Lawsuit
UBS could face lawsuits after rogue-trading losses
Management failures could leave bank liable
Bank of America faces more lawsuits as Texas sues Merscorp
Mortgage record company and its shareholders 'left $58m fees unpaid', suit says
CFTC and SEC facing legal anxiety over cost-benefit analyses
Cost-benefit paralysis
Deloitte sued for $7.6 billion after ignoring 'red flags' in TBW fraud
Deloitte has been sued by TBW's bankrupty trustee and a TBW subsidiary for $7.6 billion in losses, after failing to detect fraud in the mortgage lender
Libor manipulation lawsuits hit banks
Libor in a fix?
Former BA trustees vow court battle over move to CPI
The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in line with RPI inflation
Hearing on Libor class action venue due
US dollar Libor banks could find out details of a class action lawsuit against them as early as August
Libor fix?
At least 12 lawsuits alleging manipulation of Libor have been filed since April, and six different authorities – including the US Department of Justice – are investigating. But how would manipulation work in practice, and is there any evidence of it so…
CDO ratings arbitrage “reasonable and justifiable”, UK court finds
CDO ratings arbitrage ‘reasonable and justifiable’, finds UK court
Planning for bankruptcy of a major counterparty
Backup plan
‘Bizarre’ $555bn derivatives lawsuit in India rumbles on
Litigation claims fraud perpetrated by foreign banks and the RBI
Citigroup rejects discrimination claims as lawsuit launched
Bank accused of suffering from a 'boys’ club' mentality
Singapore court dismisses investor claims against Standard Chartered over Lehman notes
A claim against Standard Chartered Bank in Singapore has been dismissed by a local court. The lawsuit was based on Lehman Brothers structured products bought from from American Express Bank, which Standard Chartered acquired in 2008.
SEC mandate over rating agencies strengthened by Dodd-Frank
Closure of SEC investigation into Moody's demonstration of the regulator's new powers under Dodd-Frank
Banks face suit over mis-sold subprime loans
Cambridge Place Investment Partners accuses 15 banks of mis-selling.
Spotlight on Goldman
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging it had misled clients by not disclosing that a major hedge fund had helped select the underlying assets in a collateralised debt obligation and was…
Goldman preps for reputational fallout from CDO lawsuits
SEC civil action could prompt deluge of shareholder actions
Valukas' findings challenged by Lehman lawsuit against JP Morgan
Intra-day credit debate re-surfaces as Lehman Brothers Holdings (Inc) (LBHI) accuses JP Morgan of coercing it into agreements that allowed JP Morgan to get hands on collateral
Responding to data theft
Secrets and lies
Goldman charged over CDO role
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging the firm misled clients. Some observers suggest the action may not be successful, but criticise Goldman’s behaviour. By Mark Pengelly and Duncan Wood
Goldman criticised over CDO after SEC lawsuit
Goldman Sachs has been sharply criticised for arranging a synthetic collateralised debt obligation (CDO) at the centre of a lawsuit filed by the US Securities and Exchange Commission (SEC) last week.
Lehman takes aim at guarantee claims
Lehman Brothers Holding Inc (LBHI) confirmed yesterday in its bankruptcy disclosure statement that there are doubts over the validity of third-party and affiliate guarantee claims that cite a pledge by the holding company to take on its subsidiaries'…