07/03/2012
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.
07/03/2012
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.
07/03/2012
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.
07/03/2012
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.
07/02/2012
. Yet a growing number of big banks are using clearer labeling to help consumers to add up the real price tags on their accounts.
07/01/2012
Julius Baer declined to comment on the matter, the Swiss newspaper said.
07/01/2012
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
07/01/2012
Jaunal joins from Kirkland & Ellis LLP, where all three were previously partners. Kern was most recently a partner at DLA Piper LLP.
06/28/2012
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.
06/27/2012
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.
06/27/2012
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.
06/27/2012
An appellate court in Manhattan later upheld the dismissal, a decision that was endorsed by the Court of Appeals in Albany Wednesday.
06/27/2012
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
06/26/2012
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
06/25/2012
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
06/24/2012
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.
06/24/2012
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
06/21/2012
The US legislation has worried foreign banks that have American clients as banks face penalties if they refuse to give the United States certain client information required under Facta.
06/21/2012
Merrill Lynch charged the fees to about 95,000 accounts between April 2003 and December 2011, FINRA said in a statement Thursday.
06/20/2012
The US wealth manager accused Kanas and Bohlsen for breaching the terms of certain non-compete arrangements, they entered into with Capital One in 2007.