Banking Archive » June, 2010

Banking - June, 2010

267 articles

• House Passes Major Financial Overhaul Bill
• SEC Wants Big Fines For Ex-Morgan Peabody Head
• Contorinis Wins Access To Federal Investigation Docs
• SEC Nixes Public Pension Fund Pay-To-Play
• Lehman Judge Cracks Open Door For BNY Appeal
• SEC Settlements Will Face More Scrutiny After BofA
• 5 Ways Audit Committees Can Rebuild Public Trust
• Fraud Convictions Upheld For Life Settlement Co. Execs
• Ky. Payment Processor Sued For Sexual Harassment
• Alleged $16M Ponzi Schemer Stinson's Assets Frozen
• Freddie Mac Fights BofA's Examination Bid
• Citi Hit With Class Action Over Mortgage Fee
• BofA Wins Stock Option Suit V. Former Assistant GC
• Ex-Lehman, O'Melveny Atty To Head AIG Compliance
• Cassano Blames Bailout For AIG Derivative Losses
• Countrywide Pushed Risky Loans On Minorities: Ill. AG
• NY High Court Nixes Hedge Fund Fraud Suit V. PwC
• Bear Stearns Liquidators' Suit Against Deloitte Pared
• UBS Hits Highland Capital With $686M Fraud Suit
• 2nd Circ. Kills Retirees' Morgan Stanley Class Action
• SEC, Coadum Advisers Fraud Suit Settlement OK'd
• Judge Seeks More Info On $7M IndyMac ERISA Deal
• Finance Bill Talks Resume As Senate Support Wanes
• Case Study: Morrison V. National Australia Bank
• Bilski Serves As Justice Stevens' Swan Song
• AmFin Fights Arbitration Stay Involving Mall Ventures
• 9th Circ. Affirms Injunction In 'EVisa' Trademark Case
• Goldman To Buy Back $25M In Mont. ARS Investments
• USA Commercial Trust To Get $5.5M From Contractor
• The Remaining Questions After Bilski
• High Court To Review Janus Capital Fraud Suit
• Ex-Boston Provident Exec Sentenced To 67 Months
• State Street Faces Consolidated Shareholder Action
• Mediation Fails To End AllianceBernstein OT Suit
• SEC Loses First-Ever CDS Insider Trading Action
• Leahy Says Bilski Exemplifies Patent Law Problems
• BNY Wins Exit From Latest Data Breach Class Action
• SEC Wants Asset Info From Taro Pharma Exec, Sons
• Lack Of Guidance In Bilski Will Spark Suits: Attys
• SEC Sues 2nd ICP Exec In CDO Scandal
• Goldman Units Must Pay Bayou Creditors $21M: FINRA
• End To $500M Chadbourne Malpractice Suit Affirmed
• Credit Card Cos. May Be Liable For Gucci Fakes: Judge
• FINRA Fines CDS Brokers $4.3M In Rate-Fixing Action
• JPMorgan, Others Face Consumer Lending Antitrust Suit
• PwC, Others Sued Over Business Negotiation Software
• Bear Stearns To Face IPO Price-Fixing Class Suit
• AIG, Others Face New Phoenix Suit Over Marketing IP
• The Outer Bounds Of Safe Harbors
• Sens. Press DOJ For Deputy AG Nominee's AIG Files
• Lehman Bankruptcy Fees Top $805M
• Finance Reform Deal Emerges From Marathon Talks
• 'Foreign-Cubed' Ruling May Be Escape Hatch For Some
• Volcker Rule, Derivatives Delay Final Finance Bill
• Akin Gump Advises Goldman In Weinstein Debt Deal
• Assets Of Accused $15.7M Ponzi Schemers Frozen
• Morgan Stanley To Pay $102M In Mass. Subprime Suit
• UK Underwriting Probe Could Have Wide Fallout
• Citibank, Wells Fargo Settle In Credit Card App IP Suit
• Stanford Will Be Tried Separately From Co-Defendants
• Deutsche Slays Ex-Exec's Fraud Suit Over Bonus
• $521M Negligence Verdict Against BDO Seidman Nixed
• House Offers Deal On Fund For Winding Down Cos.
• SEC Secures Settlements In $28M Ponzi Case
• Compass, Others Close Out Online Banking Patent Suit
• ING Quickly Settles Suit Over Thieving Broker
• Rajaratnam, Chiesi Argue For Separate Trials
• Sens. Nix Finance Bill's Expansion Of FTC Authority
• Countrywide, BofA Best Hedge Fund's Fraud Suit
• Feds Sue 2 Madoff Employees To Seize $5M In Assets
• Congress Pushes To Wrap Finance Bill By Thursday
• Fed, FDIC Say Bank Pay Should Not Reward Risk
• Credit Agricole Slapped With $50M CDO Fraud Suit
• ATM Fee Antitrust Suit Survives Dismissal Bid
• Commerce Bank Trademark Suit V. Founder Stands
• Ousted Gryphon Atty Belongs Back On Case, Firm Says
• 2nd Circ. OKs $5M Deal In Telik Cancer Drug Suit
• Barclays CEO Admits He Sought Buffer In Lehman Deal
• Google, Twitter Back Removal Of 'Hot News' Injunction
• Tullett Loses Broker 'Raid' Suit Against BGC
• Fund Manager Gets 5 Years In $20M Investment Plot
• Pursuit Led $40M Asset Value Scam, Alpha Beta Says
• Forex Liquidity Founder Can't Block Funds Payout
• SEC Sues ICP Asset Management For Alleged CDO Fraud
• Lawmakers Reach Agreement On Iran Sanctions Bill
• Goldman Gets More Time To Answer SEC Fraud Suit
• BofA, Goldman, UBS, Others Exit IndyMac MBS Suit
• Congress Nears Deal On Swipe Fees, Consumer Agency
• Former Regions Bank Teller Launches OT Action
• China Currency Move Not Enough, Lawmakers Say
• Micind Capital's Assets Frozen In Ponzi Suit
• BNY Mellon Boosts Canada Presence With I(3) Buy
• Lehman Left In The Dark After Barclays Sale: Exec
• Investors Sue Acorn Capital For Funding Ponzi Scheme
• Supreme Court Takes Case On Credit Card Rate Hikes
• UBS Insider Trading Suspect Still In Custody
• Judge Lets Al-Qaida Donors Off Hook In 9/11 MDL
• Fee Change Docs Ruled Off-Limits In Credit Card Suit
• 2nd Circ. Sinks Merger Fraud Suit Against JPMorgan
• AHERF Ruling: Limitation Of Imputation For Auditors
• 6th Circ. Upholds $15M Contract Suit Judgment V. Dish
• Pillsbury Lands 14 Nixon Finance, Corporate Attys
• US Bank Workers' Decertification Upheld In Wage Suit
• 2nd Circ. Affirms $2M Ruling Against Colonial Fund
• KKR To Buy Usen's Job Placement Unit For $356M
• WaMu Hearing On Examiner Delayed
• House Weighs Taking Some Oversight Duties From Fed
• Shareholders Fail To Nail Rambus, PwC On Backdating
• Ex-SEC Official Hops Aboard Trading Firm Lobby
• DOJ Defends Deputy AG Nominee's Role With AIG
• Extended Stay Creditors Tout Rival Starwood Plan
• City National Bank Sues Kenneth Starr For $2.6M
• Grappling With The FDIC's New Rule Proposals
• JPMorgan Hit With $348M Debt Insurance Fraud Suit
• Debtor's Loss At High Court May Lead To Bigger Gain
• Morgan Stanley Loses $3.4M Gas Contract Spat
• SEC Launches Probe Of Trading Director's Departure
• SEC Proposes Stricter Target Date Fund Disclosures
• Lehman OK'd To Bid $255M On Office Tower Investment
• Ex-Taylor Bean Owner Charged With $1.9B Fraud
• Congress Debates SEC, Anti-Stoneridge, Fed Measures
• HSBC Deal Ends Document Retrieval Patent Suit
• Investment Firm Said To Settle $10M SEC Ponzi Suit
• SEC Wraps Fraud Suit Against Ex-Credit Suisse Broker
• Countrywide Settles Prepayment Charge Class Action
• UK Watchdog Probes Ernst &Young's Lehman Books
• Foresight For Established Investment Managers
• 2nd Circ. Says Courts Can Stop Involuntary Bankruptcy
• Beleaguered Corus Files For Ch. 11 With $530M In Debt
• Finance Bill Conference Tackles Ratings, Investors
• The Resurgence Of Collective Investment Trusts
• Firm Takes Aim At Basis Yield Fund Advisers
• Integrity Trustee's Case Not Up To Snuff: 11th Circ.
• Starwood Tries To Block $4B Extended Stay Sale
• Utah Firms Tussle Over $1.5M Bad Investment
• Wachovia, Customers Reach Accord In ARS Action
• WaMu, FDIC Object To Renewed Call For Examiner
• Third Point Clears SEC Hedge Fund Probe
• Comptroller Aide Can't Duck Pension Fund Fraud: NY AG
• Fate Of Class Action Waivers Rests With High Court
• FDIC Joins JPMorgan In $4.5M Title Insurance Spat
• Madoff's Largest Feeder Seeks Ch. 15 Protection
• CFTC Approves Movie Futures In Cliffhanger Vote
• AHM Creditors Hit Deloitte With $75M Negligence Suit
• Kobre & Kim Barred From FINRA Lehman Arbitration
• Ex-Mayer Brown Atty Settles SEC Refco Fraud Claims
• 2nd Circ. Reverses $65M Contract Verdict For Highland
• Stanford Insurer Gets Access To Potential Fraud Docs
• Distinguishing 'Excusable Neglect' In Filing Late Claims
• Genworth Wins Restraining Order In Trade Secrets Case
• Gryphon Atty Disqualified From $17.5M Fraud Case
• High Roller Hit With $29M Ponzi Judgment
• High Court Rejects Vanguard Gambling Investment Suit
• Orrick, Calif. Bank Escape Class Action Over Bonds
• Money Manager Touting Royal Ties Faces Fraud Rap
• JPMorgan Wins Bid To Nix Insurer's Fees Award
• Class Certified In Morgan Funding OT Suit
• Ex-Rothstein COO Pleads Guilty In $1.2B Ponzi Scheme
• Ponzi Suspect Starr Pleads Not Guilty
• Patton Boggs Wants Out Of Stanford's Suit
• Fedders Trust Drops BofA, GE From Adversary Case
• CIT, Execs Can't Kill Investor Suit Over Risky Loans
• Gryphon Atty Hits Back Over Bid To Disqualify Firm
• Stanford Receiver Inks Settlements With Investors
• Reserve Fund Investors Win Full Share Recovery
• AIG Amends $2.2B Taiwan Deal In Bid To Speed Sale
• Omega Ends $485M Fraud Fight With Ex-Employee
• Foley Signs On Nixon Peabody Energy, Finance Pro
• BofA Reaches Deal In Secure Transaction IP Suit
• UBS Wins 2nd Dismissal Of Investors' ARS Action
• SEC Settles With Trader In Watley Squawk Box Suit
• The Do's And Don'ts Of Gathering Info
• SEC Strikes At Alleged $300M Gold Mine Ponzi Scheme
• Regulators May Get Cold Shoulder After Galleon
• Jury Indicts Money Manager Starr On 22 Fraud Counts
• Lines Drawn On Day 1 Of Finance Bill Conference
• SEC Adopts Circuit Breaker Rule For S&P 500 Stocks
• China's AgBank Gets Green Light For $30B IPO
• Insurer Received Info On Rothstein Ties, Banyon Says
• Easy Prey: Small Cap Cos. With No Takeover Defenses
• AIG Bailout 'Poisonous' To Wall Street, Report Says
• SEC Puts Another Goldman CDO Under Spotlight
• UK Competition Agency To Probe Underwriting Fees
• US Accuses 13 Of Running $12M Boiler Room Scheme
• WaMu Court Fast-Tracks Hearing On Examiner
• Congress Sets Stage For Finance Bill Conference
• Extended Stay Seeks OK Of Centerbridge's $4B Buy
• Hedge Fund Sues Goldman For $1.6B Over CDO Sales
• Ernst & Young Wins Rehearing Of Malpractice Damages
• Davis Polk Reps Santander In $2.5B BofA Deal
• AIG Must Produce Docs In $1B Insurance Fraud Case
• Finance Reform, Private Funds And Advisers
• US Atty Claims Gryphon's Lawyer Part Of $17.5M Scam
• WaMu Equity Group Renews Call For Examiner
• SEC Hands Deerfield Capital Wells Notice
• NY AG's Collusion Suit Against First American Survives
• Eaton Vance Unit Wants Broker Payment Suit Tossed
• 2nd Circ. Denies FDIC $22M Coverage For Merger Fraud
• Oil Co. Trustee's Fraud Suit Against CIBC Survives
• PNC Bank Settles Suit Over Secure Transaction Patent
• SEC Settlement With CFO Cinches AHM Fraud Suit
• Lloyds Shareholders Wield Claims Over HBOS Deal
• LeClairRyan Partners Launch Securities Boutique
• USACM Payment To Bingham Found Fraudulent
• Fighting FDIC, Colonial Seeks Exclusivity Extension
• US Seeks 40 Years For Convicted Schemer Rothstein
• FDIC Says Imperial Ch. 11 Doesn't Need More Pros
• NY District Atty Offers Corporate Prosecution Protocol
• Smith Barney Loses Discovery Battle In Sex Bias Suit
• Stroock Nabs WilmerHale Financial Industry IP Guru
• Troutman Sanders Atty Appointed Starr Cos.' Receiver
• Fair Isaac Takes Credit Score Fight To 8th Circ.
• Morgan Stanley Fights To Retrieve $3.4M Gas Payment
• Ex-Dragon Execs Sue Goldman Over Merger Advice
• Countrywide Pays $108M To Drop FTC Fee Suit
• BofA Hit With Consolidated OT Suit
• Crisis Panel Asks What Goldman Has To Hide
• The Art Of Client Alerts And Bulletins
• Ex-Lehman Execs Fight To Toss Securities Case
• Banki Convicted Of Violating Iran Embargo
• SEC OKs FINRA Change Nixing Inability-To-Pay Defense
• Bank Appeals Denial Of Coverage For Madoff Loss
• Lehman Seeks To Sell More Objets D'Art In Ch. 11
• China's AgBank Gears Up For Record $30B IPO
• Judge Sides With SunTrust In Ponzi Class Action
• Banyon's Link To Rothstein Voids Policy, Insurer Says
• HSBC In Talks For 5 Private Equity Fund Buyouts
• Paulson To Buy Stake In Harrah's For $710M In Debt
• The Broad Impact Of The Credit CARD Act
• Fla. Bank Stock-Drop Class Action Tossed
• Refco Trustee's Claims V. Mayer Brown Still Won't Fly
• Stanford Loses Bid For Akin Gump Bills To Lloyd's
• Iranian Wire Transfer Charges Don't Add Up: Defense
• Jones Day Nabs Southern Calif.'s US Attorney
• WaMu Agrees To Discuss Discovery With Shareholders
• New Class Of PwC Audit Associates Gets FLSA Cert.
• Lehman Sells Real Estate Funds To Former Managers
• Shareholder Slaps Icahn With Suit Over Handling Of XO
• Blank Rome Lures Ex-Sidley Loan Trading Partners
• Kirkland, Fenwick Advise On $717M SonicWALL Buy
• NextBank Investor Win OK'd In $50M Fight With FDIC
• Market Signals Of Investment Unsuitability
• No Punitive Damages For Wells Fargo In Fraud Suit
• Ex-Goldman Analyst Fined $28M For Insider Trading
• UK Fines JPMorgan Record $49M For Mixing Client Funds
• FDIC, Federal Reserve Balk At WaMu Examination Bid
• Thelen Secures Exit From Loewen Bond Offering Suit
• BWAY Packs Away Stockholder Suit Over Merger
• PayPal Dropped From Online Data Security IP Suit
• Former SEC Lawyer Radke Joins Arent Fox
• UK's Jupiter To Offer $322M In IPO
• Kaupthing, Bank Of Tokyo-Mitsubishi Win OK For Deal
• Insurers' Fraud Defense OK'd In Ponzi Suit
• German Short-Selling And The AIFM Directive
• Don't Punish Rating Agencies For Crisis: Buffett
• US Watchdog Widens Probe Into $150M SEC-BofA Deal
• Judge Won't Let Fired Lawyer Exit Stanford Case
• Prudential Calls Off $35B Deal For AIG's Asia Unit
• S&P, Moody's Didn't Underwrite Merrill Securities: Judge
• Galleon Defendants Say Feds Used Improper Wiretaps
• FINRA Orders Credit Suisse To Pay $9.8M For ARS Fraud
• Citicorp Seeks To Intervene In Tousa Lenders' Appeal
• Starr Entities Put Under Monitor's Watch
• Kirkland Taps Ashurst Private Equity Duo For UK Office
• WaMu Faces New Round Of Disclosure Objections
• Caterpillar Unit Snaps Up Electro-Motive For $820M
• Examiners: When 'Shall' May Be A Matter Of Discretion