Banking Archive » May, 2011

Banking - May, 2011

335 articles

• Mo. Appeals Court Upholds $60M AG Edwards Settlement
• Lehman Reportedly To Settle $22B Derivatives Claims
• E&Y, KPMG Exit Suit Over Insurers' Madoff Investments
• Ex-AllianceBernstein Execs Stole Client Info: Suit
• Madoff Trustee Could Lose Venue Fight In $60B Kohn Suit
• Ex-Galleon Trader Offers No Defense In Merger Tips Trial
• DOJ Wants Conversion CEO's Bond Revoked After Run
• Capmark Grants $2.4B In Unsecured Loan Claims
• Ex-LNR Execs Sue Over Unpaid Severance Pay
• Banks Fight To Sue MBIA For Monetary Damages
• Citigroup Sues Impac Over Botched SEC Filing
• Ex-Bank Of Italy Chief Gets 4 Years For Merger Fraud
• Prospect Mortgage Can't Shake Loan Officer OT Suit
• A Pass For Lehman Rating Agencies
• 10 Tips To Ensure Your Trust Account Is Secure
• FINRA Targets Investment Firm DLA Over $2B REIT
• The Hidden Risks Of Being A Registered Agent
• Judge Refuses To Revive KeySpan Antitrust Action
• Q&A With Latham's James Brandt
• Lehman Insiders Hoodwinked Real Estate Investors: Suit
• $14.3M Deal Ends LandAmerica, SunTrust ARS Dispute
• Texan Gets 6 Years For $17M Export-Import Bank Fraud
• Knights Of Columbus Sues BNY Mellon For Mortgage Info
• Highview Point Agrees To Dismiss Ch. 11
• Ex-Acorn Exec Can't Nix Suit Over Petters Ponzi Scheme
• Umpqua Investors Sue Directors Over Exec Pay
• Morgan Stanley Claim Nixed In Citi's $245M CDS Row
• Nvidia Analyst, Hedge Fund Founder Plead Guilty
• 2nd Circ. Spares BofA Parmalat Investors' $300M Claim
• Principal To Face Westgate Fiduciary Breach Claims
• MBIA's Morgan Stanley Subprime Suit Stays Alive
• MSCI Sues Ex-Workers Over Alleged Source Code Theft
• ML Servicing Says Greenberg Suit Belongs In State Court
• Case Study: NJ Treasury V. Merrill Lynch
• Citi Seeks To KO Lehman Trustee's $1.3B Clawback Suit
• Stanford Investors Sue BDO For Alleged Ponzi Scheme Role
• 2 Plead Guilty In $806M Le-Nature's Fraud Case
• Jackson Hewitt's False Ad Claims V. H&R Block Trimmed
• TMST Execs Lose Bid To Appeal Trustee's Document Access
• Colonial Asks Judge To Reconsider Ch. 11 Plan
• Troubled Longtop Financial Slapped With Investor Suit
• Ex-Nasdaq Exec Pleads Guilty To Insider Trading
• Texas Man Gets 10 Years For $11M Forex Ponzi Scheme
• Madoff Investors Want Trustee's $44M Fee Bid Blocked
• Ex-ABN Futures Boss Blasts RBS Over Revenue Deal
• Heartland GC Loses Bid To Nix Insider Trading Ruling
• Tecumseh Execs Told To Shell Out $11M In Fraud Suit
• Loan Originator Gets 6 Years For Mortgage Fraud
• Q&A With Crowell & Moring's Jennifer Romano
• Credit Suisse, Merrill Fined $7.5M For Subprime Wrongs
• Trigon Founder Cops Plea Deal In $76M Ponzi Case
• $40M Ponzi Schemer Asks For Light Sentence
• Sens. Grapple With OTC Derivatives Reform
• Jackson Hewitt Cleared To Use Lenders' Cash Collateral
• 'Idol' Owner Hit With Class Actions Over $512M Sale
• Feds Want $31M From Convicted Taylor Bean Fraudster
• French Finance Chief Seeks IMF Job
• FCCD Drops Suit Against State Street Over $65M Loan
• Galleon Trader Says He Gave Cash To Tipsters
• Rajaratnam Calls Case 'Rank Speculation,' Seeks Acquittal
• Reserve Must Hand Over Emails In Investor Fraud MDL
• Lehman Blasts SunCal For Ignoring Automatic Stay
• The Threat Of Paper Terrorism
• Judge Backs Morgan Stanley Over In-House Trading Rule
• US Bancorp, JPMorgan Rip Capmark's Disclosure
• Defending Business Method Troll Attacks
• Q&A With Foley & Lardner's Bill McKenna
• Atty Tells 2nd Circ. Madoff Investor Suit Has Legs
• Q&A With Adams And Reese's Robert Boos
• Kirkland Reps Golden Gate In $470M Calif. Pizza Chain Buy
• Adviser Gets 2 Years For Trading On Ex-UBS Banker's Tips
• 2nd House Committee OKs Delay For Swap Rules
• Black Diamond Blasts Rival Lenders' GSC Ch. 11 Plan
• Ex-Xinhua Finance Board Member Denies Insider Trading
• Ex-J&G Attys, Others Convicted In Tax Shelter Case
• Houston Pension Plan Takes Aim At Highland Capital
• Ex-UBS Client Gets Probation In Tax Shelter Case
• 6th Circ. Backs $8M Michigan First Win Over Loan Losses
• Sen. Seeks Review Of SEC Oversight Of SAC Capital
• WaMu Nears Ch. 11 Exit With Shareholder Deal
• Wachovia Unit Tells 2nd Circ. It Need Not Arbitrate
• Dreier Victim Can't Shirk Forged $6M Hedge Fund Deal
• Trico Lenders Say They Were Misled Into $65M Loan
• Q&A With Dechert's Matthew Larrabee
• 8th Circ. Sends State Street Suit Back To State Court
• Of Screen Shots And Hearsay
• Judge Won't Move Madoff Trustee's JPMorgan Suit
• Madoff Investor Can't Stop $7.2B Picower Forfeiture
• Primedia Investor Sues Over $525M TPG Buyout
• Manulife Escapes Shareholder Fraud Action
• Wells Fargo Loses Bid To Nix Elavon's Contract Suit
• Tenn. Financial Adviser Gets 6 Years For $11M Ponzi
• Countrywide Seeks Exit From Funds' Subprime Suit
• Goffer Never Knew Ropes & Gray Tipster: Atty
• BofA Fights To Keep $500M Lehman Setoff
• Colonial Ch. 11 Plan Could Rip Off Creditors: Judge
• HomeBanc Locked Worker Out To Dodge Commission: Suit
• US Nets 1st Guilty Plea In Massive Poker Probe
• HSBC Made False Statements In $13M MBS Deal: Insurer
• HSBC Can't Shake $525M Suit Over PEMGroup Fraud
• Banque Syz Hit With $73M Madoff Clawback Suit
• Nuveen Agrees To $3M FINRA Fine Over Illiquid Bonds
• DOJ Sues To Halt H&R Block's $288M TaxACT Buy
• Ex-Citi Brokers Lose Bid To Save Bonus Contract Suit
• PGA Blasts Stanford Trustee's $13M Clawback Suit
• OppenheimerFunds Pays $100M To End Investor Suits
• Sullivan & Cromwell Settles Fee Fight With Ex-Partner
• Ex-IMF Chief Released To Temp Home In New York
• NC Man Charged In $3.2M Ponzi Scheme
• Defendants Try To Slash $7M Restitution In OPIC Fraud
• Citigroup To Face Pa. Pension Fund Case In State Court
• SEC Nabs $3M Judgment In Liberty Mutual Stock Tip Suit
• Fidelity Says Merrill Lynch, Employee Stole Trade Secrets
• Madoff Trustee Presses $1B Suit Against Mets Owners
• Ex-IMF Chief Indicted On Sex Charges
• Countrywide MBS Suit Revived In Calif. State Court
• Delphi Allows $54M In BofA Claims In Ch. 11
• Ex-Ropes & Gray Atty Says Trader Paid Cash For Tips
• Accredited Wins Ch. 11 Liquidation Plan Approval
• Zuckerman Targets BDO Over $40M Madoff Investment
• Calif. Real Estate Tycoon Convicted For $21M Fraud
• Judge Tosses Claims In Investors' TriCentury Suit
• Ex-Exec Says SEC, Others Conspired Against Stock Biz
• Ex-MBC Atty Cops To Role In $837M Insurance Scheme
• Q&A With DLA Piper's Ileana Blanco
• BofA Sells Back BlackRock Stake For $2.6B
• Berkshire, Legacy To Shed Branches To Win DOJ's OK
• Rabobank Can't Limit Damages In Credit Suisse Row
• Lehman Approved To Sell Berkshire-Backed Muni Shares
• Ex-Societe Generale Trader Stole Trade Secrets: Suit
• Stewart Seeks To Dodge Credit Suisse Claim Coverage
• Capmark Management Stake In $1B Fund Sold For $12.7M
• US Calls Goffer 'Ringleader' In Ropes & Gray Scheme
• 3rd Circ. Keeps NJ's Suit V. Merrill In State Court
• Madoff Trustee Settles $212M Claims With Feeders
• Diamondback Capital Broker Cops To Insider Trading
• Neb. Brokers Cop To $20M Securities Fraud
• Heated Closings In Fraud Trial Of LA Land Tycoon
• Judge Won't Consider Senate Report In $1.6B Goldman Suit
• Depositions Stayed In SEC's Muni Bond Fraud Suit
• JP Turner Shakes Investors' Fraud Action
• One Step Forward, Two Steps Back
• Q&A With King & Spalding's Richard Marooney
• Q&A With Reed Smith's Miles Dumville
• SEC Seeks To Strengthen Rating Agency Conflict Rules
• Dewey Reps Allstate In $1B Insurance Quote Cos. Buy
• Ex-Taylor Bean Exec Sues Insurer For $2M Defense Costs
• Citi Dodges Derivative Suit Over MBS Investments
• FBI Agent Charged With Lying to Protect Fraud Source
• Dreier Trustee Seeks OK Of $12M Settlement With Fund
• Corus Execs, Investors Settle Class Action For $10M
• Calif. Bank Execs Duck Securities Class Action
• Court Muzzles Plaintiffs In $137M BofA Muni Bond Pact
• St. Paul Seeks Win In Whistleblower Coverage Fight
• Stanford Receiver Fights Ex-CEO's Bid To Toss $3M Suit
• Too Late For Agency To Join Fannie Suit, Plaintiff Says
• Hogan Lovells Sacks Bankruptcy Pro Over $2M Expenses
• SEC Seeks Quick Win In Gryphon Fraud Case
• Last Defendant Cops To $8M Scheme To Bilk US Agency
• Ex-Citi Brokers Face Tough 2nd Circ. In Bonus Action
• A Rare Sight: DOJ Nonprosecution Agreements
• Does FINRA Accurately Seed Enforcement Issues?
• Schottenfeld Sues Opus Over Trader Hires
• Santander Investors Fight To Stay In Madoff Case
• UK Watchdog To Probe Competition In Auditing Sector
• Major Banks Defrauded US During Foreclosures: Report
• NY AG Targets BofA, Goldman, Others In MBS Probe
• DOJ Jostles With SEC Over Muni Bond Suits
• Cayman Entities Say BofA Should Face Parmalat Claims
• Cuomo Taps Aide As NY Financial Services Regulator
• Nasdaq, ProShares Sued Over ETF Patents
• High Court Seeks SG Input In Venezuela Bonds Case
• $184M Sale Of New Stream Life Insurance Assets OK'd
• Madoff Trustee Wants $114M From Investment Funds
• ING Drops $500M Suit Against Ex-New Century CEO
• SEC Can Use Probe Docs In McGinn Fraud Suit: Judge
• NY Judge Refuses IMF Chief's Bail On Sex Charges
• $15.8M Forex Fraud Suspect Wants Trial Moved To Atlanta
• WMI Flooded With Objections To Ch. 11 Plan
• High Court Seeks US Input In Mortgage Fee Suit
• Banks Claim Right To Seek $5B From MBIA
• DOJ Drops Hammer On $11B Nasdaq-ICE Bid For NYSE
• A Picture Is Worth 1,000 Words, But T-3 Is Priceless
• UBS Settles Check Imaging IP Suit With DataTreasury
• Judge Won't Delay Insider Trading Trial Over Raj Link
• Insurer Liable For SunTrust Loan Coverage: Judge
• Jury Backs Bayou In $13M Clawback Row With Hedge Funds
• SEC Worker Says She Got Demoted For Spying Stanford Plot
• Judge Refuses To Nix Class In Countrywide OT Suit
• EU High Court Sends $112M JPMorgan CDS Suit To UK
• 2 Get $3M Fine In Merrill, Goldman Insider Trading Suit
• Absolute Assignment Of Rents: Maybe Yes, Maybe No
• Loan Officers Win Class Cert. In Money Source OT Suit
• BofA, Merrill Specialists Protested Unpaid OT: Suit
• Ex-Keystone Chair Gets 3 Months For Trading Scheme
• Mormon Manager Hits Merrill With Discrimination Suit
• UniCredit Presses To Move $60B Madoff Clawback Suit
• Jailed Ex-Mayor Seeks To Stay Out Of Related Fraud Suit
• Equity Firm Balks At MBIA's Bid For CLO Docs
• FINRA's Reminder Of FCPA Compliance Obligations
• Judge Allows Ex-TMST Execs' Claims To Shift Liability
• SEC Investigating State Street Forex Deals
• Judge Eyes March 2012 Trial For Online Poker Case
• How They Won It: Ropes & Gray LLP
• 2nd Circ. Won't Revive Coverage Suit Over Madoff Scheme
• Barclays Settles Online Data Encryption IP Suit
• 1st Circ. Denies Bank Workers 2nd Crack At More Pay
• Democratic Sens. Pitch $5B Infrastructure Bank
• Ex-TSMC Worker Pleads Guilty In Networking Scheme
• Obama Nominates Reid Aide For CFTC Post
• Credit Suisse Faces More Possible Damages In ARS Case
• FCA, FHA Lending, And US V. Deutsche Bank
• Former UBP GC Sues Over 'Disappointing' Bonus
• 2nd Circ. Lets Ratings Agencies Off Hook In MBS Suits
• Q&A With Reed Smith's Wendy Schwartz
• Investors Say SEC Not Exempt From Stanford Gaffes
• Raj Win Could Net DOJ More Insider Trading Pleas
• Raj Verdict Deals A Blow To Mosaic Defense
• Wiretaps Prove To Be Deadly Weapon In Galleon Case
• Galleon Group Founder Guilty On All Counts
• Raj Team Pins Appeal Hopes On Wiretaps
• Alleged Raj Conspirators Back In The Spotlight
• Ex-Primary Global Worker Loses Bid To Dismiss Case
• Del. Judge Clears Berkshire's $548M Deal For Wesco
• Appraisals For WaMu Caused $283M Losses: FDIC
• 'Aggressive' Tax Deals Not Illegal, J&G Attys Argue
• AOL Investor Asks High Court To Review E&Y Fraud Suit
• BOX Sues 3 Exchange Cos. Over Pricing Patent
• Morgan Stanley Ducks Investment Advice Class Action
• Money Market Industry, Regulators Mull Systemic Risk
• UBS' $160M Muni Bond Settlement Draws Fire
• Willkie Farr Escapes Motown Songwriter's Contract Suit
• Financial Crisis Study Reveals Systemwide Breakdown
• Towers To Settle Trucking Co. Pension Suit For $9.2M
• McGinn Smith Founder's Wife Can't Ditch Fraud Suit
• Failed Banks And Attorney Liability: A New Trend
• CFTC To Hit Goldman Clearing Unit With Fraud Action
• Picard Sues Safra New York For $111M Over Madoff Funds
• Lehman Trustee Agrees To Pay Barclays $1.1B In Assets
• US Reveals Wiretap Arsenal In Galleon Spinoff Case
• Parmalat Presses To Move Auditor Suits To State Court
• FDIC Chairwoman Bair To Make Exit In July
• No Verdict For Rajaratnam Could Mean Split: Experts
• Madoff Trustee, Fairfield Sentry Call Truce
• Celebrity Adviser Starr Hit With $30M Restitution
• WexTrust Receiver Settles With Much Shelist For $13M
• UK Banks Drop PPI Suit After Setting Aside Billions
• Allied Can't Ditch Securities Claims Coverage Suit
• Howrey Lessons: The Downside Of Contingent Fees
• Cleary Snags Ex-SEC GC, Clifford Chance Atty In DC
• Sprint, HSBC, Others Sued Over Data Encryption Patent
• Sen. Seeks Reports On SAC Capital Trading Activity
• Berkshire Report Pins Sokol As Scapegoat, Suit Says
• MassMutual Sues Impac Over $16M In 'Junk' MBS
• 2nd Circ. Lets 1 Claim Survive In Citifunds Suit
• J&G Attys Battle Feds Over Instructions In Tax Trial
• Travelers Challenges Bank's Madoff Appeal In 2nd Circ.
• Feds Seek Prison For Ex-Atty In Galleon Spinoff Case
• 3 Men Cop To $8M Scheme To Defraud US Agency
• BofA, Citi Lied About MBS Practices: Suits
• Colonial Loan Supervisor Cops To Fraud Claims
• Silicon Valley Law Denied Quick Win In Okun Case
• Fannie Mae Can't Shake Wrongful Termination Suit
• A Look At Guidance For The NYPMIFA
• 5 Questions After AT&T V. Concepcion
• JPMorgan, SEC In 'Advanced' Talks Over CDO Settlement
• Sedgwick Hit With $200M Malpractice Suit
• Freddie Mac Shareholders Can't Sue Execs: 4th Circ.
• MassMutual Sues Goldman, Others Over Bad MBS
• Wells Fargo Sued Over $7B Wachovia ARS Settlement
• SEC Subpoenaed Credit Suisse For Mortgage Docs: MBIA
• Insurer Wins Coverage Row Over Ponzi Scheme Suits
• Judge Mulls Discovery In Goldman MBS Action
• Rajaratnam Jurors Listen To Chiesi Tapes Again
• LBI Trustee Brawls With Barclays Over $4B Sale Assets
• Deutsche Bank FCA Suit Just The Beginning, Attys Say
• BDO Settles Suit Over Bankest Fraud Collapse
• Judge Revives Some Fraud Claims In Refco MDL
• 8th Circ. Nixes Subsidy Fraud Suit V. Nelnet, Others
• Feds Trim Case Against Alleged Fraudster Stanford
• Defining Insurer Liability Through RMBS Cases
• Whistleblower Accuses AIG, Banks Of $137B Bailout Fraud
• K&L Gates Scores 10-Lawyer Team From Clifford Chance
• DLA Lures Financial Regulatory Pro From SNR Denton
• SEC Goes After ICP Founder's Homes In CDO Fraud Case
• Mortgage Insurer Shakes JPMorgan Loan Coverage Suit
• ICE Unit Plays Ball In EU Antitrust Probe Over CDS
• Namvar Never Lied To Real Estate Clients, Jury Told
• Mo. Jury Awards $11M To Ex-UBS Worker For Harassment
• DOL Can Subpoena Docs In $10M Madoff Scheme: 4th Circ.
• House Panel Approves Bills To Modify Consumer Watchdog
• Ares, Oaktree Cut From Suit Over $4B Exco Buyout
• SEC Wants $32M From Founding Partners Exec
• JPMorgan Can Fight Picard In District Court: Judge
• 5 Top Brooke Execs Settle SEC Fraud Claims
• House Committee OKs Bill To Delay New Swap Rules
• NY Post Can't See Starr Celebrity Victims' Records: Judge
• UBS To Pay $160M In Muni Bond Settlement
• SEC, CFTC Want Budget Hikes To Implement Dodd-Frank
• Case Study: In Re MacMenamin's Grill Ltd.
• EFI Trustee Hits Bryan Cave With $100M Malpractice Suit
• Banks Win Discovery Bid In $2.4B MBS Suit
• Investors Strike $28M Deal In SemGroup MDL
• Report Blasting Goldman Referred To DOJ, SEC
• US Renews Transcript Plea For Fresh Rajaratnam Jury
• AIG Must Pay $87M In Coverage Dispute, Panel Says
• Feds Trim Namvar Tax Fraud Case As Trial Begins
• Hotel Chef Cooks Up OT Action Against Blackstone
• NYID Must Comply With Email Discovery In $5B MBIA Suit
• 2nd Circ. Denies Bail Bid In Goldman Code Theft Case
• US Sues Deutsche Bank For $1B Over Bad Mortgages
• SEC Demands Docs In Alleged $139M Crown Forex Fraud
• Ex-Frontier CEO Fights Push For Trial In Fraud Case
• Morgan Lewis Securities Pro Joins Weil Gotshal In DC
• KPMG Hit With OT Action By Associates
• Weil Gotshal Reps Buyers In $2.1B Husky Deal
• Recasting Business Method Patent Claims Post-Bilski
• Greenberg Atty Seeks Exit From Malpractice Suit
• The Big Asymmetry In New Margin Rules
• SEC Looks To Gain Home Court Advantage
• Nasdaq, ICE Bid For NYSE Goes Hostile
• Ex-Atty Makes Plea For Leniency In Galleon Spinoff
• Banco Santander Can't Shake Madoff Fraud Claims
• Freddie Mac Ex-CFO Dodges Part Of Fraud Suit
• Trader Can't Delay Galleon Spinoff Trial Over Docs
• Juror's Health Impedes Rajaratnam Deliberations
• Lehman Says Barclays Fell Short Of $2B Bonus Promise
• Ex-Winston Lawyer Cops To Role In Starr Scheme
• Thornburg Mortgage Sues Citi, Chase, Others For $2.1B
• Vitro Blocks Defiant Noteholders From Demanding Debts
• No Class Counsel Fraud In Dynex Securities Suit: Judge
• Jones Day Lures M&A Pro From Edwards Angell
• Private Sector Presses SEC, CFTC On Swap Timelines
• Rough Waters In Bankruptcy Code's Safe Harbors
• JPMorgan Settles WaMu Loan Underwriters' OT Action