Banking Archive » January, 2011

Banking - January, 2011

286 articles

• Trade Group Asks SEC For Answers On Expert Networks
• Deutsche Bank To Pay $14M In GM Swap Settlement
• Broker Manipulated Rice Futures, Trader Class Says
• Nutter Atty To Aid Mass. In SEC Goldman-Cahill Probe
• Tourre Loses Bid To Delay Depositions In SEC Fight
• Bankrupt Vertical Founder Sent Into Liquidation
• Velvel Loses Latest Appeal Bid Against Madoff Trustee
• WaMu Underwriters Can't Shake Securities MDL
• The Persistent Churn Of Law Firm CMOs
• McKinsey Cries Foul Over Rajaratnam Subpoena
• Conn. Bank Hits Countrywide With Subprime Action
• Convicted Goldman Programmer Fights For Acquittal
• Feds Call Dismissal Bid By Madoff Aides 'Frivolous'
• Judge Hits Minn. Ponzi Mastermind With $85M Penalty
• Quellos Execs Get 4 Years Each For Tax Scheme
• Ex-Sky Capital Brokers Cop To $140M Fraud Scheme
• COFC Correct Venue For FDIC Contract Suit: Fed. Circ.
• SEC Fights Tourre's Bid To Delay Depositions
• Ex-J&G Attys Want Evidence Barred In Tax Fraud Case
• Akin Gump, Sydow Clash Over Stanford Suit's Venue
• US Hits Back At Ex-Seyfarth Atty's Dismissal Bid
• Disney Secretary's Boyfriend Gets 2 Years In Fraud Plot
• Rothstein Partner Settles With Bankruptcy Trustee
• Convicted Lancer Fraudster Remains On Hook
• Ky. Bank To Take Merrill Lynch ARS Suit To 2nd Circ.
• The WaMu Lesson: Craft Your Releases Carefully
• US Targets HSBC Over Tax-Evasion Services
• SEC Study Urges Unified Website For Investor Info
• Goldman's Tourre Seeks Deposition Delay In SEC Suit
• Feds Predict Attacks On Witnesses In Tax Fraud Case
• Ore. Hits Countrywide With $14M Subprime Suit
• NY AG's Office Beefs Up Fraud-Fighting Units
• Ex-Bank Exec Cops To Insider Trading Scheme
• Morgan Lewis Reps Susquehanna In $273M Bank Buy
• Investment Banks Should Lower Underwriting Fees: UK
• Aspen Exploration Owners Plead Guilty In $56M Fraud
• SC Sues BNY Over $200M In Subprime, Lehman Losses
• Smart Technologies Faces Class Action Over $660M IPO
• Wis. Gov. Signs Tort Reform Bill Despite Criticism
• Culture Shock: Private Equity Under The Microscope
• Financial Crisis Was Preventable, Report Says
• Pulsar Re Says Lehman Looted $450M Ahead Of Ch. 11
• Stanford Ruled Incompetent To Stand Trial
• CDR Asks Judge For 15-Month Delay In Bid-Rigging Trial
• MissPERS Seeks Return To $950M RBS Securities Suit
• Money Manager Indicted Over Regulator Death Threats
• Ex-Lancer Exec Loses Bid To Nix $200M Fraud Case
• CFTC Uses New Forex Authority To Sue 14 Dealers
• 2 Ex-Galleon Traders Plead Guilty As Trial Nears
• House Panel Absolves Lawmakers In Fundraising Probe
• Latham Reps Carlyle In Dutch Private Equity Firm Buy
• Asset Managers Face New CFTC Disclosure Rules
• Nadel Receiver Reaches Deal With Calif. Investor
• Madoff Investors Slam SEC, Sue Agency For Negligence
• New Lehman Plan Ups Unsecured Creditors' Recovery
• Wiretaps, Electronic Searches And The 4th Amendment
• UK Fines Barclays $1.8M For Mixing Client Funds
• K&L Gates Adds Corporate, Energy Partners In London
• FDIC Sues Dead Bank Over Millions In Bad Loans
• Manhattan DA Wants To Give Martin Act More Bite
• Obama Taps Cohen As Economic Sanctions Chief
• Ex-Thornwater Exec Pleads Guilty In $140M Fraud Case
• FASB Backtracks On Fair Value Accounting
• Ambac Assurance Rehabilitation Plan Approved
• Quellos Execs Seek Minimum Sentence For $240M Fraud
• BofA, Dynasty End Worker Trade Secrets Suit
• Merrill Lynch Settles SEC Fraud Charges For $10M
• Man Claims Insanity In $15.8M Ponzi Scheme Case
• Advisers To Drop Most Claims Against Morgan Stanley
• Venture Financial Strikes Deal In ERISA Action
• Retirees Can't Sue Over Enron Losses, JPMorgan Says
• House Reps Tussle Over Funding For Finance Regulation
• Dodd-Frank's Orderly Liquidation Authority
• Investors Hit Countrywide With Subprime Fraud Suit
• Del. Judges Put Mortgage Doc Destruction On Hold
• SEC Orders Ex-SpatiaLight CEO To Pay $3.3M
• Ex-New York Financial Head Cops To $1.6M Fraud
• Bear Stearns Securities Action Survives Dismissal
• BNY Mellon Slammed With Age, Sex Bias Suit
• Fed. Circ. Upholds BofA Mini Credit Card Patent
• Lender Battles Garrison Properties Over Cash In Ch. 11
• SEC Calls For Uniform Fiduciary Duty Standard
• Dodd-Frank: Rating Agencies And The ABS Market
• Former Madoff Worker Hits Back At Atty Fee Freeze
• High Court Reverses Ruling On Credit Card Rate Hikes
• High Court Won't Review $65M RBC Securities Verdict
• Ex-Lehman Execs Want Savings Plan Action Tossed
• Morgan Stanley Banker Linked To Galleon Case
• Office Assistant Pleads Guilty In $8M Ponzi Scheme
• Court Refuses To Give Lancer Insider Settlement Docs
• Insurance Gap Triggered Loan Default, Court Says
• Credit Suisse May Have Dealt In Bad Faith: NY Court
• Simpson Reps People's United In $493M Danvers Buy
• DoubleLine Chief Can Keep Mutual Fund Proceeds: Judge
• JPMorgan, Other Banks Hit With False Marking Suits
• The Rise Of 3rd-Party Litigation Funding
• Mass. Lawyer Gets 12 Years For $10.6M Mortgage Fraud
• Sovereign Loan Officers Sue For Overtime
• WaMu Eyes Quick Turnaround On Amended Ch. 11 Plan
• DOJ Fights Bankrupt Lender's Bid To Trash Loan Docs
• Cleveland Asks High Court To Hear Subprime Suit
• SEC Sues West End Investment Firms For Fraud
• 10th Circ. Affirms Grant Thornton Win In IMergent Suit
• SEC Adviser Oversight Rules Fall Short: Report
• 2 Ex-IKB CEOs Off Hook in Rhinebridge Class Action
• SEC OKs Disclosure Rules For Asset-Backed Securities
• CFTC Seeks To Streamline Agricultural Swaps
• Pros And Cons Of Cloud Computing
• Feds Accuse Life Insurance Bond Co. Of $670M Fraud
• Merrill Moves To Nix Funeral Investment Suits
• Entry-Level Auditors Slap KPMG With Overtime Suit
• Ex-Taylor Bean Chief Chases Docs In $2B Fraud Case
• Ex-Swiss Banker Fined For Giving Data To WikiLeaks
• Nearing Trial, Lancer Insider Seeks Settlement Info
• Goldman Sachs Unit Hit With Contract Suit Over Oil
• Russia To Fine Insurers At Least $2.3M For Collusion
• Creditors Face New FDIC Claims Resolution Rules
• Tearful Chiesi Pleads Guilty To Insider Trading
• Judge Denies Class Cert. In RBS Subprime Action
• J.Crew Settles Shareholder Action Over $3B Sale
• Trustee Sues JPMorgan Affiliate For Mortgage Records
• Cantor Can't Seek Damages For 9/11 Employee Deaths
• D&O Insurance, An Overview: Part 2
• WaMu Equity Holders Appeal $10B Global Settlement
• Puerto Rico Bank Popular Hit With Shareholder Suit
• Morgan Stanley Employee Class Claims Fall Short
• FDIC Sues Ga. Bank Execs Over $70M In Bad Loans
• 9th Circ. Revives 24 IPO Suits Against BofA, Others
• Court Rules Fla. Law Can't Stop BofA Convenience Fees
• Fund Ex-Manager Nabbed For Alleged $3.5M Fraud
• Final Claim In Refco Ch. 7 Bankruptcy Dismissed
• 2nd Circ. Revives Parmalat Venue Dispute
• BofA Says Seizure Of Lehman Deposits Not Malicious
• NextStep Founder Gets 16 Years For $6M Ponzi Scheme
• Willkie Reps Brookfield In $1.7B General Growth Deal
• Ex-Lancer Exec Can't Shake $200M Fraud Case
• SEC Unveils Rules For Documenting Derivatives Market
• Wachtell Reps Comerica In $1B Sterling Bancshares Buy
• High Court Refuses To Hear Stanford's Bail Appeal
• Weil Advises Advent In $1.5B Buy Of Priory From RBS
• Innkeepers Strikes $1.14B Deal With Lenders
• Barclays To Pay Up To £67M In Investor Advice Probe
• White House Embarks On Regulatory Overhaul
• German Firms Sue Citigroup Over $150M In Losses
• Judge Nixes Catholic Man's Suit Over AIG Bailout
• SEC Rankles Financial Firms With FCPA Probe
• Hedge Funds Appeal $4B WaMu Securities Win
• Bankruptcy Appeals Court Says Qualia Can Avoid Liens
• Ex-Ropes & Gray Atty Cops To Galleon Trading Plot
• Money Manager Threatened To Kill 47 Regulators: FBI
• Ex-BDO Chief Says Feds Sabotaged Tax Fraud Defense
• AIG Unveils Plan To Pay Back Rest Of $182B Bailout
• SEC Blasts Hedge Fund Adviser Over $53M Self-Dealing
• Directors And Officers Can't Hide In Del.
• Judge Orders Hedge Fund Manager To Pay $1.4M
• CFTC Eyes Black Diamond Execs Over $35M Ponzi Plot
• SEC Drops Suit Against Dead Madoff Feeder
• Moody's, Fitch, S&P Escape Securities Action
• Ex-Perot Trader Faces 10 Years For Securities Fraud
• Creditors Attack Lehman Ch. 11 Exit Progress
• Ex-Bank One Exec Gets 5 Years For Alleged Tax Scheme
• Treasury Blacklists 26 Firms Over Iran Ties
• Feds Wait On High Court For Conrad Black Retrial
• DOL Asks 6th Circ. To Revive KeyCorp ERISA Action
• US Wants Stanford Evaluated In Government Facility
• TMST Creditors Fight Orrick Bid To Move Fee Request
• Highlights: 2010 Dodd-Frank Initiatives
• NY Pension Fund, BofA Settle Subprime Suit For $4.25M
• Judge OKs $7.2B Picower Settlement In Madoff Case
• Judge Guts Royal Bank Of Scotland Securities Action
• CFTC Adopts Proposed Position Limit Rule
• Wall Street Faces New FINRA Disclosure Rules
• CTS Drives Into Ch. 11 After Comerica Seizes Assets
• Insider Trading Case Over Tech Cos. Sent To NY
• Morgan Stanley Seeks Dismissal Of Doc Demand Suit
• Ex-Bank One Exec Asks To Remain Free Pending Appeal
• SEC Renews Push For Wiretaps In Galleon Fraud Suit
• UK's Henderson To Nab Gartmore For £335.3M
• WaMu Cheated Ex-Worker Of $1.3M Severance: Judge
• Ex-Clark Dodge Brokers File OT Class Action
• CFTC Delays Rules To Curb Banks' Voting Power
• USPTO Nixes RealTime Data Compression Patents
• 7th Circ. Upholds H&R Block Win In Wage Action
• Judge Keeps McGinn Smith Exec's Trust On Ice
• La Madrid To Pay $7M For Hedge Fund Fraud
• Ex-TMST Execs' Bid For Defense Costs Trimmed
• Ex-KB Home CEO Drops Appeal In Backdating Case
• Radical Bunny Managers Want SEC Fraud Case Nixed
• Norwegian Investors Hit Citi With Securities Suit
• D&O Insurance, An Overview: Part 1
• Latham Adds Broker-Dealer Partner In NYC
• Senators Prod CFTC To Tighten Energy Position Limits
• AIG To Sell Nan Shan Unit For $2.2B
• SEC Triumphs In Canadian Trading Case
• Lawmakers Probe $3.3B Loan Deal With BofA, Ally
• CFTC Accuses Calif. Man Of $14M Ponzi Scheme
• Schwab Units Strike $119M Deal In YieldPlus Case
• US Chamber Calls For End To 'Regulatory Tsunami'
• Investors Ask 2nd Circ. To Revive Moody's, S&P Claims
• Ex-Bank One Exec Must Pay $3M In Tax Scheme Case
• NY Appeals Court Nixes Suit Over MBIA Restructuring
• Freshfields Reps BMO In Lloyd George Buy
• DC Circ. Revives Race Bias Suit Against Fed
• Ex-PGR Analyst Pleads Guilty To Insider Trading
• Khuzami In Hot Seat Over $75M Citi Settlement
• Terra Firma To Appeal Pro-Citi Verdict In EMI Suit
• NY Atty Admits Role In $23M Mortgage Fraud
• Forex Dealer Accuses CFTC Of Flubbing Hedging Ban
• Tribune, Lenders Resist Further Ch. 11 Discovery
• Charity Sues Accountants Over $10M Bloom Fraud
• PwC Beats Reconsideration Bid In Lipper Case
• SEC Sues 4 In Galleon Insider Trading Case
• Corporate Bankruptcies Tumble By Half In 2010: Report
• WexTrust Ponzi Defendant Asks To Ditch Attys
• With UK Deal, US Gains Access to Lehman Audits
• The UK's New Remuneration Code
• 3 Plead Guilty To UK Insider Trading Plot
• BofA Spared Costs In $144M Investor Fraud Suit
• Wells Fargo Can't Dodge Pruco Insurance Suit
• Deutsche Must Produce Info In J&G Tax Shelter Case
• Fortis Dutch Fraud Suit Could Enable Non-US Claims
• Ex-Telco Exec Settles SEC Kickback Suit
• Mass. Court Voids Wells Fargo, US Bank Foreclosures
• Baker Botts Partner To Head PCAOB
• Oppenheimer Loses $19M Broker Raid Case Against Citi
• TMST Trustee Says Orrick Should Get No Fees
• WaMu Ch. 11 Plan Sent Back For Changes
• Stanford's Trial Delayed Over Mental Competence
• SEC Comes Down On $60M Ponzi Scheme
• WaMu Investors Win Class Cert.
• Lender Slaps Euler Hermes With $6M Coverage Suit
• Suits Over Firms' Bank Doc Retention Stay Separate
• UBS Tip Recipient Cops To Insider Trading
• Ex-Madoff Aide Wins Release After Judge Cuts Bail
• MBIA, RBC Drop Subprime CDS, Restructuring Suits
• What Did You Know, When Did You Know It?
• BofA Faces Mortgage Loan Officer FLSA Action
• Liberty Units Rebuff $450M AIG Insurance Pool Deal
• WaMu Noteholders' Claims Pushed To Back Of Line
• Bond Insurer Hits Goldman With $120M Abacus Suit
• Broker Gets 32 Months For Swindling Clients
• AmFin Files Ch. 11 Plan Under $765M FDIC Cloud
• UK Fines Surety Bond Exec Over $3M Fraud
• Judge Strips GSC Execs Of Ch. 11 Control
• Ex-Equipment Finance Execs Settle Fraud Suit
• 9th Circ. Says Feds Must Return $2.5M To Ex-Ukraine PM
• 8th Circ. Revives D&O Suit Over Bank Exec's Defense
• Chase Can't Shake Cardholder APR Class Action
• Goldman To Sell $446M Stake In Japanese Golf Operator
• Madoff Trustee Wins OK For $500M Union Bancaire Deal
• High Court Asked To Mull UBS Disability Plan Language
• Judge Scraps Barclays Securities Class Action
• 9th Circ. Overturns Win For Accused Korean Embezzler
• New Trial Bid Centers On Jenkens & Gilchrist Docs
• NY May Merge Insurance, Banking, Consumer Agencies
• 2nd Circ. Targets AXA Tactics In Retaliation Suit
• Feds Defend Use Of E-Mails In $200M Lancer Case
• Morrison Shortens The Long Arm Of The Law
• Consumer Agency, State Regulators To Combine Efforts
• Galleon Defendants Can't Shake Insider Trading Case
• Bond Insurer Hits Wells Fargo With Real Estate Suit
• Homeowners Sue BofA Over Hidden Insurance Fees
• JPMorgan Faces Class Action Over Autodial Debt Calls
• FDIC Seeks $2.5B From Execs Of Failed Banks
• La Madrid Brothers Cop To $30M Hedge Fund Fraud
• Del. High Court Affirms Dismissal Of PwC Fraud Suit
• DOJ Wins Access To Docs In CDR Bid-Rigging Suit
• Madoff Investor's Suit Over $6.6M Divorce Deal Revived
• US Says High Court Ruling Can't Kill $200M Lancer Case
• Networking Insider Trading Defendants Win Bail Deals
• A 'Storm Warning' For The Reinsurance Industry
• BofA Exits RealTime Data Compression Patent Suits
• Judge Lets FDIC Intervene In Downey Tax Refund Suit
• Contract Claims Cut From Wells Fargo Mortgage Action
• Creditors Slam Meruelo Maddux Ch. 11 Plans
• BofA Pays $3B To Freddie, Fannie In Subprime Deal
• Judge Denies Bail In Marvell Insider Trading Case
• Ex-Madoff Operations Chief Seeks To Toss Indictment
• Stearns Faces Overtime Action From Underwriters
• Pimco Settles Short-Seller Action For $92M
• DOJ Knocks SEC, CFTC Derivatives Proposals
• Rattner Settles Pension Kickback Claims For $10M
• The Global Squeeze On Insider Trading
• Judge Lifts Litigation Hurdle To Porsche-VW Merger
• Laminate Exec Fights To Revive Bank Of India Suit
• Feds Lose Bid To Revoke Ken Starr's Bail