10/27/2014
BofA Mortgage Settlement Stalls Over SEC Political Fight
A final piece of Bank of America Corp's record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission
Legal, Regulation & Compliance
10/27/2014
Rengan Rajaratnam to settle SEC insider trading charges
Former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than USD840,000 and accept securities industry bars in order to settle the Securities and Exchange Comission’s (SEC) insider trading case against him.
10/27/2014
Another Hedge Fund Sues Argentina
Last year, Argentine authorities raided a Buenos Aires factory co-owned by Dart founder Kenneth Dart.
10/26/2014
Deutsche Bank lawyer found dead in New York
Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death.
10/24/2014
Virgin Islands Sues Buchanan, Bank of America Over 2006 Bonds
The authority did not redeem any of the bonds with surplus revenues, violating its covenant.
10/24/2014
Wragge Lawrence Graham & Co advises Euroclear on DTCC joint venture
Wragge Lawrence Graham & Co has advised longstanding client Euroclear on its agreement with the US’s Depository Trust & Clearing Corporation to develop a joint collateral processing service.
10/24/2014
Deloitte named a leader in Global Risk Management Consulting services by Gartner
Cyber Risk Services and Crisis Management round out broad portfolio Deloitte considers cyber risk services to rank among its most important offerings in the marketplace.
10/23/2014
U.S. court tosses Argentina appeal over funds held by BNY Mellon
Griesa had ruled that the $539 million that Argentina deposited in June with BNY Mellon for bondholders who participated in two sovereign debt restructurings was "illegal"
10/23/2014
Fiduciary Advocates: We Need a New Strategy
The brokerage industry, after all, outspends the RIA industry. SIFMA spends $2 million a year in lobbying dollars, while the Financial Planning Association spends $40,000, said Bill Prewitt, founder of Charleston Financial Advisors.
10/23/2014
Bingham Faces Internal Battles Amid Uncertain Future with Morgan Lewis
A month after Bingham McCutchen’s management disclosed to its partnership plans to merge with Morgan, Lewis & Bockius, lingering issues remain over what a combined firm might look like.
10/22/2014
Leading Tax Attorneys Join Fried Frank
Mr. Thornton advises clients on the tax aspects of a range of business matters
10/22/2014
Ex-UBS Adviser Says Weil Was At Meeting On Hiding Accounts
A former UBS AG client adviser on Tuesday placed the Swiss bank's ex-wealth management head Raoul Weil at meetings in 2002
10/22/2014
Citigroup Directors Prevail in Second LIBOR Lawsuit
For the second time this year, a shareholder derivative case against Citigroup's directors that alleged they should be held personally liable for losses stemming from the bank's misstatement of LIBOR, has been rejected by the Commercial Division
10/22/2014
Billionaire's Hedge Fund Sues Ex-Employees Over New Fund
We didn’t misrepresent anything when it comes to advertising or generally speaking with people in terms of our roles at Bridgewater.
10/21/2014
Barclays Sued by Fired Banker Over Latin America Pullback
A former Barclays Plc unit managing director in Latin America sued the company over its pullback from the region
10/21/2014
The Shift from Estate Planning to Estate Probating
How the aging population will Impact the way estate attorneys practice in the future
10/18/2014
Staten Island man who worked for the 'Wolf of Wall Street' charged with securities fraud
The Securities and Exchange Commission Friday civilly charged a New Springville man in connection with multiple investment schemes he allegedly operated between 2009 and 2013.
10/18/2014
Heirs to art looted by Nazis sue Swiss bank for fraudulent sales
USB accused of using family name to establish 'sham' foundation, rather than looking for surviving relatives.
10/17/2014
New York High-Speed Trading Firm Settles SEC Charges Over Manipulation
U.S. regulators brought their first-ever manipulation case against a high-frequency trading firm on Thursday, saying it used a computer algorithm to affect closing prices through a series of rapid-fire trades.
10/17/2014
Two ex-Rabobank traders charged in U.S. with manipulating Libor
Two former derivative traders for Dutch lender Rabobank were charged on Thursday with manipulating Libor