A federal judge has authorized the U.S. Trustee to investigate whether mortgage processing systems used by Countrywide Financial Corp. have affected “the integrity of the bankruptcy process.”
As home foreclosure rates continue to reach record levels, Ohio’s political leaders are supporting a program that offers free legal representation to Ohioans making below $54,000 a year for a…
The general counsel of New Century Financial Corp. warned of unsound lending practices in a 2004 memo that was apparently ignored, according to a bankruptcy examiner’s report.
A misdirected e-mail from Credit Suisse helped set the stage for two lawsuits filed this week by two private equity firms seeking to purchase Clear Channel Communications, the Mar 27, 2008 3:00 PM CDT
In the wake of last week’s near-collapse of the once-famed Bear Stearns investment bank, U.S. Treasury Secretary Henry Paulson is saying that such investment houses, like regular commercial banks, should…
A critical report by a lawyer and former SEC official breaks new ground by blaming a Big Four accountant for a failed subprime mortgage lender’s “improper and imprudent practices,” and…
Attorney General Michael Mukasey told reporters \Friday that lawyers at the Justice Department are reviewing information flowing in about the subprime crisis to see if there is a “larger criminal…
Six private equity lawyers who are leaving a smaller Chicago firm for a Chicago-based giant say they are doing so regretfully, in order to practice from the bigger platform that…
Updated: Seeking to profit from the current climate of financial uncertainty, unscrupulous traders have allegedly spread false rumors that banks in the United Kingdom are in trouble and then profited…
Updated: Although it’s not yet confirmed, observers expect that a significant number of the 100 or so lawyers in the compliance department of Bear Stearns Cos. will be laid off…
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