Court

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Peregrine founder handed 50-year sentence

The founder of Peregrine Financial Group was sentenced to 50 years in prison.

By Wire services |February 1, 2013

1 min read

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Buffett seeks $1 billion from Swiss insurer

Buffett is taking Swiss Re to court after bailing the company out during the recession.

By Staff |December 5, 2012

1 min read

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Fed Court rules S&P misled investors

The Federal Court has ruled Standard & Poor’s misled investors when it gave complex and risky products AAA ratings, reports Financial Review. Now, S&P could be faced with many more lawsuits in the Netherlands, U.S., UK, and New Zealand. And as a result of the ruling, ratings agencies around the world could end up paying […]

By Wire services |November 5, 2012

1 min read

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8 Samsung phones face bans; Germany to sue Facebook

Apple seeks ban on eight Samsung devices after win, and Facebook faces its own legal battle with Germany.

By Staff |August 28, 2012

1 min read

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ABCP settlement fund distribution delayed

The OSC and IIROC have extended the deadline for the submission of forms in connection with the distribution of settlement funds to eligible investors who purchased third-party Asset-Backed Commercial Paper. The original deadline for submission was June 30, 2012. The OSC and IIROC have extended this deadline to October 26, 2012, in order to ensure […]

By Staff |August 21, 2012

1 min read

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Fleeced investors launch class-action against BMO

From 1999 to April 2002, Salim Damji—who claimed to have invented a new teeth-whitening product for Colgate—defrauded investors out of approximately $77 million. And he used BMO accounts to deposit and transfer the stolen funds. It’s alleged the bank knowingly assisted Damji; according to the Ontario Superior Court’s decision documents, it was aware the funds […]

August 17, 2012

1 min read

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Former Morgan Stanley advisor goes to prison

A former Morgan Stanley adviser has been handed a nine-month prison sentence for conspiring to evade the bank’s internal controls, reports Financial Times. Garth Peterson—an American who worked at Morgan Stanley’s Shanghai real estate office—was sentenced on Thursday in New York. He bribed a Chinese official to gain profitable real estate investments for both the […]

By Staff |August 17, 2012

1 min read

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MF Global trustee suing former execs

Trustee James Giddens—who’s overseeing the liquidation of the brokerage MF Global—has decided to sue some of its high-level execs, reports Financial Times. He plans to join existing class-action lawsuits, which were launched against several senior MF Global employees; John Corzine, Henri Steenkamp, and Laurie Ferber are all named in various suits. Read: Giddens seeks distribution […]

By Wire services |August 16, 2012

1 min read

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Portus pre-hearing prolonged

On Friday, the OSC held a pre-hearing conference regarding its case against Portus Alternative Asset Management.

By Staff |August 13, 2012

1 min read

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AGF’s claims are offensive: Perez-Coutts

Patricia Perez-Coutts has denied any involvement in Westwood Holdings’ alleged lift out of an entire team of AGF investment managers. Only days after AGF launched a lawsuit against her and the company for “their [alleged] orchestration of an unlawful conspiracy”, the Globe and Mail caught up with her to get comment. She is both offended […]

By Wire services |August 10, 2012

1 min read

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