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Byline: Mark Schoeff Jr. A financial industry trade association is suing the Securities and Exchange Commission to stop the agency from collecting retail investor data for a comprehensive market surveillance [...]

Byline: Brian Croce The Securities and Exchange Commission's best-interest standard is slated to take effect in a little more than four months, but there are still plenty of fights left [...]

Event In early January VTB Capital, a Russian state-owned investment bank, filed a lawsuit in London, UK, against the Mozambican government to recover its US$535m loan. Analysis In 2013 and [...]

Event In early January VTB Capital, a Russian state-owned investment bank, filed a lawsuit in London, UK, against the Mozambican government to recover its US$535m loan. Analysis In 2013 and [...]

Byline: Kirk Pinho A subsidiary of a Detroit bankruptcy creditor has backed down from a lawsuit it filed in federal court earlier this month asking for more time on an [...]

Facebook is being sued in a proposed class action claiming that it discriminated against older and female users by withholding advertising for financial services, Reuters' Jonathan Stempel reports. According to [...]

Byline: BRUCE KELLY On Oct. 11, the Securities and Exchange Commission added Cetera Advisor Networks, a registered investment adviser and broker-dealer, as a defendant to an earlier lawsuit against Cetera [...]

AnywhereCommerce has filed a lawsuit for patent infringement against Square (SQ), a company which provides payment and point-of-sale solutions in the United States and internationally. According to a media release, [...]

Byline: Jackie Charniga Santander Consumer USA boosted its bottom line by improving its business with Fiat Chrysler Automobiles, including revising their partnership. Now it has a new CFO, who had [...]

The U.K.'s Financial Conduct Authority is examining alleged links between a Citigroup employee with access to 'price-sensitive information' and a multimillionaire trader who has been named in connection with an [...]

Byline: Derek Hawkins 7th Circuit Court of Appeals Case Name: United States of America v. Nikesh A. Patel Case No.: 18-1685 Officials: WOOD, Chief Judge, and FLAUM and SYKES, Circuit [...]

Byline: Eric Freedman An empty chips bag and crumbs, a low gas tank and receipts from a Dollar Tree and Stop & Shop supermarket in Connecticut were just some of [...]

Byline: Bruce KellyLPL Financial is suing a broker it fired last summer after a dispute surfaced between the broker and his ex-wife over the disposition of funds in their joint [...]

Credit Suisse has settled a 2012 New York state lawsuit alleging misconduct over residential mortgage-backed securities, Reuters reports. According to a source familiar with the deal, the bank will pay [...]

Two federal litigators were honored recently for taking the lead in exposing the role of a financial service company that failed to protect older Americans from scams. Margaret Moeser, an [...]

The US Court of Appeals for the Eleventh Circuit has overturned the dismissal of Miami's suit claiming that Bank of America, Citigroup, and Wells Fargo harmed the city through what [...]

Byline: WISCONSIN LAW JOURNAL STAFF7th Circuit Digests7th Circuit Court of AppealsCase Name: W.A. Griffin, M.D. v. TeamCare, et al.Case No.: 18-2374Officials: BAUER, KANNE, and ST. EVE, Circuit Judges.Focus: ERISA PenaltiesW.A. [...]

A U.S. judge ruled that Goldman Sachs (GS), JPMorgan (JPM), and four other big banks must face an antitrust lawsuit by investors who alleged that they banks conspired to restrict [...]

After the State of California has filed a lawsuit against AbbVie, accusing the company of paying kickbacks to doctors and using a network of nurses to illegally boost Humira prescriptions, [...]

A U.S. judge has rejected an antitrust lawsuit by investors claiming that nine large banks rigged the roughly $9T government agency bond market from 2005 to 2015, Reuters reports. In [...]

Byline: Kyle Glazier WASHINGTON -- A lawsuit accusing eight banks and broker-dealers of 'widespread fraud and collusion' in connection with remarketing the variable-rate demand obligations in Illinois should be thrown [...]

After a Missouri jury on Thursday ordered Johnson & Johnson to pay $4.69B to 22 women who alleged the company's talc-based products, including its baby powder, contain asbestos and caused [...]

The U.S. Securities and Exchange Commission sued Charles Schwab over claims that it failed to file reports on suspicious transactions by independent investment advisers that the company terminated from its [...]

Byline: BRUCE KELLY Last fall, Morgan Stanley and UBS Wealth Management Americas exited an agreement among brokerage firms that allows brokers and advisers to take a limited amount of client [...]

Byline: MIL OSI - ForeignAffairs.co.nz Source: United States Attorneys General CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX #: (716) 551-3051 BUFFALO, N.Y. - U.S. Attorney James P. Kennedy, Jr. announced [...]

Byline: MIL OSI - ForeignAffairs.co.nz Source: United States Attorneys General SYRACUSE, NEW YORK - Mark Gillis, age 48, of Saranac Lake, New York, was sentenced today to time served, to [...]

Byline: Neil Haggerty WASHINGTON -- A federal judge has dismissed a case brought by the Conference of State Bank Supervisors challenging the legality of the Office of the Comptroller of [...]

Byline: Adina Genn A former Long Island investment advisor and hedge fund manager was sentenced for stealing $3 million from 38 investors, officials said. Eric Erb, who used that money [...]

U.S. District Judge Lorna Schofield in Manhattan rejected a lawsuit against 16 big banks by retail foreign currency investors who alleged that they were indirectly harmed by a conspiracy to [...]

Deutsche Bank (DB) will pay $240M to settle private U.S. antitrust litigation alleging it conspired with other banks to manipulate the Libor benchmark interest rate, Reuters reports, citing court filings. [...]

Byline: Greg Iacurci Employers sponsoring a 401(k) plan, especially small business owners, are increasingly hiring investment advisers who serve as fiduciaries to their retirement plan, new research suggests. About 70% [...]

A federal judge dismissed a lawsuit by Erin Daly, a fired Citigroup financial adviser who claimed the bank took client contact and responsibilities from her because of her gender and [...]

Byline: Greg Iacurci In an unusual turn of events, the investment adviser to New York University's retirement plan has been named as a co-defendant in litigation attacking the plan's allegedly [...]

Byline: Jackie Stewart Wayne Savings Bancshares in Wooster, Ohio, faces another battle with an activist investor intent on gaining a board seat. Stilwell Group in New York disclosed in a [...]

Byline: Greg Iacurci Morgan Stanley has prevailed in a lawsuit alleging the company and one of its advisers acted negligently when it told clients to take a particular type of [...]

A former executive managing director of Och-Ziff Capital Management Group was charged in an indictment unsealed for his alleged participation in a scheme to defraud one of the hedge fund's [...]

A U.S. judge has thrown out a lawsuit against Deutsche Bank (DB) and Credit Suisse (CS) in which a Jewish trust attempted to reclaim $3B that dates back to before [...]