03/29/2012

Wells Fargo faces investors' class-action suit

The lawsuit, filed in 2010 by the City of Farmington Hills Employees Retirement System, a Michigan pension fund, on behalf of more than 100 other institutional investors, claimed breach of fiduciary duty and fraud. The investors sought to be allowed to pu

03/26/2012

Kai Herbert Sues JPMorgan Chase Over $3 Million Typo

The contract that Herbert agreed to said he would be paid 24 million rand or $3.1 million, but JPMorgan officials said they meant to put a decimal point between the two and the four, making his actual pay 2.4 million rand.

03/26/2012

Feds say Wells Fargo won't turn over documents

The Securities and Exchange Commission said in a statement Friday that Wells Fargo agreed to produce the documents under subpoenas dating to September of 2011, but the bank has failed to hand over much of the requested material.

03/22/2012

Deutsche Avoids Dodd-Frank Rule

Deutsche Bank AG changed the legal structure of its huge U.S. subsidiary to shield it from new regulations that would have required the German bank to pump new capital into the U.S. arm.

03/21/2012

How Facebook Billionaires Dodge Mega-Millions In Taxes

Moreover, Securities & Exchange Commission filings show Levchin still has 3.9 million shares of Yelp, now trading near $22, in his Roth. So it appears his tax-free “retirement” kitty is worth at least $95 million—and maybe a lot more

03/21/2012

Top US bank wins dismissal of Ponzi scheme accusations

The 9th U.S. Circuit Court of Appeals said on Tuesday that investors who bought fraudulent certificates of deposit from Millennium did not pursue all remedies with the Federal Deposit Insurance Corporation (FDIC) as required by federal law or show that JP

03/21/2012

Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top

03/15/2012

Klayman & Toskes continues action against UBS

The Securities Arbitration Law Firm of Klayman & Toskes has announced that it is continuing to pursue securities arbitration claims against UBS Financial Services UBS with the Financial Industry Regulatory Authority's ("FINRA") Office o