Managers of Wealth Americas

Proskauer Expands Private Investment Funds Capabilities

was the founder and leader of the Private Fund Disputes team and was formerly the Practice Group Leader of the Commercial Litigation and Financial Services and Securities Litigation Practice Groups at Nixon Peabody.

Handler Thayer Wins 2012 PAM Award for Best Overall Law Firm

Private Asset Management Awards, organized by Private Asset Management Magazine, recognize and reward those firms and institutions that have successfully served UHNW individuals in an increasingly complex economic environment and have proved true ability

Swiss lawmakers back U.S. tax plan; further vote Monday

The proposal, which clarifies how Switzerland would hand over data on Americans suspected of dodging taxes at home, seeks to backstop an expected deal over U.S. probes into 11 banks including Credit Suisse and Julius Baer, likely to comprise a data handov

US targets Dubai bank over Iran curbs

The US Treasury Department has disrupted a Dubai-based banking operation that the United States believes was Iran's main conduit for evading international sanctions and processing oil sales, the Wall Street Journal reported.

HSBC provides info on clients having accounts in India to US Close

In April last year, HSBC Bank USA received summons from the US Internal Revenue Service (IRS) asking the entity to produce records with respect to US-based clients of an HSBC group company in India, the banking giant has said.

Volcker rule should exclude all sovereign debt - Citigroup

Manuel Medina-Mora warned that the so-called Volcker rule, which forms part of the 2010 Dodd-Frank financial oversight law and bans banks from using their own funds to make risky trades, could prevent lenders from serving their clients.

Four Hedge Fund Managers Indicted in $40 Million Ponzi Scheme

Joining U.S. Attorney Tompkins in making today’s announcement are Chris Briese, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, and Jeannine A. Hammett, Special Agent in Charge of the Internal Revenue Servic

Regulators Scrutinize Ties With Exchanges

Aspects of the probe, which is in its early stages, came to light in a regulatory filing Friday from BATS Global Markets Inc., a computer-driven U.S. exchange that is planning an initial public offering.

Black brokers at Merrill Lynch get go-ahead for class action

The decision by the 7th U.S. Circuit Court of Appeals in Chicago came eight months after the U.S. Supreme Court, in a case involving Wal-Mart Stores Inc, made it significantly harder to pursue class-action cases.

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

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

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.

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

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.

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.

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.

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.

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.

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

Hedge fund manager charged with insider trading

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.

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