Former JPMorgan Chase & Co. traders Javier Martin-Artajo and Julien Grout aren’t evading authorities in the U.S., where they face charges of engaging in securities fraud to hide losses, their lawyers told a judge in Manhattan.
Lorin Reisner, the deputy director for enforcement at the U.S. Securities and Exchange Commission and a former federal prosecutor, will participate in the agency’s securities fraud lawsuit against Goldman Sachs Group Inc., according to papers filed in Manhattan federal court.
Lawyers for Goldman Sachs Group Inc. will face Lorin Reisner, the deputy director of enforcement for the Securities and Exchange Commission , in the agency’s lawsuit over the bank’s use of subprime mortgage-backed securities.
BP Plc may saddle potential buyers of its assets with lawsuits as Europe’s second-biggest oil company tries to raise money to pay claims that may reach $100 billion from the Gulf of Mexico spill, Bloomberg News’s Linda Sandler reports.
Lorin Reisner, the U.S. Securities and Exchange Commission’s deputy head of enforcement, is leaving the agency to take a job as a top federal prosecutor in New York, two people with knowledge of the matter said.
Merrill Lynch & Co., the brokerage unit of Bank of America Corp. , won a U.S. judge’s ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination lawsuit.
Samuel Wyly and Charles Wyly, the Texan brothers and entrepreneurs who funded ads helping George W. Bush’s presidential campaigns, were sued by U.S. regulators who accused them of misleading investors while selling hundreds of millions of dollars in stock.
Goldman Sachs Group Inc. executive director Fabrice Tourre had “very preliminary” talks with the U.S. Securities and Exchange Commission to settle the agency’s civil fraud claims against him, an SEC lawyer said.
Citigroup Inc., whose $285 million settlement with U.S. regulators over a collapsed collateralized debt obligation was faulted by a federal judge as too lenient, may have to pay more money to avoid admitting it did anything wrong, said lawyers following the case.