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Former Casino Operator Pays $1 Million Fine and Forfeits More Over Anti-Money Laundering Charges

Money laundering

  LOS ANGELES – The former operator of the Normandie Club in Gardena has been ordered to pay a $1 million criminal fine and to forfeit nearly $1.4 million after pleading guilty to violating the Bank Secrecy Act by failing to report large cash transactions to federal authorities. During a federal court hearing yesterday, United

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Skadden Arps Secures Dismissal for UBS Real Estate Securities in NY Court

Rp ird litigation 150x150.jpg

Skadden secured a dismissal for UBS Real Estate Securities Inc. (UBS RESI) in a breach-of-contract action pending in the New York State Supreme Court, Commercial Division. The plaintiff, U.S. Bank National Association, brought suit on behalf of a residential mortgage-backed securities (RMBS) trust, alleging that UBS RESI breached certain representations and warranties relating to the

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