The Federal Reserve’s decisions to offer credit to its 18 primary dealers — and to extend these credit facilities to Fannie Mae and Freddie Mac, complementing the recent Treasury proposal for authority to back their debt and buy their equity — are highly unusual. Because they break with the norm that markets should decide which […]

NEW YORK, July 23, 2008 (LAWFUEL) — The Brualdi Law Firm P.C. announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of employees and/or former employees of IndyMac Bancorp. Inc. (“IndyMac” or “the Company”) and asserting violations of the Employee Retirement

Washington, D.C., July 23, 2008 (LAWFUEL) – The Securities and Exchange Commission today filed fraud charges and obtained an emergency court order to stop a Hillsborough, Calif., investment adviser who is alleged to have misappropriated more than $20 million from investors who were falsely promised that their money would be invested in the stock market.

PHILADELPHIA (LAWFUEL) – July 23, 2008 – Before employers hand out BlackBerry or other wireless devices that can keep employees in continual contact with the workplace, or encourage workers to take business calls while on the road, they need to be aware of their potential legal liability, according to Pepper Hamilton LLP, a multi-practice law

(LAWFUEL) – The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of SwedishVegas, Inc. (“SwedishVegas”), of Arcadia, California, at 9:30 a.m. EST on July 23, 2008, and terminating at 11:59 p.m. EST on August 5, 2008.

PHOENIX (LAWFUEL) – Five members of a drug trafficking organization were sentenced to prison yesterday by U.S. District Judge Susan R. Bolton. The leader of the organization, Victor Manuel Leon-Sanchez, 29, of Culiacan, Sinaloa, Mexico, was sentenced to 19 years in prison. His second-in-command, Juan Ceniceros, 41, of Rosarito, Sinaloa, Mexico, was sentenced to 15

DENVER (LAWFUEL) – Edward “Eddie” Davidson, age 35, also known as the “spam king,” walked away from a federal prison camp in Florence on Sunday, July 20, 2008. Davidson, who was sentenced to serve 21 months in federal prison, is now officially in “escape” status. He was last seen in Lakewood. U.S. Marshals are leading

MINNEAPOLIS, July 22, 2008 (LAWFUEL) — Charles H. Johnson today announced that it has commenced an investigation against UBS AG (“UBS”) for potential violations of the Employee Retirement Income Security Act of 1974 (“ERISA”). The investigation focuses on investments in UBS Savings and Investment Plan (the “Plan”). The investigation focuses on concerns that UBS and

(LAWFUEL) – Lucian T. Pera, a partner with the Memphis office of Adams and Reese LLP, has been invited to serve on the Advisory Board of the Miller-Becker Institute for Professional Responsibility. The Institute, which is associated with University of Akron Law School in Akron, Ohio, provides lectures, symposia, and other programs and activities to

Washington, D.C., July 22, 2008 (LAWFUEL) – The Securities and Exchange Commission today charged an Ann Arbor, Mich.-based company and a former executive in an accounting fraud scheme that ultimately cost the company more than $437 million in market capitalization and caused its stock price to drop by more than half its value during a