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Join the Securities Litigation and Enforcement Group on LinkedInBank of America Settles Parmalat Litigation for $100 Million in Cash and Noncash
Bank of America Corp. has agreed to pay Parmalat SpA $100 million to settle a lawsuit accusing it of helping the Italian company hide debt and causing its 2003 collapse. Reuters reports that Bank of America, Citigroup, and auditors Deloitte Touche Tohmatsu and Grant Thornton LLP were sued for $10 billion each in the case. […]
FOX Business Video: Report Confirms DOJ Asked SEC Not to Pursue Stanford Investigation
FOX Business’ Adam Shapiro reports in this video on a new SEC Inspector General report that confirms the DOJ asked the SEC to not pursue its investigation of Stanford Financial.
Securities Docket A.M. News Wire for July 28, 2009
Baseball players find ally in SEC over lawsuit; The Financial Industry Regulatory Authority lost $696 million last year; SEC Suspected Stanford Bank as Early as 2005, Documents Show; Daniel Goelzer Named Acting Chairman of PCAOB; Stanford Seeks Transfer Out of “Oppresive” and “Intolerable” Prison; Comptroller Tom DiNapoli meets with SEC on placement agent changes.