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JP Morgan to face lawsuits over failed credit unions

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U.S. District Judge John Lungstrum said the National Credit Union Administration may pursue civil claims that the bank and two companies it bought, Bear Stearns and Washington Mutual, misrepresented the quality of dozens of securities sold to four credit unions in 2006 and 2007.

M&A set to surge following Vodafone's bumper deal

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Following the confirmation of Vodafone's $130 billion-deal with Verizon on Monday, merger and acquisition (M&A) activity is set to boom as appetite for mega deals returns, according to an upcoming report.

Lawsuit against SAC delayed

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Bloomberg reports that the exchange of evidence in the government’s forfeiture lawsuit against SAC Capital Advisors was delayed by a judge until 6th January while the U.S. pursues insider trading prosecutions tied to the hedge fund.




Toshiba plans job cuts, CEO to leave within three years

Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek partnerships for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said on Thursday.