An oil trader’s ex-wife won a U.K. Supreme Court ruling giving her the right to force offshore companies owned by her former husband, Michael Prest, to turn over assets as part of a 17.5 million-pound ($27.4 million) divorce settlement.
Commerzbank AG asked a judge in London today to dismiss the claims from more than 100 current and former bankers at its Dresdner Kleinwort unit in the largest bonus dispute in the U.K. stemming from the financial crisis
The insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam next month is the culmination of U.S. investigations dating back 12 years that involved blind alleys, anonymous tips, wiretaps and a trip into the Tamil Tiger underworld before prosecutors got their man, Bloomberg News’ Patricia Hurtado reports.
Basis Capital, an Australian hedge fund, said one of its funds filed a new lawsuit in state court in New York against Goldman Sachs Group Inc. over the sale of securities known as Timberwolf and Point Pleasant.
A former Societe Generale SA banker who already won 11 million euros ($14.4 million) in a severance dispute is seeking more from the bank as the case reached the U.K.’s top court -- a first for the financial-services industry.