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Legal And Regulatory CalendarThursday, Jul 03, 2008Our daily calendar of events lists conferences and hearings scheduled to take place in the next four weeks. Rule Change Could Decrease Funds To Bankrupt PlansThursday, Jul 03, 2008The Pension Benefit Guaranty Corp. has proposed a rule that would peg the termination date of a single-employer plan whose sponsor declares bankruptcy to the bankruptcy date for some purposes. This would likely reduce the funds paid out to plan participants. New Century Liquidation Plan ApprovedThursday, Jul 03, 2008Bankrupt New Century Financial Co., once the second-largest subprime lender in the country, has won approval of its liquidation plan. Judge Approves Settlement Class In Parmalat CaseThursday, Jul 03, 2008A district court judge has clarified the terms of the $40 million settlement reached in the class action against Italian dairy giant Parmalat SpA, defining a settlement class and scheduling a settlement hearing. Judge Sentences Ex-Refco CEO To 16 Years In JailThursday, Jul 03, 2008Former Refco Inc. Chief Executive Phillip Bennett was sentenced Thursday to 16 years in prison for masterminding the massive fraud that brought down the world's largest commodities brokerages. BofA Scores Markman Win In 'Keep The Change' SuitThursday, Jul 03, 2008In a blow to a suit targeting Bank of America Corp.'s "Keep the Change" program, a magistrate judge has recommended that a district court adopt the bank's claim constructions regarding a patent for a system that lets consumers round off credit card transactions and bank the change in a savings account. Judge Allows $90M In Claims Against New CenturyWednesday, Jul 02, 2008The bankruptcy judge overseeing the Chapter 11 case of New Century TRS Holding Corp. has approved an agreement that will allow the payment of more than $90 million in claims to Bank of America NA. Hedge Fund Owner Settles SEC Case For $5MWednesday, Jul 02, 2008A hedge fund manager agreed Tuesday to pay more than $5 million as part of a settlement with the U.S. Securities and Exchange Commission, which alleged he helped his bosses embezzle tens of millions of dollars in investors' cash. Israel, Not Dead, Surrenders To AuthoritiesWednesday, Jul 02, 2008Samuel Israel III surrendered to Southwick, Mass., authorities Wednesday morning, a few weeks after faking his suicide in an attempt to avoid serving a 20-year sentence for spearheading a $450 million fraud at the bankrupt Bayou Group LLC hedge fund. 9th Circ. Revives LendingTree Insider Trading CaseTuesday, Jul 01, 2008In a victory for the U.S. Securities and Exchange Commission, an appeals court has reversed a lower court's grant of summary judgment to a former director of Fidelity National Financial Inc. who was accused of trading on insider information about Fidelity's acquisition of LendingTree Inc. Accenture Slapped With ERISA Class ActionTuesday, Jul 01, 2008A former employee has filed an Employee Retirement Income Security Act class action against global management consulting company Accenture LLP alleging that plaintiffs have been unlawfully deprived of benefits under the company's retirement plan. Schulte Roth Gains Five Lawyers, D.C. OfficeTuesday, Jul 01, 2008Corporate law firm Schulte Roth & Zabel LLP has poached three partners and two special counsel from the securities practices of Dickstein Shapiro LLP and Morgan, Lewis & Bockius LLP to form the backbone of a brand-new Washington, D.C., office. Fla. AG Sues Countrywide For Misleading BorrowersTuesday, Jul 01, 2008Florida Attorney General Bill McCollum has sued Countrywide Financial, one of the nation's largest mortgage companies, for misleading Florida homeowners into purchasing mortgages they could not afford. Goody's Clothing Gets $175M DIP LoanTuesday, Jul 01, 2008Bankrupt retailer Goody's Family Clothing Inc. has received a $175 million debtor-in-possession credit facility from General Electric Commercial Finance Corporate Lending. Ernst & Young Hit With Suit Over Software ValuationTuesday, Jul 01, 2008A Canadian software-holding company hit Ernst & Young LLP with a lawsuit Friday, claiming that the consulting firm misjudged the value of a software application in 1993 and as a result, lost the company over $10 million. State Street Hit With Suit Over Subprime LossesTuesday, Jul 01, 2008A shareholder has launched a putative class action against State Street Corporation and State Street Global Advisors, accusing them of making false statements and material omissions in communications pertaining to the sale of shares in one of their funds. Judge Won't Let Broker Intervene In Merrill CaseTuesday, Jul 01, 2008In the latest development in the long-running class action against Merrill Lynch & Co., a district court judge has denied a former Merrill Lynch broker's motion to intervene as lead plaintiff in the case that accuses the bank of providing research reports containing falsely positive information. 11th Circ. Vacates Restitution In Wilshire CaseTuesday, Jul 01, 2008A federal appeals court has vacated about $150,000 in restitution ordered against broker Wilshire Investment Management Corp. for allegedly misleading investors but has upheld other relief in the case. Visa Revises Debit Card Rules In Wake of DOJ ProbeTuesday, Jul 01, 2008In the wake of an antitrust investigation by the U.S. Department of Justice, Visa Inc. has agreed to drop rules that required retailers to treat Visa's debit cards differently when customers authorized purchases with a personal identification number instead of a signature. Delaware To Hear Proxy-Cost Fight CaseTuesday, Jul 01, 2008The Delaware Supreme Court has agreed to rule on whether companies have to reimburse shareholders for the costs of even partially successful short-slate proxy contests. |
 New Century Liquidation Plan ApprovedThursday, Jul 03, 2008Judge Approves Settlement Class In Parmalat CaseThursday, Jul 03, 2008BofA Scores Markman Win In 'Keep The Change' SuitThursday, Jul 03, 2008Judge Allows $90M In Claims Against New CenturyWednesday, Jul 02, 2008Hedge Fund Owner Settles SEC Case For $5MWednesday, Jul 02, 20089th Circ. Revives LendingTree Insider Trading CaseTuesday, Jul 01, 2008Accenture Slapped With ERISA Class ActionTuesday, Jul 01, 2008Fla. AG Sues Countrywide For Misleading BorrowersTuesday, Jul 01, 2008 Rule Change Could Decrease Funds To Bankrupt PlansThursday, Jul 03, 2008Senators Rebuke Cox, Bernanke, PaulsonMonday, Jun 30, 2008House Bill Directs CFTC To Use Emergency PowersFriday, Jun 27, 2008SEC Accepts Proposals On Credit Ratings, AnnuitiesWednesday, Jun 25, 2008Ex-U.S. Attorneys Back Attorney-Client Privilege BillTuesday, Jun 24, 2008SEC Extends SOX Compliance Deadline AgainMonday, Jun 23, 2008Senators Float 3 Measures For Curbing SpeculationThursday, Jun 19, 2008NYSE Proposes Revised Rules For Specialist TradersMonday, Jun 16, 2008 Schulte Roth Gains Five Lawyers, D.C. OfficeTuesday, Jul 01, 2008Ropes & Gray Adds 3 Attorneys To Chicago OfficeMonday, Jun 30, 2008Dykema Sweeps Up Most Of Schwartz CooperMonday, Jun 30, 2008K&L Gates, Kennedy Covington To Merge July 1Tuesday, Jun 24, 2008Ex-Bear Stearns Exec Joins K&L GatesTuesday, Jun 17, 2008Ex-Judge Leaves Greenberg Traurig For OtterbourgTuesday, Jun 17, 2008Newly Hired Nixon Peabody Partner Jumps To DechertThursday, Jun 12, 2008Fox Rothschild Expands S.F. Litigation TeamTuesday, Jun 03, 2008 |
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