Credit Crunch Digest- August 2011

more+
less-

This issue focuses on recent significant developments in the New York Attorney General's challenge to the Bank of America/Countrywide settlement; the Wachovia Bondholders settlement; AIG's lawsuit against Bank of America for mortgage securities losses; updates on recovery efforts in the Madoff Ponzi scheme; and the status of financial regulatory reform implementation in response to the subprime crisis and credit crunch.

Litigation and Regulatory Investigations

o New York Attorney General Targets $8.5 Billion Bank of America/Countrywide Settlement

o Wachovia Bondholders Agree to Massive Subprime Settlement

o AIG Sues Bank of America Over Mortgage Securities Losses

Fraud and Ponzi Schemes

o Judge Rakoff Throws Out Common-Law Claims Against HSBC and UniCredit

o UniCredit Seeks Dismissal of ‘Hollow’ Racketeering Claims

o Tremont Settles Claims Brought by Picard for $1 Billion

Government and Regulatory Intervention

o Implementation of Dodd-Frank Financial Reforms Behind Schedule

o Standard & Poor’s Opposes SEC Proposal Requiring Disclosure of Rating Errors

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

Sedgwick LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×