05/09/2012
Attorneys for a former Goldman Sachs board member accused of insider trading say recent testimony by Goldman's chief executive supports their bid to eliminate the only wiretap recording of their client that relates to claims that he shared secrets wi
05/08/2012
The trustee liquidating Bernard L. Madoff Investment Securities Inc. revised a lawsuit to add the spouses of Bernard Madoff’s two sons as defendants on $57.5 million in claims.
05/08/2012
Proskauer has expanded its Real Estate Capital Markets Group with the addition of Leslie H. Loffman as a Tax Partner in the firm's New York office.
05/07/2012
Dominique Strauss-Kahn could face gang rape charges after an escort girl said the former International Monetary Fund chief and three others held her down and forced her to have anal sex.
05/07/2012
When Congress passed the Investment Company Act of 1940 to prevent abuses of mutual-fund shareholders, it exempted Puerto Rico.
05/07/2012
Pictet said in a statement the data handover took place in November 2010 via the Swiss tax office, which had received a request for assistance from its U.S. counterparts.
05/04/2012
The promised principal protection constituted a gross deception because the Lehman notes represented nothing more than unsecured loans by the investors to a financially faltering Lehman, according to the claims.
05/04/2012
The extent of that failure is laid out in confidential documents reviewed by Reuters that originate from investigations of HSBC's U.S. operations by two U.S. Attorneys' offices.
05/04/2012
Finra warned brokers in June 2009 that leveraged and inverse ETFs were difficult to understand and not a good fit for long- term investors.
05/04/2012
HSBC Holdings Plc’s Swiss private bank said fines and penalties relating to a tax-evasion probe by the U.S.as it published figures showing clients outflows in the second half of last year.
05/03/2012
Allegations against the bank include fraud, fraudulent inducement and negligent misrepresentation over the sale of the securities, according to documents filed in New York State Supreme Court yesterday.
05/02/2012
Nissan and Nugent have represented clients across a broad spectrum of sectors, including the manufacturing; entertainment; Internet; technology and software; consulting; and product distribution industries.
05/01/2012
Dewey removed the partners' names from its website between Friday and Monday.
05/01/2012
The accord would resolve a New York lawsuit claiming the bank's board, including former Chief Executive Officer Kenneth Lewis, had hidden how Merrill was headed toward an eventual $15.84 billion quarterly loss, even as it was paying $3.6 billion of b
04/30/2012
The firm notified staff and created a telephone hotline for client advisers to check whether they are on the list, the Swiss newspaper said.
04/30/2012
Regulators also closed Inter Savings Bank in Maple Grove, Minn., Plantation Federal Bank in Pawleys Island, S.C., and Palm Desert National Bank in Palm Desert, Calif.
04/30/2012
A source familiar with the probe said a preliminary investigation was prompted after a group of Dewey partners asked District Attorney Cyrus Vance to examine "financial irregularities" at the firm.
04/30/2012
Senator Rand Paul is blocking an amendment to a U.S.-Swiss tax treaty, slowing Switzerland’s handover of data on thousands of Americans with bank accounts hidden from the U.S. Internal Revenue Service.
04/27/2012
Federal prosecutors in New York this month disclosed that a Goldman Sachs employee was under investigation for passing illegal tips to Rajaratnam.
04/27/2012
TD Bank also replaced the law firm, Greenberg Traurig LLP, which represented it during a January trial in which the bank was sued by investors who claimed it should have detected money laundering in accounts Rothstein held there.