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International Resources

The global finance market has been riddled with international lawsuits over CDO’s and Synthetic CDO’s.  Below you will find a list of news articles and court cases that may relate to Credit Sails, the parties who were involved or the type of product that was sold.

2012

  1. 5 November 2012 – Federal Court of Australia – Bathurst Regional Council v Local Government Financial Services Pty Ltd (LEGAL)
  2. 5 November 2012 – Sydney Morning Herald – Rembrandt ruling puts heat on S&P, by Michael West
  3. 5 November 2012 – Sydney Morning Herald – Councils win fight against S&P over ‘Rembrandt’ notes, by AAP, Reuters and Business Day
  4. 20 October 2012 – Bloomberg – Goldman Fails to Dismiss Basis Capital’s Timberwolf Suit, by Edvard Pettersson
  5. 11 October 2012 – Reuters – FINRA fines Guggenheim for failing to supervise two CDO traders, By Sharanya Hrishikesh and Anil D’Silva
  6. 2 July 2012 – New York Times – Court Papers Undercut Ratings Agencies’ Defense, By Gretchen Morgenson
  7. 22 June 2012 – United States District Court of Southern New York – Intessa vs Credit Agricole, Calyon & Magnetar  – First Amended Complaint (LEGAL)
  8. 17 May 2012 – Wall Street Journal – SEC Probes Role of Hedge Fund in CDOs, By Jean Eaglesham 
  9. 17 May 2012 – ProPublica – The Magnetar Fallout: Who’s Been Charged, Has Settled, or is Now Being Investigated, by Cora Currier
  10. 7 April 2012 – Bloomberg – Credit Agricole Unit, Magnetar Sued by Intesa Over ‘Pyxis’ CDO, By David Glovin 
  11. 6 April 2012 – United States District Court of Southern New York – Intessa vs Credit Agricole, Calyon & Magnetar (LEGAL)
  12. 15 March 2012 – ProPublica – Four Whistleblowers Who Sounded the Alarm on Banks’ Mortgage Shenanigans, by Cora Currier
  13. 28 February 2012 – Pro Publica- Financial Firm Fined for Misleading Investors on Magnetar Bets, by Cora Currier
  14. 21 February 2012 – ProPublica – Two Wall Street Bankers ensnared in New Probe, Jake Bernstein 

2011

  1. 19 October 2011 – Reuters – Citigroup to pay $285 mln in CDO civil fraud case, By Jonathan Stempel and Aruna Viswanatha
  2.  4 October 2011 – Sydney Morning Herald – Toxic Rembrandts – ratings agency ‘sandbagged’, by Michael West
  3. 26 September 2011 – Bloomberg – S&P May Face SEC Sanctions Over 2007 Rating of Subprime CDO, By Joshua Gallu and Zeke Faux
  4. 26 September 2011 – ProPublica – SEC Investigating Yet Another Magnetar CDO, by Marian Wang
  5. 30 June  2011 – The New York Times – BoA takes $8b hit on toxic mortgages, by Nelson Schwartz, Eric Dash
  6. 23 June 2011 – NZ Herald – Bank forks out $189m to settle fraud case, By Macy Gordon
  7. 26 May 2011 – Rollingstone – The People vs. Goldman Sachs, by Matt Taibbi

2010

  1. 29 August 2010 – Propublica – The Wall Street Money Machine
  2. 9 April 2010 -Propublica – The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going, by Jesse Eisinger and Jake Bernstein


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