The Department of Justice announced that a federal jury in NYC convicted three former UBS AG executives for their participation in frauds related to bidding for contracts for the investment of muni bond proceeds and other municipal finance contracts. read more

SEP 4, 2012 - 7:35 am

An article published on Law360.com reported that K&L Gates asked the PA Supreme Court to review a lower court's decision reviving a $500 million malpractice case by the liquidating trustee of Le-Nature's accusing the firm of failing to uncover massive fraud at the now-defunct company. read more

AUG 29, 2012 - 7:35 am

According to bankruptcy court documents, Hawker Beechcraft is seeking more time to file a Chapter 11 plan and to solicit acceptances of the plan for each debtor entity. read more

AUG 21, 2012 - 7:00 am

The Wall Street Journal reported that former partners from defunct law firm Dewey & LeBoeuf have agreed to give back at least $50 million in past earnings in exchange for immunity from lawsuits. read more

AUG 17, 2012 - 7:25 am

Northern Leasing Systems said the New York Supreme Court has ruled in favor of the company, granting its motion to decertify a class of hundreds of thousands of merchants in a breach of contract class action brought against the company by four lessees. read more

JUL 20, 2012 - 8:35 am

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Reuters reported that former JPMorgan Chase banker Alexander Wright pleaded guilty to fraudulently rigging a municipal finance contract that was tied to a bond offering for a NJ state healthcare facility. read more

JUL 19, 2012 - 7:30 am

Hawker Beechcraft said that the U.S. Bankruptcy Court for the Southern District of New York has approved the company's motion to enter into exclusive negotiations with Superior Aviation Beijing. read more

JUL 18, 2012 - 7:05 am

Total commercial bankruptcy filings during the first six months of the year decreased 22% from filings during the same period in 2011, according to data provided by Epiq Systems. read more

JUL 6, 2012 - 7:30 am

According to documents filed in the U.S. Bankruptcy Court for the District of Delaware, 38 Studios, former Red Sox pitcher Curt Schilling's video game company, owes NFS Leasing $1.3 million for computer equipment, peripherals and software. read more

JUL 2, 2012 - 7:25 am

Capital One said its former senior executives John A. Kanas and John Bohlsen have agreed to pay $20 million to settle claims that they breached the terms of certain non-complete arrangements. read more

JUN 20, 2012 - 7:35 am

The Connecticut Law Tribune reported that the group of equipment lessors involved in the Dewey & LeBoeuf bankruptcy is opposing the use of cash collateral to fund its Chapter 11 bankruptcy. read more

JUN 11, 2012 - 7:35 am

Bloomberg reported that a former CitiMortgage vice president won a $31 million reward out of a $158.3 million settlement paid by Citigroup for violating U.S. mortgage regulations. read more

JUN 6, 2012 - 7:20 am

According to documents filed with the U.S. Bankruptcy Court, Southern District of New York, Winthrop Resources, U.S. Bank Equipment Finance and SunTrust are owed a combined $46.8 million in the Dewey & LeBoeuf bankruptcy case.

Winthrop Resources, U.S. Bank Equipment Finance and SunTrust are owed $35.5 million, $7.7 million and $3.5 million, respectively. JPMorgan Chase, as collateral agent to noteholders, is named an unsecured creditor owed $150 million. In addition, the law firm owes JPMorgan Chase and a group of secured lenders $76.5 million. read more

JUN 1, 2012 - 4:00 pm

A former home appraisal manager, who blew the whistle on widespread fraud at Countrywide Financial, received $14.5 million as a reward for his role in providing inside information that led to a $1 billion settlement between BofA and the U.S. government. read more

MAY 30, 2012 - 7:30 am

Reuters reported that Michael Woodford, ousted as head of Japanese camera and medical equipment maker Olympus, won a likely multi-million dollar settlement of his claim for unfair dismissal. read more

MAY 30, 2012 - 7:20 am