15 years later, Bre-X lawsuits are being dropped.
The Financial Services Commission of Ontario’s work resulted in zero prosecutions, charges or court-imposed fines in 2013, the commission’s statistics show.
The OSC has approved a settlement agreement reached between OSC staff and Kevin Warren Zietsoff.
An overtime lawsuit against BMO Nesbitt Burns can now proceed.
Attorney General Eric Schneiderman is planning to sue both the Bank of America and Wells Fargo.
Faceoff between brokerage and advisor’s estate heats up.
Standard and Poor’s, along with two other defendants, were ordered to pay US$21 million after an Australian court found they misled investors.
Investors believed the blunders of the credit crisis were a thing of a past, reports Financial Times. But the recent slew of legal actions—including the case against S&P over alleged fraudulent ratings—has reminded markets there are still claims against major industry players that have be sorted out. Read more. Also read: S&P employees mocked company […]
The founder of Peregrine Financial Group was sentenced to 50 years in prison.
Buffett is taking Swiss Re to court after bailing the company out during the recession.