02/10/2013
Troubled Bahraini bank Arcapita files reorganisation plan
Arcapita's case is being closely watched in the Gulf, where companies have little recourse to orderly ways of dealing with insolvency.
Legal, Regulation & Compliance
02/09/2013
Zamansky & Associates Announces Its Investigation of the UBS Willow Fund's Wind Down
The Willow Fund was a hedge fund which offered and sold more than $225 million in private placement interests
02/07/2013
Advisor Gets Over 12 Years For $16M Fraud
The SEC and federal prosecutors racked up another win on Tuesday after an Illinois federal judge threw the book at a shady financial advisor who pilfered $16 million in mutual fund shares from clients.
02/07/2013
SunTrust Sues to Stop Hedge Fund's $13 MLN FINRA Arbitration
The latest one brought by a bank to challenge claims by investors that their disputes can be heard and decided by FINRA arbitration panel.
02/07/2013
JPMorgan Chase Hid Mortgage Flaws From Investors, Emails Suggest
That review found that 20 to 80 percent of the mortgages did not meet underwriting standards, Bloomberg reports.
02/07/2013
UBS wins end to 'travesty' of lawsuit over tax evasion
Thursday's decision arose from a July 2011 lawsuit by three customers who had held Swiss bank accounts at UBS, and joined an Internal Revenue Service amnesty program that required them to pay back taxes on balances plus 20 percent penalties.
02/07/2013
K1 Hedge Fund Founder Indicted in $311 Million Fraud
The information filed against Tausche alleges a similar scheme against Barclays Bank
02/07/2013
CC elects US restructuring chief as new Americas head
Cohen, who has led Clifford Chance’s Americas banking practice since 2005
02/06/2013
Art dealer Guy Wildenstein charged with tax evasion
A bank based in the Bahamas had also been charged with complicity in tax evasion.
02/06/2013
Merrill wins dismissal of CDO lawsuit by South Korea's Woori
A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K
02/06/2013
HSBC's global spread left it open to crime: CEO
The probe made scathing criticism of HSBC's anti-money-laundering systems and found its lax controls allowed two drug cartels to move $881 million through the bank.
02/06/2013
$4.3 Million Arbitration Award Against GenSpring Family Offices
The team of Dovin Malkin & Ficken and Vernon Healy recently won a $4.3 million arbitration award against GenSpring Family Offices, a money management firm owned by SunTrust Bank, which offers investment advice and money management services to high and
02/05/2013
CFTC Orders The Royal Bank of Scotland plc and RBS Securities Japan Limited to Pay $325 Million Penalty
With this Order, the CFTC has now imposed penalties of more than $1.2 billion on banks for manipulative conduct with respect to LIBOR and other benchmark interest rates
02/05/2013
Final FATCA Regulations Released - Withers
The US Treasury Department has now released the long-anticipated final FATCA regulations, which build upon the foundation of the proposed regulations but contain some significant additions and modifications.
02/04/2013
Dangerous To Pay Two Execs $78 Million, Moody's Tells Jefferies
Moody’s thinks Jefferies Group‘s $78 million in pay for two of its top executives is a bad idea
02/04/2013
Financial crisis fallout: Justice Department set to charge S&P
The suit, which could be filed as early as this week, would allege that S&P fraudulently rated mortgage bonds
02/03/2013
Swiss tax haven is over
International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.
02/03/2013
BlackRock Sued by Funds Over Securities Lending Fees
Defendants have systematically violated their fiduciary duties
02/02/2013
Rothwell Figg welcomes veteran litigator
He is a past president of the International Trade Commission Trial Lawyers Association.
01/31/2013
Prominent NY prosecutor enters private practice
He joins a growing list of government lawyers who have left public service for private practice.