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5 Jan 2012, 12:48 pm
” The groups on Thursday made public a letter sent last month to Christine Lagarde, IMF’s managing director, asking her to pass on their concerns within her organization and to her counterparts at the European Commission and the European Central Bank. [read post]
5 Jan 2012, 6:40 am
In Central States, Southeast and Southwest Areas Pension Fund v. [read post]
5 Jan 2012, 6:21 am
From the editors of the Yale Journal of International Law: For over 40 years, the World Bank’s International Center for the Settlement of Investment Disputes (ICSID) has offered investors and states a unique arbitration mechanism, which trades off diplomatic protection on behalf of investors in return for commitments by host states to arbitrate investment disputes at the initiative of the investor. [read post]
4 Jan 2012, 3:00 am
(0) Second Circuit, Sharing District Court’s “Irritation” at Argentina’s Refusal To Pay Its Creditors, Nonetheless Finds Central Banking Assets Immune from Attachment (0) Second Circuit Finds Abuse of Discretion in District Court’s Failure To Follow “Basic Proposition” of First-Filed Priority, Requiring Decade-Old Litigation To Continue – Is More Going On? [read post]
4 Jan 2012, 12:33 am
Taking into account both federal and state lawsuit filings, M&A-related lawsuits now outnumber federal securities lawsuit filings and M&A-related litigation is now the lawsuit of choice for many plaintiffs’ securities attorneys. [read post]
3 Jan 2012, 3:29 pm
As reported by the The Wall Street Journal and other news sources last week, documents released by the Florida Attorney General's Office provide an insider's glimpse into the Florida state qui tam action against Bank of New York Mellon Corporation (Mellon Bank). [read post]
3 Jan 2012, 5:06 am
Court of Appeal (Civil Division) Tim Martin Interiors Ltd v Akin Gump LLP [2011] EWCA Civ 1574 (21 December 2011) Padden v Bevan Ashford Solicitors [2011] EWCA Civ 1616 (21 December 2011) Kinnear v Whittaker [2011] EWCA Civ 1609 (21 December 2011) Q (A Child) [2011] EWCA Civ 1610 (21 December 2011) Delaney v Pickett & Anor [2011] EWCA Civ 1532 (21 December 2011) Lanes Group Plc v Galliford Try Infrastructure Ltd (t/a Galliford Try Rail) [2011] EWCA Civ 1617 (21 December 2011) Maioriello &… [read post]
3 Jan 2012, 12:28 am
National Australia Bank case would result in a reduction in litigation involving non-U.S. [read post]
30 Dec 2011, 3:17 pm
Second, the SEC was either already aware that Citigroup was planning to move to dismiss rather than to answer or could have readily found this out by calling counsel for the bank. [read post]
30 Dec 2011, 9:14 am
The banks, it seems, are softer targets than one might expect because so many cases are rife with legal irregularities and outright criminality. [read post]
30 Dec 2011, 8:30 am
The IMF said in November that lenders face a “steady build-up of financial sector vulnerabilities”, warning if hit with multiple shocks, “the banking system could be severely impacted”. [read post]
29 Dec 2011, 4:53 pm
On December 21, 2011 the United States Department of Justice filed a complaint against Bank of America units Countrywide Financial Corporation and Countrywide Home Loans Inc. in the United States District Court for the Central District of California alleging Countrywide engaged in a pattern and practice of discrimination against borrowers on the basis of race and national origin. [read post]
29 Dec 2011, 3:12 pm
Our foreign reserves are basically falling every day,” said Li Yang, a former central bank rate-setter. [read post]
29 Dec 2011, 1:23 pm
You and I wouldn’t expect to keep the stolen cash if we robbed a bank, so why do these employers keep some of their ill-gotten gains when robbing the government? [read post]
29 Dec 2011, 10:27 am
Chairman Mary Schapiro stated that she "remain[ed] committed to finding a way to make it easier for shareholders to nominate candidates to corporate boards," but also noted that "I want to be sure that we carefully consider and learn from the Court's objections as we determine the best path forward. [read post]
28 Dec 2011, 9:29 am
That said, I doubt China’s central bank can do as well, because command-and-control doesn’t work well against a market in panic, especially an illiquid market in panic. [read post]
27 Dec 2011, 8:00 am
Espinoza allows companies to assert that the sought after documents are not "essential" or "central" to the stated purpose, a standard that will often be difficult to meet at the pleading stage. [read post]
27 Dec 2011, 8:00 am
Espinoza allows companies to assert that the sought after documents are not "essential" or "central" to the stated purpose, a standard that will often be difficult to meet at the pleading stage. [read post]
27 Dec 2011, 8:00 am
Espinoza allows companies to assert that the sought after documents are not "essential" or "central" to the stated purpose, a standard that will often be difficult to meet at the pleading stage. [read post]
27 Dec 2011, 2:00 am
According to The Blog of Legal Times, this case is the largest-ever fair lending suit, with an estimated 200,000 victims within 41 states and in Washington D.C. [read post]