Banking Archive » February, 2011

Banking - February, 2011

302 articles

• Citibank Exits MBIA Insurance Fraud Suit
• Questar Beats Mich. Action Over $250M Ponzi Scheme
• Allstate Targets Credit Suisse In Latest MBS Suit
• J&G Defendants Face Tough Battle In Tax Trial
• Morgan Stanley Can't Escape CDIB Fraud Suit
• 1st Circ. Affirms Carlyle Win In Huffington MBS Suit
• Judge Denies Motion To Dismiss In $4.5M Ponzi Case
• NM Real Estate Co. Denies Running $76M Ponzi Scheme
• SEC Counsel Says Madoff Ties Didn't Warrant Recusal
• Ex-SocGen Trader Gets 3 Years For Stealing Code
• CORRECTED: Simpson Reps Blackstone In $9.4B Buy Of Centro Malls
• Brokerage Sues ICAP Over Employee Defections
• 2nd Circ. Revives MBIA Securities Class Action
• AmEx Could See $500M More In Legal Costs
• Swiss Re, BNY Fight €62.5M Swap Liability
• New HIPAA Obligations For The Financial Industry
• Wells Fargo To Pay $7M To Settle Techies' OT Suit
• Sydow Suit Over Stanford Fees Returns To State Court
• MassMutual Brings Credit Suisse Into MBS Battle
• SEC Targets Citi's Subprime Mortgage Business
• Countrywide Gets OK For $624M Deal In Subprime Suit
• Fines Likely From Foreclosure Probe: Wells Fargo
• Dechert Wants Nonbank Designation Rule Barred
• House Republicans Eye Top SEC Atty's Madoff Ties
• Orrick Adds K&L Gates Corporate Veteran In NY
• Most Claims Live In Madoff Trustee's $1B Adviser Suit
• Chase Faces Class Claims Over Home Equity Plans
• Merrill Didn't Say Enough About ARS Meddling: Atty
• What DDJ Management Means For Lenders
• Terror Victims Ask 2nd Circ. To Revive $650M AmEx Suit
• Freddie Mac Exec Gets Wells Notice Amid SEC Probe
• BofA Dodges Calif. ARS Action
• RSL Investors' Attys Nab $2.5M In Lehman Fraud Suit
• MERS Can Pursue Foreclosure, Calif. Court Rules
• SEC Targets 3 Over $63M Microcap Fraud
• MassMutual Sues RBS Over $235M In 'Junk' MBS
• Ex-US Mortgage Head Gets 14 Years For $136M Fraud
• 3rd Circ. Lets SEC Ruling On PHLX Bylaw Stand
• Arch Faces Resistance In Hartford Raid Suit
• Mets Owners Delay Fight For Discovery In Madoff Case
• China Nixes US Bid For WTO Duties, Credit Panels
• DOJ Sues 3 For $112M In Improper Tax Deductions
• NY Jury Convicts 2 In $6M Watermark Fraud Case
• CFTC Seeks Comment On New Disruptive Trading Order
• Genesco Investors Push To Sue UBS Over Merger Flop
• Deutsche Bank Korean Unit Hit With 6-Month Ban
• Ex-Taylor Bean Treasurer Pleads Guilty To $2B Fraud
• Case Study: In Re Colonial BancGroup
• Capital One, Others Hit With Check Imaging IP Suit
• ING Faces Class Action Over Pension Plan Kickbacks
• BofA Warped Loan Quality Behind $1B In MBS, Suit Says
• Ex-Schwab Worker Tried To Lure $400M In Clients: Suit
• Shareholders Fight $192M LaBranche Sale To Cowen
• E-Trade Could Face FINRA Action Over ARS Sales
• Ex-BoNY Execs Ordered To Talk In $4M Pension Row
• JPMorgan Wins 5th Circ. Sex Bias Case
• UK Court Rejects BGC Appeal Over Employee Raid
• Credit Union Head Gets 9 Years For Embezzlement
• Expert Networking Defendant Wins Bail Package OK
• Visa, Danaher Deals Get Early FTC Clearance
• Exchanges Lash Out At CFTC Regulation
• CFTC Strikes Deal In Forex Trader Case
• Credit Suisse Bankers Charged With $3B Tax Fraud
• SEC's Top Lawyer Faces Madoff Clawback Suit
• Assessing FINRA Priorities And Results
• Barclays Not Entitled To $5B From Lehman: Judge
• Guggenheim Funds Seek $10M In Imposter Case
• Onex Exerted Undue Influence On $3B EMS Deal: Suit
• 2nd Circ. Affirms Toss Of Chase ATM Fee Action
• FINRA Immune From Merger Action: 2nd Circ.
• Prudential's $27M Suit Over Ethanol Plants Survives
• Veritas Fights Ex-Stakeholder's Work On Outside Deal
• Trustee Hits Citi With $430M Suit Over Madoff Deals
• Owner Of Brunsman Cos. Cops To $52M Bank Fraud
• High Court Nixes Argentina's Asset Seizure Appeal
• Teller Hits JPMorgan With Wage Class Action
• Barclays Accused Of Aiding Unfair $5B Del Monte Deal
• Galleon Defendant's Firm Faces Boot Over Job App
• Top FINRA Enforcer Headed Back To Private Sector
• JPMorgan Says Lehman Dumped 'Goat Poo' Assets On It
• United Western Fights OTS, FDIC Seizure
• Allstate Hits Citi, Deutsche Bank With MBS Suits
• Grant Thornton Targets Equity Firm In Refco MDL
• Judge Refuses To Overturn Ambac Tax Injunction
• Judge Lets MissPERS Back In $950M RBS Fraud Suit
• Rabbi Gets 4 Years For $4M SAC Capital Extortion Plot
• Ambac Unit Slaps JPMorgan With New Subprime Suit
• GAO Tosses US Bank Protest Against GSA
• Global Insurers Fight Placement On Risk List
• SEC, CFTC Told To Revamp High-Frequency Trade Rules
• Stars Among Creditors In Starr & Co. Bankruptcy
• Broker-Dealer To Pay $21M To End Offering Actions
• UniCredit Says Picard Lacks Standing In $60B Suit
• Where Do We Go From US Bank V. Ibanez?
• FINRA's Expanded Obligations For Broker-Dealers
• Apollo Loses Bid To Dodge Buyout Antitrust Action
• Judge Freezes Assets Of 3 Alleged Ponzi Schemers
• Wick Phillips Adds H&B Energy, Contracts Atty
• ARS Action Against Failed Student Lender Tossed
• Expert Network Scheme Suspect Fights For Release
• Stanford Accuses US Of Rights Violations
• SEC Corruption Probe Prompts Scrutiny Of Deals
• Australia, New Zealand Ease Investment Regs
• NBH Picks GC From Ranks Of Dickinson Financial
• US Questions Brazilian Subsidies At WTO
• 3 Ex-Countrywide Officers Trimmed From BofA MBS Suit
• Bernanke Questions Small-Bank Swipe Fee Exemption
• Credit Agricole Loses $478M Claim Over Repo Deal
• Man Used NFL Contacts To Fuel $41M Ponzi Plot: Feds
• A Little Credit, Please
• ArmorWorks Sues Goldman Over Contract Dispute
• Ex-Swiss Banker Loses WikiLeaks Coercion Appeal
• Lawmakers Plan To Tighten Sanctions On Iran
• Freddie Mac Ex-CFO Faces Possible SEC Action
• Con Man Gets 13 Years, $8M In Fraud Scheme
• Harbinger Pays Nacco $60M To End Takeover Row
• Lancer Fund Manager Can't Shake $200M Fraud Case
• Allstate Hits JPMorgan With MBS Fraud Suit
• Shareholder Fights $10B NYSE-Deutsche Boerse Deal
• Picard Never Met Madoff, Atty Says
• Judge Tosses NML Suit Against Energia Argentina
• 2nd Circ. Clears Hedge Fund In Compensation Suit
• Ousted JPMorgan Exec Renews Whistleblower Suit
• MBS Sales Need Review, Bond Insurers Tell NY Reps
• E&Y Atty Fights Trading Conviction In 2nd Circ.
• Rajaratnam Loses Last-Minute Wiretap Exclusion Bids
• MassMutual Sues Deutsche Bank Over $125M In MBS
• Family, Fraud And Forfeiture: US V. Warshak
• Ex-Credit Bancorp CEO Ordered To Disgorge $21M
• Judge Should Stay OT Action Or Change Venue: KPMG
• Lawmakers Clash Over Financial Crisis Report
• Ambac Says DOJ Tax Suit Violates Injunction
• Meridian Says It Was Madoff's Victim, Not Feeder Fund
• Ex-Hedge Fund Exec Fails To Nix Rajaratnam Subpoena
• Judge Delays $5B Del Monte Deal, Rips Barclays
• Fannie, FHFA Defend Legal Aid For Ex-Officials
• Wire Fraud Convict Asks 2nd Circ. To Undo Verdict
• Fugitive Fund Manager Charged In $4M Ponzi Scheme
• Hedge Fund Fraudster Seeks Review Of $3.8M Penalty
• Sky Capital Exec Cops Plea In $140M Securities Fraud
• $217M ARS Suit Against Deutsche Bank Gets Go-Ahead
• Fraud Victims 'Breaking The Bank'
• Simpson Thacher Reps CBRE In $940M ING Deal
• Pros And Cons Of SEC Rule 204(b)-1
• Regulators Seek To Quell Fears Over Swap Margin Rule
• NY Judge Derides $49M Aetna Suit V. Lehman Affiliate
• Deutsche Boerse, NYSE Promise Huge Synergies
• Gov't Demands Discovery In Rajaratnam Case
• Quinn Emanuel Picks Up Kirkland Finance Pro
• Goldman's Tourre Asks Judge To Toss SEC ABACUS Suit
• Obama Proposes User Fees To Bolster CFTC Funding
• Feds Want In On $84M Crown Forex Fraud Suit
• Manulife Buys Investment Adviser Optique Capital
• Carrillo Huettel Must Show Records In SEC Probe: Judge
• DOJ Could Get $28B Bump In 2012 Budget
• Alleged Guggenheim Imposter Makes Bail
• Hedge Funds Sue Anglo Irish Bank Over $200M Stake
• SEC Ignored Red Flags In Westridge Fraud: IG Report
• Funds Seek Class Cert. In Wells Fargo MBS Suit
• Hedge Fund Shuts Doors After FBI Raid
• Funds Want Old GM Plan Blocked Over $369M Payment
• ATM Patent Suit Against First Niagara To Proceed
• Preemption And The Martin Act
• Ropes & Gray Lures Private Equity Atty From DLA Piper
• Homeowners Drop JPMorgan Mortgage Rate Fight
• Wachovia To Pay $12M To End ERISA Action
• Insurer Suit Over Wells Fargo Lending Program Lives
• Court Smashes Tousa $480M Disgorgement Order
• Bank Seeks $22M Coverage Over Ponzi Scheme Loans
• SEC Hits 3 IndyMac Execs With Fraud Charges
• BNY, Wells Fargo Cut Securities Fraud Action Claims
• Alleged Millennium Ponzi Schemer Settles With SEC
• Judge Stonewalls Doral In $130M Restitution Bid
• US Takes China Steel, Payment Card Disputes To WTO
• WexTrust Founder Settles With SEC Over $250M Fraud
• Continental To Settle Clawback Claims For Up To $25M
• MoFo Snags 2 Attys From Alston, Wilson Sonsini
• Ex-Credit Bancorp Exec Must Pay $35M In Civil Case
• 'Dallas' Star Hagman Loses $11.5M FINRA Award
• CDC's $41M Settlement Offer Over Failed IPO Rejected
• Careful, That News May Be Hot!
• Merrill Lynch, Rating Agencies Freed From ARS Action
• Obama Housing Plan Winds Down Fannie, Freddie
• Cooperator Lied In Wiretap Evidence, Rajaratnam Says
• State Street Sued By Ark. Fund Over Forex Deals
• Advanta Settles Class Action Claims, Wins Ch. 11 OK
• Mario Cuomo To Ref Madoff Trustee, Mets Showdown
• Pa. Broker Pleads Guilty To Insider Trading
• Insurer Seeks Quick Win In $4.5M WaMu Coverage Row
• Retirement Community Sues Over Lehman Swap Deals
• Political Pressure May Doom Exchange Megadeals
• Ex-Paul Hastings Atty Pays To Settle SEC Suit
• Whitney Shareholder Sues To Block $1.5B Hancock Buy
• EU Plans Bill To Rein In Auditors
• SEC To Probe Use Of ETFs For Insider Trading
• 2nd Circ. Revives Suit Over $4.5B Blackstone IPO
• CFTC Wants End Users Exempt From Swap Margin Rule
• The Viability Of Loss Mitigation Programs
• NM Judge Revives Vanderbilt Pay-For-Play Suit
• Dechert Fights Liability Claim In Dreier Scheme
• Vanguard Wants Gambling Investment Suit Tossed
• Shareholder Appeal Of $10B WaMu Deal Untimely: Judge
• Fed Gives Banks 2 Years To Meet Volcker Rule
• Judge Bars 3rd-Party Suits Against Madoff Relatives
• C-Bass Ch. 11 Plan Would Repay Unclassified Claims
• Life Insurance Bond Co. Defendants Deny $670M Fraud
• NYT, Dow, Others Cut From LendingTree Antitrust Suit
• Advanta Seeks OK For Liquidation-Heavy Ch. 11 Plan
• London, Toronto Exchanges To Merge Into $6B Giant
• Deutsche Boerse, NYSE Euronext In Merger Talks
• JPMorgan Seeks Transfer Of $6.4B Madoff Suit
• The 'New Normal' In ESI Preservation Duties: Part 2
• Accounting Firm Aided $5M BofA MDL Fund Theft: Suit
• Troutman Tries To Nix Taylor Bean Exec's Info Demand
• SEC Proposes Quick Registrations Without Ratings
• Wesco Investor Sues To Stop $548M Berkshire Deal
• Sunwest Settles With Merrill Over $2.2M Claim
• Visa Buys E-Commerce Platform PlaySpan For $190M
• 4 Charged In Expert Networking Trading Scheme
• UBS To Buy Back $1.5B In ARS To Settle NJ Claims
• Antitrust Suits Over Amex Rules Placed Into MDL
• JPMorgan, HSBC Silver Futures Cases Consolidated
• 2nd Circ. Blocks Adelphia Fraud Claims Against Banks
• FINRA Hits Citi With $6.4M Ruling Over MAT Funds
• WaMu Files New Ch. 11 Plan With Judge's Suggestions
• NY Judge Recuses Self From Extended Stay Loan Cases
• Fed Proposes Rule On Systemically Important Cos.
• BofA Tries To Nix Merrill Employee Benefits Action
• Ex-J&G Attys Lose Bids To Trim Tax Fraud Charges
• Ex-Lehman Execs Hid Subprime Woes, CalPERS Says
• Comfort Letters And Post-Year-End Offerings
• Hedge Fund Founder Ordered To Pay $3.8M
• Ex-Primary Global Executive Fights Trading Charges
• JPMorgan May Seek $400M From Ala. County Over Suit
• SEC Hits Wall Street Capital Funding With Fraud Suit
• Red Zone Hits Cadwalader With $13M Malpractice Suit
• FDIC Wants 3-Year Delay On Bonuses At Large Banks
• Shareholders Try To Revive Barclays Subprime Suit
• Insurance Exec Admits To Hiding $20M Loan Fraud
• 2nd Circ. Backs Arbitration For Blue Fish OT Claims
• Berkshire To Round Out Stake In Wesco For $548M
• Capital Blu Execs Looted $17M Commodity Pool: Jury
• Atheros Exec Settles With SEC In Galleon Trading Suit
• Fuel For Fire: Treasury's New Consumer Database
• BofA To Pay $410M To Exit Overdraft Fee MDL
• Miami Developers Get 10 Years For Tax Evasion
• Moore, MF Global Want Manipulation Suit Tossed
• Morgan Keegan Sues Chestnut For $1M Exxon Deal Fee
• KB Home Might Cover $180M Loan In South Edge Ch. 11
• Hedge Fund Loses Challenge Of Disclosure Rules
• CitiMortgage Withheld Sales Commissions, Suit Says
• Madoff Trustee Claims Mets Owners Owe Victims $300M
• WexTrust Exec Cops To $255M Ponzi Scheme
• A Review Of 2010 Criminal Antitrust Enforcement
• EU Revives Bid For Blocwide Collective Actions
• SEC Adds Civil Charges To Expert Networking Probe
• Mets' Owners Done Negotiating With Madoff Trustee
• TD Ameritrade To Pay $10M To Bury SEC Claims
• AXA Units To Pay $242M To Settle Coding Error Suit
• JPMorgan Knew Of Madoff Fraud, Trustee Says
• Northstar, Top Exec Settle Fraud Case For $11M
• Hedge Funds Fight $3.5B Smurfit-RockTenn Deal
• Lehman Inks $6.6B Deal With German Affiliate
• NY Tax Officials Object To Tribune Ch. 11 Plans
• Investors Sue BofA Over Foreclosure Foul-Ups
• Judge OKs $3M Deal In PFF Bancorp ERISA Action
• UK Adviser Pleads Not Guilty To Insider Trading
• Jones Day Raids Mayer Brown To Add 3 Finance Vets
• No Equity + No Other Assets = No Attorneys' Fees?!
• Hedge Funds Drive Porsche-VW Deal Case To 2nd Circ.
• MetLife Brokers Exempt From Advisers Act: 10th Circ.
• JPMorgan Whistleblower Asks To Keep Target Secret
• Money Manager Touting Royal Ties Pleads Guilty
• Danvers Shareholder Fights $493M People's United Buy
• Evidence At Issue As Rajaratnam Case Nears Start
• WaMu Contests Shareholders' Appeal Of Ch. 11 Deal
• Madoff Associate Fails To Block Investor Suits
• Countrywide Execs To Pay $6.5M To End Lending Suit
• Judge Nixes Investor Appeal In Mortgages Ltd. Ch. 11
• Banker Gets 40 Months For $1M Insider Trading Plot
• Investor Suit Over Verizon's Idearc Spinoff Gets Boot
• NY Broker Charged In $30M Pump-And-Dump Scheme
• Bear Stearns Workers Again Fail To Split Suit From MDL
• SEC Approves Facilities To Shine Light On Swap Trading
• Lehman Fights JPMorgan's Fraud Claims
• TD Hit With Class Action Over Class Actions
• The 'New Normal' In ESI Preservation Duties: Part 1
• 11th Circ. Denies SunTrust Appeal Over Attys' Fees
• NY Appeals Court Scraps $5.7B CDO Suit V. Merrill
• Citigroup Acquires EMI, Cuts $3.6B In Debt
• Judge Orders Rajaratnam To Give Wiretaps To SEC
• Hedge Funds Object To Probe Request In WaMu Ch. 11
• SEC Seeks Sanctions In McGinn Smith Fraud Case
• Probe Of BNY Mellon Halted In Basell Investor Suit
• Tourre Asks Court To Enforce RBS Subpoena
• BofA Exits Call Center FLSA Action
• Jackson Hewitt Sues H&R Block Over Ad Campaign
• J.Crew Investors Back Out Of $10M Deal Over Buyout
• Ex-New Castle Exec To Pay $3.5M In SEC's Galleon Suit
• Thoughts On The 2011 State Of The Union
• Grand Wailea Owner Seeks Ch. 11 Amid Foreclosure
• SEC OKs FINRA's All-Public Arbitration Panel Rule