Banking Archive » October, 2010

Banking - October, 2010

306 articles

• Mortgage Lenders Trust Settles With BofA For $44M
• Morgan Stanley Loses Bid To Exit Rhinebridge Suit
• 9th Circ. Nixes Skadden Subpoena In Quellos Case
• Accused $413M Ponzi Schemer Cosmo Cops Plea
• Banks Brace For Onslaught Of Suits Over Foreclosures
• Westgate Founder Gets 40 Years For Ponzi Scheme
• Fed. Circ. Won't Remand Patent Suit Against BofA
• 2nd Circ. Upholds $411M Award To BofA In Gas Case
• CommScope Hit With Investor Suit Over Carlyle Deal
• Rome Bank Investors Sue To Block $74M Merger
• Ex-BofA Trader Gets 1 Year For Kickback Scheme
• Treasury Seeks Input On Potential Forex Exemption
• 7th Circ. Partially Overturns Conrad Black Verdict
• FDIC Rule For Securitizations Gets Mixed Reaction
• Galleon Insider Trading Informant Settles With SEC
• Petters, Insurers Settle Coverage Suit Over $3.7B Fraud
• Boston Trading Duo Charged With $30M Forex Fraud
• Receiver Lodges Suit Against Starr For $35M
• BofA, Others Hit With Class Suit Over Fla. Foreclosures
• SEC Wields New Powers To Get More Cooperation
• Lehman Distribution Possible In 9 Months: Trustee
• SEC Subpoenas Tiger Asia Over HK Probe
• ICBC To Pay $180M For Stake In AXA Venture In China
• US Wants Partial Seal In SocGen Trade Secrets Trial
• Skadden Reps EGI In $126M Rewards Network Deal
• Payday Lender To Shell Out $6M In Class Settlement
• Suit Claims JPMorgan, HSBC Manipulated Silver Market
• Head Of Failed Texas Bank Cops To False Book Entries
• Protest Of DOD Charge Card Contract Rejected
• Investors Sue Over Madoff Feeder Fund
• Ex-Financial Adviser Gets 8 Years For Fraud
• Loan Workouts: What Hotel Owners Need To Know
• Citi Unit To Pay LandAmerica Trustee $96M In ARS Deal
• Proskauer Dodges Tax Shelter Fraud Appeal
• SEC Settles San Diego Municipal Bond Fraud Case
• FINRA Proposes New Broker-Dealer Conflict Disclosures
• Stanford Legal Team Turns Over For 5th Time
• Suit To Reinstate Tennessee Commerce Exec Nixed
• JPMorgan Buys Stake In $6B Brazilian Hedge Fund
• No Deception In Rajaratnam Wiretap Request, Feds Say
• National Century Fugitive Pinched In Mexican Hideout
• US Wants Partial Seal In Goldman Trade Secrets Trial
• Insurer Sues Investment Co. To Avoid FINRA Coverage
• Dubai World Creditors OK $25B Restructuring
• Comerica Hit With Suit Over Internet Security Patent
• US Bank Loses Arbitration Bid In Overdraft Fraud MDL
• Alston, Latham Rep Carlyle In $4B CommScope Deal
• Judge To Weigh Tax Scheme Losses In Ohle Sentencing
• Capmark Creditors Argue For Avoidance Claims
• SEC, Conn. AG Sue Southridge Manager For Fraud
• TARP Watchdog Questions Treasury Math On AIG Bailout
• Banks Ask High Court To Review Bailout Details Case
• Citi Exec Denies Giving EMI Buyer M&A Tips In Deal
• No Violation In SEC Cooperation On Stanford: DOJ
• City's Fraud Suit Against WaMu Survives Dismissal Bid
• EU Forges Watershed Hedge Fund Regulations
• CFTC Targets Market Manipulation In New Rules
• BofA Sues Fraudster Starr Over $500K Loan
• SEC Will Streamline System For Securities Tips
• Judge Speedily Dismisses Stanford's Latest Request
• Singapore Exchange To Buy Aussie Counterpart For $8B
• WG Exec's Lawyers Spar With US Over Trial Date
• KPMG Targeted In BAE Systems Accounting Probe
• Investors Accuse Credit Agricole Of $70.5M CDO Fraud
• Schleicher V. Wendt And Fraud-On-The-Market Doctrine
• Fund Says Regions Knowingly Fluffed AmSouth's Value
• DOJ Objects To Severing Atty From MBC Case
• Carlyle Weighs $3B Buyout Of CommScope
• How To Set The Stage For A Global Deal
• Ayco Wins Injunction Against Analyst Who Left For UBS
• Meta Financial Group Faces Securities Class Action
• NY Court Declines To Bump Up Auditors' Fraud Liability
• Prosecutors Look To Dismiss UBS Tax Case
• Houston Jury Pool Not Too Tainted For Stanford: DOJ
• DC Circ. Says Execs Owe Bank $650K In Atty Fees
• Greenberg, Smith Found Liable For 'Sham' AIG Deal
• Ex-Trader Still On Hook For Tips From Insider's Wife
• FINRA Taps Baker Botts Partner As Enforcement Chief
• Investment Firm Wins Toss Of Suit Over Madoff Losses
• Judge Won't Trim Nat'l Century VP's 10-Year Sentence
• Bahrain's Awal Bank Seeks Ch. 11 Protection
• Sidley Reps Athene In $628M RBC Unit Purchase
• Federal Can't Shake Suit Over Client's $2M Tab
• Isaacson Attys Blast Prosecutors, Call For Acquittal
• First Cash Chair Resigns Amid Insider Trading Probe
• Wintrust Faces Collective Action From Underwriters
• St. Paul Tries To Dodge $27M BNC Claim
• Judge Spears Barclays' Argument Over Lehman Sale
• DOL Sues Investment Cos. For Ignoring Madoff Fraud
• Man Pleads Guilty In $100M Life Settlement Scheme
• DOJ, Stanford Spar Over Allegedly 'Vague' Charges
• Nadel Gets 14 Years For Ponzi Scheme, Blames Self
• MoneyGram's $4.5M ERISA Settlement Gets Judge's OK
• Fannie Mae Seeks Coverage For $131M Mortgage Fraud
• Weighing Unilateral Termination Of A Deposition
• Petra Offshore Fund, REIT Unit File For Chapter 11
• DOL Aims To Expand Scope Of ERISA Fiduciaries
• TQP Targets Dell, Chevron, Others Over Encryption IP
• Fake-Gold Mastermind Ruled Liable For Statements
• US Atty Pledges To Tackle 'Rampant' Insider Trading
• WHX Settles ERISA, Contract Suit Against Citibank
• DOJ Fights To Keep Anklet On Ex-Taylor Bean Chairman
• Blackstone, Goldman Sued Over 'Junk Insurance' Co.
• Ex-Refco CEO Escapes Shareholders' Fraud Fight
• SageCrest Unit Seeks Bankruptcy Protection
• Ex-HR Exec Hits MasterCard With Whistleblower Suit
• 5-Year Sentence For Convicted Schemer Absurd: Attys
• Texas Woman Hits IberiaBank With Overdraft Fees Suit
• SEC Hits Hedge Fund Bosses With Fraud Suit
• BofA Loses Bid To Toss Wage-And-Hour MDL
• Former Refco CFO Dropped From Securities Action
• Cuomo Seeks $728M From Merkin For Madoff Losses
• Trial Ordered In Downey Financial-FDIC Refund Battle
• UK Financier Says It's His Word Against Citi's In EMI Suit
• Lehman Judge Stays More Than 50 Adversary Suits
• Ex-Deutsche, AIG Exec Stole Banks' Money: US Atty
• Loan Officers Slap Prospect Mortgage With Wage Suit
• FINRA Fines Ferris Baker Over Low-Income Note Sales
• NY Man Gets 10 Years For $10M Subprime Loan Plot
• Judge Nixes 'Wordy' Freddie Mac Securities Action
• Getting A Grip On 2-Sided Markets
• BofA Sues FDIC Over $1.8B Taylor Bean Mortgage Loss
• Aegis Mortgage Ch. 11 Liquidation Plan OK'd
• Ernst & Young Litigation Chief Heads To Orrick
• Gov't Says Nadel Doesn't Deserve Sentencing Break
• G-20 Should End Reliance On Credit Ratings, Board Says
• Basel Panel Unveils Liquidity Standards For Banks
• Examiner Request In Innkeepers Bankruptcy Nixed
• Dubai Bank Off Hook In Port Authority's 9/11 Suit
• Rajaratnam Calls FBI Wiretap Order Reckless
• Stanford Seeks Release Under Speedy Trial Act
• USDA To Pay $680M To Native American Farmers
• Madoff Trustee Asks To Cut Loose Fund Investors
• CFTC Proposes New Rules For Commodity Swaps
• Latham Reps Platinum Equity In $777M ACL Deal
• Lehman Creditors Back $45M SunCal Settlement
• Austrians Convicted In Refco Scandal May Get Retrials
• EU States Approve Strict Hedge Fund Rules
• Investors Lobby For Lead Role In Apollo Fraud Action
• BofA Sues Ex-Employee For Defection To Wells Fargo
• Judge Pares Investor Class Action Against Goldman
• Lehman Tops $1B In Fees Since Ch. 11 Filing
• Treasury To Sell 1.5B More Citigroup Shares Worth $6B
• Grant Thornton Settles Refco Litigation For $25M
• Case Study: Bateman V. AMC
• Trial Kicks Off In Terra Firma's Suit Over $6.5B EMI Deal
• DOJ Rejects Stanford Request For Co-Conspirator IDs
• 4 Things To Consider When Deciding To Self-Report
• WaMu Disclosure Statement OK'd Over Objections
• JC Penney Adopts Poison Pill To Ward Off Takeover
• Top Pearlman Salesman Cuts Deal For Up To 16 Years
• Tribune, JPMorgan, Others Fight Trustee Bid In Ch. 11
• US Atty Wants Up To 45 Years For Nicholson
• KKR Bids Up To $40 A Share For Aussie Fund Manager
• The Changing Landscape For Credit Ratings
• Supreme Court Declines BNY's Dispute With Trustee
• Nadel's Attorneys Seek Leniency
• Tronox Secures $125M In Credit From Wells Fargo
• RBC Scoops Up UK's BlueBay In $1.5B Deal
• Orrick, Ex-Thornburg Execs Fail To Stop Fraud Suit
• Capmark Unsecured Creditors Attack Deal With Lenders
• Ambac Dismissed From New Orleans Bond Suit
• Hedge Funds Fight For $250M In Late Lehman Claims
• Countrywide's Mozilo Settles With SEC For $67.5M
• Blockbuster Shouldn't Pay Rothschild Bills: Trustee
• DOL Unveils Rule Increasing Disclosure Of 401(k) Fees
• Ex-Merrill Lynch Brokers Win $1M In Withheld Bonuses
• SEC Says 2 Fund Managers, Firms Gave Petters $1B
• Chimicles Loses Bid For $18M Piece Of Adelphia Pie
• WaMu Reorganization Plan Comes Under Fire
• Capmark, Creditors Spar Over Deal In $2B Loan Row
• Convicted AmeriFirst Exec Seeks Acquittal Of Fraud
• Moore, MF Global Told To Reveal CFTC Query Docs
• H&R Block To Buy TaxACT Maker For $287.5M
• Governing Disclosure Of Loss Contingencies
• Neb. Finance Authority Calls Lehman Stay 'Unfair'
• GAO Denies TCBA's Loan Review Bid Protest
• Ponzi Schemer's Partner Forfeits NYC Apartment
• UK Banks Banned From Some Credit Insurance Sales
• Credit Agricole Can't Nix Jury Verdict For Axed Analyst
• WaMu Investors Win Class Cert. In Lending Fraud Suit
• Fla. Mortgage Broker Sentenced To 15 Years In Prison
• Report Raises Red Flags On TARP Contractors
• Martin Act Will Remain A Player, Even With New AG
• SEC Bashes Tourre's Attempt To Kill Fraud Suit
• Prosecutors Want 20 Years For Ponzi Schemer Nadel
• OIG Report Clears SEC In Goldman Case
• Citigroup Used Layoffs To Cull Women: Suit
• TCF Bank Challenges Dodd-Frank's Card Fee Provisions
• Rattner Said To Pay $5M To End SEC Kickback Claims
• All 50 State AGs Launch Foreclosure Probe
• EU To Examine Competition In Audit Sector
• DOJ Calls For Harsh Sentence For Okla. Fraudster
• Lloyd's Off Hook For Stanford's Legal Costs
• Countrywide Escapes MBS Investors Class Action
• Fund Manager's Suicide Threat Sparks Fraud Arrest
• Hogan Lovells Reps Lockheed In $815M EIG Deal
• Charter One Workers Score Class Cert. In OT Suit
• DocMagic, Ellie Mae To Tweak Claims In Software Spat
• WaMu Gets $4.8B From Treasury In Tax Settlement
• FDIC Begins Floating Rules To Wind Down Failed Cos.
• Wells Fargo Ends Fight With MBIA Over Loan Suit Costs
• Corp. Counsel Expect Rise In Whistleblower Claims
• Petters Trustee Sues JPMorgan, Others in Clawback Bid
• Fed. Circ. Reverses $19M First Bank Winstar Ruling
• Manatt To Pay Fine For Role In NY Pension Scandal
• Plain English Please — Adviser Brochure Rules
• Citigroup Can Keep $41M Sought Over ARS: 1st Circ.
• Aurelius Balks At Move To Settle Tribune Claims
• CBOE Unit Sues ISE Over Options Exchange Patent
• FDIC Seeks To Recover $1B From Execs Of Failed Banks
• Cynergy Creditors Committee Seeks $39M From Exec
• Credit Suisse Win In Lockup Spat Vacated
• Accused 'CHiPs' Star Cut Deal In Fraud Case
• SEC Must Produce Evidence On Pentagon Witnesses
• Citibank Can't Nix Morgan Stanley Claim In $245M Row
• Adviser Indicted In Alleged $10M Ponzi Scheme
• BofA Loses Bid For Interlocutory Appeal In MDL
• Andersen's 9/11 Insurance Claim Rejected By NJ Court
• Case Study: Taub V. Big M Inc.
• Defense Seeks Leniency For Fraudster Nicholson
• Disputed Evidence Allowed In Countrywide Execs' Trial
• BofA Stops Foreclosure Sales In 50 States Amid Outcry
• Reynolds Ordered To Pay $4.1M In Fraud Case
• Ex-NY Bank Exec Pleads Guilty In TARP Fraud Case
• Sens. Seek Progress On SOX Whistleblower Rules
• Willkie Nabs 3 Hunton & Williams Antitrust Pros
• Ex-Rothstein Exec Gets 10 Years In $1.2B Ponzi Scheme
• Radio Host, Partners Arrested For Alleged $7M Fraud
• Fed. Circ. Upholds Win For NYSE In Papyrus IP Suit
• Hedge Fund Sues Commerzbank Unit For $68M
• Why BHCs Should Focus On Capital
• QOC Ch. 11 An Excuse To Delay Debt, Wells Fargo Says
• Big E-Mail Attachment Sparks BofA Trade Secrets Suit
• HSBC Unit Ordered To Boost Risk Management
• BNP Paribas To Fight €63M Check Fee Antitrust Fine
• Goldman Fights Claims That Suit Sparked Bonus Cuts
• Former Broker Gets 18 Months For Sureties Fraud
• Unsecureds Blast $965M Capmark Secured Debt Deal
• Home Appraisers Slap JPMorgan With FLSA Action
• Loan Underwriters Hit MetLife With OT Suit
• FINRA Awards 'Dallas' Star $11.5M In Citigroup Case
• Morgan Keegan Ordered To Pay Bond Investors $9M
• Quicken Loans Hit With Class Suit Over Credit Bias Law
• 8th Circ. Denies Rehearing In ReliaStar Annuity Spat
• WaMu Settles With Bank Bondholders For $335M
• 2nd Circ. Denies Wells Fargo A Slice Of $3B Card Deal
• 'Big Boy' Or Not? Disclaimers Of Reliance In NY
• Zurich Unit To Pay $545M To Settle Fee Class Action
• Ex-NY Comptroller Pleads Guilty In Pay-To-Play Case
• DOJ Looking At Improper Foreclosure Allegations
• Judge Pares Securities Suit Against Wells Fargo
• Jury Convicts Contorinis In UBS Insider Trading Case
• FBI Agent Defends Galleon Wiretap Application
• SEC Offers New Rules On Asset-Backed Securities
• Coke, LG, Others Targeted In Web Data Patent Suit
• Mo. Firm Sues Deutsche Bank Over $295M CMO
• Credit Agricole, BPCE To Appeal Antitrust Fines
• Fairfield Sentry Moves To Merge Suits Seeking $3.6B
• Madoff Family Seeks To Shut Down $200M Lawsuit
• Ambac Drops $6B Claim Against Lehman Brothers
• CFTC Enforcement Actions Up 14% In 2010
• The Basics Of Dodd-Frank's Diversity Provision
• SEC Asks Judge To Pull Plug On Alleged Fraudster
• FINRA Probe Nixes Overpayment, Other Claims
• SocGen's Rogue Trader Gets 3 Years In Jail
• AmEx Wins Judgment In PrivaCash Gift Card Patent Suit
• Court OKs Trump, Icahn Settlement In Ch. 11 Battle
• Chase Says Ex-Adviser Took Clients To Morgan Stanley
• Imperial Capital Launches Liquidation Plan
• German Bank Flays Goldman Over $37M CDO Sale
• CFTC Wins $41M In Idaho Ponzi Scheme Suit
• Judge Retains Most Claims Against Ivy In ERISA Suit
• SEC Settles Insider Trading Claims With UBS Banker
• Lehman Files $13M Suit Against Neb. Finance Authority
• US Seeks To Squash Schemer's Acquittal Plea
• Gucci, Card Processors Settle Fight Over Counterfeits
• Citi Sued Over 'Misleading' Credit Protection Plan
• Feds Nab Investment Adviser Over $2M Fraud
• Ex-Sentinel Auditor Fined Over Securities Scandal
• Swiss Re Wins Dismissal Of Credit Default Swaps Suit
• Lehman Wants Out Of Indonesian Telecom's Suit
• Saehan Bank To Pay $2M To End False Claims Case
• Toss Criminal Suit, Civil Suit Is Enough, Stanford Says
• Ex-UBS Banker Lied In Insider Trading Case: Atty
• Aldus, Investors End Fight Over Pay-To-Play Claims
• Prosecutors Misled Judge In Wiretap Bid: Rajaratnam
• AmEx To Fight DOJ On Merchant-Fee Antitrust Claims
• Fremont Settles Securities Class Action
• Legal, Compliance Employees On The Hook After Urban
• Wells Fargo Debt Pushes QOC Into Ch. 11
• Detroit Pension Funds Sue UBS Over $40M Investment
• Report Finds 1 Automatic Trade Triggered 'Flash Crash'
• Walgreen Beats Shareholder Suit Over Analyst Report
• Fremont Asks For KPMG Docs On $2.8M Fee Request
• Fla. Cos., Execs To Pay $115M In Fraud Suit
• CFTC Unveils New Derivatives Market Proposals
• SEC Accuses FreedomTree Of Misleading Investors
• AIG Wins Bid To Nix Action Over Madoff Coverage
• Petters Firms Plead Guilty In Deal With Prosecutors
• All Claims Dismissed In Bare Escentuals Class Action
• Ex-Pali CEO Sues Glaser Weil Over Defense Fees
• Icahn, Trump Hatch Truce Over Fees In Ch. 11 Battle
• Tenn. Investment Adviser Gets 8 Years For $7M Fraud
• Texas Broker Sentenced To 15 Years In Prison
• Legal Hold May Keep You Out Of Jail Over E-Discovery