• News

    Lenny Dykstra May Be In A Little Bit Of Trouble

    It’s not money trouble, so that’s a good thing but it is sexual harassment-type trouble, which is unfortunate, especially given Nails’ declaration earlier this week that he’s ready to “once again claim his role as a productive member of society.” In fairness to LD, the incident in question took place last May, which was before […]

    / Mar 11, 2010 at 3:00 PM
  • News

    Lindsay Lohan May Actually Have A Credible Claim Against E*Trade In Whore-Baby Case

    Earlier this week, Lindsay Lohan filed a suit against E*Trade. The claim? That the baby in the brokerage’s latest commercial was based on her life. Lohan came to this conclusion because the character’s name is Lindsay, she’s referred to as a “milk-a-holic,” and there’s a suggestion that the young one is a man-stealing tramp (she […]

    / Mar 11, 2010 at 10:15 AM
  • News

    Certain Goldman Sachs Shareholders Still Don’t Get It

    Last week, Goldman Sachs announced that the experiment wherein upper management acted like it cared what shareholders think, validated their feelings, took out the trash without having to be asked and so on and so forth was over. Not sure if The International Brotherhood of Electric Workers missed it in the 10-K or if they […]

    / Mar 9, 2010 at 1:06 PM
  • News

    Dick Bove Defends Ken Lewis

    Dick Bove took a break from whatever it is he’s doing today to profess, once again, his never-ending love for Ken Lewis and BofA. In response to the charges Cuomo and the SEC filed last week against the bank and its ex-leaders, Bove had just one thing to say: “The actions of Andrew Cuomo and […]

    / Feb 8, 2010 at 1:11 PM
  • News

    SAC Capital, Steve Cohen (And His Brother) Sued By Ex-Mrs. C

    Patricia Cohen, the former wife of Steven Cohen, has filed a RICO suit against Steve, his brother Donald, and SAC Capital (et al*) in Southern District court of New York. Patricia is alleging that Steve conspired with others to conceal “significant” marital assets of which she was due after their ten year marriage. She claims […]

    / Dec 16, 2009 at 4:15 PM
  • News

    Hedge Fund Investor Relations Girl Sues Over Being Taken To Strip Clubs, Dumb Blonde Jokes

    And more! Oh yes, Jordan Wimmer has a whole host of grievances to air in the direction of her former boss, Nomos Capital founder Mark Lowe, and she’s doing so in a lawsuit seeking £4 million. First off, Wimmer does not care much more Lowe’s Asian fetish, his lack of creativity when it came to […]

    / Nov 10, 2009 at 8:45 AM
  • News

    Nomura Banker Not Amused By Being Told She Was Better Suited For Housework, Boss Referring To Her Rack As “Knockers”

    Kidding, no one would ever use a term like that in the office. What the guy actually called them was “honkers.” As previously discussed, Nomura’s acquisition of Lehman’s internal operations has not gone as smoothly as everyone had hoped. The Lehman employees are very difficult, all but refusing to submit to their new employer’s way […]

    / Nov 4, 2009 at 2:18 PM
  • News

    Andy And Mark Madoff Sued On Grounds That They Are Complete Morons

    Irving Picard promised Sunday that he would bankrupt Andy and Mark Madoff and he was not kidding! The spawn of Satan, along with their cousin Shana and uncle Peter, have been sued for $199 million. The good news is that they’re not being accused of actually taking part in the Ponzi scheme, but only for […]

    / Oct 2, 2009 at 3:27 PM
  • News

    Nobody Takes Dan Loeb For A Ride

    Not the market, not Ken Griffin and not some sheisty moving company. One and two learned that the hard way and now the fools at Auer’s Moving & Rigging are getting a crash course in what happens when you try and pull a fast one on this vegan surfer-cum-triathlete. Perhaps thinking the Third Point founder […]

    / Sep 30, 2009 at 1:49 PM
  • News

    Lessons In CMBS Semantics

    The CMBS lawyers involved with the Extended Stay bankruptcy must be having a field day with the tightrope walking real estate investor David Lichtenstein is doing to save his skin. Under a proposed bankruptcy restructuring plan, Extended Stay would see $4.8 billion in debt wiped out and Lichtenstein would be indemnified from $100 million in […]

    / Jun 24, 2009 at 12:47 PM
  • News

    Structured Products Back In The Line Of Fire

    It seems small retail investors are still a glutton for punishment. A number of retail investors learned a harsh lesson last year when the convertible feature of their reverse convertible bonds kicked in and their high yielding bonds morphed into rapidly sinking equities. There are certain varieties of structured products that retail investors can take […]

    / Jun 16, 2009 at 10:11 AM
  • News

    Capt. Sully Probably Saved AIG Millions

    No stranger to bailouts themselves, AIG is not going to bail out people who suffered losses or minor injuries from the US Airways flight that went down in the Hudson River. For those who were looking for a nice payday out of the accident, you can blame the plane’s captain, Chesley Sullenberger, for dashing those […]

    / Jun 12, 2009 at 12:40 PM
  • News

    Hedge Fund Investors Seek Money Bear Does Not Have

    Remember that pair of hedge funds Bear had a movie reviewer running which, in retrospect, wasn’t the best idea and might’ve contributed to their collapse? Bunch of the people who lost their money when the two ridiculously named funds went under are still upset about the situation. Geoffrey Varga and William Cleghorn, the court appointed […]

    / Apr 8, 2008 at 2:03 PM
  • Auction Failure, Auction Rate Securities, legal

    Morgan Stanley Sued Over Auction Rate Securities

    More auction rate securities lawsuits are hitting the courts. A lawsuit was filed today in federal court in Manhattan alleging that Morgan Stanley “deceptively marketed” auction-rate securities as cash alternatives, Market Watch is reporting. “Instead of disclosing the true nature of ARS and the substantial liquidity risks associated with them, Morgan Stanley continued to push […]

    / Mar 25, 2008 at 2:21 PM

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