Former Wilmington Trust Executive Reaches Civil Suit Deal With SEC Over 2008 Crisis February 21, 2023 By Randall Chase A former executive of the only financial institution to be criminally charged in connection with the federal bank bailout program...
Supreme Court Hears Shareholder Suit over Fannie Mae, Freddie Mac December 10, 2020 By Lawrence Hurley U.S. Supreme Court justices on Wednesday questioned a bid by shareholders of Fannie Mae and Freddie Mac to pursue legal...
Disease Experts Are Better Than the Covid-19 Contrarians: Opinion April 24, 2020 By Noah Smith, Bloomberg Opinion One of the most vexing questions in life is: Should you trust the experts? The fundamental conundrum is that sometimes...
Courts Allows Shareholder Class Action Against Goldman Sachs Tied to 2008 Crisis April 13, 2020 By Jonathan Stempel Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes...
U.S. Court Affirms Dismissal of IPO Investors’ Claims Against Barclays November 20, 2018 By Jonathan Stempel Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis...
CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness September 11, 2018 By Suzanne Barlyn Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers...
Whistleblower Loses Out on $864M Moody’s Ratings Settlement March 3, 2017 By Jonathan Stempel A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody’s Investors Service managing director and said he...
Greenberg’s Starr Returns to Court Seeking Damages Over AIG Bailout November 7, 2016 By Andrew Harris and Susan Decker U.S. lawyers on Friday urged an appeals court to bless the federal government’s $85 billion bailout of American International Group...
Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO November 6, 2016 By Karen Freifeld Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee...
Federal Reserve Votes to Retire AIG Bailout Tool November 30, 2015 By Ian Katz The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress...