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Write-Offs: 12.21.12

$$$ Lawsuits cast darker shadow over banks than Libor fines [Reuters] $$$ Majority of Wealthy Support Taxing Themselves: Poll [CNBC] $$$ NRA Calls for Armed Guards in Schools to Prevent Killings [Bloomberg] $$$ ICE Would Owe $750 Million if NYSE Deal Blocked [WSJ] $$$ Daily Intel is live-blogging the Mayan apocalypse [DI] $$$ That's it for us today. We'll be on a light schedule next week, and will see you back here full time on January 2nd. Happy holidays! $$$ BoNY Mellon is looking for a wealth management sales director in Boston [DBCC] $$$ Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk [Bloomberg] $$$ New York Fed: Progress Being Made in Improving Tri-Party Repo Sector [RTE] $$$ "[C]lass actions are more closely associated with unreliable disclosures than are SEC investigations. Moreover, stand-alone class actions appear more likely to result in settlements, and those settlements are of greater magnitude, than stand-alone SEC investigations, and officers are more likely to be terminated. Our findings cast doubt on the claim that SEC investigations are superior to class actions in targeting fraud and imposing sanctions on companies." [Harvard Law] $$$ "Plaintiff's counsel hereby gives notice he will not be available any time after December 21, 2012, due to the end of the world." [ATL]
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$$$Lawsuits cast darker shadow over banks than Libor fines [Reuters]

$$$ Pershing Square launches www.FactsAboutHerbalife.com [FAH]

$$$Majority of Wealthy Support Taxing Themselves: Poll [CNBC]

$$$ICE Would Owe $750 Million if NYSE Deal Blocked [WSJ]

$$$ Daily Intel is live-blogging the Mayan apocalypse [DI]

$$$That's it for us today. We'll be on a light schedule next week, and will see you back here full time on January 2nd. Happy holidays!

$$$ BoNY Mellon is looking for a wealth management sales director in Boston [DBCC]

$$$ Chicago, Boston hedge funds top long-term performance study [HFI]

$$$Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk [Bloomberg]

$$$New York Fed: Progress Being Made in Improving Tri-Party Repo Sector [RTE]

$$$ "[C]lass actions are more closely associated with unreliable disclosures than are SEC investigations. Moreover, stand-alone class actions appear more likely to result in settlements, and those settlements are of greater magnitude, than stand-alone SEC investigations, and officers are more likely to be terminated. Our findings cast doubt on the claim that SEC investigations are superior to class actions in targeting fraud and imposing sanctions on companies." [Harvard Law]

$$$ "Plaintiff's counsel hereby gives notice he will not be available any time after December 21, 2012, due to the end of the world." [ATL]

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Write-Offs

Write-Offs: 11.02.12

$$$ The power is back on in parts of downtown [DI] $$$ And it was never off at Goldman [DealBook] $$$ But the marathon is off [NYT, earlier] $$$ Berkshire Profit Climbs 72% on Derivatives, Railroad [Bloomberg] $$$ More Hedge Funds Close Up Shop as Returns Fizzle [Reuters] $$$ Jérôme Kerviel is the most indebted man in the world [Atlantic] $$$ Macquarie is looking for equity research associates in New York, including in the Oil & Gas, Business Services, Utilities, and Transportation & Logistics sectors [DBCC] $$$ SEC Asked Groupon for Financial Disclosures [WSJ] $$$ "The problem is that when you actually look at the documents from some of the troubled investments during the financial crisis, in many cases the disclosure was copious. There were warnings of the risks; investors just failed to heed the warning signs that should have led them to further investigation." [DealBook / Steven Davidoff] $$$ Goldman urges Supreme Court to end mortgage class-action [Reuters] $$$ E*Trade Reviews Practices on 'Best Execution' for Stock Trades [WSJ] $$$ Model Under Fire for Using Sandy Wreckage for Photo Shoot [ABC]

Write-Offs

Write-Offs: 04.30.12

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Write-Offs

Write-Offs: 09.27.12

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Write-Offs

Write-Offs: 08.24.12

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Write-Offs

Write-Offs: 09.07.12

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Write-Offs

Write-Offs: 01.18.13

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Write-Offs

Write-Offs: 01.25.13

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Write-Offs

Write-Offs: 08.30.12

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