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
Reuters reported that a federal judge approved a settlement that requires the insurer and former chairman of defunct law firm Dewey & LeBoeuf to pay $19.5 million to resolve claims that leaders mismanaged the firm. read more
MAY 31, 2013 - 6:25 am
The SEC charged the city of South Miami, FL with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district. read more
MAY 28, 2013 - 6:35 am
De Lage Landen said it has commenced litigation against Element Financial (USA) and a senior officer of Element alleging that the senior officer gained access to DLL’s computer system without DLL’s consent or knowledge. read more
MAY 23, 2013 - 6:35 am
Caterpillar and Mining Machinery announced that they have resolved all outstanding issues between them arising out of Caterpillar's acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing. read more
MAY 17, 2013 - 6:25 am