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

The Federal Energy Regulatory Commission said it approved an agreement under which JP Morgan Ventures Energy will pay $410 million in penalties for allegations of market manipulation stemming from the company’s bidding activities in electricity markets. read more

JUL 31, 2013 - 6:25 am

The Wall Street Journal reported that three former UBS executives who were convicted on fraud and conspiracy charges related to the bidding for contracts for the investment of municipal bond proceeds were sentenced to prison terms and fined. read more

JUL 25, 2013 - 6:20 am

Bloomberg reported that Detroit’s police and fire pensions lost a bid that would delay the city’s $18 billion bankruptcy. read more

JUL 23, 2013 - 6:00 am

The SEC said it has charged the city of Miami and its former budget director with securities fraud in connection with several municipal bond offerings and other disclosures made to investors. read more

JUL 22, 2013 - 6:15 am

McKenna Long & Aldridge announced it advised Element Financial in its acquisition of Bush Truck Leasing from its founder, Michael Bush. read more

JUL 19, 2013 - 2:15 pm

The Detroit Free Press reported that the City of Detroit has filed for Chapter 9 bankruptcy protection, ranking the event as the largest municipal bankruptcy in U.S. history. read more

JUL 19, 2013 - 6:30 am

Reuters reported that a U.S. federal judge has ruled that the U.S. government may pursue its $5 billion civil fraud lawsuit accusing S&P of misleading investors by inflating credit ratings. read more

JUL 17, 2013 - 6:30 am

According to the UK’s Serious Fraud Office, Terry Farr and James Gilmour, former brokers at RP Martin Holdings, have been charged with offenses of conspiracy to defraud in connection with an investigation into the manipulation of LIBOR. read more

JUL 17, 2013 - 6:25 am

The Wall Street Journal reported that U.S. District Judge David O. Carter said he would tentatively allow the Justice Department's lawsuit against S&P to move forward. read more

JUL 9, 2013 - 7:20 am

Bloomberg reported that S&P will defend itself in the government's fraud case against the ratings agency by arguing reasonable investors would not have relied on its “puffery” about credit ratings. read more

JUL 8, 2013 - 7:20 am

Bloomberg reported that the U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against S&P over ratings on residential mortgage-backed securities. read more

JUN 25, 2013 - 6:35 am

Attorney and Monitor contributor Jeffrey Wurst testified before the American Bankruptcy Institute Commission to Study the Reform of Chapter 11. The ABI invited Wurst to testify in response to his recent article in Monitor sister publication ABF Journal "Is Chapter 11 Still a Viable Option?" read more

JUN 11, 2013 - 1:15 pm

Reuters reported that S&P and its parent company McGraw Hill Financial won a ruling that moves 15 lawsuits in which they were accused of fraudulently inflating credit ratings to a single federal court. read more

JUN 7, 2013 - 6:10 am

The SEC announced it charged PACCAR and its subsidiary, PACCAR Financial, for various accounting deficiencies that clouded their financial reporting to investors in the midst of the financial crisis. read more

JUN 5, 2013 - 6:40 am