Legal

1186 articles tagged with this keyword

/Legal

BofA sues ex-workers for taking client data

Bank of American has won a court order temporarily preventing four former wealth management employees from using client data at their new firm, Dynasty Financial Partners, a provider of technology and services to investment advisors.

/Legal

Former Goldman Sachs programmer convicted over HFT code theft

Former Goldman Sachs computer programmer Sergey Aleynikov faces up to 15 years in prison after a New York jury found him guilty of stealing propriety code connected to the investment bank's high-frequency trading platform.

/Legal

WikiLeaks: Hackers humble MasterCard; IT firm threatens to sue Visa Europe

MasterCard's Web site is offline after a suspected attack from hackers in retaliation for the card company's decision to cut off payments to whistle-blowing outfit WikiLeaks. The attacks appear to have also hit the MasterCard SecureCode service, disrupting potentially millions of online transactions.

/Legal

MoneyGram wins Western Union patent ruling appeal

MoneyGram has won an appeal against a patent infringement judgement that saw it ordered to pay rival outfit Western Union $16.53 million.

/Legal

Sainsbury's IT worker steals £73,000 in Nectar points

An IT worker at Sainsbury's has admitted stealing Nectar reward points worth over £73,000 from the supermarket.

/Legal

UK teenager behind cybercrimewave to face prison spell

A UK teenager who ran a cybercrime Website retailing stolen credit card details worldwide is facing a lengthy prison sentence after admitting fraud charges at Southwark Crown Court.

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Former SocGen trader found guilty of code theft

A former SocGen trader accused of stealing the bank's trading code for use in his new hedge fund job has been found guilty in a trial in Manhattan.

/Legal

Citi seeks social media lawyer

US bank Citi is looking to hire an attorney to provide legal oversight for its social media activities.

/Legal

London card cloning factory gang member jailed

A man has been sentenced to five years in jail for his part in running a North London counterfeit credit and debit card factory.

/Legal

BGC accuses Tullett of data theft

BGC Capital Markets has accused bitter rival Tullett Prebon of stealing its proprietary pricing data in a lawsuit that seeks "hundreds of millions of dollars" in restitution.

/Legal

SocGen trader goes on trial for HFT code theft

A former SocGen trader has gone on trial in Manhattan accused of stealing proprietary computer code used in the bank's high-frequency trading (HFT) system.

/Legal

Moldova arrests bank staff in connection with Zeus gang

Authorities in Moldova have arrested six bank employees accused of laundering money for the international criminal ring that used the Zeus Trojan to steal millions of dollars from online bank accounts.

/Legal

London ATM crooks jailed

A pair of criminals have received three year jail terms for fitting London ATMs with card trapping devices and mobile phones for filming people entering their PIN numbers.

/Legal

Swift plans sanctions screening outsourcing service for small banks

Financial messaging body Swift has pledged to improve the sanctions screening process designed to stop the flow of illegal money transfers by launching an outsourcing service for small banks.

/Legal

Norwegian day traders convicted of breaking algo and manipulating prices

A pair of Norwegian day traders have been convicted of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to the Financial Times.

/Legal

TCF sues Fed over interchange fees

TCF Bank has filed a lawsuit against the Federal Reserve in a bid to block the upcoming rule change on interchange fees passed by Congress as part of the Dodd-Frank Act.

/Legal

Bank of America accuses former programmer of stealing trade secrets

Bank of America has accused a former computer programmer of stealing trade secrets from the bank before he was laid off last month.

/Legal

Fannie Mae IT contractor convicted for planting malware bomb

A computer programmer has been found guilty of planting a malicious script on the computer servers of former employer Fannie Mae in a bid to destroy all the firm's data.

/Legal

Aussie banknote maker hit by police raids over bribery claims

Securency, a banknote maker half owned by the Reserve Bank of Australia, has been hit by raids in Melbourne, the UK and Spain by police looking for evidence of corruption and bribery, according to The Age newspaper.

/Legal

Bond trading to start on Xetra after injunction lifted

Deutsche Börse will restart trading in around 700 corporate bonds over its electronic trading system Xetra on Monday after an interim court injunction was lifted.