Banking Archive » November, 2009

Banking - November, 2009

243 articles

• Dubai World Restructuring Won't Spark Exodus: Experts
• Investor Loses Appeal To Recover $10M From Madoff
• Feds Accuse Former Ice Miller Atty Of Ponzi Scheme
• Reserve Fund Asset Distribution Plan Approved
• 1st Circ. Deals Consumers Blow Over Credit Card Hikes
• Citigroup Seeks To Escape 7WTC Damage Dispute
• 1st Circ. Downs National City Credit Line Action
• Conn. To Join Ohio In Suing Credit Rating Agencies
• Deutsche, BNP Paribas Sue BofA Over $1.6B Portfolios
• Beal Positions For Trump Casinos Bid
• Insurer Securities Suit Against Fannie Mae Revived
• Fla. Bar Expels Rothstein, Eyes 4 Others In Firm
• Securities Act Claims Tossed In Fannie Mae Suit
• Fed Stiffens Stock Ownership Rule For Regional Boards
• UK High Court Halts Probe Into Overdraft Fees
• Doc Request Blocked In Madoff Net Equity Fight
• Extended Stay Chair Appeals Remand Of BofA Suit
• Tech Cos. Appeal $1.8M Wells Fargo Arbitration Award
• Capmark Mortgage Business Sale For $515M Approved
• Employees Win Cert. In Mortgage Lenders OT Case
• Allstate Dropped From Massive Marketing Patent Suit
• Strategic Energy Told To Pay Circa $1M In Commissions
• Rattling The Congressional Saber At Iran
• Lehman Told It Can Tap $15M Excess D&O Policy
• Top GOP Rep. Says AIG Treated US Banks Unfairly
• Ex-Fidelity Trader Found Liable For Insider Trading
• Wachovia Slaps Owners Of AHL Team With $19M Suit
• Raft Of Dismissal Motions Filed In IndyMac MBS Case
• PwC Launches Asset Return Plan For Lehman UK
• BMO Financial Buys Diners Club From Citigroup
• Eye On The Restoring American Financial Stability Act
• Citi Aims To Kill Workers' Suit Over Subprime Losses
• Homeowners Hit Talon Group On Choice To Self-Insure
• CIT Group Gets Approval For 'Vital' $500M Loan
• Galleon Case Could Up The Pressure On Hedge Funds
• Dow Corning Sues Merrill Over $166M In Failed ARS
• Creditor Dispute Over Charter Ch. 11 Plan Escalates
• Priceline To Appeal $336M Currency Fee Deal
• UK Bank Bailouts May Have Violated WTO Rules: Lamy
• FINRA Fines Terra Nova For Improper Payments
• SEC Sues Real Estate Co. Over $25M House of Cards
• Fair Isaac To Appeal Credit Score Trademark Verdict
• Cert. Sought In Mortgage Kickback Suit Against Bank
• Baker & Hostetler Seeks $21M In Fees In Madoff Case
• People's United Buys Financial Federal For $738M
• House To Probe Derivatives Bill's Impact On Energy
• CFTC Sues Pool Operator For Cheating Investors
• Feds' Suit Details Fallen Lawyer's Miami Vices
• A Shifting Tide For Secured Lenders
• Goldman Outrage Heralds Shareholder Activism On Pay
• 2nd Circ. Reverses Judgment For JPMorgan In FLSA Suit
• Wells Fargo Shut Out Of Visa, MasterCard Antitrust Deal
• Exchanges Want Clearinghouse Position Cap Scrapped
• Ohio AG Goes After S&P, Moody's, Fitch On ABS Ratings
• Investors Sue Rothstein For $100M Over Ponzi Scam
• Alfa, ING Keep Money In Enron Securities Dispute
• Couple's Equity Credit Claims Against WaMu Pared
• Santander Says It Performed Madoff Due Diligence
• JPMorgan Chase Settles Credit Card Arbitration Suit
• OppenheimerFunds Settles Ore. 529 Suit For $20M
• Post-Madoff SEC Report Targets Investigation Process
• AmeriFirst Trustee Refiles Law Firm Negligence Suit
• Wall Street Hype Vs. Outright Fraud: A Test Case Fails
• Currency Trader Gets 24 Years For $18M Ponzi Fraud
• JPMorgan, ACS Resolve Part Of Tech Patent Case
• Senators Urge Tariffs Against China's Currency Policy
• Fremont Creditors Score With Disclosure Statement OK
• Judge Who Is Rothstein Receiver Accused Of Corruption
• CIT Group Creditors Show Favor For Ch. 11 Plan
• Deloitte, Grant Thornton To Settle Parmalat Suit
• Merrill Moves To Dismiss ARS Complaint From MDL
• FIG Sues Saudi Royalty Over $95M Contract Breach
• Mortgage World Ex-Loan Officers Seek Collective Cert.
• New UK Bill Would Let Public Take Banks To Court
• JPMorgan To Pay $1.7B For Cazenove Stake In UK Outfit
• Blackstone's Pinnacle To Buy Birds Eye For $1.3B
• Treasury Secretary Aims To Refocus Financial Reform
• Stanford Victims Set Sights On Broker Pershing
• LMI Wants $50M Policy Out Of Stanford Defense Kitty
• EU Calls S&P ISIN Fees Abuse Of Monopoly Position
• ARS Investor Seeks To Dump FINRA As Arbitrator
• Reader's Digest Refutes Trustee's Criticism Of Plan
• FINRA Fines MetLife Securities, Affiliates $1.2M
• Pension Trust Hits JPMorgan With ERISA Class Action
• Consumers Seek Class Cert. In Mortgages Suit
• Orbis Balks At Canon's €730M Bid For Oce
• House Committee OKs Breakup Of Too-Big-To-Fail Cos.
• EC Clears Restructuring Plans For KBC, ING, Lloyds
• American Express To Buy Revolution Money For $300M
• Mitsubishi UFJ Aims To Raise $11.2B In Stock Offer
• Wells Fargo Agrees To Buy Back $1.3B In ARS
• Creditors Back Lehman Real Estate Loan Restructuring
• SEC Investigates Insider Trading Of SVB Securities
• Rothstein Leaves Fla. Bar In Midst Of Ponzi Scandal
• JPMorgan, DataTern Resolve Dispute Over Web Patent
• US Bank FLSA Suit Over Time Sheets Trimmed
• NJ, Pa. Gift Card Claims Against TD Bank Move Ahead
• DeCode Files For Ch. 11 With Plan To Sell Assets
• Geithner Urges Global Economic Rebalance Via G-20
• Plaintiffs In BofA Securities Suit Get Access To Docs
• FINRA To Open Records On Discipline Against Brokers
• Obama's New Fraud Task Force To Span Government
• Ex-NetBank Exec Says $1.2M Parachute Not Golden
• Stanford Receiver Looks To Sell Sinking Investments
• Lehman Suit Seeks Return Of $5B To $7B From Barclays
• $201M Offer For Silicon Storage Falls Short: Investor
• Tax Pro Rejoins Chapman & Cutler After Treasury Job
• Ex-Mintz Levin, Choate Hall Partners Form New Firm
• BofA Officers Defend Merrill Deal, Counsel Shakeup
• Firms Urge Separate Counsel In Madoff Feeder Suits
• Trillium Accuses Ex-VPs Of Stealing Key Business Info
• Judge Lets Texas Fund Arbitrate KeyCorp Unit Claims
• 5th Circ. Denies Stanford Receiver's Clawback Bid
• Banks Ask Judge To Scrap ATM Fee Antitrust Suit
• SEC PIPEs Suit Stands Against Hedge Funds, Manager
• First Bank To Sell Franchise To FirstMerit For $42M
• IberiaBank Buys Up 2 Failed Banks With FDIC's Help
• Banks Fight Lehman's Sweeping Document Requests
• USA Commercial Trust Seeks Sanctions On Contractor
• Regulating The Business Of Private Fund Advisers
• 2008 Asset Holding Gets Judge's OK To Liquidate
• Stallion Trustee Bucks At Miller Buckfire Fee Structure
• Trustee Objects To LandAmerica Ch. 11 Plan
• Amaranth Drops Fight With Touradji Capital
• Congress Mulling Aiding And Abetting Legislation
• CFTC Hits Hedge Fund With $4M Fine Over Statements
• Investors Try To Resuscitate Morgan Stanley Suits
• Mayer Brown, Grant Thornton Take Aim At Refco Suit
• NetBank Supervisor, Holland & Knight Reach Deal
• NCO Faults Legal Directory In Embezzlement Suit
• FBI Arrests Madoff's Computer Programmers
• Morgan Keegan Securities Suit Sent To State Court
• Lehman Wants Firm Kicked Off Loan Repurchase Case
• US Bank Sued Over $30M Loss On Securities Loans
• Banks Sue WestLB After $230M In Investments Go Sour
• Scottrade Seeks $13.8M For Hack Attack Losses
• FDIC Extends Rule Protecting Securities From Seizure
• Prosecutors Must Shift Tactics After Bear Loss: Experts
• Fed Curbs Overdraft Fees For ATMs, Debit Cards
• $110B Returned To Lehman Clients Since May: Trustee
• Dow Jones To Sell Stake In Stoxx For €206.1M
• Former SAC Analyst Targeted In Galleon Probe
• Allied Evades Investors' Suit Over $77M Fraud
• FBI, IRS Seek Rothstein Ponzi Scheme Investor Info
• Boston Provident CFO Charged With Fraud
• Threat Of Worker Misclassification In Financial Services
• CalPERS Credit Rating Suit Remanded To State Court
• GE Seeks $6M From Exec At Bankrupt Crane Firms
• Dutch Co.'s $90M Fraud Suit Against State Street Nixed
• 3rd Ave's MBIA Fraud Suit Belongs In NY: Del. Court
• Stanford Mistress' Millions Targeted By Estate Receiver
• Mortgage Zone Loan Officers Win Cert. In FLSA Action
• SEC Nabs Cleary Gottlieb Partner For Director
• Investors Try To Drag Rothstein Firm Into Ch. 11
• 8th Circ. Reverses US Bancorp ERISA Damage Award
• CIT Group Asks To Add Curtis, Sullivan As Counsel
• ARS Investor Fights To Keep Citigroup In Court
• Wealth Management Exec's Claims Against SEC Nixed
• Insurer Off Hook In BofA Cleanup Suit
• Secondary Liability Through The Back Door
• Citi Hiking Interest Rates Ahead Of CARD Act: Suit
• Dodd Draft Bill Proposes Bold Financial Overhaul
• Former Bear Stearns Execs Acquitted In Fraud Case
• Madoff-Era Bail Disputes Rife With Plot Twists
• BofA Loses Bid For $1.6M In Coverage For Cleanup Suit
• Former AXA Broker Seeks $10M In Retaliation Case
• EU Opens Antitrust Probe Of Reuters Data Feeds
• NetBank Estate Supervisor Balks At Exec Bid For $1.2M
• NY Homeowners Say They Were Wrongly Denied Aid
• Lawyer Ran Settlement-Based Ponzi Scheme: Feds
• Bilski Argument Puts Spotlight On Business Methods
• Credit Card Defaults Push Advanta Corp. Into Ch. 11
• Developer Seeks To Toss $26M VesCor Capital Suit
• Ex-Judge Named Special Master In Fannie Mae Suit
• Wilson Sonsini Brings On Merrill M&A Director
• Ex-SEC Lawyer Confesses To Taking Dreier Money
• High Court Declines To Hear Every Penny Counts Suit
• East West Bank Adds Failed United Commercial Bank
• Plan Trustees Certified In Nationwide ERISA Suit
• Northrop To Sell TASC Unit To Investors For $1.7B
• Dow Corning Smacks BB&T With ARS Suit
• Financial System Overhaul Slow, But Coming: Experts
• TD Bank Ordered To Hand Over Rothstein Records
• Jefferies Fund Manager Charged With Insider Trading
• Bankrupt Constar Off Hook In Securities Class Action
• BofA Shareholders Get Green Light To Query Firms
• Transmission Infrastructure By Public-Private Model
• Amaranth Tort Claims Against JPMorgan Revived
• China Investment Strikes $1.6B Deal For Stake In AES
• Hong Kong Mulls Creation Of Class Action Regime
• SEC Taps Adviser, Two Counsel For New Risk Division
• ERISA Plaintiffs Want Out Of Consolidated Madoff Suit
• Blackstone Makes $320M Mall Deal With Glimcher
• UK Appeals Court Shuns PwC Plan For Lehman Assets
• Citigroup Spins Off Primerica In IPO
• Bank Of Montreal Trader Settles CFTC Fraud Suit
• Troutman Atty Tagged In $50M Omnicare Scheme
• FDIC Seeks Control Of $4B In Disputed WaMu Funds
• UK Fines UBS $13.2M Over Unauthorized Trades
• Ropes & Gray Atty Charged In Insider Trading Probe
• EpsteinBecker Sanctioned In Suit Over Topless Photos
• Credit Suisse Win On Fraud Judgment Lien Reversed
• TPG Capital, Pension Plan To Buy IMS Health For $5B
• BofA Snorts At Taylor Bean $25M DIP Plan
• ComVest Loses Bid To Toss WARN Action
• Bad Faith Not Required To Break J&E Rule: 2nd Circ.
• CFPA Shouldn't Limit States' Rights, AGs Say
• Minority Investments By Private Equity Funds
• Coventry Sues Developers Diversified For $500M
• Value Line To Pay $45M Over Bogus Commissions
• FDIC Bridles At Taylor Bean's $25M DIP Cash Bid
• Ryan Beck, Workers Seek OK On $1.3M FLSA Settlement
• EU Probes Possible State Aid To German Savings Bank
• Frank Asks SEC, CFTC For Input On Derivatives Bill
• JPMorgan Settles Ala. Muni Bond Claims for $700M
• Wachovia, Underwriters Assail Investor Class Action
• More Cases Stripped From Reserve Securities MDL
• Judge Keeps Door Open On Citigroup Derivative Suit
• House Panel Tweaks, Clears Investor Protection Bill
• Regions, Wyndham Take WexTrust-Tied Fight To Court
• Broker Sued Again Over Stanford Investments
• Jury Finds Former NYSE President Guilty Of Fraud
• Supreme Court Braces For Bilski Battle
• Lightyear To Snap Up 3 ING Broker-Dealer Units
• ESOP Required Investment In Fannie Mae: Plan Leaders
• Madoff Accountant Pleads Guilty To Massive Fraud
• Blank Rome Nabs Finance Guru From Allen & Overy
• EU Seeks Input On Antitrust Rules For Debit System
• 1st-Day Orders Put CIT Group On Bankruptcy Fast Track
• BofA Plan Plaintiffs Lose Appeal Of Tossed ERISA Suit
• Grant Thornton KOs IMergent Securities Class Action
• Ocwen Drops Claims Against Citigroup In ARS MDL
• Who Can Enforce A Mortgage After A 'Landmark' Case?
• Atty's Airport Financing Suit Against Citigroup Tossed
• Citigroup Off Hook In Employee Stock Plan Dispute
• Pension Fund Looks To Lead Madoff Loss Suits
• High Court Aims To Define Mutual Fund Fiduciary Duty
• Metaldyne Creditors Want Sale Appeal Tossed
• CIT Bails On $2.3B In TARP Funds, Files Prepack Ch. 11
• BofA, Others Eye Settlements In SEC Muni Probe
• SEC Accuses 7 Of $8M Insider Trading Scheme
• Shareholders Drop AIG Execs From Fraud Suit
• Regulatory 'Round Holes' In OTC Derivatives Markets