Banking Archive » January, 2008

Banking - January, 2008

184 articles

• Ex-Deloitte Partner Sanctioned Over Adelphia Audit
• U.S. Regulators Approve Midwest Airline Acquisition
• Judge Nixes Most Of Marsh Ex-COO's ERISA Claims
• Hedge Fund To Vote No On Countrywide-BofA Deal
• Industrial Loan Companies After The Moratorium
• Countrywide Affiliates Hit With Predatory Lending Suit
• Executive Order Codifies Current Practice For CFIUS
• People's Choice Seeks 2 More Months Of Exclusivity
• Lehman Tangles With IRS Over Tax Benefits
• Blackstone Hit With Suit Over Failed Merger
• "Linchpin" Of Bayou Fraud Gets 20 Years
• SEC Branch Chief Joins Crowell & Moring
• FBI Launches Subprime Investigation
• Canadian Exec Draws 12-Year Term In $115M Fraud
• AIG Pays $12.5M To Settle Bid-Rigging Claims
• Societe Generale Group Vies For Case File Access
• New Century To File Chapter 11 Plan By Feb. 21
• New Jersey Courts Claim Precedence In Cleanup Suit
• Heartland Advisors, SEC Settle Bond-Pricing Case
• Calif. Brings $1.6B Suit Against UnitedHealth
• Developer Settles Insurance Suit For $42.5M
• Ex-Milberg Weiss Client Is Fined But Not Jailed
• Class Action Hopes Dashed In Wells Fargo Trust Suit
• MetLife, BlackRock Sued Over Subprime Investments
• 3rd Time Not A Charm For Failed SEC PIPEs Claims
• Ex-Dow Jones Director, SEC Settle For $8M: Report
• 28 New Defendants Dragged Into Countrywide Case
• Individuals, Not Just Pensions, Can Bring ERISA Suits
• Allegheny, Merrill Settle Dispute For $50M
• Andersen Partner, SEC Settle Enron Audit Case
• Stoneridge: A Step Forward For "Loss Causation"
• Moscow Court Kicks PwC Appeal To The Curb
• Dura Lobbies Court To Approve New Loan
• French Bank Got Red Flag On Kerviel: Report
• JP Morgan Chase, HSBC Face New Class Actions
• Sallie Mae Drops Suit Against Banks
• E&Y Objects To Document Request In Sphinx Case
• URI Hit With Class Action Over Failed Cerberus Deal
• Court To Weigh If Co. Can Have Scienter If Execs Don't
• Financial Co. Is Lawyers' "Puppetmaster": Debtors
• Enron Demands $9M To Cover Settlement Shortfall
• What Effect Will Stoneridge Have On Litigation?
• Banks' Motion To Stay Calpine Confirmation Denied
• Fidelity Must Allow Vote On "Genocide-Free" Investing
• Vendors, Law Firms Clash Over E-Discovery
• Court Allows Overstock.com Suit To Proceed
• Lender Asks Court To Liquidate NovaStar Unit
• New Century Examiner Wins More Time For Probe
• Societe Generale To Seek Legal Action For Trader
• Refco Traders' Claims Don't Have Priority: Court
• New Century Gets More Time To File Exit Plan
• Credit Card Plaintiffs Dealt Discovery Setback
• New FLSA Suit Joins Pending Case Against WaMu
• Mitchell Silberberg Launches Subprime Group
• Mass. Queries MBIA, Ambac Over Risky Bonds
• SEC Begins Investigation Of ABN Amro, Fortis
• CORRECTED: SEC Investigating Sallie Mae Stock Deals
• Loan Co. Workers Not Exempt From Overtime: Judge
• Mortgage Lenders' Pact Pares Down Extension
• Assent Employee Pleads Guilty To Insider Trading
• Losses Prompt ERISA Suit Against Morgan Stanley
• Reed Smith Picks Up Half Anderson Kill's Work Force
• Freddie Mac Sued For Not Disclosing Subprime Risks
• Justices Send Homestore Suit Back To 9th Circuit
• Bayou Exec Sentenced To 51 Months For Fraud
• Company Offers Hedge Fund Fraud Insurance
• Citigroup Conditional Stock Plan Legal: Calif. Judge
• Credit Card Defendants Oppose Special Master
• New Details Emerge In Second Scruggs Scandal
• Goldman Sachs Analyst To Pay Back $6.7M
• FLYi, MTTC Settle For $108M In Claims
• Fedders Creditors Ask To Sue Insiders, Others
• N.Y. Sues Tax Prep Cos. Over High-Interest Loans
• Subprime Losses Could Top $500B: Report
• American Student Loan Sued Under FSLA
• New Century Accused Of Misleading Behavior
• Stoneridge's Effects Felt In Securities Action
• Patent Act Won't Meet "Efficiency" Goals: Sources
• U.S. Mulls Easing Fannie, Freddie Oversight: WSJ
• Patent-Granting System Awaits Serious Shake-Up
• Florida Yanks Allstate's License To Write New Policies
• Cozen O'Connor Creates Credit Crisis Group
• Ritchie Capital Cos. Sold For $452.5M
• Senate Bill May Do Damage to Damages: Sources
• Law Firm's 401(k) Plan Suit To Continue V. Hancock
• SEC Approves CBOE Rule Change In CBOT Scuffle
• Lawyers Entreat Supreme Court To Hear Enron Appeal
• Trustee Objects To Massive Claims Against SFC
• Subprime Loan Modifications And Tax Implications
• Ex-PwC Employees Settle Insider Trading Charges
• As Special Master, She Sets Precedent
• Ousted Commerce CEO Sues Bank For $50M
• Credit Card Cos., State Reach $16M Antitrust Accord
• New Century Trustee Backs Examiner's Extension Bid
• Workers Sue Morgan Stanley For Broker's Bad Advice
• Court Denies Some Claims In Interchange Fee Case
• Insider Trading Study Points Regulators To Wall Street
• Stoneridge May Prove Fatal To Enron-Related Action
• Supreme Court Strikes Blow To Investor Lawsuits
• Subprime Write-Downs Hit $174B, Suits To Rise
• Insurers, Brokers Not ERISA Fiduciaries: Judge
• Delphi Senior Noteholders Slam Bankruptcy Exit Plan
• 6th Circuit Finds CFTC Out Of Bounds In Futures Spat
• MBIA Faces Class Action Over $8.1B Loss Exposure
• SEC Will Bar CBOT Ex-Members From IPO: Report
• Firms Claim Sphinx Trustee's Discovery Is "Fishing"
• Trustee Objects To American Home's Auction Plan
• Scruggs' Lawyer Cops A Plea On Bribery Charge
• Amaranth-FERC Dispute Draws CFTC's Attention
• Subprime Crisis Drives FBR Mortgage Unit Into Ch. 11
• Stock Fraud Defendant Told To Hand Over Rock Tapes
• SEC "Front Running" Probe Deepens Merrill's Woes
• London's ING Re Seeks To Block U.S. Creditors
• Northern Trust Takes $100M Hit From Visa Suits
• Sonnenschein Introduces Credit Crisis Task Force
• MasterCard Antitrust Claims Should Stay: Judge
• Facing Subprime Crisis, Cleveland Sues Wall St.
• Amaranth Disputes CFTC's Manipulation Charge
• Countrywide Deal Could Mean Legal Woes For BofA
• Fifth Third Faces $23.5M ERISA Suit Over Pension
• Wells Fargo May Face Another FLSA Class Action
• OFHEO Revamps Fraud Guidance For Lenders
• CFTC Sues 2 CBOT Traders, Alleging $2.1M Fraud
• Shaky Economy Cited As Cadwalader Pink-Slips 35
• Court Upholds $20M Ruling Against IMA Founder
• Judge Approves Constellation Patent Settlements
• Warning-Label Suit Against Swiss Banks Tossed
• Deutsche Bank Settles Temp's FLSA Class Action
• Navistar Hit With Class Action After $1B Restatement
• Examiner Calls For More Time To Probe New Century
• Visa Settles Suit Over No-Contact Credit Card Patent
• New Ballard Legal Team Targets Subprime Woes
• New Century, GECC Ask For OK Of Ch. 11 Deal
• Deloitte Agrees To Pay Parmalat Bondholders
• Citigroup Asks Judge To Toss Enron MegaClaims Suit
• N.J. Awaits Governor's OK On Wrongful Death Suit Bill
• Hedge Funds Led Shareholder Activism In '07: Study
• Prominent Bankruptcy Attorney Joins Sheppard Mullin
• Bankrupt Co.'s Insurer To Pay $42M For Toxic Mess
• Ex-Counsel Sues To Break Glass Ceiling
• Citing "Quandary," Judge Won't Jail Merrill Exec
• Judge Overturns Willfulness Verdict Against ESpeed
• FINRA Fines Firms $2.8M For Trade Volume Reports
• Hartford Life Suit Not Preempted By ERISA: Judge
• Corporate Scandals Boost Alvarez & Marsal Unit
• Fannie Mae Fraud Plaintiffs Get Partial Victory
• Further Delay May Be Warranted For FINRA Rule 2821
• Baltimore Hits Lender With Predatory Lending Suit
• Judge Endorses Holocaust Settlement Amid Concerns
• Marsh Derivative Plaintiffs Battle Over Deloitte Claims
• Plaintiffs Vie For Lead In Citigroup ERISA Suit
• American Home Mortgage Wins Contract Fight
• Investors Jockey For Lead Status In WaMu Suit
• Weyerhaeuser Loses Dispute Over Asbestos Claims
• Deutsche Bank To Get $34M In Calpine Bankruptcy
• Settlement Clears Path To TD-Commerce Merger
• Two HomeBanc CEOs Named In New Securities Suit
• Court To Reconsider Post-Claim Underwriting Class
• Refco Plaintiffs, Remaining Defendants Square Off
• Equity Firm Battles Grant Thornton In Refco Fraud Suit
• Judge Asked To OK $13.5M RenRe Fraud Settlement
• Enron Paper Risks Upsetting Credit Market: Broker
• Merrill Lynch Appeal Of ResMae Plan Stayed Again
• Circuit Reverses Ruling In Insurance Class Action
• Claims Adjusters' FLSA Complaint Crashes
• FINRA Probes Mortgage Securities Sales To Seniors
• SEC Roundtable On Adviser, Broker Rules Urged
• Travelers Settles Securities Fraud Case for $77M
• Law Firm Reaps $2M Fees In Bally Bankruptcy
• Judge Nixes Credit Suisse's Bid To Boot Fraud Charges
• Trustee Fights Calls To Seal New Century Report
• Citi Objects To American Home Subservicing Deal
• Ex-Goldman Trader Gets 57 Mos. For Insider Trading
• Bayou Investors Livid At Creditors' Fee Bid
• Dechert Nabs Financial Services Partner
• State Street Sets Aside $618M For Subprime Suits
• Judge Refuses Request For Buffett Documents
• Mortgage Lenders Network Seeks Extension
• Key Claim Tossed In SEC's Case Against Gryphon
• Netflix, E*Trade, Wiley Nabbed In Web Patent Suit
• Travelers Cos. Settles Bid-Rigging Claims
• Bids Begin To Lead Fights Against Merrill Lynch
• Ex-Delphi Shareholders Secure $38M From Deloitte
• FTC Cuts No Slack For Second Failure To File