04/16/2013
Am Law 100 Foursome Advise on $1.3 Billion Wealth Management Sale
Announcement comes about two weeks
Legal, Regulation & Compliance
04/16/2013
Prosecutors Charge Swiss Lawyer, Banker in Tax-Evasion Case
Prosecutors charged Edgar Paltzer, described as a partner at a Swiss law firm
04/16/2013
Bank of America will settle one mortgage lawsuit, but analysts quickly turn to the next one
The bank portrayed the settlement as good news because it resolved the bulk of securities claims related to residential mortgage-backed securities.
04/14/2013
Billionaire Wins Trial Over Fake French Wine
The federal jury in Manhattan found against the consigner, Eric Greenberg, concluding he made fraudulent representations about the authenticity and provenance of the wine
04/11/2013
OSC accuses former CIBC, UBS investment banker of improper trades
He has negotiated a settlement agreement, which will be considered by a hearing panel on April 16.
04/09/2013
KPMG fires partner for allegedly giving private client information to a third party
The company said that the partner violated its policies and betrayed the trust of clients and colleagues.
04/09/2013
Dubai’s Mashreq sues ING over $43m investment loss
In its claim Mashreq said these revisions were “nothing more than trickery”
04/08/2013
CFTC Said to Subpoena ICAP Brokers, Dealers on Swap Prices
The CFTC plans to interview about a dozen current and former brokers at ICAP’s Jersey City
04/07/2013
BofA lawsuit settlement of US$2.43bn approved
BofA Merrill Lynch said in September last year that it rejected the allegations and was agreeing to the settlement to end the uncertainties, burden and costs associated with the lawsuit.
04/07/2013
Ex-Credit Suisse exec pleads not guilty in NYC
He is accused of distorting the value of mortgage securities in 2007.
04/04/2013
Court Revives Ex-Wife's Suit Against Billionaire
She sued her billionaire ex, his companies and his brother in December 2009, claiming they used fraud to hide millions from her during the divorce and made a lot of his money from inside trading.
04/04/2013
Millionaires Got $80 Million in Jobless Aid in Recession
“So many people are taking advantage of government support that they probably feel like, why shouldn’t they take advantage of it, too?” said George Walper Jr., president of the Spectrem Group
04/03/2013
Deutsche Bank faces new sex discrimination case
The bank used the mass layoff as a reason to get rid of female employees it considered "problematic," according to the lawsuit.
04/03/2013
Paulson Fund Investor Case Dismissed for Lack of Standing
Hugh Culverhouse in a February 2012 complaint sought class- action status on behalf of all investors who lost money in the fund.
04/03/2013
A Wall Street trader hoping to boost his £1m annual bank bonus admits to making a series of fraudulent trades
The CFTC accused Taylor of fabricating trades to conceal a huge, unauthorised position in e-mini Standard & Poor's futures contracts, which bet on the direction of the S&P 500 index.
04/02/2013
Credit Suisse Says New York’s Fraud Suit Filed Too Late
The lender was accused of “multiple fraudulent and deceptive acts” in promoting and selling mortgage securities.
03/31/2013
US 'facing more bank bail-outs’
The rule was included in the Dodd-Frank financial reform legislation three years ago
03/31/2013
‘Another domino’ falls in SAC insider-trading case
Michael Steinberg was arrested Friday by FBI agents at his Manhattan apartment
03/27/2013
U.S. asks Liechtenstein for data in tax evasion probe
Liechtenstein, with similar secrecy laws to larger neighbor Switzerland, has long prospered by offering secretive foundations and trusts through firms known as fiduciaries.
03/27/2013
Ingenious launches US business to build on Fatca opportunity
Chief executive Guy Bowles said: ‘We have put all the systems in place with BNY Mellon and Pershing, Jersey, to custody clients.’