US District Judge Melinda Harmon has given preliminary approval to a $6.7 billion settlement in a class-action lawsuit brought by Enron shareholders, an attorney involved in the case said Wednesday. Shareholders brought...
Search Results for: JP Morgan
Corporations and securities brief ~ JP Morgan settles with Enron
Leading Tuesday's corporations and securities law news, JP Morgan Chase has settled with Enron for the bank's role in the accounting fraud that lead to Enron's bankruptcy . In a Tuesday press release , JP...
BREAKING NEWS ~ CIBC settles with Enron investors for record $2.4 billion
Canadian Imperial Bank of Commerce on Tuesday agreed to a $2.4 billion settlement over a class-action lawsuit with investors in collapsed energy giant Enron Corp. The settlement is the largest yet, beating the $2.2 billion settlement with...
Corporations and securities brief ~ AIG admits to improper accounting
Leading Wednesday's corporations and securities law news, American International Group Inc. (AIG) announced it will delay its SEC filing of its quarterly results and also that it had found documentation of illegal transactions with General Re Corp,...
Corporations and securities brief ~ Ninth Circuit upholds key Sarbanes-Oxley provision
Leading Wednesday's corporations and securities law news, a US Court of Appeals for the Ninth Circuit upheld a district court's ruling which froze $37.6 million in termination pay and bonuses to two Gemstar TV Guide International ...
JP Morgan offers reparations for pre-Civil War slave collateral
The second largest bank in the nation, JP Morgan Chase & Co. , has publicly disclosed that two of its predecessor banks had received thousands of slaves as collateral prior to the Civil War. JP Morgan offered a...
Corporations & securities brief ~ SEC considers combined settlement in bond market probe
Leading Thursday's corporations and securities law news, the SEC is considering a combined settlement with several brokerage firms in its probe of the $204 billion auction-rate bond market. The SEC's investigation has uncovered several potential violations related...
Corporations & securities brief ~ Nevada Power sues investment firms over Enron conduct
In Monday's corporations and securities law news, Nevada Power Company has filed a federal lawsuit against several investment banking firms, including Citigroup, JP Morgan Securities and Barclays Bank, claiming they conspired with Enron Corp. to manipulate power markets. Nevada...