In a letter to the Monitor, Northern Leasing issued a statement regarding the company’s settlement with the NY Attorney General. read more

MAR 12, 2013 - 7:35 am

The Pittsburgh Tribune-Review reported that a federal appeals court has refused to reduce the 15-year prison sentence of a former executive of LeNature's. read more

MAR 12, 2013 - 7:30 am

New York Attorney General Eric T. Schneiderman said his office has reached a multi-million dollar settlement with a group of New York City-based business equipment leasing companies that schemed to drain nearly $11 million from the bank accounts of small business customers. read more

MAR 8, 2013 - 7:35 am

Follow this story

According to a local news report, a federal appeals panel affirmed a judgment that awarded $2.4 million in damages to Caterpillar Financial in a case brought against People’s National Bank. read more

MAR 5, 2013 - 7:35 am

The Wall Street Journal reported that a federal bankruptcy judge approved the liquidation plan for Dewey & LeBoeuf, setting the stage for many creditors to begin recovering some of the hundreds of millions they are owed. read more

FEB 28, 2013 - 7:35 am

The SEC said it has obtained an emergency court order to freeze assets in a Zurich-based trading account that was used to reap more than $1.7 million from trading in advance of the public announcement of the Heinz acquisition. read more

FEB 19, 2013 - 7:05 am

Bloomberg reported that in just six months, S&P’s AAA blessing for a slice of a $1.5 billion CDO, underwritten by UBS AG, cost Citigroup its $15 million investment. read more

FEB 14, 2013 - 7:25 am

According to federal court documents, Roger Stephen Clary, owner and operator of Destination Adventures, pleaded guilty to one count of mail fraud for devising a scheme to defraud and obtain $1.6 million of a $4.5 million loan under false pretenses from Banc of America Leasing to acquire, outfit and lease six buses. read more

FEB 13, 2013 - 7:30 am

Law360 reported that noted trial attorney John Keker will represent S&P in a federal government suit alleging that it knowingly inflated ratings on residential mortgage-backed securities. read more

FEB 11, 2013 - 7:15 am

In a speech announcing the U.S. government’s lawsuit against S&P, Acting Associate Attorney General Tony West provides background and insights into the investigation that was tagged with the codename “Alchemy” by the Justice Department. read more

FEB 6, 2013 - 7:35 am

The total commercial bankruptcy filings in January 2013 fell to 3,728, representing a 26% decline from the 5,006 business filings recorded in January 2012, according ABI and Epiq Systems. read more

FEB 6, 2013 - 7:15 am

Bloomberg reported that McGraw-Hill and its S&P unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression. read more

FEB 5, 2013 - 7:35 am

According to the Miami Daily Business Review, a lawsuit filed by Palm Beach Finance Partners against GE Capital alleges GE learned about the Thomas Petters Ponzi scheme long before it was exposed but kept silent to get back outstanding debt. read more

JAN 28, 2013 - 7:30 am

Reuters reported that a Chinese mining equipment company at the center of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar. read more

JAN 28, 2013 - 7:10 am

The Wall Street Journal notes in an article on Caterpillar's announcement that it discovered accounting misconduct at its Chinese maker of mine-safety equipment that the event is indicative of the company’s struggle to establish a place in the “rough-and-tumble” China market. read more

JAN 22, 2013 - 7:30 am