Chicago yield-burning suit targets dealers, accountants
- Yield-burning suit too late, judge says. Shields, Yvette // Bond Buyer;12/13/99, Vol. 330 Issue 30786, p1
Cites United States Magistrate Martin C. Ashman's recommended dismissal of a lawsuit alleging yield burning by Prudential Securities Inc. and Everen Securities Inc. on two Chicago, Illinois refunding deals. Expiration of the statute of limitations on the case's federal claims; Chicago...
- Definition of `advisers' questioned in Chicago yield-burning cases. Shields, Yvette // Bond Buyer;08/05/99, Vol. 329 Issue 30698, p4
Reports on two yield-burning lawsuits in Chicago, Illinois. Lawsuits filed against Prudential Securities Inc., Everen Securities Inc., Deloitte and Touche and Altschuler Melvoin and Glasser; Details of the lawsuits.
- Chicago law firm tries to keep YB suit alive. Shields, Yvette // Bond Buyer;12/30/99, Vol. 330 Issue 30798, p3
Focuses on law firm Krislov & Associates' filing of an objection to a United States magistrate's recommendation to dismiss the yield-burning litigation against Prudential Securities Inc., Everen Securities Inc. and two accounting firms. Expiration of the statute of limitations on any federal...
- New suits for Pru. Harrington, John // Crain's New York Business;11/29/93, Vol. 9 Issue 48, p42
Reports on fraud allegations faced by Prudential Securities Inc. from investors who contend that the company engaged in a racketeering conspiracy through the sale of limited partnerships in the 1980s.
- Prudential Securities settles U.S. fraud charges. // Best's Review / Life-Health Insurance Edition;Dec94, Vol. 95 Issue 8, p12
Reports on the settlement of a lawsuit filed against Prudential Securities Inc. for fraud. Agreement with the Securities and Exchange Commission; Amount involved in the settlement.
- Prudential Securities settles with Texas. Connolly, Jim // National Underwriter / Life & Health Financial Services;1/24/94, Vol. 98 Issue 4, p3
Reports on the settlement of a lawsuit filed by the state of Texas against Prudential Securities. Reasons for lawsuit; Allegations of investor fraud; Terms of settlement.
- Pru Securities' settlement offer get nod from judge. Connolly, Jim // National Underwriter / Life & Health Financial Services;1/31/94, Vol. 98 Issue 5, p3
Reports that the settlement of Prudential Securities' three-year energy partnership dispute for $90.7 million brought the brokerage firm a step closer from distancing itself from limited partnership woes of the 1980s. Overview of the settlement.
- Pru Securities' LP tab is $435 million and climbing. Connolly, Jim // National Underwriter / Life & Health Financial Services;1/30/95, Vol. 99 Issue 5, p3
Reports on developments in lawsuits and claims against Prudential Securities Inc. (Pru). Expiration of agreement with the Securities and Exchange Commission (SEC); Adverse publicity from ongoing SEC investigations; Report filed in January 1995 by SEC claims administrator Irving Pollack; Suit...
- Pru admits guilt. Harrington, John // Crain's New York Business;10/31/94, Vol. 10 Issue 44, p58
Reports that Prudential Securities Inc. has admitted that it committed crimes in the sale of limited partnerships in the 1980s and has agreed to pay $330 million to settle criminal charges.