According to the Wall Street Journal, federal prosecutors are pursuing criminal cases against executives of Royal Bank of Scotland and J.P. Morgan Chase for allegedly selling flawed mortgage securities. read more

NOV 20, 2015 - 7:43 am

Reuters reported victims of Bernard Madoff’s Ponzi scheme can expect to receive $1.42 billion to help cover their losses. Reuters noted trustee Irving Picard has thus far recovered $10.9 billion of the $17.5 billion Madoff customers lost. read more

NOV 20, 2015 - 7:00 am

On Monday, the Federal Reserve Board barred Thomas A. Neely Jr., the former executive vice president and business services credit executive of Regions Bank, from participating in the affairs of any insured depository institution. read more

OCT 20, 2015 - 7:45 am

Reuters reported JPMorgan Chase shareholders won court permission to pursue their secuuities fraud lawsuit against the bank of the “London Whale” trading scandal as a class action. read more

SEP 30, 2015 - 7:45 am

According to Bloomberg, a German natural-gas storage company is suing Baker Hughes, accusing the oil field service company of supplying defective safety valves. read more

SEP 23, 2015 - 7:45 am

Blank Rome acted as legal counsel to J.F. Lehman in its acquisition of the Ravn Air Group, the largest regional air transportation provider in Alaska. read more

SEP 11, 2015 - 6:59 am

De Lage Landen and other investors were allegedly defrauded $3.5 million by Michael Conway, the president of Choice Office Solutions. read more

SEP 10, 2015 - 7:27 am

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Reuters reported that a federal judge dismissed a lawsuit brought by Ritchie Capital Management against GE Capital alleging of aid in a Ponzi scheme. read more

AUG 7, 2015 - 7:23 am

A California federal judge denied a motion to dismiss a RICO lawsuit from Northern Leasing and affiliate businesses brought on by business owners who claim that they were falsely persuaded into leasing credit card machines under undisclosed and onerous terms. read more

AUG 6, 2015 - 7:37 am

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The Irish Times reported that former Citi trader Tom Hayes was sentenced to 14 years in jail after he became the first person to be convicted by a jury of rigging Libor. read more

AUG 4, 2015 - 8:31 am

Bloomberg reported that one of the participants in a $1.5 billion term loan that JPMorgan Chase made to GM before its bankruptcy is now suing the bank and its lawyers at Simpson Thacher & Bartlett. read more

AUG 4, 2015 - 7:45 am

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According to the North Bay Business Journal, court appointed receiver Michael Kasolas proposed a $2.2 million dollar settlement to be disbursed among nearly 70 investors. read more

AUG 4, 2015 - 7:17 am

In a complaint filed in the U.S. District Court in New York on Thursday, 22 banks were accused of manipulating the market for Treasury securities. read more

JUL 24, 2015 - 7:23 am

Former Gulfstream executive Marvin Jay Caukin was sentenced to more than 11 years in prison for embezzling more than $10 million. read more

JUN 24, 2015 - 7:05 am

The Securities and Exchange Commission announced fraud charges against a New Jersey man accused of posing as a hedge fund manager and defrauding small companies out of more than $4 million. read more

JUN 12, 2015 - 7:38 am