.2B Purchase Of ASX
• High Court Weighs Class Action Bans In Arbitration
• 6th Circ. Backs Federal Seizure Of $20M Diamond
• Goldman Fined For Late FINRA Filings
• AHM, Creditors Wail On Borrowers' Atty Fees
• Ariz. Attorney, CPA Sentenced For Tax Evasion Plot
• Judge 'Disappointed' In SocGen Trade Secrets Attys
• Swedish Pension Fund Sues BNY Mellon Over $35M Loss
• Feds Get 2nd Guilty Plea In $17M W Financial Fraud
• Financial Firms Face Growing Risk Of Hackers
• JPMorgan Can't Shut Down Banker's Age Bias Suit
• Ambac Sues US To Protect $700M In Tax Refunds
• Imperial Capital Creditors Object To Hiring Of KPMG
• Stanford Takes Speedy Trial Fight To 5th Circ.
• A Brave New World For Reinsurance Credit Rules
• Wilmington Trust, M&T Deal Faces Shareholder Ire
• Funds Unfazed By Report On $4B WaMu Stock Transfer
• Schwab Wants Out Of $235M YieldPlus Fraud Deal
• NY Comptroller Ends Securities Case Against Merrill
• Lehman Seeks $90M To Pay D&O Legal Fees
• Bank's Coverage Suit Over Alleged $18M Fraud Pared
• $21M Arbitration Award Withstands Goldman Challenge
• Ambac Declares Bankruptcy Without Prepack Deal
• Morgan Stanley Seeks $40M In Futures Contract Spat
• Gryphon Schemer Still Scheming, DOJ Claims
• Hariri Gets 18 Months For Role In Galleon Trading Ring
• MBC Leader Asks Again To Sever Attorney's Case
• Centaur Creditors Can Seek $99M From Credit Suisse
• Isilon Exec Wins Disclosure Of PwC Docs In SEC Case
• 10 Appellate Tips From A Former Chief Justice
• BofA, Citi Facing More Than $375B In MBS Suits
• Judge Boots $350B Countrywide MBS Action For Now
• WestLB Sues Canadian Co. Over $69M Credit Pact
• Publisher Sues Deutsche Bank Over Postbank Deal
• Stinson Indicted For Alleged $17M Ponzi Scheme
• US Backs Argentina In 2nd Circ. $105M Debt Battle
• High-Frequency Trades May Be Off Hook In Flash Crash
• Ex-Goldman VP Settles Sex, Pregnancy Bias Case
• GMAC Hit With Class Action Over Fla. Foreclosures
• Credit Suisse Balks At Thornburg Witness Request
• Ponzi Schemer Facing 23 Years Asks For Court Atty
• Judge Seeks To Put To Rest Bayou Clawback Suits
• The ABCs Of Managing Policies And Procedures
• Italy Fines MasterCard, Banks Over Interchange Fees
• Fraud Coverage Suit Survives Zurich Dismissal Bid
• AmEx To Acquire Accertify Inc. For $150M
• La. Tries To Revive Arbitration Bid In Merrill ARS Suit
• HSBC Sells Rail Unit To Investment Funds For $3.3B
• Judge Keeps SocGen Trade Secrets Trial Open
• PrimeLending Loan Officers Sue For Overtime Pay
• Judge Hands Win To BNY In Sentinel Fight
• BofA Faces False Marking Suit Over Sample Cards
• Ex-Hevesi Aide Reaches Pay-To-Play Plea Deal
• Indicted Galleon Traders Seek Dismissal
• Valeant Settles Biovail Frivolous Suit Claims For $10M
• NY TARP Fraudster Hit With $1.75M Civil Judgment
• SEC Proposes Anti-Fraud Rule For Swaps
• New Banks Face Barriers To Expansion, UK Says
• Citigroup Defeats Terra Firma Suit Over $6B EMI Deal
• Case Study: Bonte V. US Bank
• Feds Charge Ill. Man With $5M Investment Fraud
• CFTC Hires Skadden Partner To Head Enforcement
• Argentina Asks US Supreme Court To Protect Assets
• Jurors Begin Deliberation In Citigroup-Terra Firma Row
• BofA Sues Old Republic For Denying Mortgage Claims
• DOJ Says Ex-Seyfarth Atty Ran $370M Tax Shelter Scam
• GOP May Slow Down Financial Reform
• Securities Markets At Stake In Enron Suit: Investors
• SEC Adopts Rule To Limit Naked Access To Markets
• Ramping Up Rules For Covered Financial Cos.
• Court Awards $20M To Former Clients Of Villalba
• Broker Wants Coverage For $485M Provident Fraud
• Ex-Madoff Worker Fights Seizure Of House, $2M
• Ex-Clifford Chance Atty Alleges Widespread Firm Bias
• Prepack Ch. 11 May Be Ambac's Only Hope
• French Doctor Busted For Allegedly Selling Inside Tips
• Spanish Lender Takes $5.9B Stake In Turkish Bank
• Madoff Marketing Arm Settles With SEC
• Ex-NBA Star Wants 2nd Award From Morgan Keegan
• Murky Waters After Bayou Reversal
• Gov't Seeks 17 Years For Ex-Duane Reade CEO
• SEC To File New Complaint Against Goldman's Tourre
• FDIC Targets Heritage Bank Execs Over $20M In Losses
• SEC Puts JPMorgan In Hot Seat Over CDO Deal
• Examiner's Report Gives OK To WaMu Settlement
• Rajaratnam Fires Back At Feds Over Wiretap Evidence
• Judge OKs $975M Capmark Settlement With Lenders
• Ex-Hedge Fund Manager Cops To $71M Ponzi Scheme
• AIG Scores Another $22B In TARP Funding
• Madoff Recovery Lags Despite High Legal Fees
• Skadden Advises Wilmington Trust In $351M M&T Deal
• Utah Judge Exits $100M Ponzi Case Over Bias Claim
• Georgiou Witness Had Psychiatric Issues, Attys Say
• Feds Add New Counts To $40M Ponzi, Porn Seller Case
• SEC Freezes Brewer's Assets Amid Fraud Claims
• Thoughts On Say-On-Pay Frequency
• Ambac In Talks For Prepackaged Ch. 11 Plan
• Customer Service Reps Slap TD Bank With OT Action