Banking Archive » May, 2009

Banking - May, 2009

191 articles

• Ernst & Young Ordered To Turn Over Vivendi Audits
• Investor's $70M Suit V. Abbott Sent To Arbitration
• Former NYSE Trader Settles SEC Fraud Claims
• Bilski Kills Patent In 'Keep The Change' Suit V. BofA
• BearingPoint Gets OK For $44M Asset Sale To PwC
• County Objects To Lehman Bid To Sell Small Assets
• Citi, SEC Said To Be In Talks On Asset-Probe Deal
• Insurer Claims Dewey's Advice Led To $1B Loss
• SEC, FINRA Sue Brookstreet Brokers For Fraud
• Fund Can't Take Over Securities Suit V. Merrill: Judge
• AIG Unit Tries To Nix Countrywide Mortgage Suit
• Bank Failures, Rights Of FDIC Against Holding Cos.
• NY Life Unit To Cough Up $6.2M Over Fund Fees
• Legacy CMBS Under TALF
• EU Pushes For Risk Monitor, New Finance Watchdog
• ARS Investors Seek Lead Plaintiff Swap In UBS Case
• SunTrust, Tech Support Reach Deal In FLSA Action
• NY AG, Mortgage Broker Resolve Housing Bias Suit
• Pequot Shuttered Amid Insider Trading Probe
• BankUnited Files For Ch. 11 In FDIC-Brokered Deal
• Ex-UBS Brokers Banned From Soliciting Clients
• SEC Claims Investment Adviser Misrepresented Risk
• Madoff Trustee Pulls In $235M From Santander Funds
• Nadel Receiver Seeks Approval Of Clawback Deal
• Global Lehman Admins To Share Bankruptcy Info
• Claims Grow In Suit V. Holland & Knight Over Nadel
• Ex-Dreier Attys In Hot Seat Over Founder's Assets
• Nixon Peabody Lands Partner from Kramer Levin
• Bill To Regulate Muni Bond Advisers Draws Support
• Broker Sues AIG To Protect Calif. Policyholders
• Stanford Examiner Wants Accounts Released
• Axis Says Not Liable In Mortgage Co. Securities Suit
• Merchants Seek MasterCard, EU Settlement Info
• BVI: The Ideal Choice For Joint Ventures
• Investors Win In Battle For Mortgages Ltd. Ch. 11 Plan
• Lehman Unit Fights To Guard $125M For Creditors
• Conditional Cert. Rejected In FLSA Action V. Ocwen
• CFTC Accuses 'Broker-Dealer' Of $24.5M Fraud
• SEC Hits Wealth Management Over $2.5M Kickbacks
• Secrets Of Success For Today's Summer Associates
• Gemstar Hit With Injunction In SEC Suit V. Ex-NFLer
• New Receiver OK'd In $550M Fraud Suit V. Financier
• 5 Things Banks Should Consider When Foreclosing
• Class Cert. Sought In Grant Thornton Overtime Suit
• Wash. Sues Lehman Execs Over Subprime Exposure
• Most Claims Stand In Investors' Suit V. MoneyGram
• WaMu Forced To Wait In Bid For JPMorgan Docs
• Conn. Hedge Fund Sued For Rejecting Redemption
• Ex-WaMu Workers Sue For Post-Bank Sale Pay
• Investor Suits V. Credit Rating Firms May Be On Way
• Will The 1st Circ. Reverse Its Tambone Decision?
• Texas AG Accuses Debt Settlement Cos. Of Fraud
• 9th Circ. Revives Chase APR Class Action
• Smith Barney Wins Injunction In Spat Over Client List
• House Sends Credit Card Reform Bill To Obama
• FTC Capital Execs Charged With Securities Fraud
• Intesa Units To Pay $27M To Parmalat
• Joseph Stevens Workers Accused Of $6.2M Fraud
• SEC Seeks New Receiver In $550M Fraud Case
• Holland & Knight Nadel Work Draws Malpractice Suit
• Senate Passes Bill Reforming Credit Card Practices
• Financial Anti-Fraud Act Advances For Final Approval
• CrossHarbor Acquires Bankrupt Yellowstone Club
• Merkin OKs Receivership For Madoff-Linked Funds
• JG Wentworth Files For Ch. 11 To Ease Senior Debt
• Countrywide Marketing MDL Survives Motion To Kill
• Visa, Others Sued Over Limited Charge Card Patent
• Lehman Wants Answers From Barclays Over Sale
• House Panel Weighs Protections For Credit Unions
• Lehman Unit Sues MetWest Over $17M Setoff
• Supreme Court Reverses 2nd Arbitration Ruling
• Insurer Claims No Duty To Cover Atty Sued For Fraud
• Judge Takes Aim At Regions, Birmingham Bigwigs
• WaMu Plaintiffs Told To File More 'Coherent' Suit
• Covington Adds Ex-SEC Official, Merrill Lynch Atty
• Schwab Plaintiffs Can't Amend State Pleadings: Judge
• McDermott Nabs DLA Piper Private Equity Chairs
• Madoff Trustee Moves To Kill Worker Benefit Plans
• High Court Agrees To Review SOX Challenge
• Lender Fights For Coverage Of $98M Default Judgment
• House Bill Would Put Fed Under Magnifying Glass
• Snell Loses Bid For 2nd Shot To Nix Malpractice Suit
• Cleveland's Subprime Suit Against BofA Crumbles
• First Magnus, Star Equity Bury Loan Fraud Claims
• Lehman Seeks To Mitigate Mortgage, Loan Exposure
• Viking Fund Off Hook Over Ousted Co-Founder
• 1031 Victims Sue Citibank, Foley, Others For $140M
• Madoff Trustee To Earmark $100M For Victims
• Insurer's TRO Bid Nixed In $195M Suit V. BNY Mellon
• Carlyle To Pay $20M To Settle NY Pay-To-Play Probe
• Wells Fargo Says 2 Insurers Owe It $19.1M
• Lehman Ex-Sales Rep Pleads Guilty To Trading Scam
• Stroock & Stroock Signs On Jenner & Block Litigator
• WARN Class OK'd For Mortgage Lenders Settlement
• Stanford Exec Pleads Not Guilty To Obstruction
• 1031 Tax Group Trustee Hits Citi With $150M Suit
• Oct. Bailout Was Forced On Banks: Documents
• Congress Asked To Revisit Mark-To-Market System
• Loan Officers Sue Mortgage Source In FLSA Action
• LandAmerica Asks Court To Approve PBGC Deal
• JPMorgan Cries Foul At WaMu's Examination Bid
• SEC Pitches 'Surprise Exam' For Investment Advisers
• Crisis Sparks Call For Increased Credit Rating Liability
• Judge Delays Madoff Sentence For Victim Statements
• Mortgages Ltd., Investors Offer Up 3rd Ch. 11 Plan
• SEC Staff Wants Fraud Suit Against Mozilo: Reports
• Foley Nabs Energy Finance Experts From Troutman
• Credit Suisse's 'Predatory' Loan Draws Judge's Ire
• Banks Sue Over MBIA's 'Fraudulent' Corporate Split
• Madoff Trustee Sues Charity Over $5.1B Ponzi Gains
• 8th Circ. To Hear NovaStar Challenge To ERISA Class
• Lehman Bankruptcy Judge Picks Fees Committee
• State Lawmakers Oppose 'Uber' Financial Regulator
• AT&T, AmEx Sued Over Secure Transaction Patent
• Huntsman's Beef With Banks Going To Jury
• Barclays Pushes $140M Deal In LandSource Ch. 11
• Stanford Exec Charged With Obstructing SEC Suit
• Bid To Consolidate WaMu Mortgage Suits Rejected
• Ex-NFLer Slammed In $24M Securities Fraud Suit
• In TARP Buyback, Freedom Won't Be Totally Free
• Attorneys Seek About Half Of E-MedSoft.com Deal
• Investors' Suit V. Lord Abbett Paused For High Court
• Bankruptcy Crucial For Stanford Creditors: Investors
• CDS Case Could Spread SEC's Insider Trading Reach
• Creditors Object To Mortgages Ltd.'s Land Sale
• DBSI Plan Promises Limited Recovery For Creditors
• Dreier Admits To All Charges In $115M Fraud Case
• BofA Worker Took Trade Secrets To Wachovia: Suit
• Investor Claims V. Halifax Not Time-Barred: 9th Circ.
• Alliance Trustee Wins Access To Union Bank Records
• BofA Joins SemGroup Fight To Oust Catsimatidis
• Goldman To Cough Up $60M In Mass. Subprime Deal
• Investors Prevail In 7-Year Fraud Suit V. Household
• Making The Most Of Rule Of Evidence 502
• Lehman, PBGC Strike $128M Deal Over Pension Plan
• PXRE Seeks To Toss Funds' Suit Over Katrina Losses
• 2nd Circ. Nixes ERISA Action V. GMIMCo, State Street
• Mass. Agency Revokes Madoff Feeder Fund's License
• KB Home, Countrywide Ran $2.8B Fraud: Homebuyers
• JPMorgan Faces SEC Charges Over Muni Bonds
• Hedge Fund Adviser Ordered To Pay $62M
• Are We Hiring A Justice Or Playing Politics?
• DOJ Asks For 87 New Anti-Financial Fraud Attorneys
• Atty Ducks Sanctions For Suit Against Weil Gotshal
• JPMorgan Faces Suit Over Law Firm's 401(k) Plan
• Hamas Bomb Victims Added To Suit Against Arab Bank
• Madoff Trustee Hits Ex-GMAC Chair With $500M Suit
• Investment Firms To Buy Back $554M In ARS
• Howrey Lands Sutherland Asbill Criminal Litigator
• Adelphia Creditors' Fraud Claims Get Green Light
• 4th Circ. Revives Derivative Trader Fraud Suit
• Today's Toxic Asset Sale Program — Sound Familiar?
• Stress Tests Reveal Big Banks Need $75B
• Mortgages Ltd. Asks To Sell Land To Pay Off Creditor
• MSG Unit Fights To End WaMu Theater Sponsorship
• Thornburg Hastens To Liquidate In Complex Ch. 11
• Danny Pang To SEC: I'm Not The Next Bernard Madoff
• Lead Plaintiff, Firm Picked In Goldman Investor Action
• Senate Rejects Stock Restrictions On TARP Funds
• NY State Comptroller Targets Aldus In Kickback Suit
• EU Forces Banks To Retain Share Of Split Risks
• Lehman, CDO Issuer Spar Over Credit Default Swap
• Anti-Financial Fraud Bill Returns To Senate
• Cravath Vet Massad Named TARP Chief Counsel
• Ambac Sues JPMorgan For $1B Over Subprime Crisis
• Auditor's Spoliation Claims Nixed In Parmalat MDL
• Ex-Day Trader Cops To Lehman Insider Trades
• Jail-Bound Investment Manager Ordered To Pay $12M
• Reserve Management, Execs Hit With Fraud Suit
• Sens. Call For US Regulation Of Swap Transactions
• SEC Fires Off 1st Insider Trading Suit Over CDS
• Clifford Chance Lawyers Form New Firm
• State Street, Lehman Seek To Toss Developer's Suit
• Madoff Trustee Sues High-Profile LA Investor
• Lehman Creditors Allowed To Intervene In €58M Spat
• WaMu Asks To Examine JPMorgan For Fraud
• Investor Class Action V. Flag Telecom Marches On
• Creditors Balk At Mortgages Ltd. Ch. 11 Plan
• Federal Insurance Fights To Pull Dreier Policy
• New Century Examiner Gets OK To Give Trustee Docs
• Employee Misclassification In Finance, Consulting
• Hedge Fund Rebuffed In Polaroid Owner Fraud Case
• Cuomo Serves Subpoenas In Placement Agent Probe
• Thornburg Mortgage Enters Ch. 11, Starts Liquidation
• Suit Against Ex-Countrywide Exec Sent To State Court
• Attorneys Lose Bid To Sanction Opposing Counsel
• Marshals Refuse To Arrest Surrendering Stanford
• The Importance Of Vaden V. Discover Bank
• US Trustee Can't Take Over Bayou Ch. 11: 2nd Circ.
• FTC Delays Red Flags Rule Compliance
• Subprime Lender Accredited Files For Ch. 11