JPMorgan, Ally Sued by HSH Nordbank
German lender HSH Nordbank is suing JPMorgan Chase and Ally Financial, among other financial institutions, over losses it sustained in mortgage bonds that it said were misrepresented.
''Morgan Stanley Shakes It Up
After losing out to Merrill Lynch over a deal with investment manager BlackRock earlier this year, Morgan Stanley has come back with a win or...
B of A Broker's Trial Begins This Week
NEW YORK (HedgeWorld.com)--Former Bank of America securities broker Theodore Sihpol goes on trial this week for his alleged role in helping hedge fund Canary Capital Partners LLC conduct market timing and late trading of mutual fund shares. He is accused of grand larceny, fraud and falsifying records. Technically, the case...
Hedge Fund Plays Role in Pilgrim Baxter Investigat
NEW YORK (HedgeWorld.com)--Appalachian Trails is the latest hedge fund to be snagged in Eliot Spitzer's net as the New York State Attorney General's office continues...
Millennium Executive Pleads Guilty
NEW YORK (HedgeWorld.com)?Steven B. Markovitz a former executive and senior trader with Millennium Partners LP today pleaded guilty to a violation of New York?s Martin...
Lipper Investors Get Partial Resolution
NEW YORK (HedgeWorld.com)--Faced with two competing plans on how to revalue remaining assets in the Lipper convertible arbitrage fund, New York State Supreme Court Judge...