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Morgan Stanley Says Litigation with Deutsche Bank Could Cost It Around $300 Million — Filing

05/05/2015(0)
Suit over legacy-mortgage matters continues Morgan Stanley said on Monday that a continuing lawsuit with Deutsche Bank over legacy mortgage matters could cost it nearly $300 million. In April 2014, Deutsche Bank ... Read More
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Potential for fees to fall as legal fee tracking hits the big time in the UK

04/05/2015(0)
Fifteen firms – including Macfarlanes, Norton Rose Fulbright and Taylor Vinters – have signed up to Apperio, a legal fees platform which claims to be cutting fees for clients ... Read More
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SEC wins asset freeze against Chinese accused of insider trading

30/04/2015(0)
The U.S. Securities Exchange Commission won on Wednesday a court order to freeze the assets of two Chinese nationals accused of insider trading for their “remarkably timed” purchases of ... Read More
bank of america

Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit

30/04/2015(0)
BofA says cost of settlement will be covered by existing reserves Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the ... Read More
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Flash crash trader to face court again

29/04/2015(0)
A UK financial trader accused of contributing to the 2010 Wall Street “flash crash” is due to appear in court again on Wednesday. Navinder Singh Sarao, who first appeared ... Read More
Allen & Overy

Allen & Overy announces 33 Counsel promotions

27/04/2015(0)
Allen & Overy today announces that 33 lawyers have been promoted to Counsel across the global network. The promotions are in 15 offices across Europe, the Middle East and ... Read More
UK-banks

UK’s biggest banks face further $29 billion misconduct bill: S&P

27/04/2015(0)
Britain’s biggest banks face another 19 billion pounds ($29 billion) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in ... Read More
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Nasdaq to settle Facebook IPO lawsuit for $26.5 million

27/04/2015(0)
In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million (17.60 million pounds) to settle a class-action lawsuit involving its bungling of Facebook ... Read More
bitcoin

Blocked Bitcoin Websites Fight Government Censorship in Russian Court

27/04/2015(0)
Bitcoin websites blacklisted by the Russian government brought their case before a judge today in an attempt to overturn a decision that has restricted domestic access to their domains. ... Read More
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BofA Investors Say Settlement Reached in Forex Class Action

17/04/2015(0)
Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market. The investors, several pension and hedge funds, didn’t reveal ... Read More
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