Search Results for: U.S. District Court
Bank of NY Mellon must face lawsuit over $1.12 billion mortgage loss
March 4th, 2016
Bank of New York Mellon Corp (BK.N) must face a lawsuit seeking to hold it liable for causing $1.12 billion (£790.7 million) of investor losses by failing to properly monitor five trusts backed by toxic residential mortgages, a Manhattan ...
Microsoft, Google Join Rivals to Back Apple in FBI Fight
March 4th, 2016
Tech competitors argue privacy, security threatened in case San Bernardino shooting victim among those supporting Apple Tech giants including Microsoft Corp. and Google set aside often fierce rivalries to back Apple Inc. in its fight against a judge’s order ...
CFTC charged Asset Management firm and its owners
February 24th, 2016
CFTC Charges Florida-Based North American Asset Management, LLC, Alexi Bethel, and Steven Labadie with Engaging in Illegal, Off-Exchange Precious Metals Transactions The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil injunctive enforcement action in the ...
Operators of Bitcoin Mining Operation Butterfly Labs Agree to Settle FTC Charges
February 19th, 2016
Butterfly Labs and two of its operators have agreed to settle Federal Trade Commission charges that they deceived thousands of consumers about the availability, profitability, and newness of machines designed to mine the virtual currency known as Bitcoin, and ...
HSBC Sued Over Drug Cartel Murders After Laundering Probe
February 10th, 2016
Civil action claims traffickers committed terrorist acts Bank accused of aiding and abetting Sinaloa, other cartels Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths ...
Apple ordered to pay $625 million in patent dispute
February 4th, 2016
Apple ordered to pay $625 million in patent dispute with VirnetX Apple Inc must pay VirnetX Holding Corp more than $625 million (428 million pounds) for using the patent licensing company’s Internet security technology without permission in its FaceTime ...
CFTC Charges Financial services Firm
February 4th, 2016
CFTC Charges Florida-Based Oakmont Financial, Inc. and Joseph Charles DiCrisci with Engaging in Illegal, Off-Exchange Precious Metals Transactions The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern ...
Deutsche Bank must face $3.1 billion lawsuit
February 4th, 2016
Deutsche Bank must face U.S. lawsuit over $3.1 billion mortgage loss Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing $3.1 billion of investor losses by failing to properly monitor 10 trusts backed ...
PwC agreed to pay $55 million to settle claims
January 7th, 2016
PwC in $55 million settlement with Madoff feeder fund investors PricewaterhouseCoopers agreed to pay $55 million to settle claims it failed to audit properly the books of Fairfield Greenwich Group, the biggest operator of “feeder funds” for now-imprisoned swindler ...
Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses
December 28th, 2015
Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis. Bank of New York Mellon ...
