Michael J Moore

December 16, 2022 | Daily Business Review

Goldman Sachs' latest cuts appear to go beyond the firm's annual exercise of weeding out underperforming staff, which was the focus just months ago.

By Michael J. Moore

1 minute read

July 05, 2016 | Daily Report Online

With recent legislative efforts to expand whistleblower rights and protections, many businesses have been thrust into the unfamiliar territory accompanying whistleblower reports, complaints and lawsuits. Because knowledge is essential in handling claims of this nature, an understanding and familiarity of the False Claims Act is vital for all in-house counsel. This overview of the False Claims Act highlights important information concerning these types of cases for in-house counsel.

By Michael J. Moore

12 minute read

January 28, 2011 | Daily Report Online

By Hugh Son and Michael J. Moore

4 minute read

February 11, 2009 | Daily Report Online

JPMorgan Chase Co., Citigroup Inc. and Bank of America Corp. are among lenders cutting back on $1.6 trillion of credit lines as they face increased demand for loans that threaten to drain capital. Banks used loan negotiations with retailers Rite Aid Corp. and Ethan Allen Interiors Inc., and with homebuilder Ryland Group Inc.

By Michael J. Moore and Pierre Paulden

7 minute read

June 30, 2010 | Daily Report Online

Leverage is back on Wall Street-and this time it's the bankers who have it.Firms are adding jobs for the first time in two years, rebuilding businesses cut during the financial crisis and offering guaranteed payouts to lure top bankers. In New York, 6,800 financial-industry positions were added from the end of February through May, the largest three-month increase since 2008, according to the New York State Department of Labor.

By Michael J. Moore

7 minute read

April 27, 2010 | Daily Report Online

White House officials and Democratic lawmakers seized on internal e-mails from Goldman Sachs Group Inc. to push for curbs including a ban on proprietary trading as they brace for a Senate showdown on Wall Street oversight. Democratic Sen. Christopher Dodd, chairman of the Senate Banking Committee, and Sen. Sherrod Brown, also a Democrat on the panel, said Sunday the e-mails help show why rules such as the Volcker rule are needed.

By Joshua Gallu and Michael J. Moore

7 minute read

June 09, 2011 | Daily Report Online

Financial firms, shunned by investors to a degree seen only once in the last 20 years, are becoming a smaller part of the U.S. economy as they deal with a past that won't go away and a future of lower revenue and fewer jobs.Shares of financial companies have fallen for three straight months and now have their lowest ratio to the Standard Poor's 500 Index since 2009.

By Michael J. Moore

13 minute read

August 24, 2009 | Daily Report Online

By Cristina Alesci and Michael J. Moore

8 minute read

May 18, 2010 | Daily Report Online

In June 2006, a year before the subprime mortgage market collapsed, Morgan Stanley created a cluster of investments doomed to fail even if default rates stayed low-then bet against its concoction. Known as the Baldwin deals, the $167 million of synthetic collateralized debt obligations had an unusual feature, according to sales documents.

By Jody Shenn and Michael J. Moore

8 minute read

January 26, 2010 | Daily Report Online

Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase Co.'s investment bank slashed their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge in coming weeks. The three Wall Street firms set aside $39.9 billion for pay in 2009, below the 2007 record of $44.

By Michael J. Moore

6 minute read