Banking Archive » September, 2009

Banking - September, 2009

257 articles

• Brookfield Suit Says AIG Collapse Ended Swap Deal
• Stanford Blocked From $90M Defense Stash
• Proskauer Evades Securities Claim In Tax Shelter Suit
• Kirkland Taps Barack Atty To Lead Bank Reg Practice
• Techies Win Conditional Cert. In SunTrust FLSA Action
• WaMu Judge Slams JPMorgan's Jurisdiction Argument
• Judge Nixes Fund Manager's Suit Against Ameriquest
• 2nd Circ. Told Short-Selling Isn't Antitrust Immune
• Ameriprise Widens Reach With $1B Columbia Deal
• EEOC: JPMorgan Shortchanges Female Workers
• Curtis Snatches Ex-Allen & Overy Finance Partner
• 5th Circ. Revises Pacific Lumber Bankruptcy
• Judge Warns Cuomo Over Atty. Fees In Investor Suit
• Ala. High Court Sides Against Firms On Malpractice
• JPMorgan Wins TRO In Worker Trade Secrets Case
• WTO Chief Calls For Reform Of Global Banking Rules
• SEC Seeks $25M From Ex-NFLer's Investment Partner
• US Bancorp Ups Funding For $100M Solar Project
• Judge Tosses Securities Suit Against Credit Suisse
• SEC Settles River Stream Ponzi Suit For $8.7M
• Suit Saying UBS Supports Hamas Stays Mostly Intact
• PCM Co-Founder Sues Bear Stearns Over Collapse
• BofA-Merrill Buyout Battle Gets Under Way
• Bankrate Asks Court Again To Toss Antitrust Suit
• Fidelity National Sells Unit To Winthrop To Cut Debt
• BofA, Countrywide Condemn Tax Group's Ch. 11 Plan
• Ex-NFLer To Disgorge $19M Over SEC Fraud Claims
• Underwriters Seek Dismissal Of Colonial Case
• GE Fights For $1.35M Fee After Pliant Spurns Exit Deal
• Australian Towns Get OK To Pursue Lehman Claims
• Regions Execs Lose TRO Appeal In Investor Suit
• MBIA Class Action Securities Suit Tossed
• BofA Attacks SEC Claims Over Merrill Bonuses
• SEC Won't Lay Down Sword In Merchant Capital Feud
• 8 Colonial Bank ERISA Actions To Be Consolidated
• Serta Owners To Buy Simmons In Ch. 11 Deal
• Hedge Fund Accuses Investors Of Stock Manipulation
• Big Claims Pile Up Ahead Of Lehman Deadline
• Lehman Wants To Unveil Barclays Deal Probe Docs
• Capital One, Consultants Settle Wage Claims
• Wells Fargo Tech. Workers Seek Cert. In OT Suit
• Allen & Overy Must Rehire Axed Associate: Court
• ING To Sell Joint Venture Stake To ANZ For $1.6B
• Stanford Bids To Protect Assets In Fraud Case
• Huntington Derivative Suit Gets The Boot
• Fund Manager Agrees To Disgorgement In Ponzi Case
• SEC Hires Policy Adviser For New Risk Division
• CORRECTED: NYC Hospital Seeks Toss Of $2B Medicare Fraud Suit
• Madoff Judge OKs Forfeiture Law-Based Disbursement
• Europe Approves Plan For Stronger Finance Oversight
• Hungary Fines Visa, MasterCard $5.2M Over Fees
• Collins Capital Hit With Investor Action Over Madoff
• Capital Corp. Submits Ch. 11 Liquidation Plan
• FDIC Slams Colonial Bid To Use $38M Cash Collateral
• EU Court Upholds €106M In Fines On Austrian Banks
• Creditors Lose Bid To Move Up $6.7M MarketXT Claim
• Customers Hit BofA With Suit Over CD Interest Rates
• Dem Fundraiser Pleads Not Guilty To Defrauding Banks
• Fed. Circ. Nixes $26M Contract Ruling For Failed Thrift
• Companies Must Rein In Executive Pay: Report
• BankAtlantic Shareholders Bid For Class Certification
• First Niagara Announces $400M Stock Offering
• NY Appeals Court Revives Credit Suisse Fraud Suit
• Rep. Frank Dials Back CFPA Proposal
• Fidelity Unit's Counsel Axed In Title Insurance Spat
• Phoenix Life Wants $90M Back From Lehman
• Executive Remuneration In Germany And The UK
• United Community Banks To Sell $175M In Stock
• Investor Suit Over $4.5B Blackstone IPO Tossed
• Citi, UBS, Deutsche Bank Fined Over Vonage IPO
• KPMG Fights For Docs In Fannie Mae Securities Suit
• Grand Jury Indicts Clinton Fundraiser
• Calif. Sues Beverly Hills Money Guru Tied To Madoff
• Mass. Regulator Fights SEC In Reserve Fraud Case
• Lancer Chief's Challenge To $62M Disgorgement Fails
• SEC Readies For BofA Trial After $33M Deal Scuttled
• Former Lehman Execs Sue Over Unpaid Wages
• Banking Vet Torian Joins Reed Smith
• Lehman Seeks OK For $15M Deal In SunCal Plan
• WG Trading Receiver Makes Bid To Recover $150M
• SEC Targets Regions Bank In Mutual Fund Fraud Case
• Raymond James Dodges $1.9B ARS Suit, For Now
• Class OK'd In Capital One Payment Protection Suit
• Settlements OK'd In 12 Suits By Alliance Trustee
• Investors Appeal Dismissal Of MF Global IPO Action
• FDIC Appeals Ruling In Bid To Dismiss WaMu Suits
• Amaranth Sues Touradji Capital For $350M
• Axed Trader With Ponzi Ties Sues RBC For Sex Bias
• Wachovia, Execs Hit With ERISA Class Action
• State Street, Pension Plans Reach $90M Settlement
• Principal Sued Over Alleged Westgate Ponzi Scheme
• Banks Shoot To Kill Municipal Bond Antitrust MDL
• Challenges In Effective Insider Trading Compliance
• Old National Offers $150M In Common Stock
• Fairfax Gets OK For $1B Odyssey Re Acquisition
• Parmalat Suits Against Grant Thornton, BofA Nixed
• Ex-Stanford Exec Pleads Not Guilty To Shredding Docs
• SD Bank Wins Injunction In Service Marks IP Suit
• BofA Objects To FDIC, Taylor Bean Stipulation
• Lehman Wins $6.6M Payment For Metavante Deal
• Huntington Conducts $400M Stock Offering
• Wells Fargo Slams Coventry For $48M Loan Default
• Wachovia Fails To Escape RICO Suit Over Le-Nature's
• FBI, DOJ Reportedly Probing BofA's Merrill Purchase
• Citigroup's Asia General Counsel Joins Freshfields
• Citing SLUSA, 6th Circ. OKs Toss Of Securities Suit
• Creditors Committee Objects To Firms' Fees Requests
• Suit Over Countrywide Fees All But Snuffed Out
• Ex-Morgan Stanley Director Gets 7 Years
• Lehman Unit Gains Approval To Take Over Swap Deal
• Hedge Accounting And OTC Derivatives Legislation
• KKR Boosts Stake In Aricent In $225M Deal
• Cuomo Said To Issue Subpoenas In Merrill Probe
• SEC Votes 5-0 To Propose Flash Order Ban
• State Regulators Push Senate To Overturn Stoneridge
• Calif. AG Eyes Credit Rating Agencies
• Derivatives Groups Say OTC Regs Will Drive Up Costs
• Zions Launches Stock, Note Capital-Raising Effort
• FTI Defends $2.4M Fees For Mortgages Ltd. Ch. 11
• BDO Worker OT Action Stayed On Appeal To 9th Circ.
• Prudential To Sell $500M Note To Nippon Life
• SEC Creates New Risk Division Headed By Law Prof.
• Bank Holding Co. CIB Marine Files Prepack Ch. 11
• Tele-Media Drops Deloitte From Adelphia Suit
• Ex-Lehman Broker Gets Probation In Insider Case
• Assistant US Attorney Joins Patterson Belknap
• SEC To Investigate Life Settlement Market
• Shareholder Wins Cert in Wells REIT Merger Spat
• Barclays To Shift $12.3B In Toxic Assets To Fund
• SEC, FSA To Join Forces On Regulations
• Tweaks Bring FINRA Rules Into New-Media Age
• BNY Mellon Settles Russian RICO Suit For $14M
• Judge Stands By 'Greedy, Arrogant Hogs' Remark
• Ex-Fannie Mae Exec Makes Bid To Compel FHFA Docs
• SEC Fights To Keep Own Atty Off Stand In Bravata Suit
• Changing Legal Fees Through Litigation Budgeting
• Ex-Loan Officer Wants Wells Fargo Class Certified
• Fed Expands Its Consumer Protection Regulation
• Del. High Court Aids Stock Owners In Escheat Suits
• Barclays' Buy $5B Too Sweet: Lehman
• 1031 Trustee Asks Court To OK $92M In Settlements
• Parallel Petroleum Agrees To $483M Buyout By Apollo
• Lehman Fights PMAC Bid To Ax Contract Claims
• Public Defender To Rep Stanford In Fraud Case
• United Mortgage FLSA Suit Tossed Over Deal Offer
• Stanford Insurers, Trust Co. Face $80M Investor Suit
• PayQuik Shareholder Rep Hits Citi Over $4M In Escrow
• Offshore Account Reporting: Not Just Individuals
• BofA, Lehman Vie For Quick Win In $500M Setoff Spat
• Obama Seeks New Momentum On Regulatory Reform
• Credit Suisse Execs Summoned In Yellowstone Ch. 11
• Creditors Say Cynergy Sale Plan Chills Competition
• Intuit To Buy Online Personal Finance Co. For $170M
• LendingTree Gets H&R Block Patent Partly Invalidated
• Kramer Levin Nabs Partner From DLA Piper
• Canadian Court Favors US Receiver In Stanford Case
• Surging MB Financial Holds $175M Offering
• Washington Federal To Offer $300M In Stock
• Judge Bashes $33M SEC Deal Over Merrill Bonuses
• Value Line Makes $48M Offer To Kill SEC Probe
• NY Hits Lehman Up For $1.2B In Unpaid Taxes
• ETrade May Sell $150M In Common Stock
• Citigroup Sued Over Reduced Home Equity Lines
• Ernst & Young Let Out Of Tremont Suit Over Madoff
• Lloyd's Bridles At D&O Claims In Stanford Fraud Suit
• Judge Tosses ARS Lawsuit Against Citigroup
• Former White House Counsel Lands At Jenner & Block
• SEC Watchdog Opens Inquiry Into $33M BofA Fine
• JPMorgan Loan Underwriters Add Claims In FLSA Suit
• Stanford Security Exec Indicted For Shredding Docs
• EU To Review Bailout Banks' Bonus Structures
• Stanford Victims Pillory Receiver, Call For Ch.11
• 3rd Circ. Affirms Arbitration In CitiFinancial Loan Suit
• Buying Bank Loans: Getting More Than You Paid For
• Fairfax To Sell $1B In Shares To Take Over Reinsurer
• Senators Slam SEC On Madoff Investigation Failures
• Judge Bars Ex-JPMorgan Brokers From Client Lists
• Wachtell, Venable Advise Huntington On $150M Plan
• 2008 Asset Holding's Ch. 11 Plan Snubs Shareholders
• Judge Loses Patience With SEC In Albertson's Case
• CFTC Sues Trading Firm Over Forex Swindle
• Titan Wealth, SEC Settle $3M Fraud Suit
• Dechert Adds Former HSBC Senior VP
• Davis Polk, Sullivan, Proskauer Tapped For Artio IPO
• 8th Circ. Affirms H&R Block Securities Suit Dismissal
• SEC Again Defends $33M Deal Over Merrill Bonuses
• EC Antitrust Ruling Against Clearstream Upheld
• 2nd Circ. Nixes Pzena Shareholders' IPO Action
• CFTC Fines JPMorgan Unit Over Customer Funds
• BofA Sues Nev. Developer Over $16.7M Loan Default
• BofA Loses Bid To Kill $550M Hedge Fund Fraud Suit
• Swiss Regulator Ordered To Produce UBS Client Info
• Woodworkers File WARN Act Suit
• Monaco Vows To Help IRS Nab Tax Dodgers
• Madoff Feeder Fund Fairfield Settles For $8M
• The Closing Bell For Business Method Patents?
• Wausau Tries To Nix BofA Cleanup Coverage Spat
• Cuomo Says BofA Using Atty Privilege To Duck Probe
• Franklin Resources Execs Off Hook In ERISA MDL
• WaMu Seeks OK To Sell Goldman $15M Wind Portfolio
• NYC Fund Manager Charged With $45M Ponzi Plot
• Lobbying Disclosure Law A 'Vital' Interest: DC Circ.
• $245M Atty Fee Bid In IPO Case Sparks Complaints
• Credit Union Sues CUNA Over Risky Investments
• Price-Fixing Suit Over First Data ATM Fees Tossed
• 23-Year Sentence Upheld In $8M Credit Scheme Case
• Noninsider Risk Of Equitable Subordination
• SEC Wins Asset Freeze In Queen Shoals Ponzi Case
• Boat Dealers Say GE Suit A Bid To Sink Business
• Insurer, Bank Wrestle Over $17M Fraud Loss Claim
• Bankruptcy Judge OKs Luminent, HSBC Settlement
• Santander Brazil IPO Could Be One Of 2009's Biggest
• Hain Celestial, SEC Settle Over Options Backdating
• 2nd Circ. Nixes Doral Investors' PwC Fraud Claims
• Sun Investors Say SEC Suit Running Co. Into Ground
• NextCard, HSBC Settle IP Feud Over Online Credit
• Placing Deferred Associates In Public Interest Groups
• H&R Block Unit's Cert. Appeal Denied In Contract Suit
• Investor Hits Proskauer With Suit Over Tax Shelter
• Capmark To Sell Mortgage Business For $490M
• Tech Patents Found Invalid In Suit Against NYSE
• Morgan Stanley, Moody's, S&P On Hook In Fraud Suit
• SunTrust Retiree Benefits Actions Consolidated
• Class Suit Blasts Safety Of BNY Mellon's NetExchange
• BankAmerica Plaintiffs Seek OK To Pursue Accountant
• First American Sues Credit Suisse Over Nev. Project
• Receiver Appointed In SEC's $50M Bravata Ponzi Suit
• Fiserv Off Hook In Check-Validation Patent Suit
• TJX Cos., Banks Settle Class Action Over Data Breach
• Alters Boldt Tapped As Lead Counsel In Overdraft MDL
• In-House Report Says SEC Flubbed Madoff Probes
• NewAlliance IPO Investor Hit With Fraud Suit
• 8th Circ. Gives Novastar Subprime Action The Boot
• Madoff Sons, Brother May Be Next Targets Of Trustee
• Stanford Receiver, SEC Clash Over $27.5M Fee Bid
• International Trade Finance Stabilizing: Survey
• La. Retirement Fund To Lead Raymond James Action
• Countrywide Class Counsel Nets Reduced Fee Award
• Bondholder Seeks Cert. For UBS Securities Action
• SEC Stalls On Answering Subpoena In Fannie Mae Suit
• Lehman Unit Seeks To Assume $9.7M MEG Swap Deal
• US' State-Based Insurance System A-OK: NAIC
• Nadel Investors Seek To Hasten Holland & Knight Suit
• SocGen Trader's Trial Delayed Pending Appeal
• Max Bermuda Bails On Canadian Imperial Swap Deal
• King & Spalding Snags Corporate Atty From Latham
• Mexican Investors Sue Lloyd's Over Stanford Losses
• Moody's, Deutsche Blast Billion-Dollar Subprime Suit
• Citigroup ERISA Action Fails To State Claim: Judge
• Card Processor Cynergy Seeks Ch. 11 For Asset Sale
• Huron, Tax Group Trustee Settle Fee Dispute
• Madoff Trustee Says Clawbacks May Target Charities
• Argus Settles Its Corner Of Madoff Litigation
• Refco Unit Says It's Ready To Exit Ch. 11
• 7th Circ. Lets Target Off Hook In Credit Card Action
• Judge Consolidates Citigroup Subprime Cases
• Grappling With The Meaning Of Discrimination