Banking Archive » December, 2010

Banking - December, 2010

252 articles

• Financial Services Cases To Watch In 2011
• Financial Services Regulation To Watch In 2011
• Considering New Expert Disclosure Requirements
• UBS Must Pay CNA Exec $2.2M For Lehman Losses
• Marshall & Ilsley Shareholders Sue Over $4B BMO Deal
• Calif. Tech Consultant Pleads Guilty In Trading Probe
• MBIA Gets OK To Use Stats In Countrywide Fraud Suit
• WaMu Bondholders Take JPMorgan Suit TO DC Circ.
• Judge Approves Lipstick Building Ch. 11 Prepack Plan
• Insurers Keep JPMorgan Bond Fraud Suits Alive
• Former UBS Banker Cops To Tax Fraud
• Leonard Green's $1.6B Jo-Ann Buyout Triggers Probes
• Ohio Teachers Sue Wachovia Over $24M Sigma Loss
• 3 Traders Face Penalties Over Odyssey, Liberty Plots
• Marsh Can't Shake $17.5M Fraud Suit
• SEC's Heightened Adviser Registration Requirements
• Hedge Fund Manager Targeted Over Stock Deal
• Ex-UBS Banker Gets Time Served For Insider Trading
• Lenders Push Life Settlement Co. LTAP Into Ch. 11
• JP Morgan Settles Fla. Securities Claims For $25M
• American Apparel Denies Withholding Financial Info
• Forex Trader Gets 15 Years For $37M Ponzi Scheme
• NJ Investment Firm Accused Of $40M Ponzi Scheme
• GlobeTel Strikes Deal With SEC In $119M Fraud Case
• Judge Won't Split Discovery In SemGroup Action
• Ex-UBS Banker Pleads Guilty To Insider Trading Scheme
• Pegasus Hedge Funds, Execs Settle SEC Fraud Claims
• Ex-Seyfarth Atty Slams DOJ Allegations Of Tax Fraud
• Obama Inks $250B Short-Term Funding Bill
• Using E&O Insurance In Foreclosure Litigation
• Ghost Of Arthur Andersen Haunts Ernst & Young
• Lehman Swap Counterparties Win $91M Ruling In UK
• Cynergy Data Ch. 11 Plan OK'd Over Ex-CEO's Protests
• Oppenheimer Can't Shield Internal Docs: Mass. Judge
• Former Madoff Aide Jailed After $5M Bail Revoked
• Simpson Thacher Reps TD Bank In $6.3B Chrysler Deal
• Bankruptcy Judge OKs Ambac's Use Of Funds
• SEC Unveils New Registration Rules For Muni Advisers
• Judge Freezes Ga. Fund Manager's Assets In Fraud Suit
• 11 States Join DOJ Suit Over Merchant Fees
• Senate Sends Short-Term Spending Bill To House
• US Places New Sanctions On Iranian Banks
• Stays Without Borders In Chapter 15?
• Deutsche Bank To Pay $553M For Tax Shelter Plot
• ICP Bid To Toss CDO Fraud Case Falls Short
• Receiver Seeks $12.5M From Ex-Stanford Brass
• Judge Delays Shareholder Vote In $1B Oracle-ATG Deal
• Prosecutors Want 2nd Mental Exam On Stanford
• Lancer's Garvey Makes 2nd Bid To Toss Fraud Case
• NY Investment Bank Fights For $3.4M Philly News Fee
• Morgan Stanley Hit With Investment Advice Suit
• Cuomo Sues Ernst & Young Over Lehman Audits
• Winston & Strawn, Starr Sued By Ex-William Morris CEO
• Ambac Shouldn't Maintain Investments, Trustee Says
• Convicted Tax Schemers Call For Fresh Trial
• Limited Partners In Bankrupt Madoff Funds Ask To Sue
• BNY Mellon Sues Santander Over Debt Interest Rate
• Regions' $3M Title Claim Against First American Stands
• Case Study: US V. Woolf Turk
• States Accuse BofA Of Deceptive Mortgage Practices
• Merkin's Madoff Feeder Fund Faces Another Suit
• Judge Nixes WaMu Shareholder's Bid To Unseal Docs
• Ex-Jefferies Fund Chief Gets 6 Years For Trading Scam
• Suits Pile Up Over JPMorgan, HSBC Silver Claims
• 2nd Circ. Bars Priceline From $336M Class Deal
• Ciena Settles Fraud Suit Over SBA Loans For $26M
• JDJ Reno Skirts Bankruptcy With AmFin Deal
• Dymas Gets On Board For Cynergy Ch. 11 Plan
• Barclays Knew Lehman Assets Were Off Limits: SEC
• 7th Circ. Won't Revisit Conrad Black Convictions
• BMO To Double US Size With $4B Marshall & Ilsley Buy
• BofA Settles ERISA Action For $21M
• Picower Widow To Give Back $7.2B In Madoff Profits
• Overstock Accuses Goldman, Merrill Of Short Sale Plot
• Secure Axcess Sues BofA, Other Banks Over Web Patent
• Senate Scraps $1.1T Spending Bill
• 5th Circ. OKs Freeze On Stanford Brokers' Assets
• Advanta Disclosure Statement Gets Court OK
• Plaintiffs Blast $137M BofA Deal In Muni Bond MDL
• US Answers Mandell Dismissal Bid With New Charges
• Ex-Winston Atty Targeted For Role In Ponzi Scheme
• SEC Accuses Wachovia Brokers Of $8M Fraud Scheme
• Cleary Reps AmEx In €496M Deal To Buy Rewards Co.
• TransUnion Beats Class Bid In Faulty Credit Score Suit
• Garrison Parks 4 Debt-Laden Properties In Ch. 11
• Judge Nixes WaMu Workers' FLSA Action V. JPMorgan
• GOP Report Blames Financial Crisis On Mortgage Losses
• $10M In Clawbacks OK'd In Westgate Fraud Suit
• Ex-Frontier CEO Says US Misused Depositions
• 5 Strategies For Avoiding Wiki Situations
• BofA Fights $590M Ruling Over Lehman Seizures
• Feds Charge 4 Consultants In Insider Trading Probe
• CFTC Unveils Revised Swap Exchange Facility Rules
• France To Buy Areva's STMicro Stake For €695M
• Lexington Buys $730M In Lloyds Private Equity Assets
• Goldman Bests Investor's $15M Suit Over Madoff Losses
• Lehman Bondholders Push Rival Reorganization Plan
• Ohio AG To Head Enforcement At New Consumer Bureau
• 2 Firms Strike Deals In NY Pension Corruption Probe
• 4 More Madoff Associates Deny Fraud Charges
• Ex-Lehman HR Head Seeks $1.4M For Lost Pay Raise
• Ex-Cynergy CEO Seeks $60M In Defense Costs
• Hebrew Boys Get Decades For Unholy $80M Scheme
• Lancer Exec Says High Court Ruling Bars $200M Case
• SEC Advances Rules On OTC Derivatives Market
• In-House Lawyers Attack SEC Whistleblower Program
• Teva's $70M ARS Suit V. Deutsche Tossed For Good
• Canada Targets Visa, MasterCard Over Merchant Rules
• Senate Unveils $1.1T Omnibus Spending Bill
• Lehman, BNY Mellon Unit Settlement Ends UK Case
• Wells Fargo Settles Pick-A-Payment Suit For $50M
• Australia Gives Blessing To $8.2B ASX-SGX Merger
• Union Fund Targets LPS Directors Over Robo-Signing
• What Congress Has Done Re: (Re)Insurance So Far
• Ex-UBS Banker Charged With Tax Evasion Conspiracy
• Hines Nurseries Wins Final $11M Of DIP Facility
• Skadden Reps HCP In $6.1B Nursing Home Deal
• Ex-Gryphon Workers Strike Deal In SEC Fraud Case
• XL, BofA, Others Want Payback From $50M Fraudster
• Audit Board Proposes $15M In Broker-Dealer Fees
• Morgan Stanley Says Ex-Manager Stole Employees
• New York Life Sued Over Alleged Madoff Losses
• Plaintiffs Seek Class Cert. In Credit Suisse Suit
• Swiss Financial Co. SIX Fined $7M In Antitrust Probe
• Madoff Recovery Efforts Net Law Firms $44M
• Goldman Appeals Loss In $21M Bayou Arbitration Case
• Death Knell Of Placement Agent Outcome-Based Pay
• Credit Suisse Escapes Claims In National Century MDL
• Ex-GE Capital Exec Gets 10 Years In Fraud Case
• US Atty Sues Over Alleged NY House-Flipping Fraud
• Settlement OK'd In Wachovia Call Center OT Case
• Madoff Son's Suicide Won't Stop Suits, Trustee Says
• Creditor Squabble Pushes Back GSC Sale Bid
• PE Firm Founder Sues Madoff Feeder Fund
• Feds Unhappy With Madoff Employee's Bail Proposal
• Judge Nixes Shareholder Suit Over Morgan Stanley Pay
• 'Unfocused, Numb' Stanford Seeks Competency Hearing
• Setoffs In Bankruptcy
• ABN Amro Hit With Fine For Bad Financial Advice
• Ex-Canopy CEO Admits To Wire Fraud In $93M Scheme
• Lenders Seek To Force South Edge Into Ch. 11
• DoubleLine Cooperates With Probe In TCW Row
• Lehman, Nortel Forced To Cover $3.6B In Pension Debt
• Goldman's Tourre Says SEC Case Has 'Fatal Defects'
• Bankrupt QOC Wins Approval Of Wells Fargo Deal
• Jury Convicts Goldman Code Theft Defendant
• Ameriprise Fee Class Action Finally Flatlines
• Judge Nixes Final Claim In State Street ERISA Suit
• Merrill Lynch Squandered Funeral Investments: Suit
• Morrison Cohen Reps North Castle In Atkins Sale
• Madoff 'Criminal Soul Mate' Hit With $60B Fraud Suit
• WikiLeaks Host Threatens To Sue Visa, MasterCard
• Colo. Co. Says SEC To Blame For $19M In Madoff Losses
• Goldman IP Defendant's Atty Calls US Case Baseless
• Priceline Challenges $336M Currency Fee Deal
• Ex-BofA Workers Took Client Info To Dynasty, Suit Says
• 3 Ex-UBS Execs Indicted In Muni Bond Fraud Suit
• Broker-Dealers Have No Duty To Noncustomers
• Feds Fight Ex-Frontier CEO's Bid To Nix Fraud Charges
• Lehman's ADR Procedures Bid Inspires Objections
• MasterCard Adds Travelex Unit In $458M Deal
• Visa Europe Settles Antitrust Suit With EU, Drops Fees
• CFTC Delays Vote On Swap Exchange Facility Rule
• Ponzi Schemer Nadel Fights For Right To Appeal
• AmEx Hit With Patent Suit Over Contactless Cards
• Madoff Trustee Wants $1B From Citigroup, Other Banks
• Parmalat Founder Gets 18 Years For Fraud
• Aldus Equity, Top Lobbyist Settle Pay-To-Play Probe
• SEC, CFTC Lay Out Concerns About Tech, Resource Gap
• Discover Seeks To Toss Fla. Hidden Fees Class Suit
• AHM Bankruptcy Judge Tips US Atty To Possible Fraud
• Mayer Brown Private Equity Team Jumps To DLA Piper
• LandAmerica Can Keep 'Privileged' Docs From CDC
• EU Pushes Prison For Major Financial Violations
• High Court Grills Credit Card Plaintiffs' Counsel
• Madoff Trustee Seeks $635M From UK Unit, UBS
• Marsh Wants Bail Terms Eased In $20M Fraud Case
• US Says Goldman IP Defendant Infringed 'Wheel'
• Petters Victim Asks High Court To Rule On Restitution
• MBIA Targets Morgan Stanley In Latest MBS Suit
• Ball To Snap Up Aerocan For €221M
• Ex-First Security VP Gets 5 Years In $5M Fraud Case
• WaMu Makes Final Push In Support Of Ch. 11 Plan
• CRE Capital, Owner To Pay $26M In Forex Ponzi Suit
• Madoff Trustee Strikes $550M Settlement With Shapiro
• Judge Again Denies Bid To Dismiss Ivy ERISA Suit
• Another Firm Says It's Not Target Of US Trading Probe
• Investors Tell High Court Janus Is Liable For Funds
• Stanford Still Wants Out Of Prison As Trial Nears
• Carlyle To Snap Up Majority Stake In Claren Road
• 2nd Circ. Won't Lift Lehman Stay For SunCal
• Fed. Circ. Reverses Western Union's $16M Patent Win
• Bryan Cave, AmEx Tax Shelter Case Pared Down Again
• US Won't Seek Prison For KB Homes Backdater
• BofA To Pay $137M In Muni Bond Bid-Rigging Probe
• CFTC Loses Bid For Quick Win In Capital Blu Fraud Suit
• Refco MDL Special Master Says Many Claims Should Go
• 2nd Circ. Questions ARS Harm In Butler Appeal
• Anderson Kill Hooks Dickstein Shapiro IP Vet
• SEC Pushes To Beef Up Broker-Dealer Custody Rules
• The End Of Class Actions? Not Likely
• Debevoise Grabs Former NY Insurance Superintendent
• Colo. Fund Manager Gets 40 Years For Ponzi Scheme
• Ex-Madoff Employee Needs Co-Signers To Make Bail
• DOJ Touts Nationwide Investment Fraud Sweep
• UBS Insider Trader Wants Time-Served Sentence
• UBP To Pay $470M-Plus To Avoid Madoff Litigation
• Investors Renew Class Action Against Lehman Directors
• BofA Allowed To Ditch Counsel In Lehman Case
• Demystifying Alternative Fee Arrangements
• Janus Ruling Hinges On Who 'Makes A Statement'
• FINRA Hits Citi With $2.4M Ruling Over Mat Five Fund
• Shareholders Say WaMu Can't Hide Behind Privilege
• AIG's Nan Shan Unit Gets 3 New Bids
• Sky CEO Wants Charges Tossed, Cites F-Cubed Ruling
• SEC Advances Proposals For Swaps Oversight
• 15-Year Sentence Reinstated For National Century Exec
• SEC Drops Case Against 2nd Smart Online Exec
• Ex-UBS Banker Charged In Muni Bond Probe
• A Look At Illinois Foreclosure Reform
• 9th Circ. Revives 2 Dozen Suits Over IPOs
• SEC Defers Five Dodd-Frank Offices Over Budget Issues
• Courtroom Sealed At Ex-Goldman Programmer's Trial
• Bentley Receiver Asks High Court To Hear Ponzi Suit
• RSL Investors Lose Bid To Go After Lehman Insurer
• WaMu Adviser Defends Pivotal Deal In Ch. 11 Plan
• TCW Targets DoubleLine Trust In New Trade Secret Suit
• Managers Of Bogus Hedge Fund Cop Guilty Plea
• JPMorgan Cries Fraud, Sues Lehman Over $25B Loan
• What's Due Process Got To Do With It?
• Judge Lets $600M Citigroup Unit Sale Move Ahead
• $6.4B Suit Implicates JPMorgan In Madoff Fraud
• Fifth Third To Settle Overdraft Suit For $9.5M
• Conversion Evidence Battle Ends In DOJ's Favor
• 8 Years In Prison Enough For Smart Online Exec: SEC
• Investors Sue Principal Over Fund Redemption Dates
• Funds Defend Securities Suit In WaMu Bankruptcy
• SEC, CFTC Hit MexGroup With 1-2 Punch
• Ex-NYC Council President Cops To Tax Charge
• Judge Won't Toss $20M Bayou Award Against Goldman
• Federal Wins Dismissal Of $5M Omega Coverage Suit
• Callaway Accountants Take OT Suit To High Court
• Fraudster Asks High Court To Overturn Conviction
• Day Pitney Atty Wins Exit From UBS Trading Case
• CFTC OKs Proposed Rule Regulating Swaps Market
• Lehman Seeks To Expunge $469M In Claims
• Hedge Funder Snared In $35M Black Diamond Fraud
• E&Y Asks High Court To Rule On Insurance Law's Reach
• 2nd Circ. OKs 5 Years, $30M For Mortgage Fraudster
• Merrill Shakes Some Claims Over $237M ARS Bonds
• Money Manager Starr's Sentencing For Fraud Delayed
• The SEC's Lessons For Medical Consultants