Filed in archive litigation
by leon on December 20, 2007
Bear Stearns' annus horribilus has just got worse with Barclays Bank suing the Wall Street firm, claiming it used two hedge funds that collapsed last summer as places to unload troubled assets....
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Filed in archive litigation
by leon on October 23, 2007
Back in July, I talked about research showing that the number showing that the number of securities class actions has fallen to well below average.Now we have more evidence showing the trend is...
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Filed in archive litigation
by leon on October 02, 2007
Interesting comments from Judge Lewis A. Kaplan, speaking at a National Association of Criminal Defense Lawyers seminar. As reported in The Wall Street Journal, Kaplan raises serious questions about...
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Filed in archive litigation
by leon on September 29, 2007
Raising his profile and flirting with the idea of a presidential bid, New York Mayor Michael Bloomberg has just received unwanted publicity with news that the company he founded is being sued by the...
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Filed in archive litigation
by leon on September 22, 2007
Back in July, I pointed to findings from Cornerstone Research and Stanford University Law School showing that the number of securities class actions was falling, with suggestions that this...
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Filed in archive litigation
by leon on August 22, 2007
Earlier this month, I talked about Refco's delinquent community, and about how many people were colluding. Everyone seemed to have a slice of the action that sent the company to the dogs. At the...
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Filed in archive litigation
by leon on August 16, 2007
Analysts might say the correction will not turn into a bear market but lawyers are warning that the credit meltdown could leave banks, hedge funds and private equity firms embroiled in costly...
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Filed in archive litigation
by leon on July 18, 2007
The fallout from the KPMG tax shelter case continues.Earlier this week, we saw Judge Lewis Kaplan dismissing criminal charges against 13 former partners of accounting giant KPMG. The judge's...
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Filed in archive litigation
by leon on July 11, 2007
The number of securities class actions is down significantly, falling to well below average, according to a study by legal research firm Cornerstone Research and Stanford University Law School.So why...
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Filed in archive litigation
by leon on June 28, 2007
The world's biggest bank has been cleared of insider trading and conflicts of interest, but questions remain about the effectiveness of its so-called "Chinese walls".The Australian...
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Filed in archive litigation
by leon on June 15, 2007
In an extraordinary decision, the President has delivered a gift to Wall Street fat cats by refusing to back investors in a case that will affect the victims who had been defrauded by parties aiding...
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Filed in archive litigation
by leon on May 23, 2007
In a global economy, it's no surprise that international institutions are filing more class actions in the US. And the trend is expected to continue according to an ISS report Accountability goes...
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Filed in archive litigation
by leon on May 17, 2007
Earlier this year, I did an entry looking at Dell's accounting problems and how it had run into with the Securities and Exchange Commission.At the time, I suggested that Dell's accounting...
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Filed in archive litigation
by leon on May 07, 2007
Fascinating to watch the developments flow from the revelations in the Los Angeles Times last month about the legal dispute between writer Clive Cussler and Crusader Entertainment over that dog of a...
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Filed in archive litigation
by leon on April 24, 2007
At the end of last year I looked at how the Fannie Mae scandal had turned into litigation city with the mortgage giant suing its auditor KPMG and regulators going for the group's former...
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Filed in archive litigation
by leon on March 26, 2007
First day in court for the Australian regulator's lawsuit against Citigroup alleging conflicts of interest and insider trading.The case has attracted investment banks around the world worried....
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Filed in archive litigation
by leon on March 22, 2007
Some interesting new figures following the decision of the three-judge panel with the U.S. Fifth Circuit Court of Appeals to block the $40 billion investor class action against Enron.The data...
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Filed in archive litigation
by leon on March 21, 2007
Even by US standards, this piece of litigation is truly bizarre.Last week, all the attention was on reports that Viacom, Nickelodeon's parent company, had launched a $1 billion copyright...
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Filed in archive litigation
by leon on March 12, 2007
Interesting development in the Australian corporate regulator's insider trading conflict of interest lawsuit against Citigroup (that's Citigroup's Sydney headquarters in the photo).The...
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Filed in archive litigation
by leon on February 26, 2007
Get ready for a spate of age related law suits, warns this report.It's said to be an inevitable result of an ageing Workforce. Even those companies that don't think they discriminate might be...
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Filed in archive litigation
by leon on February 08, 2007
More developments this week in the Australian corporate regulator's lawsuit against Citigroup for insider trading and failing to manage the conflicts of interests involving its proprietary...
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