Lehman Bros creditors issue JPMorgan suit May 26, 2010 LEHMAN Brothers Holdings and a group of unsecured creditors yesterday sued JPMorgan Chase for more than $5bn (£3.5bn), accusing the bank of siphoning billions of dollars of critically-needed assets, and hastening its bankruptcy. In a lawsuit filed in Manhattan bankruptcy court, the plaintiffs accused JPMorgan of extracting billions of dollars of collateral just before Lehman’s [...]
Goldman tops global M&A adviser table June 24, 2010 GOLDMAN Sachs has established itself as the most in-demand mergers and acquisitions adviser in the world over the first half of the year, brushing off concerns that the SEC’s high-profile fraud allegations would damage its reputation. Goldman, which trailed Morgan Stanley in the rankings at this point last year, leapfrogged its arch-rival comfortably during the [...]
Goldman tops global M&A adviser table June 24, 2010 GOLDMAN Sachs has established itself as the most in-demand mergers and acquisitions adviser in the world over the first half of the year, brushing off concerns that the SEC’s high-profile fraud allegations would damage its reputation. Goldman, which trailed Morgan Stanley in the rankings at this point last year, leapfrogged its arch-rival comfortably during the [...]
Paulson hires ex-SEC officials June 14, 2010 Hedge fund guru John Paulson has appointed a pair of former top dogs at the Securities and Exchange Commission to the board of Paulson & Co, just a few months after the firm was entangled in the commission’s fraud lawsuit against Goldman Sachs. Paulson, who is not accused of any wrongdoing in the case, named [...]
Lehman sues JP Morgan in assets dispute May 27, 2010 LEHMAN Brothers Holdings has sued JP Morgan Chase, accusing the bank of illegally siphoning billions of dollars of assets in the days leading up to the record bankruptcy. The lawsuit filed in a Manhattan bankruptcy court accused JP Morgan of using its “unparalleled access” to inside details of Lehman’s distress to extract $8.6bn (£5.9bn) of [...]
Lehman sues JP Morgan in assets dispute May 27, 2010 LEHMAN Brothers Holdings has sued JP Morgan Chase, accusing the bank of illegally siphoning billions of dollars of assets in the days leading up to the record bankruptcy. The lawsuit filed in a Manhattan bankruptcy court accused JP Morgan of using its “unparalleled access” to inside details of Lehman’s distress to extract $8.6bn (£5.9bn) of [...]
THE TIPSTER August 9, 2010 TOMORROW sees the latest interim results from FTSE 100 insurer Standard Life. Expectations are running high for a good performance with some market participants looking for underlying profits to have jumped ahead by 50 per cent in the first half of the year. After slipping to its worst levels in more than a year at [...]
Lehman sues JPMorgan Chase for billions May 27, 2010 LEHMAN Brothers Holdings Inc is suing JPMorgan Chase & Co – accusing the second-largest US bank of illegally siphoning billions of dollars of desperately-needed assets in the days leading up to its record bankruptcy. The lawsuit filed in Manhattan bankruptcy court accused JPMorgan of using its “unparalleled access” to inside details of Lehman’s distress to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2010 FINANCIAL TIMES RIO CLASHEs OVER THE RIGHTS TO MONGOLIAN COPPER MINE Tensions are rising between Rio Tinto and Canada’s Ivanhoe Mines over rights to a world-class copper deposit in Mongolia as the multinational mining group releases hundreds of millions of dollars to develop the mine over which it has limited control. Ivanhoe, which owns the [...]
Dodd-Frank offers whistleblowing incentives August 24, 2010 FAEGRE & BENSON LLP THE bell rings to open and close each day of Wall Street trading. But corporate ears now are on the listen for a different sound—the trill of whistles blown by employees bringing allegations of fraud to the SEC. The Dodd-Frank financial reform act introduces large monetary incentives for whistleblowers and shields [...]