In the meantime, Reuters reports that U.S. Federal energy regulators have asked Deutsche Bank Energy Trading LLC to provide proof that it did not manipulate California energy markets or face a $1.5m fine, the regulator said in an order issued on Wednesday.
And Bloomberg reports that a class-action suit against Goldman Sachs over mortgage-backed securities was revived by a federal appeals court in New York.
Investors in 17 securities offerings, led by the NECA-IBEW Health and Welfare Fund, sued Goldman Sachs over securities backed by pools of residential mortgages originated by National City Mortgage Co., Countrywide Home Loans, Washington Mutual Bank and others, according to an opinion by the court Thursday.
Bloomberg also reports that Goldman was sued by German lender DZ Bank AG over $188.6m in mortgage-backed securities, at least the third investor this month to sue the firm over mortgage bonds.
The Financial Times reports that Morgan Stanley Smith Barney brokers are considering seeking damages over a new trading platform that they claim is losing them clients.
The newspaper says that 'at least two dozen brokers are now (thought to be) exploring legal options to determine whether they might be able to claim damages from the company over the technology, which is they say is essential to do business and retain their clients'.
Finally, Reuters reports that a federal appeals court will hear oral arguments on Oct. 25 in hedge fund founder Raj Rajaratnam's bid to overturn his insider trading conviction on grounds that the U.S. government improperly won permission to record his phone conversations.
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