Defendant Name: Credit Suisse First Boston LLC

Defendant Type: Subsidiary of Public Company

Document Reference: judg18110

Document Details

Legal Case Name SEC v. Credit Suisse First Boston LLC, F/K/A Credit Suisse First Boston Corporation
Document Name Final Judgment as to Defendant Credit Suisse First Boston LLC, F/K/A Credit Suisse First Boston Corporation
Document Date 31-Oct-2003
Document Format Civil Proceeding
Case Number 03-cv-02946
Federal District Court New York, Southern District of New York
Federal District Judge William H. Pauley III
Allegation Type Investment Advisers/Investment Companies
Document Summary

Disgorgement & Penalty Information

Resolutions
Enjoinment
Compliance Related Independent Consultant
Monetary Penalties:

Disgorgement

Individual:     $75,000,000.00 Shared:    

Civil Penalty

Individual:     $75,000,000.00 Shared:    

Independent Research to be paid over 5 years

Individual:     $50,000,000.00 Shared:    

Total Penalty

Individual:     $200,000,000.00 Shared:    

Related Documents:

comp18110 28-Apr-2003 Complaint
Complaint
According to the SEC: "CSFB used its equity research analysts to help solicit and conduct investment banking business. By providing incentives for equity research analysts to assist in the generation of investment banking revenues, CSFB created and fostered an environment with conflicts of interest that, in some circumstances, undermined the independence of research analysts and affected the objectivity of the reports they issued."
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Credit Suisse First Boston LLC and the other firms covered by the Global Research Analyst Settlement.