Litigation/Liability Trends
BofA CEO Moynihan, Ex-CEO Lewis Face Mortgage Disclosures Lawsuit
A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp. Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of misleading shareholders about the ...
Supreme Court Limits U.S. Courts’ Jurisdiction in Foreign Human Rights Cases
In a closely watched ruling that left questions unanswered, the U.S. Supreme Court said on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused ...BofA Reaches Record $500M Settlement With Investors On MBS
Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to ...
M&A Leaks Fall As Regulators Get Tough, Deals Drop
Increased vigilance among regulators and a subdued market for takeovers have deterred investment bankers from leaking information about deals, according to an international study published on ...Benchmark Interest Rate Setters Can’t Use Estimates: Regulator
Global benchmark interest rates should be based on actual transactions rather than estimates, the top global securities regulatory body said on Tuesday, after a spate of rate-rigging scandals knocked ...SEC’s Aguilar Urges End To Mandatory Arbitration Deals By Brokerages
A top U.S. securities regulator on Tuesday urged the government to consider adopting new rules that would prohibit or restrict brokerages and advisers from forcing customers to sign away their right ...U.S. Regulator To Fault JPMorgan Over Madoff Accounts: Reuters Report
U.S. regulators plan to fault JPMorgan Chase & Co, which served as Bernie Madoff's main bank for two decades, for failing to conduct adequate due diligence and report suspicious activity, ...
Preview: U.S. Top Court Weighs Patentability Of Human Genes
Soon after learning that his son had autism, Hollywood producer Jon Shestack ("Air Force One") tried to get researchers investigating the genetic causes of the disorder to pool their DNA samples, the ...