04/13/2012

Baker & McKenzie names former prosecutors new partners

He was recently honored by the Federal Bar Association for his work investigating a complaint filed against a sitting U.S. district judge in New Orleans; in 2008, the judge was convicted and removed from office.

04/05/2012

Fed fines Morgan Stanley over robo-signing

Morgan Stanley has acknowledged that it will be responsible for satisfying any civil money penalty that the Board of Governors could have assessed against Saxon for its conduct.

04/05/2012

Billionaire on U.S. tax code: It's "a disgrace"

Billionaire David Rubenstein, co-founder of private equity firm The Carlyle Group, says he's willing to pay more in taxes, but lawmakers need to do their job and change the law.

04/04/2012

Merrill Lynch Can't Stop Class of Black Bankers

A class of Merrill Lynch financial advisers who claim the firm denied them pay and promotions because they are black won another legal victory when the 7th Circuit declined to review its earlier order to certify the class.

03/29/2012

Wells Fargo faces investors' class-action suit

The lawsuit, filed in 2010 by the City of Farmington Hills Employees Retirement System, a Michigan pension fund, on behalf of more than 100 other institutional investors, claimed breach of fiduciary duty and fraud. The investors sought to be allowed to pu

03/26/2012

Kai Herbert Sues JPMorgan Chase Over $3 Million Typo

The contract that Herbert agreed to said he would be paid 24 million rand or $3.1 million, but JPMorgan officials said they meant to put a decimal point between the two and the four, making his actual pay 2.4 million rand.

03/26/2012

Feds say Wells Fargo won't turn over documents

The Securities and Exchange Commission said in a statement Friday that Wells Fargo agreed to produce the documents under subpoenas dating to September of 2011, but the bank has failed to hand over much of the requested material.