Finance Law

Dec. 21 (Bloomberg) — Investors are gaining confidence that MBIA Inc. will prevail in legal challenges against mortgage originators, providing the bond insurer with sufficient cash to settle lawsuits tied to its creation of separate units for municipal and structured debt in 2009. As banks settle and withdraw from lawsuits claiming the split left structured-finance [...]

<!– –>   Tweet – A A A + <!– –> The American Bar Association has denied an application from the Lincoln Memorial University Duncan School of Law.  According to a statement made available for students and faculty on Tuesday night, the university was asking for provisional approval for accreditation. LMU does not list the [...]

Board gets update on funding lawsuit By Dave Rogers | Published Wednesday, December 21, 2011 Bridgeport Superintendent Eddie Bland updated school board members Monday night on the progress of four class-action lawsuits aimed at forcing the Texas Legislature to change current school funding laws. At December’s monthly meeting of school trustees, Bland promised to keep [...]

Enlarge image HSBC to Sell Japan Private Banking Business to Credit Suisse Simon Dawson/Bloomberg HSBC is seeking buyers for its non-life insurance assets and may consider selling regional units of the business separately, three people familiar with the matter said in October. HSBC is seeking buyers for its non-life insurance assets and may consider selling [...]

NEW YORK, Dec. 21, 2011 /PRNewswire via COMTEX/ – Gushan Environmental Energy Limited (“Gushan” or the “Company”; NYSE: GU), a leading producer of biodiesel and a manufacturer of copper products in China, today announced its unaudited consolidated financial results for the third quarter of 2011. As of November 12, 2010, the ratio for Gushan’s ADSs [...]

Hope Lewis, a professor in Northeastern’s School of Law and a human rights scholar and advocate for more than 20 years, will be honored with the American Bar Association’s prestigious Mayre Rasmussen Award for the Advancement of Women in International Law. The ABA’s Section of International Law gives the award annually “to someone who has [...]

A now 16-year-old boy who had been turned in by his school for downloading films was convicted of violating Sweden’s copyright laws by a appeals court on Wednesday, overturning a lower court’s acquittal. 15-year-old Swede beats filesharing charges (30 Aug 11) 15-year-old Swede faces filesharing charges (24 Aug 11) In August, the Gothenburg District Court [...]

HSBC said Wednesday it had sold its private banking business in Japan to Credit Suisse for $2.7 billion, as part of its broader restructuring to reduce costs and focus on growth. The sale is the latest in a string of transactions since HSBC announced massive cost-cutting measures earlier this year, including plans to save up [...]

LONDON, Dec. 20, 2011 — /PRNewswire/ — 1st Global Financial Corporation (OTC: FGBF) announced today that it has opened its corporate headquarters in Berkeley Square, located in Mayfair, London, United Kingdom. The new offices will be fully operational by start of the new year. 1st Global Financial Corporation’s President Johnny Bannister said, “We are now [...]

<!– –>   Tweet – A A A + <!– –> The American Bar Association has denied an application from the Lincoln Memorial University Duncan School of Law.  According to a statement made available for students and faculty on Tuesday night, the university was asking for provisional approval for accreditation. LMU does not list the [...]