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Ex-Bear Stearns Managers Cioffi, Tannin to Pay $1.05 Million in SEC Suit

By dcreynolds on  From hedgeco.net
Bloomberg – Former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin, acquitted in 2009 of criminal charges they misled investors, agreed to pay $1.05 million to settle a related civil case brought by the U.S. Securities and Exchange Commission. Cioffi agreed to pay $800,000 and accept a three-year ban from the securities industry and Tannin agreed to a [...]Read Full Story

S.E.C. Reaches Settlement in Bear Stearns Fraud Case

By dcreynolds on  From hedgeco.net
NYT – The Securities and Exchange Commission has reached a settlement with two former Bear Stearns hedge fund managers that will avert a second trial over accusations that they had misled investors as the mortgage market was crumbling. The deal, which is subject to court approval, could be announced on Monday, said two people with direct knowledge of the [...]Read Full Story

SEC Reaches Settlement in Bear Stearns Fraud Case

By latestbusinessreport on  From latestbusinessreport.com
The SEC has reached a settlement with two former Bear Stearns hedge fund managers that will avert a second trial over accusations that they had misled investors as the mortgage market was crumbling.  The New York Times reports.Read Full Story

Samsung 3Q profit slides 23 percent - San Francisco Chronicle

By latestbusinessreport on  From latestbusinessreport.com
Globe and Mail Samsung 3Q profit slides 23 percent San Francisco Chronicle Lee Jin-man / AP Visitors pass by a billboard of Samsung Electronics' Galaxy smartphone in Seoul, South Korea, Friday, Oct. 28, 2011. Samsung's net profit has slid 23 percent in the third quarter despite strong smartphone sales. ... Samsung overtakes Apple to become world smartphone leader The Guardian Samsung overtakes Apple in smartphones, trails in profits Fortune Samsung 3Q profit slides 23 pct BusinessWeek...Read Full Story

Samsung overtakes Apple to become world smartphone leader - The Guardian

By latestbusinessreport on  From latestbusinessreport.com
The Guardian Samsung overtakes Apple to become world smartphone leader The Guardian This article was published on guardian.co.uk at 12.57 BST on Friday 28 October 2011 . It was last modified at 13.00 BST on Friday 28 October 2011 . The Samsung Galaxy tablet is at the centre of a global patent battle between the South Korean company ... Samsung 3Q profit slides 23 pct BusinessWeek Samsung Overtakes Apple as World's Biggest Smartphone Seller Bloomberg Samsung 3Q profit slides 23 percent despite...Read Full Story
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(Updates with Cioffi and Tannin contesting SEC claims in the sixth paragraph.) Feb. 9 (Bloomberg) -- The U.S. Securities and Exchange Commission is considering a proposed settlement with two former Bear Stearns Cos. portfolio managers to resolve ...  
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JPMorgan Chase & Co., the biggest U.S. bank by assets, was sued over mortgage-backed securities sold to Dexia SA (DEXB) because the loans underlying the securities were allegedly riskier than promised. Dexia accused JPMorgan and companies it acquired — Bear Stearns Cos. and Washington Mutual — of “egregious fraud,” saying they created and sold mortgage [...]  
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New York TimesA Raucous Hazing at a Wall St. FraternityNew York TimesAbsent from this year's gathering were Wall Street exiles like Richard S. Fuld Jr., the former chief executive of Lehman Brothers; James E. Cayne, the former chief of Bear Stearns; and Jon S. Corzine, the former Goldman Sachs head who presided over the ...and more »  
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