The U.S. Court of Appeals for the Eighth Circuit, on April 8, 2009, reversed the ruling of the U.S. District Court for the District of Minnesota, which granted summary judgment in favor of Ameriprise Financial, Inc.
The case was remanded for…
The U.S. Securities and Exchange Commission staff notified Ameriprise Financial, Inc. that it is considering recommending that the SEC bring a civil action against the Company related to revenue sharing matters.
For several years, the Company has been cooperating with the…
Ameriprise International, Inc. says that a large client, in April 2009, presented a formal Request for Arbitration.
Relevant to market conditions since the latter part of 2007, the client claimed breach of certain contractual investment guidelines.
The Company is continuing to evaluate…
NYSE Euronext disclosed in its latest quarterly report on Form 10- Q filed with the U.S. Securities and Exchange Commission that on June 25, 2008, the New York Court of Appeals entered an order affirming the May 2007 order of…
Tyler Technologies, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the Securities and Exchange Commission that on June 27, 2008, it settled outstanding litigation related to two Stock Purchase Warrants owned by Bank of America, N.A.
The…
Bank of America Corporation says that, on June 17, 2008, the U.S. District Court for the Southern District of New York dismissed 25 claims from a lawsuit filed by Adelphia Communications Corporation.
These claims include the majority of the fraudulent transfer…
Bank of America Corporation and Bank of America, N.A. are cooperating with probes of several state attorneys general on municipal derivatives.
Beginning in April 2008, the Company and Bank of America, N.A. received subpoenas, interrogatories and civil investigative demands from the…
The appeal filed by the plaintiffs in the complaint entitled Eagletech Communications Inc. et al. v. Citigroup, Inc. et al., naming Knight Capital Group, Inc. as a defendant, is pending.
On April 10, 2007, approximately 20 securities firms, including the Company,…
The U.S. Securities and Exchange Commission’s time to appeal from the ruling in its fraud suit against two former executives of Knight Securities, L.P. has not yet expired, according to Knight Capital Group, Inc.’s Form 10-Q dated Aug. 11, 2008.
KSLP…
Knight Capital Group, Inc. continues cooperating with the staff of the U.S. Securities and Exchange Commission and certain regional exchanges to resolve issues relating to options activities of its subsidiary, Knight Financial Products LLC.
In 2006, the Company received a request…