Banking Archive » April, 2011

Banking - April, 2011

381 articles

• PwC Agrees To Pay $25M To Exit Satyam Securities MDL
• Accused Trader Seeks To Subpoena Lehman, Barclays
• Fair Finance Trustee Guns For Durham Political Handouts
• Treasury Proposes Exemption For Forex Swaps, Forwards
• Barclays Seeks Assets From 2008 Lehman Buy
• 2nd Circ. To Eye Class Cert. Denial In MBS Suits
• Rajaratnam Jury Ends Week 1 Without Verdict
• Mo. Money Men Cop To Stealing Millions From Clients
• Former UBS Broker Launches Wage Action
• Expertly Navigating Federal Expert Disclosure Rules
• EU Opens Antitrust Probes Into Major Banks Over CDS
• Blackstone Snags Australian Property Firm For $227M
• Goldman, Ariz. Defense Supplier Settle Contract Row
• AHM Trustee Takes On Barclays Over $45M Claim
• Underwriters, Residential Fail To Boot MBS Suit
• Jayhawk Stock Conversion Suit Sent To Trial
• Lehman Unit Sues MedQuist For $4.4M Consulting Debt
• Morgan Keegan, Others Settle MBS Claims
• $1.5M Huntington ERISA Deal Wins Judge's Initial OK
• Ex-SAC Analyst Settles SEC Insider Trading Claims
• Preferred Bank Sues Insurer Over $11M Fraud Coverage
• Computershare Inks $550M Deal To Snag BNY Mellon Unit
• Golf Channel Says $6M Stanford Payment Was Legit
• Civil Liberties Groups Back Banks In MBIA Appeal
• 2nd Circ. Favors Deloitte In Pension Plan Action
• DuPont Did Not Spoliate By Deleting Emails: Judge
• Ex-Taylor Bean Chair Fails To Win Release
• Ex-SAC Capital Manager Cops To Insider Trading
• CalPERS Plan Seeks More Cash For Lehman Bondholders
• AIG Sues ICP Over $350M In CDO Insurance Losses
• Orchard Trustee Sues Golden Gate Over $310M Payout
• Using Injunctions In 'Bet-The-Company' Litigation
• TARP Watchdog Expects More Criminal Cases Over Bailout
• Judge Bars Defenses In Real Estate Fraud Suit
• Berkshire Hathaway May Sue Sokol Over Lubrizol Deal
• Insurers Sue BofA, Countrywide Over $619M MBS Sale
• Rajaratnam Jurors Can't See Transcripts, Judge Says
• Judge Floats 2-Jury Idea For MBIA, Countrywide Trial
• Law Firms Bank Big Money Lobbying On Dodd-Frank
• Ex-Lancer Chief Acquitted In $200M Fraud Case
• Credit Union Flays Barclays, State Street On $400M CDO
• Treasury Seeks US Banks' Help On Iran Financial Ties
• SEC Bags $10M Disgorgement In Merchant Capital Case
• Tellers Take Stand Against BofA's Seating Policy
• Insurer Breached SunTrust Loan Coverage Pact: Judge
• Case Study: Huertas V. Galaxy
• SEC Rebuts Galleon Insiders' Public Tip Claims
• Commodities Traders Hit With $60M Antitrust Suit
• Ex-Lehman Boss Appeals $20M Barclays Severance Suit
• DESA Parent Off Hook In Workers' WARN Act Suit
• Morgan Stanley Told To Share More Data In Subprime Suit
• Dewey Hit With 10% Fee Holdback In Ambac Ch. 11
• SEC, CFTC To Define Who Covers Which Swaps
• Sbarro Trustee Balks At Rothschild Legal Fee Bid
• Madoff Investors Demand Report On Ponzi Probe
• Deloitte Hit With $500M Suit Over Navistar Accounting
• Trust Says Investment Execs Stole From $99M Award
• NAPC To Pay $98M To End Fight With Lenders, Partner
• Mueller Accountants Targeted Over $147M Ponzi Roles
• Mortgages Ltd. Successor Sues Greenberg For Malpractice
• Rajaratnam Jurors Request Replay Of Wiretap Calls
• Banks' Lehman Plan Bilks Retirees, CalPERS Claims
• Cuomo Bans Pols, Others From Pension Fund Dealings
• GSC Ch. 11 Plan Aims To Put Sankaty In Charge
• Ex-Stanford CEO Tries To Toss $3M Suit Over Ponzi Plot
• Trader Cops To Role In Galleon Spinoff Scheme
• Skadden Reps Lawson In $2B Sale To Golden Gate, Infor
• FTC Clears Walter Investments' $1B Green Tree Buy
• AIG Resolves OT Class Action For $1.7M
• Judge Reverses BankAtlantic Loss In Fraud Case
• Ex-Santander Analyst Settles Insider Trading Claims
• Regions Bank, Former Teller Settle OT Action
• New Stream Opens Asset Sale To Competing Bids
• Calif. Money Manager Banned From Selling Stock
• Levine Leichtman Unit Drops LNT Noteholder Loss Suit
• Regulating Debt Protection Products
• Refco MDL Stays Alive Despite Master's Call To Dismiss
• Ernst & Young OT Action Should Stay In NY: Judge
• Ex-Isilon CFO Calls Judge Biased, Seeks Mistrial
• DOJ Wants More Info On Nasdaq's $11.3B NYSE Offer
• 'Nonsensical' To Call Farkas Flight Risk: Attys
• Goldman Sachs, Others File 3rd Lehman Ch. 11 Plan
• JPMorgan Asks To Nix Facebook Post Retaliation Suit
• FTC Clears Schwab's $1B OptionsXpress Deal
• Ex-Stanford Money Gurus Fight Janvey Clawback Claims
• C-Bass Plan Sails To Confirmation
• Stillwater Investors Launch Suit Over Gerova Deal
• Jury Begins Weighing Rajaratnam's Fate
• E-Trade Sues To Unload $1.6M In Spongetech Cash
• CFTC Watchdog Fails Auditing Peer Review
• Failed Bank's Former VP Gets 5 Years For Fraud
• Lehman Still Faces $43B In Brokerage Claims: Report
• Chase Pays $56M To End Military Foreclosure Suit
• Greenberg Client Hits Firm With 2nd Tax Shelter Suit
• Guggenheim Imposter Can't Shake $10M Suit
• Fund Bosses Settle SEC Suit Over $3.7B Petters Fraud
• BofA Escapes Suit Over $17B In Countrywide MBS
• Utah Investors Hit Idaho Loan Fund With Fraud Suit
• Insurers Can't Intervene In Stanford Suit: Judge
• SEC Says Marketing Co., 3 Execs Ran $10M Fraud
• OTC Derivatives And Commodities Trading: EU Vs. US
• Stockbroker Cops To $30M Pump-And-Dump Scheme
• 2 Fla. Hedge Fund Managers Cop To Petters Fraud
• UBS Client Gets 2 Years Probation For Tax Fraud
• Sprint Seeks To Void Liens On TerreStar's FCC Licenses
• Middleman Pleads Guilty In Galleon Spinoff Case
• JPMorgan Agrees To Hand Lehman Brokerage $861M
• Kirkland & Ellis Lands Mayer Brown Investment Banker
• Rajaratnam Defense Takes Aim At Tapes In Closing
• Trimmed Invesco Suit Over Deutsche Raid Moves Forward
• Fed Seeks Input On Big Finance Bankruptcy Process
• Nasdaq Undeterred After Latest NYSE Rejection
• FERC Hits Gas Trader With $30M Penalty
• Citi Board Sued Over Shoddy Mortgage Practices
• Venable Gets $1.6B Conspiracy Suit Sent To Fed. Court
• Plaintiffs Fight Class Cert. Denial In Moody's Suit
• 2 Fund Managers, Petters Pal Indicted Over $4B Fraud
• Judge Allows Galleon Wiretaps Despite FBI Wrongs
• JPMorgan's Missteps Cost Portfolio $1B, Ambac Says
• Lloyd's, QBE, Others Sue Over $55M BDO Seidman Verdict
• TMST Ch. 11 Trustee Can't Block Docs In Fraud Suit
• Feds Pull No Punches In Close Of Rajaratnam Trial
• Charles Schwab Shareholders' MBS Action Tossed
• Mich. Financial Adviser Cops To $10M Ponzi Scheme
• Aletheia Installs O'Melveny Attys As President, GC
• How To Avoid The Pitfalls Of Expert Networking
• Treasury Department Cracks Down On North Korean Bank
• Fund Seeks Docs Backing WMI Investor's Trading Claims
• Ex-Taylor Bean Chair Convicted In $2.9B Fraud
• Securities America Settles 3 Class Actions For $150M
• Merrill Lynch To Pay $1.9M to Fired Hawaii Advisers
• Capmark Aims To Scale Back Business In Ch. 11 Plan
• Big Banks Sued Over Libor Manipulation
• Rajaratnam Loses Some Battles On Jury Instructions
• Fund Traders Win Delay For Galleon Spinoff Trial
• CFTC Inspector Says Agency Rushed New Swaps Rules
• Judge Preps Ex-Frontier CEO's Fraud Case For Trial
• Madoff Investors' Lawsuit Against SEC Tossed
• Buffett, Berkshire Board Sued Over $10B Lubrizol Deal
• Playmate's Hubby Denies Online Poker Fraud Charges
• Nasdaq, ICE Bet $350M On NYSE Deal's Antitrust OK
• Wilson Sonsini Adds Skadden Securities Pro In China
• WG Investors Ask 2nd Circ. To Stay $792M Distribution
• Vision Capital Ducks Subpoena In Isilon CFO's Fraud Trial
• Allstate Fights To Return $1B MBS Row To State Court
• European Funds Claim Banks Manipulated Interest Rates
• "Dallas" Actor Drops Vacated $11M FINRA Award Appeal
• Citi Sues To Stanch $50M FINRA Arbitration
• AIG To Sell Rail Services Unit For $600M
• MoneyGram Investor Sues Over Recapitalization
• EU Watchdog OKs Barclays Egg Credit Card Asset Buy
• Bill Would Shield 'True End Users' From OTC Margins
• Stanford Receiver Seeks $3M From Fund Tied To Bidens
• US Works In Final Wiretap As Rajaratnam Trial Ends
• Mass. Fraudster Claims Atty's Romance Tainted Case
• AIC Chief Ran $7.7M Ponzi Scheme: SEC
• PNC Wins Appeal Over Griffith Oil Purchase Deal
• Fla. Man Settles CFTC Suit Over $28M Ponzi Scheme
• Italian Court Clears 4 Banks Over Parmalat Collapse
• No Quick Win For Centerview Over $10M NPG Claim
• FDIC Says Bankruptcy Cost Lehman Creditors Billions
• Cohen & Steers Shareholders Drop $625M ARS Suits
• Money Manager Can't Unfreeze Assets In Fraud Case
• BofA Hires Former SEC Enforcement Head
• Welcome To The New Law360
• JPMorgan Beats Contract Suit By Ex-Derivatives Exec
• FDIC To Pursue More Cases Against Failed Banks
• Ex-AllianceBernstein Workers Face Trade Secrets Suit
• JPMorgan Can't Duck Ala. County's Bribery Suit
• FINRA Orders Citi Unit To Pay Fla. Trust $2.4M
• Rajaratnam Expert Admits Research Had Narrow Focus
• Assured, BofA Strike $1.6B Deal Over MBS Claims
• GreatBanc Can't Put McDermott On Stand: Judge
• Fed. Circ. Sinks $115M Wells Fargo Credit For SILO Use
• 2 Ex-Fannie Execs Can't Escape Risk Claims
• CFTC Scores $13M Win In Hedge Fund Fraud Case
• SEC Strikes Consent Deals In Wachovia Brokers Case
• Chase Presses For Arbitration In Appraiser OT Action
• Bail For Ex-Sonsini Atty In $32M Insider Trading Case
• SEC, Fannie And Freddie: MD&A Overload?
• Kirkland Snags Capital Markets Pro From Shearman
• Making Good Lawyers Into Great Partners
• Ex-H&R Agent Loses Bid For Quick Win In OT Action
• Hevesi Gets 4 Years For Role In NY Pension Scheme
• Stanford Auditor Moves To Quash Subpoena
• Bear Stearns, Others Sued Over Inside Protocol Deal
• Witness Reveals $25M Investment From Rajaratnam
• Insurer Dodges Suit Over BB&T Defense Coverage
• Merrill Beats Ex-Employee's Hostile Workplace Suit
• Attys Say Goldman Perjury Charges Unlikely
• UBS Urges 2nd Circ. To Nix Hospital Co.'s ARS Win
• Ex-Gryphon Prez Pleads Guilty To Securities Fraud
• 9th Circ. Renews Case Over E&Y Role In $2.2B Scandal
• 1st Circ. Won't Rehear Puerto Rico Bank's Merger Suit
• Forex Fraud Receiver Blasts BofA, UBS, Others
• Pension Funds Can Join Lehman Securities MDL: Judge
• Ropes & Gray Lures Equity Partner From DE Shaw
• SunTrust Strikes Deal In $14.8M ARS Fight
• FINRA Fines Jefferies $1.5M Over ARS Disclosures
• Another HSBC Client Cops To Hiding Bank Accounts
• Effects Of Roswell V. Alternative Construction
• Visa Fails To Escape €10.2M Antitrust Fine
• Loeb & Loeb Snags Hodgson Russ Venture Capital Chair
• How To Save Compliance Programs After Dodd-Frank
• Goldman, Deutsche Bank Duped Investors: Report
• 2nd Circ. Parses Antitrust Implications In ARS Action
• New Swap Margin Rules Short On Answers
• Judge Boots $52M Winstar Suit On Remand
• Harlem Activist Calls Rajaratnam 'Very Generous'
• High Court Asked To Review 9th Circ. IPO Ruling
• BigLaw Litigators, DOJ Standout Form Levine Lee
• McKenna Long Drops FDIC Suit Over Bank Docs
• Feds Seek To Revoke Bail For Ponzi Suspect Stinson
• Judge Sets Hearing For Lehman Reorganization Plans
• Wellspring Nabbed Rival Plant Bosses, Secrets: Suit
• Brokers, Traders On Hook In $70M Texas Ponzi Scheme
• Feds Charge FrontPoint Trader In $30M Inside Tips Case
• Allied Health Founder Cops To $87M Lease Fraud
• Stanford Trustee's $545M Recovery Suit Survives
• CreXus Faces Investor Suit Over Nixed $254M Buyout
• Judge Unseals Names In Madoff Suits
• Va. Man Pleads Guilty To $8.9M Investment Fraud
• Credit Suisse Dodges Suit Over National Century Fraud
• Radical Bunny Execs To Pay $3.7M In SEC Fraud Case
• SEC, CFTC Avoid Budget Cuts, But Still Feel Pressure
• Citizens Urges 7th Circ. To Nix Classes In Wage Suit
• Qwest, Golden Gate Object To Orchard Ch. 11 Plan
• Tribune, Noteholders Resume Ch. 11 Confirmation Fight
• Whitney Holding Officer Sues Bank Over Hancock Sale
• PCAOB's Push For Public Hearings Worries Auditors
• Ex-Goldman Exec Fights SEC's Bid To Toss Suit
• Proskauer Adds 2 Jones Day Attys To London Office
• UBS Sued Over Alleged Lyondell Contract Breach
• CFTC Goes Ahead With Swap Dealer Margin Rule
• Galleon Research, Not Tips, Drove Trades: Defense
• FDIC Seeks Dismissal Of WMI Reconveyance Actions
• Marvell Execs Sue Goldman Over Alleged $100M Fraud
• FINRA Fines Santander $2M For Debt Investments
• FINRA Shakes Citi Unit For $54M Over Hedge Funds
• Audit Worker Hits Deloitte With Overtime Action
• The Crackdown On Undeclared Foreign Bank Accounts
• Grant Thornton Should Pay Own Refco Costs: Report
• Capmark Creditors Get Chance At $96M Goldman Claim
• Obama Nominates Ex-Cravath Atty To Run TARP
• Longview's RICO Suit Survives Against Castle Arch
• Wells Fargo, QBE Face Suit Over Preset Policies
• Ex-WexTrust Exec Gets 13 Years For $255M Ponzi Role
• JPMorgan, First American Settle $4.5M WaMu Title Row
• Middleman In $32M Insider Trading Case Pleads Guilty
• HSBC Client Admits To Hiding Bank Accounts From US
• Ex-Crown Forex Principal Loses Bid To Ditch CFTC Suit
• NYSE Euronext Investors Face Intrigue, Expert Says
• UBS To Pay $11M Over Lehman-Issued Note Losses
• Goldman Sachs Gets To Keep $63M From Adelphia
• K&L Gates Boosts Asian Deals Team With Orrick Atty
• Atty Tarnishes Witness Testimony In Galleon Trial
• SEC Says Real Estate Fund Trafficked Bad Mortgages
• SRO Regulation In The Dodd-Frank Era
• UK To Review Google's $62M Buy Of Price-Quote Site
• Judge Preserves Russian Billionaire's JPMorgan Claims
• US Argues Investors Can't Sue SEC Over Stanford Fraud
• AllianceBernstein Sues Ex-Employee Hired By Barclays
• JPMorgan, Others Sued Over Insurer's $650M MBS Buy
• DVI Trustee To Take Merrill To Trial Over Transfers
• Bingham McCutchen Aids Gores In Detroits Pistons Buy
• SEC Scrutinizes Private Company Disclosure Rules
• AIG Unit Can't Dodge Adviser Contract Suit: Judge
• Judge Clears Accredited To Seek Ch. 11 Plan Votes
• Judge Narrows Ambac's $46M Credit Suisse MBS Suit
• Petters Liquidator Battles SEC For $14M Settlement
• Ex-Execs, Wilmington Trust Settle Trade Secrets Suit
• Goldman Exec Loses Bid For German Docs In SEC Suit
• Judge Sends Atty To NJ Court For Insider Trading Case
• Hawaii Exits NY Suit Over AmEx Merchant Policies
• New Stream Delays Ch. 11 Plan As Opposition Mounts
• Ex-Arrowhead Exec Cops To Cover-Up Of Petters Plot
• Rajaratnam Defense Team Reveals 4 Witnesses
• Ex-Point Blank CEO Fights Deregistration Plan
• PwC Director Urges DC Circ. To Revive Age Bias Claims
• Australia Shuts Down $9B ASX-SGX Deal
• FTC Clears Cowen's $192M LaBranche Buyout
• Judge Denies Investors' Subpoena Of FINRA Atty
• Investors, WMI Reach Settlement In Securities Suit
• US Targets HSBC Over Offshore Indian Accounts
• River Road Asks 7th Circ. To Let It Block Credit Bids
• Hedge Funds Want Suit Over Ponzi Losses Shifted
• Colonial BancGroup Wants BB&T To Return $24M
• Delta Global Misled Investors, Inflated Assets: SEC
• Fried Frank Ensnared In $32M Insider Trading Scandal
• Insurers Say Credit Suisse Lied About MBS Risks
• SEC Fines Brokers For Consumer Privacy Breach
• Shareholder Sues To Block $1.9B SRA Deal
• Ex-Ivy Employee Dropped From Madoff Feeder Suit
• National Lampoon CEO Fights Lockdown As Trial Nears
• Picard Sues Private Swiss Banks Over Madoff Millions
• DC Circ. Lifts Stay On Fed's Pay Rule Change
• Brooke's $18M Counterclaim Against Banks Survives
• E&Y To Hand Over Tax Docs In Tropicana Fee Fight
• M&A, Foreign Issuer Suits Drove 2010 Securities Actions
• Ex-Deloitte Partner's Wife Admits To Obstructing SEC
• Canopy Ex-CEO Must Pay Back $2M For $93M Fraud
• 3rd Lehman Reorganization Plan In The Works
• Sullivan Reps Prudential In $430M Bache Group Sale
• NY Fed Sells $1.3B In AIG Mortgage-Backed Securities
• Galleon Insider Trades Netted $64M, FBI Says
• JPMorgan Can't Ask Insurers For $214M, Atty Argues
• Judge Tells NIR Group To Fork Over Auditor's Report
• TD, Banker Group To Enter Canada Credit Card Action
• House Subcommittee OKs Fannie, Freddie Reforms
• Bear Stearns Not Liable For Baron Fraud: Atty
• Lehman Drops $54M Axa Trade Fight For $8.6M
• Fed. Circ. Sends RealTime Patent Suits To SDNY
• Va. Fines Alleged Investment Predators $37M
• Judge Extends Deadline For RBS Prosecution Deal
• Auditing Watchdog Wants Disciplinary Hearings Public
• Judge Thins Netologic Espionage Suit V. Goldman Sachs
• Ex-Taylor Bean Chair Wins Access To Colonial Docs
• Former EZ Lube Owners Can't Shake Suit Over LBO
• Ex-UBS Financial Adviser Files Overtime Class Action
• Goldman Asks Judge To Toss CDO Disclosure Suit
• JPMorgan Wants Teller OT Actions Merged
• Sydow Drops Defense Of Stanford In SEC Suit
• K&L Gates Takes On Finance, Transaction Pros
• Ex-Sonsini Atty Charged In $32M Insider Trading Case
• Creditors Balk At Lehman Discovery Framework
• Galleon Earned Millions On Insider Tips, FBI Says
• House Reps Spar Over Future Of Fannie And Freddie
• SEC Mulls New Safeguard Against Market Volatility
• NY Appeals Court Keeps RBC Investor Suit Alive
• Special Master Pinches Rating Agency Suit Discovery
• CFTC Accuses Pa. Hedge Fund Of $2.2M Fraud
• Eckert Seamans Snags Ex-Mass. Rep. Delahunt
• Satyam, PwC Units To Settle Fraud Claims For $17.5M
• US Ordered To Pay $83M In S&L Contract Case
• Ex-PR Exec Gets 16 Months For Insider Trading
• SIPC Joins Madoff Trustee's $6.4B JPMorgan Battle
• Wells Fargo To Pay $11M In SEC's Wachovia CDO Suit
• Enron Beats Appeal Over Bank's $50M Ch. 11 Claim
• EU Backs ABN Amro Aid With Restrictions
• Cordell Can't Enforce Injunction In Fraud Case
• Warren Defends Role In Mortgage Settlement Talks
• 7 Ways To Avoid Privacy And Data Security Trouble
• Australia Poised To Reject $7.9B ASX Deal: SGX
• Dish Network Wins Blockbuster With $320M Bid
• Judge Denies Bank's Injunction Bid In Durbin Suit
• Madoff Feeder Sues Abu Dhabi Fund For $300M
• Guggenheim Imposter Still Using Family Name: Atty
• 'Warrior' Chiesi Swapped Tips With Rajaratnam: Tapes
• SEC's Road To Victory Unclear In Potential CDO Cases
• SEC OKs Rule Change For FINRA Arbitration Docs
• Wells Fargo Sued Over Expenses Reimbursement
• WMI Edges Closer To Ch. 11 Exit With $13M Deal
• Capmark To Auction Management Stake In $1B Fund
• Father, Son Cop To $880M Ponzi Scheme
• Anchorage Funds Seek To Push Zais Debt Into Ch. 11
• Salvation Army Sues BNY Mellon For $22M Over Loans
• SEC Puts Stifel Unit On Notice Over Wis. School CDOs
• Moody's, Standard & Poor's Escape $7.8B MBS Suit
• Wachovia Dodges 4 Securities Class Actions
• Wilmington Trust Claims Former Execs Stole Secrets
• Credit Suisse, Cushman Duck $24B Investor Action
• State Street Off Hook In Fund Misrepresentation Suit
• Ex-Con To Cop To Ponzi Plot Against Fellow Inmates
• DC Circ. Blocks Fed's Pay Rule Change
• Opposing Investors Win Standing In New Stream Ch. 11
• Ex-Taylor Bean CEO Pleads Guilty In $2B Fraud Case
• $17M Settlement OK'd In Wells Fargo ERISA Case
• Texas High Court Backs 3rd-Party Property Contracts
• Ex-BDO Partner Says He Wept Over Tax Shelter Scrutiny
• GOP Sens. Introduce Bill To Repeal Dodd-Frank
• Court Denies Class Cert. In Moody's Securities Suit
• ERISA Suit Over Flagstar Plan's Stock Holdings Nixed
• Queen Shoals Exec Gets 22 Years For Ponzi Scheme
• Nasdaq, ICE Top Deutsche With $11.3B Bid For NYSE
• Ex-Heartland GC Engaged In Insider Trading: Judge
• Hancock, Whitney Strike DOJ Deal Over $1.5B Merger
• US Tries To Bar Defense Expert In Rajaratnam Trial
• Madoff, Lehman Trustees' Fees Could Bankrupt SIPC
• $200M Mortgages Ltd. Fraud Suit Survives
• Fannie, Freddie Pay Practices Need Scrutiny: Watchdog
• Hartford Can't Dodge $10M Student Loan Bond Suit