Securities
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A former Societe Generale SA executive who allegedly helped falsify the Paris bank’s submissions to the London Interbank Offered Rate was deemed a fugitive Wednesday by a New York federal court, which said the accused banker can’t fight the case if she stays in France… Read this piece in its entirety at Law360.
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New York City-based law firm Levi & Korsinsky LLP has been named lead counsel in a stock-drop suit against Taiwanese semiconductor manufacturer United Microelectronics Corp., according to an order issued Thursday by the New York federal court overseeing the case… Read this piece in its entirety at Law360.
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ETC Global Holdings Inc. asked a California federal court on Tuesday for a quick win in a case brought by software maker InteliClear LLC, saying trade secret laws don’t protect InteliClear’s program, and even if they did, ETC didn’t steal the product’s features… Read this piece in its entirety at Law360.
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A Third Circuit appeals panel on Tuesday rejected IKB International SA’s bid to revive a suit blaming Wilmington Trust Co. for a $168 million loss on residential mortgage-backed securities investments, saying the bank hadn’t shown the trustee violated its contractual obligations… Read this piece in its entirety at Law360.
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An engineer who formerly worked at semiconductor maker Skyworks Solutions Inc. turned himself in on Friday to face charges in California federal court that he stole private financial information from his ex-employer, cashed in on illegal trades, and then fled to Taiwan when he was caught… Read this piece in its entirety at Law360.
Mike LaSusa 