JPMorgan will pay $595 million, while Morgan Stanley and Barclays will pay $230 million and $178 million, respectively
In the lawsuit, Rengan Rajaratnam, 45, said Galleon failed to pay him $8.3 million on profits
In the first fiscal year after the Initiative was announced, Rule 105 violations, detected through various means available to the SEC, decreased by approximately 90 percent over the previous six years.
Bill Gross claims a 'cabal' of executives were 'driven by a lust for power, greed, and a desire to improve their own financial position and reputaion'
PIMCO's parent, German insurer,Allianz SE's AZSEY U.S. unit - Allianz Asset Management of America L.P. - also stands as a defendant in the lawsuit, which is seeking at least $200 million in damages.
City National common stockholders may elect to receive, for their shares of City National common stock, cash, RBC common shares, or a combination of cash and RBC common shares.
In this quarterly report, we feature articles on important international tax developments around the world, written by our international tax lawyers based in the US, Asia and Europe.