Posts Tagged ‘Lawsuit’

Emails Give Glimpse Into Deals That Fueled Financial Meltdown

ProPublica Staff NY, NY, United States (ProPublica) – by Jesse Eisinger and Jake Bernstein As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $ 40 billion of deals helped fuel the crash […]

Lawsuit looks to stop Keystone preparations

Three American conservationist groups contend in a lawsuit that U.S. officials illegally allowed a Canadian company to begin preparing the route for its proposed 2,730-kilometre oil pipeline from Western Canada to Texas even though the project hasn’t gained final government approval. View full post on Canada Business Stories

Madoff Trustee Files 2nd Lawsuit For $9 Billion Against HSBC

In a span of one week, the court-appointed trustee of Bernard Madoff filed two lawsuits against major banks in a bid to recover money for Madoff’s victims. On Sunday, Irving Picard filed the second lawsuit for $9 billion against HSBC Holdings. View full post on Banking Stories

Madoff Trustee Files $6.4 Billion Lawsuit Against JPMorgan

A lawyer appointed as a trustee by a New York bankruptcy court filed a $6.4 billion lawsuit Thursday against JPMorgan Chase. Irving Picard said he filed the case because JPMorgan is the primary banker of Bernard Madoff and must carry some responsibility for the losses of the imprisoned con man’s victims. View full post on […]