Chris Gair News
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Bank of New York Mellon Corp.’s victory in a lawsuit challenging its $312 million lien on the assets of bankrupt Sentinel Management Group Inc. was canceled without explanation by a U.S. appeals court.
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Bank of New York Mellon Corp. is defending itself at trial against allegations it knew cash management firm Sentinel Management Group Inc. was using investors’ assets as collateral for a $312 million credit line.
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Merrill Lynch & Co.’s suit seeking $9.4 million from Indonesian businessman Prem Harjani has no legal basis, a lawyer for the bank’s former private-banking client told a Singapore court today.
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Bank of New York Mellon Corp. yesterday won a U.S. Appeals Court ruling affirming its entitlement to a $312 million lien on the holdings of the bankrupt suburban Chicago cash management firm Sentinel Management Group Inc.
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Massey Energy Co. ’s management believed U.S. government officials, including President Barack Obama, conspired to destroy the coal producer, according to unsealed court records in a case related to a fatal mine accident.
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Lehman Brothers Holdings Inc. sued JPMorgan Chase & Co. to recover tens of billions of dollars in “lost value,” accusing the bank of precipitating its downfall and preventing it from winding down in an orderly fashion.
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Paul Daugerdas , a former lawyer at the defunct law firm Jenkens & Gilchrist , and three others were convicted of a 10-year tax shelter scheme that generated more than $1 billion in phony losses.
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Bank of New York Mellon Corp. didn’t know cash management firm Sentinel Management Group Inc. was using investors’ assets as collateral for a $312 million credit line, an attorney for the bank told a federal judge in closing arguments today.
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