Jonathan Sumption News
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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.
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A seven-partner team of corporate and litigation partners from Haynes & Boone LLP jumped to Akin Gump Strauss Hauer & Feld LLP’s Dallas office.
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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
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JPMorgan Chase & Co. and Jefferson County, Alabama, were sued by insurer Syncora Guarantee Inc. in an attempt to recover more than $400 million tied to billions of dollars in sewer-bond debt.
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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.
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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.
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Britain’s Competition Commission didn’t show bias by trying to force Heathrow owner BAA Ltd. to sell three other U.K. airports by spring 2011, the regulator told the Court of Appeal in London.
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U.K. bankers, the butt of political and public criticism for getting taxpayer bailouts and large bonuses, at least have some friends in London’s courts.
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