01/30/2012
Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.
01/30/2012
Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.
01/27/2012
Frumento and Korenman will also lead an inter-disciplinary practice to serve the legal needs of senior officers of public companies.
01/26/2012
The inquiry being conducted by the Senate Permanent Subcommittee on Investigations could yield a report and congressional hearing later this spring, these people said.
01/26/2012
This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.
01/26/2012
“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre
01/25/2012
But one of Stanford's attorneys told jurors the financier was a resourceful businessman whose financial empire, which spanned the U.S., the Caribbean and Latin America, was real and paid investors every penny that was promised to them.
01/24/2012
On Monday, five banks — Bank of America, Wells Fargo, JPMorgan Chase, Citibank and Ally Financial — reached a draft settlement of the dispute with the states' top legal officials.
01/24/2012
Private equity firms, including Blackstone Group, are also becoming alternative asset managers and broadening their activities beyond typical private equity firms, Higgins added.
01/24/2012
An arbitration panel has ruled that Merrill Lynch must pay roughly $1.2 million to former Boston Red Sox catcher Douglas Mirabelli and his wife for giving the couple allegedly inappropriate investment advice.
01/22/2012
Dexia in October agreed to split itself when its interbank lending sources dried up amid the Europe's stressed economies. Dexia had come to rely heavily on short-term lending and government support after it was battered by the financial crisis, partl
01/20/2012
Unlike the dozens of high-level hedge fund managers who have been arrested in the government's four-year crackdown on illicit trading he toiled at a mid-size 77-year-old firm that keeps a low profile and caters to rich families.
01/18/2012
The misconduct was revealed during the course of an SEC examination, minimizing investor harm.
01/17/2012
HgCapital, the mid-market private equity house, is one of two key fund formation clients transferring its mandates to Proskauer, where relationship partner Nigel van Zyl began work earlier this month.
01/12/2012
Parabellum will be run by former members of the Credit Suisse Legal Risk Strategies & Finance team, led by Aaron Katz. The spinoff from Credit Suisse will allow Parabellum to grow and broaden its product lineup without operating under the constraints
01/11/2012
Two previous IRS programs, in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency.
01/11/2012
US authorities set to take legal action against Switzerland's oldest bank
In moves which have strained U.S.-Swiss relations, dozens of U.S. clients and at least two dozen Swiss bankers have been charged following a crackdown on offshore tax evasion through Swiss banks.
01/10/2012
Negotiations in the case have reached a critical stage, with an indictment possible though the bank is seeking a deferred prosecution agreement, which would be less damaging
01/09/2012
If any family offices are still unsure about their exempt status, they need to act soon: Nonexempt family offices have until March 30 to either register with the SEC or restructure to conform with exemption requirements.
01/06/2012
The endeavor has taken on an increased significance in the wake of MF Global's collapse and the disappearance of more than one billion dollars in customers funders.