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Daily Archives: Friday, October 5, 2018

Posted: October 5, 2018

Court Denies Motion to Change Venue

On September 18, 2018, Justice Masley of the New York County Commercial Division issued a decision in Faustino v. Amin, 2018 NY Slip Op. 32347(U), denying a motion to change venue, explaining: Under CPLR 503(a), venue is proper in either the county in which one of the parties resided when it was commenced; the county in... Read more »

Posted: October 5, 2018

Bank of America Pays $30 Million Civil Penalty For Attempted Manipulation Of USD ISDAFIX Benchmark

Reuters and Yahoo News are reporting that the CFTC has ordered Bank of America N.A. to pay a fine of $30 million to settle charges that it “made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a leading global benchmark” between 2007 and 2012. The US... Read more »