02/24/2012
Chicago-based law firm opens in Shanghai
The firm’s attorneys in Shanghai are bilingual and have the background and expertise to handle multicultural and multijurisdictional legal issues in the United States, Europe and China. Katten
02/23/2012
Citi, UBS provide keys to interest rate-rigging probe: sources
The two banks, linked by a trader who worked at both, have provided closely guarded details to U.S., UK, Japanese and Canadian regulators about how their traders and those at other banks allegedly sought to influence the yen-denominated London interbank o
02/23/2012
Prominent Miami investor and philanthropist sues NY hedge fund
John Paulson took responsibility for the failure of his research in an investors' conference call on July 21, 2011, according to a Reuters news story, Gurland noted, and said at the time that he needed to strengthen his Asian research arm.
02/23/2012
Citi, UBS provide keys to widening interest rate-rigging probe
Citigroup and UBS, in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest r
02/22/2012
Gibson Dunn posts impressive 2011 financial results
Head count at Gibson Dunn stayed effectively static last year, with growth just a marginal 10 lawyers last year, while the number of equity partners dropped by three.
02/22/2012
Court finds Pentagon Capital Management and Lewis Chester liable for securities fraud
Specifically, Judge Sweet found that Defendants PCM and Chester orchestrated a scheme to defraud mutual funds in the United States through late trading from February 2001 through September 2003.
02/20/2012
Hedge fund analyst arrested for insider trading
Unfortunately for Kinnucan, the Feds had already tapped his phone and captured his conversations with Donald Longueuil, a former SAC portfolio manager, and Level Global Investors LP co-founder Anthony Chiasson.
02/17/2012
Madoff Trustee May Struggle to Undo HSBC Ruling, Lawyers Say
Madoff trustee Irving Picard filed arguments in a federal appeals court in New York on why district judges Jed Rakoff and Colleen McMahon were wrong in barring him from demanding damages from the banks, which include UBS AG and UniCredit SpA.
02/17/2012
Law firms face 'uncertain' prospects in 2012: report
The forecast was released Wednesday in the annual client advisory by the Hildebrandt Institute, a division of Thomson Reuters, and the Law Firm Group at Citi Private Bank.
02/17/2012
Goldman Sachs Analyst Inquiry Said to Show New Focus in U.S. Insider Probe
The investigation of Henry King, the Goldman Sachs analyst covering Taiwan, shows federal authorities are expanding the insider-trading probe by U.S. Attorney Preet Bharara in Manhattan and the FBI in New York, said the person, who didn’t want to be
02/13/2012
The president of a Menlo Park hedge fund Friday became the latest figure to be indicted in the Galleon insider trading scandal that has stretched from Silicon Valley to Wall Street.
02/05/2012
Julius Baer is one of 11 Swiss banks under pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.
02/04/2012
The state is suing JPMorgan Chase, Bank of America and Wells Fargo, along with Virginia-based MERSCORP, which it called a "shell company" set up by the banks to process home loans they made but which became a dumping ground for poorly documented
02/04/2012
The IRS says it has stepped-up its internal reviews, including by designing new identity-theft-screening filters, to spot such scams before refunds are issued.
02/04/2012
The traders are charged with artificially boosting the prices of battered RMBS in 2007 to earn higher bonuses.
02/03/2012
Swiss Bank Charged With Helping U.S. Clients Evade Taxes
Prosecutors said that from 2002 to 2011, more than 100 U.S. taxpayers conspired with Wegelin
02/02/2012
In fact, the study indicates that Muslims are just as unwilling to accept Islamic law as non-Muslims.
02/02/2012
'Dead' trader found working in Las Vegas casino fined $90,000
Jones had disappeared over three decades earlier from Highland Park, Illinois.
01/30/2012
Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.
01/30/2012
One of the many regulatory changes brought about by the Dodd-Frank Wall Street Reform and Consumer Protection Act, this new “family office rule,” provides a broad exemption from SEC registration for many family offices.