Tag:
Shareholder Suits
Latest Headlines
Latest Headlines
MF Global is gravy train for lawyers
These are tough times for employees at financial services firms, as layoffs are expected, probably sooner rather than later.
But these tough times, which feel like a double dip at least, is good news for lawyers--bankruptcy specialists, defense attorneys, plaintiffs' attorneys, regulatory spec
Whistleblowers to thrive on Wall Street?
We've noted before over on FierceComplianceIT that the new Dodd-Frank law contains some provisions that provide some big-time incentives for whistleblowers ( whistleblower news). Employees who provide the SEC ( SEC news) with original information that leads to a successful enforcemen
Investor lawsuit hits Goldman Sachs
Normally, shareholder suits would have a hard time commanding attention. But you have to wonder if this shareholder suit, seeking class action status of course, presages a whole bunch of similar suits against Goldman Sachs ( NYSE: GS ). We've noted that litigation in many forms will be one legac
On pay, shareholders vs. employees?
When it comes to executive pay, there's been a whole lot of opposition to the massive bonuses coming down the pike. Most of it has been at the political level. To be frank, the drive to pay such bonuses hasn't really been derailed. Merely the methods and PR aspects by which such payouts can be
Do shareholder suits make sense?
Something has been overlooked a bit in Judge Jed Rakoff's rejection of the SEC's $33 million settlement with Bank of America: The whole concept of shareholder suits.
One reason the judge rejected the deal was that the $33 million would be paid for by shareholders. Those shareholders were in f
Bank of America's role in Merrill's big Q4 loss
Bank of America's role in the massive losses at Merrill Lynch has been hotly debated. Shareholder suits have accused Bank of America CEO Ken Lewis of withholding information about a huge loss in the last quarter of 2008 ahead of a vote to approve the deal on December 5.
The Financial Times
Subprime crisis leads to litigation surge
Is there anyone who profited from the subprime crisis? Well, some hedge funds bet correctly of course, led by Paulson & Co. JPMorgan Chase's Jamie Dimon and the New York Fed's Tim Geithner each saw their status rise. Goldman Sachs was able to separate itself a bit from its investment banki
