Join Us On LinkedIn

Billionaire financier Phil Falcone’s attempts to rebuild his troubled empire just took a massive hit from Mary Jo White’s Securities and Exchange Commission. The tough as nail head of the SEC refused to settle two civil suits against him and his Harbinger Capital Partners hedge fund. While Harbinger, which disclosed the SEC slap-down in a […]
Westport National Bank and its parent company, Connecticut Community Bank, were not liable for the losses of investors in Bernard Madoff’s vast Ponzi scheme in its role as a custodial bank, a jury found on Wednesday. Separately, the bank agreed to pay $7.5 million to 240 investors in a related case, a lawyer for the […]
The news just keeps getting worse for Standard & Poor’s Financial Services. Setting in stone a tentative decision reached last week, a federal judge in Santa Ana, Calif. refused late Tuesday to toss a Justice Department lawsuit accusing S&P of duping investors with inflated credit ratings for financial products backed by subprime securities. U.S. District […]
Get caught up with the Securities Docket News Wire for July 18, 2013.