A federal grand jury indicted two NJ men on charges of conspiracy and wire fraud in connection with a scheme to defraud equity investors and asset-based lenders in medical accounts receivable of more than $275 million. read more
SEP 9, 2013 - 6:35 am
Total commercial bankruptcy filings in the U.S. for August 2013 fell 24% from the same period in 2012, according to the American Bankruptcy Institute citing data provided by Epiq Systems. read more
SEP 9, 2013 - 6:10 am
The Wall Street Journal reported that S&P escalated its legal battle with the U.S. Justice Department, accusing it of filing its $5 billion lawsuit against S&P in “retaliation” for the firm’s downgrade of America’s debt in 2011. read more
SEP 4, 2013 - 7:24 am
Equipment leasing and finance law firm Marks & Associates, formerly Marks & Weinberg, said it has added Matthew D. Evans as a new associate. read more
AUG 30, 2013 - 6:15 am
The Sydney Morning Herald reported that a former leasing manager at Macquarie Bank has been charged with defrauding the company of $1.2 million. read more
AUG 29, 2013 - 7:30 am
Reuters reported that JPMorgan Chase is in talks with regulators to settle probes of the bank's "London Whale" trading losses for about $600 million. read more
AUG 29, 2013 - 7:10 am
The WSJ reported that one of two former JPMorgan traders was arrested by Spanish police Tuesday. The article noted Javier Martin-Artajo, charged with hiding the London Whale losses, turned himself in to Madrid police. read more
AUG 28, 2013 - 7:15 am
Bloomberg reported that CIT Group is being sued in a trademark dispute by an IL-based truck dealership, which does business as CIT Group Inc., and CIT Group Leasing. read more
AUG 26, 2013 - 6:25 am
Bloomberg reported that Delaware Chancery Court Judge Leo Strine Jr. denied Carl Icahn’s bid to speed up proceedings in a lawsuit against computer maker Dell. read more
AUG 19, 2013 - 6:05 am
The SEC charged former JPMorgan traders, Javier Martin-Artajo and Julien Grout, with fraudulently overvaluing investments in order to hide massive losses in a portfolio they managed. read more
AUG 16, 2013 - 6:10 am
Bloomberg reported that Bruno Iksil, the former JPMorgan trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues. read more
AUG 13, 2013 - 7:35 am
New York A.G. Eric T. Schneiderman announced that his office has filed a lawsuit against Western Sky Financial for violations of NY’s usury laws. The companies have been charging interest rates from 89% to more than 355% to thousands of NY consumers. read more
AUG 13, 2013 - 7:30 am
Bloomberg reported that JPMorgan Chase is negotiating final terms of a deal with regulators to end a yearlong probe of derivative bets that led to the bank’s biggest trading loss ever. read more
AUG 9, 2013 - 6:20 am
The SEC charged Bank of America and two subsidiaries with defrauding investors in an offering of residential mortgage-backed securities by failing to disclose keys risks and misrepresenting facts about the underlying mortgages. read more
AUG 7, 2013 - 6:35 am
Reuters reported that the U.S. government, which is pursuing a $5 billion lawsuit accusing S&P of misleading investors, asked a federal judge to move similar cases by 15 U.S. states and the District of Columbia back to state courts. read more
AUG 5, 2013 - 4:05 pm