Banks Ask N.Y. Judge to Throw Out Libor Antritust Suits

Plaintiffs including the City of Baltimore and New Britain Firefighters’ Benefit Fund sued the banks in 2011, contending they “suppressed” the Libor -- a key metric to set interest rates for trillions of dollars in financial instruments.


How the Big Banks Lost and Homeowners Won in California

The legislation, once signed by Governor Jerry Brown, could positively impact over 700,000 homeowners who are in the "foreclosure" pipeline. It's a BFD for California, but it may well be a BFD for the rest of the country.


Ex-Lehman broker must pay $904,000 in bonus flap

A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.


U.S. Trustee Faults Dewey Plans to Hire Advisers

Proskauer Rose LLP may have conflicts as it hired former Dewey lawyers, public relations firm Sitrick & Co. may not be needed for bankrupt Dewey’s liquidation, and several firms’ duties would overlap, Tracy Hope Davis said in a filing in U


US hedge fund billionaire sued

It also said Falcone illegally manipulated bond prices, traded preferential treatment to investors who backed a controversial board initiative, and broke restricted period trading rules in three initial public offerings to make money on short sales.


IRS offshore tax programs pull in $5 billion

About 1,500 taxpayers have come forward to report a foreign-based account under the current program, which started in January, while 33,000 taxpayers came forward under the first two programs — one in 2009, another in 2011.