Managers of Wealth Americas

Latham, Davis Polk scoop Manchester United New York listing

Latham & Watkins will be advising Manchester United on its initial public offering in the United States with Davis Polk & Wardwell acting for US underwriters.

Ashurst finance partner defects to Paul Hastings' City arm

He is one of the leading Italian finance partners, has practiced in the UK since 1996, and leaves Ashurst to take up his new role with the Firm.

Former head of Linklaters US Tax Practice joins Duval & Stachenfeld

He was the former head of the US Tax Practice for Linklaters and worked out of their New York office.

Banks Ask N.Y. Judge to Throw Out Libor Antritust Suits

Plaintiffs including the City of Baltimore and New Britain Firefighters’ Benefit Fund sued the banks in 2011, contending they “suppressed” the Libor -- a key metric to set interest rates for trillions of dollars in financial instruments.

How the Big Banks Lost and Homeowners Won in California

The legislation, once signed by Governor Jerry Brown, could positively impact over 700,000 homeowners who are in the "foreclosure" pipeline. It's a BFD for California, but it may well be a BFD for the rest of the country.

Ex-Lehman broker must pay $904,000 in bonus flap

A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.

Judge slashes fees in Lehman Brothers class action

A federal judge in Manhattan has cut 31 percent from the fees sought by two law firms that won $516 million in securities settlements for Lehman Brothers investors last year.

Bank fees are still costly -- and going up at many banks

. Yet a growing number of big banks are using clearer labeling to help consumers to add up the real price tags on their accounts.

Julius Baer Sends 2,500 Employee Names to U.S., Le Temps Reports

Julius Baer declined to comment on the matter, the Swiss newspaper said.

U.S. Trustee Faults Dewey Plans to Hire Advisers

Proskauer Rose LLP may have conflicts as it hired former Dewey lawyers, public relations firm Sitrick & Co. may not be needed for bankrupt Dewey’s liquidation, and several firms’ duties would overlap, Tracy Hope Davis said in a filing in U

Baker McKenzie, Skadden, Sullivan, Akin: Business Of LawBaker & McKenzie expands Chicago office

Jaunal joins from Kirkland & Ellis LLP, where all three were previously partners. Kern was most recently a partner at DLA Piper LLP.

US hedge fund billionaire sued

It also said Falcone illegally manipulated bond prices, traded preferential treatment to investors who backed a controversial board initiative, and broke restricted period trading rules in three initial public offerings to make money on short sales.

IRS Cuts Middle Class Expats Big (And Deserved) Penalty Break

The relief will help middle class folks who have been living for years in high tax foreign countries such as the United Kingdom, and particularly the estimated one million Americans living in Canada.

IRS offshore tax programs pull in $5 billion

About 1,500 taxpayers have come forward to report a foreign-based account under the current program, which started in January, while 33,000 taxpayers came forward under the first two programs — one in 2009, another in 2011.

Barclays Can’t Be Sued Over SIVs, New York Court Rules

An appellate court in Manhattan later upheld the dismissal, a decision that was endorsed by the Court of Appeals in Albany Wednesday.

SEC bars hedge fund manager from practice

The U.S. Securities and Exchange Commission on Wednesday ordered convicted hedge fund manager Drew "Bo" Brownstein barred "from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfe

S.E.C. Said to Be Poised to Sue Fund Manager

Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving

Top Court Rejects Appeal on Foreign Bank Account Subpoena

The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec

International law firm files class action suit against UBS

The complaint charges UBS and certain of its former officers and directors with violations of the Securities Exchange Act of 1934. UBS is a global financial services company.

Merrill replaces law firm in broker pay cases

The change could mark a fresh start for Merrill after a disclosure by one of the previous lawyers likely damaged one of the brokerage's cases as it faces a growing pile of claims and more than $1 billion in estimated potential damages from pending ca

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