Banking Archive » July, 2011

Banking - July, 2011

346 articles

• BofA, Yelp, Others Sued Over Traffic System IP
• Mortgage Co. Seeks Defense in Lehman Contract Suit
• Investors Can Bring Claims Against BofA Execs: Judge
• Judge Tosses Most Claims In JPMorgan Mortgage Suit
• Fed Circ. Lets Sanctions Stand Against Eon-Net
• Ex-SAC Manager Gets 30 Months For Insider Trading
• Lehman Appeals Barclays' $13B 'Windfall'
• 10th Circ. Nixes $5M Award In Fire Coverage Row
• Resort Owners Reach Deal With Miller Buckfire For $2M
• WaMu Creditors Balk At Proposed LTW Holders Committee
• DOJ Sues Lender For Alleged Lies To HUD
• Camico Fights Coverage For $40M Class Action Fraud
• White & Case Add 2 Capital Markets Pros, Milan Office
• Investors Accuse TD, Gibraltar Of Aiding Rothstein Fraud
• UK Competition Commission To Examine Audit Market
• La Madrid Gets 10 Years For $30M Hedge Fund Fraud
• An Aggressive Insider Trading Case
• BofA, Countrywide Sued Over Loan Quality Statements
• Ex-TCW Investment Chief's Trade Secrets Trial Begins
• Securities Suit Against Kohlberg Capital Gets Booted
• Judge Scraps Bulk Of Madoff Trustee's $9B HSBC Suit
• WCAS Fraser Sullivan Eyes Managing Lehman Loans
• 8th Circ. Revives Countrywide Loan Fee Action
• Ex-Kane CEO Inks Deal In Muni Bond Bid-Rigging Probe
• Ex-Taro Exec In Contempt Over $2M Insider Trading Fine
• HSBC To Settle Credit Card Protection Class Action
• Ashland Loses 6th, 2nd Circ. Appeals In ARS Suits
• Tremont Strikes $1B Deal With Madoff Trustee
• Barring RICO Claims Based On Alleged Securities Fraud
• CFPB Unveils Rules For Investigative Practices
• Grassley Probes Education Officials' Wall Street Ties
• WexTrust Receiver Sues Insurers For Malpractice Funds
• Building Your Own Business Development Plan
• Judge Denies Court Transfer For Madoff Feeder Funds
• JPMorgan Dealt Blow In Freedom Loan Suit With Luxor
• E&Y Tip Recipient Dodges Prison For Trading Scheme
• SEC Staff Fault Broker-Dealers Over Structured Securities
• SEC, FINRA Lax In Telling Funds Of Ad Rule Changes: GAO
• GAO To Review Madoff Trustee's Clawback Suits
• Muni Bond Bid-Rigging Charges Aren't Time-Barred: Feds
• Lehman Pursues $385M Real Estate Sell-Off
• UBS Sued Over $4.5B Fannie, Freddie RMBS Losses
• Debt Collector Sued For Alleged Illegal Robo Calls
• Class Claims Trimmed In Lehman Securities MDL Suit
• Merrill Units Must Pay $8M Over Stock Seizure: FINRA
• Ex-Ally Worker Was Atty Stealing Trade Secrets: Suit
• BDO Settles Suit Over Faulty Audit Of Subprime Lender
• UK High Court OKs Flip Clauses In Lehman Notes
• Citibank Tries To Sink $430M Madoff Clawback Suit
• The Debt Ceiling Debate: A Major Implication Ignored
• Union Bank Customers Win Class Cert. In Overdraft MDL
• AmFin Compromises With Noteholders In New Ch. 11 Plan
• EEOC Asks 7th Circ. To Revive Merrill Brokers' Bias Suit
• Alleged Inside Trader Strikes Deal In $8M SEC Suit
• 5th Circ. Affirms Conviction Of Ex-First Fidelity CEO
• Rothstein Trustee Sues TD Bank Over Ponzi Losses
• SunTrust Units Fined $5M For ARS Practices
• Sky Capital Defendants Convicted In $140M Fraud Case
• UniCredit Fights Madoff Trustee's Racketeering Claims
• 2nd Circ. Affirms Dismissal Of Suit Over CBRE IPO
• SEC Approves New Rules On Large-Trader Reporting
• UBS Given Limited Immunity In LIBOR Probe
• Trends In Qui Tam False Claims Cases
• Financing Solar Renewable Energy Projects
• Ex-Wachovia Broker Gets 6 1/2 Years For $8.4M Scam
• JPMorgan Says FDIC Should Pay For $650M MBS Suit
• Ex-Credit Suisse Broker's $1B Fraud Case Sent To Brooklyn
• Mass. AG Probes Mortgage Registry Over Foreclosures
• Fugitive REIT Founder Gets 17 Years For $2M Fraud
• Deutsche Bank Unit's Suit Over $352M In MBS Gets OK
• BofA Mortgage Woes Hurt Bottom Line: Shareholders
• Rabobank Closes Book On Muni Bond MDL Suits
• Hedge Fund Manager To Pay $1M To Settle CFTC Suit
• Sbarro Lender Fights Loan's Debt To Equity Switch
• Arbitration Antitrust MDL Plaintiffs Want Deal Approved
• DataTreasury, US Bank Can't Agree On Imaging Royalty
• Wells Fargo Ducks Suit Over Employee Trading Policy
• Last Trivium Insider Trading Defendant Seeks Exit
• Payday Loan Marketer Settles With FTC For $4.8M
• Sullivan Reps ING In €3B Sale Of Latin American Units
• Safeguarding Material, Nonpublic Info
• 5th Circ. Makes U-Turn On Arbitration In Stanford Suit
• House Passes GOP-Backed Changes To Consumer Agency
• Longbranch, Exec Told To Pay $2.4M In Forex Ponzi Suit
• Judge Ejects Dodgers' $150M DIP Financing Plan
• K1 Hedge Funder Gets 10 Years For $500M Ponzi Scheme
• Ex-Woodbury Broker Gets 8 Years For $5M Fraud
• Taylor Bean's $1.6B Deal Overcomes Freddie Mac Protest
• Policy Seller Evades Contempt Ruling In Pruco Suit
• Judge Won't Speed Up Challenge To $235M GSC Sale
• Nebraska Book Gets $200M Back-To-School Season Loans
• Lehman Approved To Move Ahead With SunCal Plans
• Proxy Access Ruling Could Spur SEC Rule Challenges
• The Risk Created By E-Discovery Vendors
• Greenwich Ch. 11 Plans Detail $212M Picard Deal
• Funds Seek To Block Dynegy's $1.7B Restructuring Plan
• Wells Fargo Files $239M Suit Over MBS Loan Default
• Countrywide Can't Dodge Sales Exec's Race Bias Suit
• WaMu Investors Wrap Up Arguments Against Ch. 11 Plan
• NY Appeals Court Tosses 45-Year-Old Citigroup Suit
• Man Can't Duck SEC Suit Over Fake Kodak, AMR Offers
• Judge Knocks War Chest In $62.5M HSBC Madoff Deal
• Feds Charge 4 In $3B Credit Suisse Tax Fraud Case
• Wall Street Ire No Reason To Convict, Ex-Sky CEO Says
• UBS Claims Against Highland Are Too Late: NY Court
• BofA Customers Sue Over Unauthorized Insurance Fees
• CFTC Chair Draws Fire From Lawmakers Over Swap Regs
• Lehman, Barclays Square Off In $500M Bonus Pay Beef
• Judge Nixes Hedge Fund's $1.6B Suit Over Goldman CDOs
• 2nd Circ. Denies Class Cert. Appeal In Moody's Suit
• Mass. Regulators Say RBC Improperly Sold Risky ETFs
• $132M China Expert Fraud Suit Survives Dismissal Bid
• NY Fed Prez Got Waiver For AIG, GE Holdings: Report
• Ernst & Young Can't Escape Tax Shelter Case
• Frank, Agencies Say Dodd-Frank Reforms Need Funding
• UK Agency Fines Willis $11M Over Anti-Bribe Controls
• Federated Sues BofA Over $185M Countrywide Investment
• Swiss Adviser Charged With Helping Clients Hide $184M
• A New Negligence Standard For Compensation Clawback
• Blackstone To Buy Clothier Jack Wolfskin For $994M
• MetLife Puts $15.6B Bank Business On Auction Block
• MLB, Dodgers Trade Hits Over $150M Ch. 11 Funding
• OCC Boosts States In New Banking Law Preemption Rule
• 2nd Circ. Blocks Argentina From $100M Bond Exchange
• McGinn Smith Founder's Wife Hit With $1M In Sanctions
• 9th Circ. Kills Brookstreet Investor's Coverage Bid
• 11th Circ. Backs Schwab's $1.4M Trade Secrets Award
• Honest Services Charges Survive In CDR Bid-Rigging Case
• Wells Fargo Hit With $85M Subprime Steering Penalty
• Sky Capital Defendants Are 'Family Of Criminals': US
• Harbor Wealth Exec Gets 6 Years For $5M Fraud
• Rajaratnam Co-Conspirator Chiesi Sentenced To 30 Months
• US Bank Hits First American With Loan Insurance Suit
• Madoff Trustee Drops Some Claims Against UBS
• Feds Bear Down On $3.7B Petters Fraud Fundraisers
• Q&A With Howard Rice's Gilbert Serota
• Extending Section 546(e) To Commercial Paper Redemption
• Perimeter Chief Settles Over Alleged $4.5M Fraud
• Key Lehman Settlement With Creditors Wins Approval
• GAO Says Bankruptcy Code Unclear For Financial Cos.
• Lampoon CEO Wants Barnes & Thornburg Disqualified
• Aurelius Attys Aided Wrongful Trading: WaMu Shareholders
• Ex-LandAmerica Execs Fight Tolling Agreement
• 2nd Circ. Says Fraudster Can't Withdraw His Appeal
• Madoff Investor Fights To Block $7.2B Picower Deal
• Jones Day Snags Edwards Angell Finance Atty In Boston
• Va. Man Gets 8 Years For $8.9M Investment Fraud
• Q&A With Katten's Stuart Richter
• AmTrust Unit Settles Ex-Banker's FLSA Suit
• Reflecting Operating Leases On The Balance Sheet
• Aon Buys Researcher Ward Financial From Ohio Farmers
• Ex-Galleon Trader Settles SEC Claims
• CFTC Proposes Derivative Trading, Risk Rules
• Merrill Bias Plaintiffs Say Dukes Supports Class Bid
• First Horizon Seeks $25M Coverage For Sentinel Suits
• Trivium Co-Founder Pays $2.7M To Settle SEC Claims
• Man Group Takes On Lehman Exposure For $355M
• 2nd Circ. Vacates Injunction In CSX Proxy Fight
• Credit Union Admin Hits RBS With $629M Securities Suit
• BofA Tellers' Seating Class Action Won't Stand: Judge
• Hedge Fund Denies Insider Trading Claims In WaMu Ch. 11
• Judge Halts $92M JPMorgan Deal In Muni Bond MDL
• Imperial Creditors Sue Board Over $800M MBS Purchase
• Man Cops To False Statements In Cook Ponzi Probe
• US Blasts Westgate Fraudster's Bid To Annul Sentence
• Fla. Man Gets 5 Years For $5.2M Exim Bank Fraud
• Dodgers Creditors Say MLB Loan Deal Beats Fund Offer
• Ex-WexTrust Exec Gets 22 Years For $9.2M Ponzi Scheme
• Lenders Target Oppenheimer Over $1.8B Loan Breaches
• BofA Hit With Financial Adviser Trainee OT Suit
• Head Of Obama Fraud Task Force Steps Down
• SEC Fights Costs Award In Morgan Keegan ARS Suit
• SRA Investors Back $1.9B Sale To Providence
• Former Trader Cops To Agency Death Threats
• Citigroup Investors Seek Class Cert. In CDO Action
• Obama Taps Cordray To Lead Consumer Bureau
• Northstar International Settles SEC Ponzi Claims
• Greenberg Traurig Adds Corporate Pro In Fla.
• Ex-Trader Pleads Not Guilty To $25M Ponzi Scheme
• Shareholders Question Value Of Reorganized WaMu
• F&M Says Federal Owes $7M Coverage For Loan Scam
• Judge Denies New Bond For CEO Who Fled Trial
• Ex-Owner Of Extended Stay Must Pay Lenders $100M
• CIBC To Pay JPMorgan $848M For Piece Of Asset Manager
• Arch Employees Lose Bonus Claims In Hartford Raid Suit
• US Fire Loses Bid To Kill 1031 Receiver's Fraud Claim
• Ex-TPG Associate Fined In Insider Trading Case
• Centerbridge Says Lehman Ch. 11 Plan Not Confirmable
• Capital One Sues Ex-Banking Chief Over Expansion
• Ex-NYSE Examiner Plays Down Sky Capital Fraud Claims
• JPMorgan To Settle Underwriter OT Suit For $42M
• Liberty Mutual Wants Off Hook For $13M Much Shelist Deal
• Credit Suisse Caught Up In DOJ Private Banking Probe
• UBS Wins Bid To Move Madoff Trustee's $2.6B Suits
• UAE Bank Knew Risks Of $40M Transaction: Credit Suisse
• Ex-Pepsi Exec Supports Sky Capital At Trial
• Stanford Receiver Seeks $1.5M From Broker-Dealer Exec
• Securities Law Blocks Mare Breeding Suit: Bank
• Ex-Dell Manager Must Repay Insider Trading Gains: Judge
• 11th Circ. Won't Revive Arch's $4M Suit Against Auditor
• SEC Fraud Suit V. National Lampoon CEO Put On Pause
• Dexia Sues Deutsche Bank Over $1B In MBS
• Ambac Suit Over $1B JPMorgan Losses Revived In NY
• Texas Court Remands Fight Over Construction Payments
• Using Financial Information In Settlement Negotiations
• How They Won It: Quinn Emanuel Airs Tiny Lies For Big Win
• Volcker Rule Won't Work Without More Bank Info: GAO
• Freddie Mac GC Joins SNR Denton's NY, DC Offices
• Banks Lose Latest Attempts To Ditch Overdraft Fee MDL
• Visa, MasterCard Face Suit Over WikiLeaks Blockade
• Q&A With Hogan Lovells' Marc Gottridge
• Deutsche Boerse Shareholders Back $10B NYSE Tie-Up
• Borders Wins OK To Move Forward With Auction
• Stockbroker Slaps Bishop Rosen With Overtime Action
• Countrywide Says Pension Fund's MBS Suit Time Barred
• BofA Dodges Loan Officer FLSA Suit
• NJ Seeks To Block $15M Coverage Payment To Lehman
• Jiau Says Fraud Verdict Based On Speculation
• Ex-Sky Capital CEO Charged Perks To Firm, US Says
• Barclays, LBHI Seek To Delay Payments In Assets Fight
• Merrill Says Court Has No Jurisdiction Over Denied Class
• Capmark Ducks $2M Claim Over Mortgage Servicing
• 1st Circ. Upholds Citigroup Win In Deferred Comp MDL
• WaMu Resumes Ch. 11 Plan Battle With Shareholders
• Sbarro Creditors Demand E&Y Earnings Report
• SEC Delays Retail Forex Trading Ban For Year
• Simpson Thacher Reps Apax In $6B Kinetic Concepts Deal
• NewOak Must Litigate Fraud Claims V. Applied: 2nd Circ.
• Wealth Management Co. Accused Of $300M Tax Shelter
• Fed. Circ. Reverses $13M S&L Payout For US
• Walnut Place Pipes Up Over $8.5B BofA Settlement
• Ex-Nasdaq Exec Settles SEC Insider Trading Charges
• K&L Gates Partner Moves To JPMorgan
• 1031 Tax Group Clients Lose Bid For Class Cert.
• The Scope Of Questioning For A 30(b)(6) Deposition
• Wall Street Insider Chiesi Settles With SEC
• Case Study: In Re River Road
• JPMorgan, Citi Settle In Check System False Marking Row
• SEC Bans Ex-Morgan Stanley Trader Over Hidden Risks
• Greenberg Traurig Demands Docs In $200M Fraud Suit
• Ex-Galleon Adviser Seeks Acquittal, Retrial
• Freddie Mac Fights Taylor Bean's $1.6B Settlement
• Madoff's Aide Denied 2-Week Fla. Getaway
• Texas Court Revives Merrill Fraud Liability Claim
• Queen Shoals Execs, CFTC Settle $22M Fraud Case
• Polygon Execs Sued Over 'Unjust' Tetragon Fees
• Madoff Victims To Receive $272M In 1st Payment Round
• WaMu Creditors Fight Attacks On JPMorgan Settlement
• Translating India's New IT Law
• Trivium Analyst Settles SEC Insider Trading Claims
• E&Y Wins Stay Of Ex-Worker's NY Overtime Action
• SIPC Opposes Mets Owners' Bid To Dodge $1B Madoff Suit
• Ex-Sky Capital Broker Testifies On Strip Clubs, Bonuses
• San Francisco Atty Indicted Over $10M Ponzi Scheme
• Blackstone Takes IPO Class Action To Supreme Court
• Commerzbank Unit Fails To Nix Hedge Fund's $68M Suit
• Trico Ch. 11 Plan Skirts $27M Claim, Tennenbaum Says
• GSC Gets Court OK For $235M Black Diamond Sale
• Goldman Can't Force Arbitration In Sex Bias Action: Judge
• Affiliated Trustee Sues Board Over $11.5M Check Fraud
• Radian Settles With Deutsche Bank Over MBS Policy
• Gupta Wins Green Light For Suit Against SEC
• AGM Claims Cut In $82M Flagstar MBS Coverage Fight
• Lender Sues E-Rate Contractor For $30M, Receivership
• Md. Appeal Won't Breach Stay In Jackson Hewitt Ch. 11
• WaMu Securities Holders Jeopardize Ch. 11 Plan
• Ex-Hedge Fund Manager Settles With SEC For $1M
• Bonus For GSC Head Approved Over Trustee Objection
• MLB Wants Info On McCourt's $5M Highbridge Payment
• Sabertooth Sues Lender For $4M Over Ch. 11 Failure
• Marko Reps Paine & Partners In Deal For Scanbio Unit
• Juice Co. SkyPeople Slaps Short Seller With Libel Suit
• Wells Fargo To Pay $7M In Ex-Worker's Defamation Suit
• Doing Business With Sovereign Wealth Funds
• Stanford Investors Attack Receiver's Clawback Efforts
• WG Trading Receiver Pushes $22M Continental Deal
• Ex-Gerova Unit Chief Wants Out Of Stillwater Action
• Mets Lawyers Ask Judge To Toss Picard's $1B Suit
• Liberty Mutual Sues Goldman Over Freddie Mac Offering
• Advanced Equities Seeks Injunction Against Felix
• Stanford Defense Atty Begs Judge For Cash
• Inside Morgan Keegan's SEC Settlement
• Ex-Citigroup Banker Cops To $6M Securities Fraud
• Wells Fargo Claim Survives In $10M Policy Sale Suit
• District Judge Likely To Take Up Picard's UBS Case
• CFTC Passes Rules On Swap Market Fraud, Manipulation
• BofA Releases $1.2M In WL Homes Ch. 7 Agreement
• Trader Hits BofA, Citi, JPMorgan, UBS With Libor Suit
• 2nd Circ. Bans RICO Claim In Madoff Investor Suit
• CDIB's $228M Securities Suit V. Morgan Stanley Survives
• Wells Fargo Settles MBS Action For $125M
• FDIC Hits Ex-IndyMac CEO With $600M Negligence Suit
• Linklaters Opens 2nd UAE Office In Abu Dhabi
• JPMorgan To Pay $211M In Muni Bond Bid-Rigging Deal
• AIG Unit, Investment Adviser End Asset Sale Fight
• Dechert Reps JPMorgan Unit In $470M APAC Buy
• NYSE Shareholders Approve Deutsche Boerse Merger
• Judge Keeps Claims In TCW Suit V. Ex-Investment Head
• FINRA Orders Merrill To Pay $63.7M To Hedge Funds
• Allstate Targets Morgan Stanley Over MBS
• Dime Bancorp Investors Seek Committee In WMI Ch. 11
• Starr Adds American Promoters To Chinese Stock Suit
• Chase Fails To Limit EEOC Sex Bias Action
• Coming Changes For Derivatives Users
• CFTC Fights Call For Recusal In Menacing Trader's Suits
• Capmark Creditors Cleared To Vote On Ch. 11 Plan
• Pension Funds Cry Foul Over $8.5B BofA, Investors Deal
• Banco Santander Moves To Trim Madoff Fraud Action
• Ex-Sky Capital CEO Tries To Discredit Fraud Trial Witness
• WTO Hints EU Should Phase Out Heavy Recession Aid
• FDIC, Ex-WaMu Officers' Deal Talks Break Down: Attys
• Cambridge Place Seeks Remand Of Suit Over $825M In MBS
• FDIC Paves Way To Reclaim Pay From Failed Banks' Execs
• 8th Circ. Nixes En Banc Bid In State Street Pension Suit
• MGIC Denied Loans To Moms On Leave, DOJ Says
• Merrill Can't Shake $100M Funeral Trust Class Action
• Ex-Flextronics Worker Cops To Selling Insider Tips
• BofA's $8.5B Securities Settlement Shady: Investors
• Citing High Court, Freddie Mac Investors Seek Cert.
• Silicon Valley Law Group Fights Class Cert. In Okun Suit
• Ex-Sky Capital CEO Urged Hard Sell On Secret Tapes
• Hartford Analyst's Stock Tips Fine Sticks
• Investors Can't Cash Out Argentine Funds: 2nd Circ.
• Texas Tax Men Blast Jackson Hewitt Ch. 11 Plan
• Accused Muni Bond Bid-Riggers Call Charges Outdated
• BDO Seidman Insurers' Suit Over $95M Payment Nixed
• Baker & McKenzie Scores Banking Ace From Alston
• Sidley Snags Ex-McDermott M&A Partner In NY
• The 2nd Circ. Stance On 'Hot News' Misappropriation
• Ropes Reps TPG In $2B Bid To Take Immucor Private
• Ex-Fund Manager Sues Alger Over Trading Policy
• Mets Owners Score Win In Forum Fight With Madoff Trustee
• MBIA's D&O Policies Cover Probe Costs: 2nd Circ.
• SEC Temporarily Exempts Some Swaps From New Rules
• WaMu Units Want 110 Claims Tossed From MBS Action
• Senate Confirms Cohen As Treasury Anti-Terrorism Chief
• Obama Taps FDIC Director For Top Bank Regulator Post
• Wells Fargo Moves To Toss Suit Over $7B ARS Settlement
• Ex-Board Member Says Sky Capital Was 'Complete Mess'
• Ex-Mich. Congressman Tied To NM Pay-To-Play Plot
• Embracing Social Media In The Corporate World
• Dewey, Weil Lead $1.6B Blackboard Sale To Providence
• Lehman Forges Ch. 11 Pact With Key Creditors
• Investors Get $208.5M In WaMu Settlement
• NY Fed Halts Sales Of AIG Mortgage-Backed Securities
• Q&A With King & Spalding's Richard Marooney