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Feds Convict Options Trading Pipe Bomber
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May 7, 2012 @ 7:16 am |
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On Jan. 26, 2007, two packages were each mailed from the Rolling Meadows Post Office, northwest of Chicago, IL. One package was addressed to an individual at Janus Small Cap, Denver, CO (thereafter forwarded unopened by Janus to a related investment entity in Chicago); and the other to an individual at American Century, Kansas City, MO. Each parcel contained a pipe bomb (which authorities recovered upon notification) and a letter stating:...
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Whistleblower Claims Sprint - Nextel Owes NY $300 Million In Back Taxes
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May 5, 2012 @ 9:30 pm |
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by Brian Mahany
Wireless giant Sprint - Nextel has been accused of defrauding New York tax authorities out of $100,000,000. Under New York’s false claim law, the phone company could also be liable for treble (triple) damages and legal fees. The case is the first whistleblower case filed in the state over aleged unpaid taxes.
Under N.Y,’s law, a whistleblower with inside information can file a suit in state court on behalf of the government. If the state likes the case, it can adopt the case and take over. The whistleblower is entitled to up to 25% of whatever the g...
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Armour et alia on Delaware Corporate Litigation
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May 5, 2012 @ 10:09 am |
Delaware Corporate Litigation and the Fragmentation of the Plaintiffs’ Bar, by John Armour, University of Oxford - Faculty of Law; University of Oxford - Said Business School; European Corporate Governance Institute (ECGI); Bernard S. Black, Northwestern University - School of......
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Wilmarth on Narrow Banking
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May 5, 2012 @ 10:03 am |
Narrow Banking: An Overdue Reform that Could Solve the Too-Big-To-Fail Problem and Align U.S. And U.K. Regulation of Financial Conglomerates, by Arthur E. Wilmarth Jr., George Washington University Law School, was recently posted on SSRN. Here is the abstract: This......
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 Victims of "Three Hebrew Boys" $80 Million Ponzi Scheme Receive Distribution Checks Totaling Nearly Half of Their Investment
- The court-appointed receiver of the Three Hebrew Boys Ponzi scheme has
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Facebook expected to price at $38 and#8212; minimum
- Facebook Inc. is close to pricing its initial public offering for at least $38 a...
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Erica Williams Named SEC's Deputy Chief of Staff
- FOR IMMEDIATE RELEASE
2012-97
Washington, D.C., May 17, 2...
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James Burns Named Deputy Director in SEC's Division of Trading and Markets
- FOR IMMEDIATE RELEASE
2012-96
Washington, D.C., May 17, 2...
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SEC Charges Seattle-Based Fund Manager for Secretly Diverting Client Funds to His Own Start-Up Companies
- FOR IMMEDIATE RELEASE
2012-95
Washington, D.C., May 17, 2...
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SEC close to naming temporary watchdog: Sources
- FDIC inspector general Jon Rymer is said to be in final discussions to temporari...
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SEC looking at hedge fund as part of CDO inquiry
- Regulators are investigating Magnetar Capital for its role in putting together p...
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Yorkville High Income MLP ETF (YMLP) Declares First Quarterly Distribution
- NEW YORK--(BUSINESS WIRE)--The Yorkville High Income MLP ETF (NYSE: YMLP) declar...
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Alternatives funds finally catching on and#8212; but are they the wrong ones?
- Fund companies are increasingly cranking out mutual funds that invest in alterna...
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Rhode Island Attorney Admits to Mortgage Ponzi Scheme
- A Rhode Island attorney faces as much as seventy years in prison after
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MF Global clients bash fat fees, seek quick wind-down
- A customer group plans to ask that the brokerage's bankruptcy case be streamline...
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SEC charges fund manager with fraud
- A federal grand jury indicted a former chairman of a national financial planning...
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Schwab to hold off enforcing class action waivers
- The brokerage plans to wait until the end of a FINRA disciplinary proceeding bef...
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MBIA solvency analysis was flawed, banks argue
- A consulting firm hired to analyze the bond insurer's health missed a "sizeable"...
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Gupta trial could feature big corporate stars
- Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate Ame...
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CFTC expected to ease trading curbs - sources
- The move allows the embattled agency to show it is listening to industry concern...
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Corporate settlement policy unlikely to be changed by Congress
- Officials from four agencies told lawmakers that requiring admissions of miscond...
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Lawmakers seek info in Wal-Mart corruption probe
- Two congressional Democrats asked to speak with a former top executive who urged...
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Breaking News: Lloyds Bails on Allied Home Mortgage
- by Brian Mahany
By now, most of our readers and many in the mortgage i...
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Two Guilty in $12 Million Ponzi Scheme
- A federal jury returned a
SEC Eyes Dendreon, Possibly Over Provenge Launch
- Dendreon Corp. has recently become the subject of a U.S. Securities and Exchange...
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Schwab to close brokersXpress: Sources
- Sources say Charles Schwab is shutting down brokersXpress. According to people f...
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German Bank Slams Barclays With $133M MBS Suit
- DZ Bank AG hit Barclays Bank PLC and several affiliates on Tuesday with a suit i...
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Don King's Co. Sends Rothstein Clawback To District Court
- A fraudulent transfer suit brought against Don King Productions Inc. by the Chap...
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SEC Charges U.S. Perpetrators in $35 Million International Boiler Room Scheme
- FOR IMMEDIATE RELEASE
2012-93
Washington, D.C., May 16, 2...
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Repsol Hits Argentina With US Class Action In YPF Fight
- Spanish oil giant Repsol YPF SA hit Argentina with a proposed class action in Ne...
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Gupta Loses Bid To Keep Rajaratnam Wiretap From Jury
- A federal judge on Wednesday refused former Goldman Sachs Group Inc. director Ra...
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Suits Over JPMorgan's $2B Loss Could Haunt Bank
- JPMorgan Chase & Co. investors hit the bank with securities fraud class actions ...
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Top House Republican Questions JPMorgan Uproar
- A top House Republican on Wednesday backed JPMorgan Chase & Co. following the ba...
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Ex-Morgan Stanley Legal Chief Rejoins Ranks At Cravath
- Longtime Cravath Swaine & Moore LLP securities and antitrust partner Francis P. ...
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Born to Steal: When the Mafia Hit Wall Street
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Scam Dogs and Mo-Mo Mamas: Inside the Wild and Woolly World of Internet Stock Trading
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