February 12, 2003 |
Credit Suisse First Boston notified a federal judge Tuesday that it mistakenly taped over about 75 electronic files that the investment banking firm was required to keep as part of a massive class-action suit over Wall Street's handling of initial public stock offerings. In a four-page letter sent to Judge Shira A. Scheindlin, CSFB's outside law firm wrote that the brokerage had an "inadvertent loss of data" from recycling "operational backup tapes."
February 8, 2003 |
A 2-year-old series of e-mails between Wall Street star Frank Quattrone and his Credit Suisse First Boston colleagues has sparked a lot of interest -- and not just among his fellow investment bankers. The disclosure of the potentially incriminating e-mails last week set off a turf war among criminal prosecutors over who would investigate Quattrone. The skirmish ended Friday when James B. Comey, the U.S.
February 7, 2003 |
Frank Quattrone, the Credit Suisse First Boston star technology investment banker suspended on Monday pending a probe of alleged destruction of evidence, apparently isn't allowing his legal woes to get in the way of his golf game. Quattrone teed off Thursday morning in the PGA's four-day Pebble Beach National Pro-Am golf tournament, which pairs celebrities from entertainment and busi- ess with top pro golfers vying for $5 million in prize money.
February 4, 2003 |
NEW YORK -- Credit Suisse First Boston suspended investment banker Frank Quattrone on Monday, saying the onetime star of Silicon Valley's dot-com boom may have known that government investigations were underway when he advised employees to get rid of unneeded files.
February 1, 2003 |
The NASD has told Frank Quattrone, Silicon Valley's most prominent investment banker, that he will be the subject of civil charges, sources said Friday. One charge against Quattrone, head of technology banking at Credit Suisse First Boston in Palo Alto, is said to involve "spinning," an activity in which investment bankers allocated shares of prime initial public offerings to key clients, practically guaranteeing them a fortune as the shares soared.
November 21, 2002 |
Mortgage.com Inc. says it's pulling out of a class-action suit against Credit Suisse First Boston Corp. brought on behalf of 200 companies the bank took public and will file a new case. The lawsuit Mortgage.com, now MDCM Holdings Inc., is leaving alleges that the U.S. unit of Zurich-based Credit Suisse Group deliberately under-priced the initial stock offering in an attempt to get kickbacks from investors. With the withdrawal of Mortgage.
October 27, 2002 |
Massachusetts regulators filed a complaint alleging that Credit Suisse First Boston intentionally misled investors by hyping the stocks of companies for which the firm did investment banking work. In an administrative complaint, the Massachusetts secretary of state charged that bankers at CSFB, a unit of Credit Suisse Group, pressured technology stock analysts to issue upbeat reports on CSFB clients and then pointed to that bullishness when trying to win business from other companies.
October 22, 2002 |
Massachusetts regulators filed a complaint Monday alleging that Credit Suisse First Boston intentionally misled investors by hyping the stocks of companies for which the firm did investment banking work. In an administrative complaint, the Massachusetts secretary of state charged that CSFB bankers pressured technology stock analysts to issue upbeat reports on CSFB clients and then pointed to that bullishness when trying to win business from other companies.
October 11, 2002 |
Massachusetts securities regulators are demanding that Credit Suisse First Boston pay a fine of at least $100 million and clearly separate its stock research from investment banking to settle the state's civil investigation of the firm's practices, sources said Thursday. Separately, the U.S.
September 20, 2002 |
Massachusetts securities regulators recommended Thursday that their counterparts in New York consider filing criminal charges against brokerage Credit Suisse First Boston and some of its stock analysts over allegedly tainted advice given to investors. The recommendation raises the stakes in state and federal regulators' multiple investigations of Wall Street's conduct during the bull market.