02/19/2014
Investment firm accused of fraud in silver sales
An investment firm in West Palm Beach and its owner must pay nearly $1.6 million in penalties and return $4.7 million to about 200 customers it cheated on precious-metals transactions
Legal, Regulation & Compliance
02/19/2014
Former Wilmington Trust exec faces arraignment
A federal judge is presiding over an arraignment for a former Wilmington Trust executive accused of scheming with another bank executive to make improper loans to each other from their respective banks.
02/18/2014
Foreign banks bracing for tough US Fed capital rules
Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week
02/18/2014
AIG holding BofA $8.5 billion settlement 'hostage,' investors say
The supporters urged the judge overseeing the deal to reject AIG's efforts to delay its approval, according to documents submitted to the court late on Friday.
02/17/2014
UPDATE 3-U.S. to let banks do business with licensed pot shops
The Obama administration on Friday issued new law-enforcement guidelines aimed at encouraging banks to start doing business with state-licensed marijuana suppliers, like those in Colorado, even though such enterprises remain illegal under federal law.
02/17/2014
Handler Thayer Named 2014 Estate Planning Law Firm of the Year
The Handler Thayer team hopes for a third consecutive win at the annual awards dinner to be held in New York City on February 24th.
02/13/2014
UPDATE 1-Investors mull action against Ocwen Financial
A number of institutional investors including BlackRock Inc are considering the possibility of legal action against Ocwen Financial Corp over its mortgage servicing practices
02/13/2014
BlackRock Shifts Advisory Focus to Bank Rules After Crisis
BlackRock Inc., which advised governments during the financial crisis on hard-to-value assets, is now focusing more on helping banks comply with new regulations
02/13/2014
10-years prison for ex-Reno Bank of America financial adviser in $2 million fraud scheme
A former financial adviser with Bank of America in Reno has been sentenced to 10 years in prison on fraud and tax evasion charges as part of a scheme federal prosecutors say he used to defraud six people out of more than $2 million.
02/13/2014
UBS Puerto Rico Faces Surge in Arbitration Claims
Puerto Rican investors are lining up for arbitration with UBS AG over losses when the commonwealth's bonds plunged last year.
02/12/2014
Baker & McKenzie Elects New Partners and Professionals in North America
Throughout their tenure, these professionals have demonstrated a remarkable commitment to our clients and the Firm
02/12/2014
PAM awards - International Tax And Estate Planning Law Firm Shortlisted
These recent distinctions highlight the firms strong leadership in tax and estate planning for high net worth international private clients.
02/12/2014
Global law firm names Chicago Office head
She is a commercial litigator with a focus on the health care, pharmaceutical and life sciences industries. She has substantial experience in a range of federal, state, and administrative proceedings, including multidistrict and class action litigation
02/12/2014
International law firm Expands New York Office
This adds to other strategic additions to the office in recent months.
02/12/2014
SEC names new chief accountant in Enforcement division
He has led teams conducting complex forensic investigations in high-profile accounting, securities, and other fraud matters.
02/11/2014
Former UBS banker to plead guilty in U.S. tax case, filing says
A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans
02/11/2014
Nonprofit sues Justice Department over JPMorgan settlement
A public advocacy group filed a legal challenge Monday to block implementation of a record $13 billion civil settlement between Attorney General Eric Holder and Wall Street powerhouse JPMorgan Chase & Co.
02/11/2014
Flexible solutions for those facing a US/Swiss planning conundrum - Withers
In this brochure, to illustrate the complex issues that can arise in this area, we have provided a case study of what one might, at first sight, assume to be a straightforward situation. In fact, and as we show, it is anything but.
02/10/2014
Ex-UBS Executive Weil Faces Eight-Month Wait as U.S. Trial Delayed
The highly-anticipated U.S. trial of former UBS AG executive Raoul Weil has been pushed back to October, leaving the former Swiss banker to languish in overseas legal limbo for the better part of this year.
02/10/2014
Exclusive: UBS seeks first-mover immunity in U.S. currency probe - sources
Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing