Banking Archive » February, 2009

Banking - February, 2009

177 articles

• Equity Outstrips Natural Disaster In Top Risks: Study
• Allianz Annuity Customers' Suit Gets Green Light
• Best Buy Suit Can Move To Federal Court: 9th Circ.
• Ex-Fannie Execs Want OFHEO To Produce Docs
• Idaho Investment Boss Accused Of $40M Ponzi Scam
• House New Dems Push For Bank, Insurance Reform
• 2nd Circ. Affirms Dismissal Of XL Capital Suit
• Creditors' Trustee Sues First Magnus Execs For $1B
• RICO Claims Dropped From AARP Trademark Suit
• Bill Seeks To Block Lavish Spending By TARP Banks
• NextBank Investors Beat FDIC In $50M Fund Claim
• One Claim In Citigroup Subprime Losses Suit Lives On
• Feds Charge Fund Manager With Outlandish Fraud
• Fund Boss Accused Of Living Large On $13M In 'Loans'
• Lehman Moves To Let Insurers Pay Defense Costs
• Citigroup Faces Charges Of Sex Bias In Mass Layoffs
• Judge Keeps Grant Thornton In Parmalat MDL
• KV Targets Citigroup Over $72M In Illiquid ARS
• FBI Nabs 2 Investment Managers In $668M Scheme
• Standard Bank Suit V. Aussi Insurer Sent To Oz
• Ex-Broker Gets 5 Years In UBS Insider Trading Scam
• Judge Keeps Hedge Fund Redemption Suit Alive
• CFTC Accuses 'Global' Options Firm Of $1.3M Fraud
• Zions Latest To Settle In Huge DataTreasury IP Suit
• D&O Insurance Rates Spike For Financial Firms
• Goldman Shareholder's Appeal Moot: 2nd Circ.
• Madoff Investors Must Abide By Claims Deadline
• 1st Circ. Pondering En Banc Hearing In Columbia Suit
• Financiers Get OK To Foreclose On SouthStar Homes
• Preventing A Personal Indictment Crisis — Part II
• CMU, Pitt Sue Investment Cos. For Misuse Of $300M
• House Wants Boost Of $37M For SEC, $35M For CFTC
• Cuomo Pushes For More Answers On Merrill Bonuses
• SCOTUS Weighs Preemption Under NBA ... Again
• Tenn. Court Nixes Regions Bid For Insurance Payout
• Plaintiffs Widen Antitrust Case V. MasterCard, Visa
• Preventing A Personal Indictment Crisis — Part I
• Former Morgan Stanley Atty Can Switch Sides: Judge
• Judge Clips Moody's Securities Class Action
• Cuomo Subpoenas BofA Head In Merrill Bonus Probe
• China Life To Buy Prudential's Taiwan Insurance Biz
• Visa Sued Over Text Message Charge Alert Patent
• Stanford Hit With Investor Class Action
• Court Asks Schwab Fund Plaintiff To Revise Complaint
• Treasury Ordered To Hand Over TARP Info To Fox
• Stanford Assets Seized In Latin America: Report
• US Ponzi Schemes Set Off International Probes
• Sen. Seeks Details On SEC Probe Of Lehman
• No Evidence Madoff Bought Securities: Report
• Claims Dropped In Muni Derivatives Antitrust MDL
• 7th Circ. Affirms Dismissal Of 401(k) Case V. Deere
• Uproar Over Exec Pay Unlikely To Spur Many Suits
• Santander To Notify Madoff Clients Of Lawsuit
• SEC Charges Hedge Fund With Overstating Assets
• CDS Dealers Commit To EU Central Clearing Parties
• UBS To Fight Efforts To Access Secret Account Info
• Court OKs Lehman Examiner's Plan
• Judge OKs Class In FLSA Action Against Citigroup
• SEC OKs Rule To Boost Liquidity On Nasdaq Exchange
• 2nd Circ. Denies Appeals From 2 Parmalat Units
• DataTern Sues Slew Of Cos. Over Database Patent
• Fifth Third Objects To HomeBanc Ch. 7 Bid
• 4 Significant Corporate Law Rulings
• Propex Looks To Sell Assets To DIP Lender For $61M
• The Problem With New CFIUS Rules
• 2nd Circ. Upholds 20-Year Prison Term For Bayou CFO
• Tellers Bring FLSA Action Against BofA
• 2nd Circ. Paves Way For Antitrust Suits V. AmEx
• Medtronic Counsel Returns To Oppenheimer Wolff
• 2nd Circ. Clears Out AIG Shelf-Space Class Action
• Reserve Drops Dechert, K&L Gates Malpractice Suit
• FINRA Tells Credit Suisse To Pay $406M Over ARS
• Sheppard Mullin Lands Wells Fargo Senior Counsel
• Clawbacks Loom As Madoff Trustee Subpoenas Firms
• Great American Off Hook For $22M In Fraud Claims
• NAIC, NCOIL Challenge FIA Rule
• Judge Dismisses Merrill Lynch Derivative Suits
• SEC Accuses Billionaire Stanford Of Massive Fraud
• Firms Form Global Alliance To Pursue Madoff Cash
• NovaStar Fails In Bid To Nix ERISA Action
• Hunton & Williams Nabs Veteran Akin Gump Litigator
• ESI: You Have It, But Can You Use It?
• Dreier Leaves Jail For House Arrest
• Stimulus Bill Limits Exec Pay For TARP Recipients
• Fitch, NYC Funds Settle National Century Claims
• SEC Probes Hedge Funds' Fairfax Trading
• FERC Shoots Down Proposed Amaranth Settlement
• Judge Tosses ERISA Claims Against HSBC
• UK Securities Agency Launches Probe Of AIG Unit
• Injunction Barring Worldcom Claims V. UBS Affirmed
• 9th Circ. Sets Terms For SLUSA Del. Carve-Out
• AHM Liquidation Plan Gets Nod
• FINRA Fines Wachovia Units $4.5M Over Sales
• Cashed-Out Madoff Investors Fear Clawback Suits
• Madoff's Wife Took Out $15.5M Before Arrest: Agency
• $311M In Claims Axed From Citco Hedge Fund Suit
• Redefining TARP: A Critical Phase For Bailout
• Judge Keeps SEC Fraud Suit V. UK Fund Adviser Alive
• European Investors Sue UBS Over Madoff-Linked Fund
• Enforcing Class Action Waiver Provisions
• SEC Approves FINRA Rule For Arbitration Decisions
• Barclays Drops Suit Over Bear Stearns Funds Flop
• PwC Off Hook In AIG Shareholder Fraud Suit
• Merrill Paid $3.6B In Bonuses Before Merger: Cuomo
• $34M Hedge Fund Really A Ponzi Scheme: CFTC
• Goldman Sachs Sued Over Pass-Through Certificates
• New Bank Bailout Includes Big Bucks, Big Questions
• Jailed Professor Barred From Commodities Trading
• Latest Mortgages Ltd. Dispute Centers On Legal Fees
• AXA, Sales Reps Near $6.5M Deal In OT Class Suit
• Twin City Fights $1M Claim Over Key Legal Costs
• Class Claims Cut From OT Suit Against Ameriprise
• Chapman & Cutler Nabs McKee Partner For NY Office
• PNC Seeks To Invalidate ING 'Orange Ball' Trademark
• BofA Seeks To Compel Discovery In Patent Fight
• BofA Hit With ERISA Suits Over Merrill, Countrywide
• Madoff, SEC Reach Deal In Civil Fraud Suit
• Barclays Settlement Lacks Key Information: LBHI
• Securities Suit Against Lehman Execs Tossed
• 1st Circ. Nixes SEC Appeal In $4M Putnam Fraud Suit
• SEC Enforcement Head Resigns Amid Madoff Probe
• Oneida Prevails In $6.3M Spat With Investment Firm
• American National Sues Over Lehman Losses
• DOL Urges Pension Managers To Probe Madoff Risks
• Banks To Pay Parmalat $136M In Deals Over Collapse
• American Home Mortgage Files Amended Ch. 11 Plan
• Obama Names Volcker-Led Economic Advisory Board
• Credit Union Regulator Considers Revisions To System
• Wells Fargo At Center Of $137M Lehman CDS Spat
• EU 'Very Much Welcomes' US-Style Cap On Bank Pay
• Coverage Limits Fuel Push For Deals In Madoff Suits
• Cleary Partner To Take On SEC General Counsel Role
• Calif. City Sues Over $145M Lehman Loss
• FIC Bid To Deny Legal Coverage To Sammons Lives
• Clothier Sues Citigroup Over $258M In Illiquid ARS
• DOJ Snags Jenner & Block Litigator For ADAG Post
• Litigating Against SEC, FINRA Can Pay Off: Study
• Dreier Under House Arrest After Release From Jail
• Homeowners Accuse Wells Fargo Of Appraisal-Rigging
• Rep. Calls For More Disclosure On Use Of TARP Cash
• Lehman Asks To Employ Jones Day
• Madoff Victims Include Jailed Milberg Attys, Celebs
• SEC, Wachovia Reach $7B Deal Over ARS Crash
• HomeBanc Slouches Toward Ch. 7
• Swiss Re Gets $3B Capital Boost From Warren Buffett
• FBI Nabs 4 For Insider Trading On Albertson's Sale
• Morgan Stanley Suits Over Conflicts Tossed
• Obama Caps Pay For TARP Execs At $500K
• Wachovia Gets EnCap Golf's Ch. 11 Case Dismissed
• Madoff Trustee Recovers $950M For Investors
• Lehman Unit Sues To Halt $137M Payout In CDS Deal
• Bankrupt Subprime Lender Fights To Reclaim $1.5M
• DC Circ. Expedites Challenge To SEC FIA Rule
• Madoff Whistleblower Slams SEC Before House Panel
• Hedge Fund Sues Own Auditors Over Madoff Losses
• Suits Against FDIC, Appraiser Move To Federal Court
• Lehman Brothers Whittles Liabilities To $200B
• Lehman May Hold Bad Assets, Give Creditors Stock
• Credit Suisse Seeks Sanctions Against Lloyds
• Trading Partner Sues Lehman For $71M
• Judge Keeps Copyright Case Against Prudential Alive
• Market Timing Suits Preempted By SLUSA: 4th Circ.
• Reversing The Benefit To Bank Acquirers
• Tremont Hit With Another Suit Over Madoff Scandal
• Lehman Examiner Seeks More Latitude In Probe
• Calls To Curb Executive Compensation Echo Widely
• Market Maker Sues Tyco Over $5M In Losses
• Davis Polk Snags Veteran SEC Deputy Director
• Plaintiffs Drop Per Se Theory In ATM Price-Fixing Suit
• Funds File Fresh Suit Against Nacchio, Woodruff
• SEC, Merrill Settle Pension Conflict Probe For $1M
• Mass. High Court OKs Citigroup Stock Plan
• Class Slams Santander Offer To Madoff Victims
• UBS Operated Tax Haven Scheme: La. Pension Plan
• Lehman Bankruptcy Judge Arrested For Slapping Wife
• Fund Manager Hit With Early Injunction In Fraud Suit
• RBS Faces 2nd Round Of US Investor Disclosure Suits