Banking Archive » July, 2008

Banking - July, 2008

192 articles

• UBS To Pay $4.4M To Settle ARS Fraud Claims
• Judge Denies Class Cert. In Katrina Reinsurance Case
• Mass. Charges Merrill Lynch With ARS Fraud
• Trader Gets 36 Months In Pump-And-Dump Scheme
• Pax To Pay $500K Over Violating Own Restrictions
• Ex-Credit Suisse Broker MIA
• 2nd Circ. Cuts NYSE Traders Loose
• SEC Aims To Shed Light On Municipal Securities
• Ex-Broker-Dealer Execs Settle Short-Selling Charges
• Troubled Patents Asserted Against Annuity Insurers
• Agents Stripped Of Class Status In Suit Vs. Insurer
• Orrick Settles San Diego Bond Suit For $2.9M
• Subprime Mess Drives Up Securities Suits: Report
• Ex-Refco CEO Reaches Truce With SEC
• Akin Loses Lawyer Team For Third Time This Month
• Fla. Man Sues Banks Over Online Security Patent
• Credit Agencies Lowered Bond Ratings: Conn. AG
• Discovery Limited In Marsh Securities Case
• Judge Frees Dabit, Ending Merrill Class Action
• Tighter Regulation Of Fannie & Freddie Under New Law
• Financial Execs Lose Confidence In SOX
• State Farm Fights Scrugges' Bid To Shield Testimony
• Investors, SCOR Settle Securities Case For $86.M
• Bankruptcy Judge Confirms People's Choice Exit Plan
• UBS Wins Dismissal Of Hedge Fund Fraud Suit
• BoNY Fights Exclusivity Extension For Wellman
• Acting With Scienter In Dynex
• Ex-Refco CEO Will Appeal 16-Year Prison Sentence
• Mutual Of Omaha Buys Deposits Of Two Failed Banks
• Delphi's Suit Against Appaloosa Will Go On
• Judge Certifies Slimmed Down WaMu ERISA Class
• DOL, SEC Join Up To Protect Retirees' Money
• Recent Decisions Dismissing Foreclosures
• SEC Hunts Down Sources Of Lehman Rumors
• Judge Will Not Decide Parmalat-Citi Case Early
• Judge Will Rule On Case Against Appaloosa Monday
• Fallout From CSX Remains To Be Seen
• Wickes Reaches $1.25M Settlement With Deloitte
• JHT Secures $35M In Exit Financing
• EU To Propose Rules For Credit Rating Agencies
• Citigroup Seeks Final OK For $33M Gender Bias Deal
• Countrywide Sues Ex-Manager For 'Raiding' Ranks
• Judge OKs Bankrupt Mortgage Lenders' Settlement
• Report Finds First Magnus Violated Real Estate Law
• L.A. Sues Wall Street Banks, Bond Insurers
• Sonnenschein Lashes Out At GMAC Over Aloha Fees
• Texas Seeks To Bar UBS From Doing Biz In the State
• DOJ Targets Countrywide, New Century, IndyMac
• FINRA Launches Arbitration Pilot Program
• DOL Offers New Fee Disclosure Rules For 401(k) Plans
• All Eyes On Mounting Muni Bond Litigation
• Regulatory And Govt. Affairs Practice: WilmerHale
• SEC Vows To Expand Short-Selling Rules
• Cuomo Slams UBS With Auction Rate Securities Suit
• Optiver Charged With Rigging Oil Futures Prices
• BoNY Objects To Wellman Plan Over Collateral Dispute
• Shareholders Sue CIBC Over Subprime Exposure
• Misappropriation Theory Of Insider Trading In Talbot
• 'Confusing' Bear Stearns Mortgages Violated Law: Suit
• White House Rescinds Threat To Veto Housing Bill
• New Reed Smith Group Responds To Market Crisis
• Investors Hit Fifth Third With Proposed Class Action
• Amerigroup Settles Discrimination Suit For $234M
• KFTC Fines State-Run Bank For Supporting Unit
• CORRECTED: Judge OKs Institutional Investor Suit Against BofA
• Getzler Henrich's Fabrikant Adviser Fees Top $5M
• NY AG Could File Civil Suit Against UBS This Week
• Bank Files Defamation Suit Over Analyst's Report
• Former CIBC Broker To Pay $1M In Market Timing Case
• Ex-SEC Commissioners Side With CSX
• SEC, Insurance Co. Settle Options Backdating Suit
• Bear Stearns Counsel Joins Dreier LLP
• Pepper Hamilton Adds Securities Partner
• No Contempt Sanctions, Yet, In Trading Tech. Dispute
• Speculation Bill Should OK Offshore Drilling: Senator
• Fiserv Targeted In Latest Suit Over Online Bill Pay
• Jury Convicts 3 Of Cheating Investors Out Of $50M
• HSBC Heaps On Interest Charges In Leap Years: Suit
• American Home Mortgage Wins Extension
• Court Says Trading Company Not Nominal Defendant
• Broker Can't Expunge State Records: D.C. Circ.
• Subprime Group Launched At Holland & Hart
• Judge OKs Crucial Fremont-CapitalSource Deal
• Tellabs V. Makor, One Year Later
• Ex-Refco President Asks For Shorter Sentence
• Offshore Banks Help Americans Evade Taxes: Report
• Discovery Order Issued In HomeBanc Ch. 11 Case
• FDIC Issues New Rules For Future Failed Banks
• Scheme Liability After Stoneridge
• French Agency Probes Bank Subprime Lending: Report
• Delaware Rules For CA In Proxy Payment Case
• AmEx Sued Over Navy-Developed IT Security Patent
• Fresno Sues Wall Street Firms Over Derivatives
• House Committee OKs Interchange Fee Bill
• Banking And Finance Practice: Baker & McKenzie
• FBI Reportedly Probing IndyMac For Possible Fraud
• Missouri 'Inspects' Wachovia Offices In ARS Probe
• M&A Practice: WilmerHale
• Judge Consolidates UBS Auction Rate Cases
• CSX Loses One-Third of Seats To Dissidents
• Statewide Mortgage Wins Bid To Toss FLSA Suit
• Senators Push To Curb Energy Speculation
• Judge Gives New Century Plan The Nod
• FERC Pushes Ahead With Case Against Amaranth
• Suit Against Katrina Insurers To Go On
• Judge Slams Firm For 'Sham' Client In Monster Suit
• Countrywide Reaches Truce With Pa. Trustee
• Former Chase Employee Sues For Age Discrimination
• Hedge Fund Manager Makes Bid To Quash Gottex Suit
• Proposed Reg. S-P Amendments: Some Concerns
• Tousa Creditors Take Aim At Tousa Lenders
• DOJ Slow To Shield Lawyer-Client Privilege: Senator
• UBS Will Buy Back Up To $3.5B Of ARS
• Countrywide Class Action Sent Back To Calif. Court
• Mortgage Lender's Ansel Adams Sale Draws Scrutiny
• Lehman Bros. Fights Sentinel Trustee Over Claims
• SEC Moves To Slow Down Fannie, Freddie Short Selling
• Arbitration Best Bet For Consumer Disputes: Study
• Judge Confirms Fieldstone's Reorganization Plan
• Hezbollah Victims Sue Two Banks For $650M
• SEC Probes Hedge Funds Over Rumors: Report
• Windshield Antitrust Suit Against State Farm Tossed
• Fed. Circuit Tosses $84.6M Ruling Against Thomson
• SEC Probes Rumor Controls At Wall Street Firms
• Aloha Lender Balks At Sonnenschein's Bill
• DOJ Lawyer Moves To Post & Schell
• Tower Records Settles Claims With Deutsche
• JP Morgan, Shareholders Work Out Cash-Free Deal
• ARS Investors Balk At UBS Bid For Filing Extension
• Morgan Stanley Banker Arrested For Insider Trading
• Forklift Operator Avoids Jail In Insider Trading Scam
• Sarkozy Asks For EU Cross-Border Trading Report
• People's Choice Creditors Get Breathing Room
• Freddie, Fannie Not Likely To Be Nationalized: Experts
• Judge Approves NorthWestern Securities Settlement
• Regions Bank Moves La. Fraud Suit To U.S. Court
• Fannie, Freddie Hammered As Bailout Talk Swirls
• Judge Grants Aegis More Time To Submit Ch. 11 Plan
• Gradient's Countersuit V. Overstock Goes Forward
• Court Approves Syntax-Brillian DIP Financing
• BoNY Appeals Pacific Lumber Reorganization Plan
• Wave Of ERISA Revenue-Sharing Cases Continues
• Tenn. Commerce Bancorp Sued For Firing CFO
• Worker Pleads Guilty In Morgan Stanley Theft Case
• NYSE Reverses $75K Fine Against Ex-Bear Broker
• Credit Rating Agencies Faulted In SEC Review
• Feds Launch ARS Probe Of 2 Credit Suisse Brokers
• CORRECTED: Judge Blocks Telos Directors From Contacting Auditors
• Adviser Gets 12 Years In Ohio Workers' Comp Case
• Metlife Court And 'Totality Of The Circumstances'
• Fulbright's New Group Will Tackle Subprime Crisis
• Judge Refuses To Dismiss Antitrust Suit V. Bankrate
• Class Gripes Put $16M Morgan Stanley Deal On Ice
• Deutsche Bank Freed Of Most Claims In ARS Suit
• JP Morgan CEO Calls For Probe Into Bear's Collapse
• Judge Keeps Ohio AG's Insurance Antitrust Suit Alive
• SEC Streamlines SRO Rule-Filing Processes
• Couple Settles SEC's Insider Trading Allegations
• French Regulator Socks SocGen With $6M Fine
• 2nd Circuit OKs Squawk Box Retrial
• Prime Countrywide Merger Suit Moves Toward Deal
• 2nd Circ. Affirms Dismissal In Junk Bonds Case
• M&A Practice: McDermott Will & Emery
• AIG $24M Settlement To Pensioners Nears Approval
• Insurance Cos. Settle For $69M In Bid-Rigging MDL
• BoNY Makes New Bid To Dismiss $550M Suit
• 3rd Circ. Asks Pa. High Court To Mull 'In Pari Delicto'
• Rule Change Could Decrease Funds To Bankrupt Plans
• New Century Liquidation Plan Approved
• M&A Practice: Holland & Knight
• Ninth Circuit Allows GE Unit To Seek Default Interest
• Proposed Rule Changes For Foreign Broker-Dealers
• 6th Circ. Vacates Ruling In $2B National Century Case
• Judge Approves Settlement Class In Parmalat Case
• SEC's Post-Election Future Tough Call, Experts Say
• BofA Scores Markman Win In 'Keep The Change' Suit
• Judge Sentences Ex-Refco CEO To 16 Years In Jail
• Israel, Not Dead, Surrenders To Authorities
• Judge Allows $90M In Claims Against New Century
• Hedge Fund Owner Settles SEC Case For $5M
• PwC To Pay $12M To Settle Class Action
• Schulte Roth Gains Five Lawyers, D.C. Office
• Fla. AG Sues Countrywide For Misleading Borrowers
• Goody's Clothing Gets $175M DIP Loan
• Delaware To Hear Proxy-Cost Fight Case
• Ernst & Young Hit With Suit Over Software Valuation
• 11th Circ. Vacates Restitution In Wilshire Case
• Visa Revises Debit Card Rules In Wake of DOJ Probe
• State Street Hit With Suit Over Subprime Losses
• State Court Tosses Remaining Claims Against Grasso
• Judge Won't Let Broker Intervene In Merrill Case
• Accenture Slapped With ERISA Class Action