01/26/2012

Hedge funds prepare legal battle with Greece

This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.

01/26/2012

Merrill Lynch Fined $1 Million for Bonus Clawbacks

“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre

01/25/2012

Prosecutor: Stanford stole investors' money

But one of Stanford's attorneys told jurors the financier was a resourceful businessman whose financial empire, which spanned the U.S., the Caribbean and Latin America, was real and paid investors every penny that was promised to them.

01/24/2012

Freshfields launches financial investors group

Private equity firms, including Blackstone Group, are also becoming alternative asset managers and broadening their activities beyond typical private equity firms, Higgins added.

01/22/2012

Dexia sues JP Morgan over $1.7bn in mortgage bonds alleging fraud

Dexia in October agreed to split itself when its interbank lending sources dried up amid the Europe's stressed economies. Dexia had come to rely heavily on short-term lending and government support after it was battered by the financial crisis, partl

01/17/2012

Proskauer funds team takes key clients from SJ Berwin

HgCapital, the mid-market private equity house, is one of two key fund formation clients transferring its mandates to Proskauer, where relationship partner Nigel van Zyl began work earlier this month.

01/12/2012

Top legal finance group spins off from Credit Suisse

Parabellum will be run by former members of the Credit Suisse Legal Risk Strategies & Finance team, led by Aaron Katz. The spinoff from Credit Suisse will allow Parabellum to grow and broaden its product lineup without operating under the constraints

01/11/2012

IRS revives offshore tax dodger forgiveness

Two previous IRS programs, in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency.

01/09/2012

US-based family offices starts the regulatory countdown

If any family offices are still unsure about their exempt status, they need to act soon: Nonexempt family offices have until March 30 to either register with the SEC or restructure to conform with exemption requirements.

01/04/2012

Bear Stearns trustee sues JPMorgan over mortgage securities

US Bank NA wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding the Bear Stearns Asset Backed Securities Trust 2005-4, for which it serves as trustee.