1. Wells Fargo Settles Citi Claim for $100Mn.
2. Women Awarded $790K in Lawsuit vs. Credit Suisse.
3. Supreme Court Won't Hear BNY Mellon Case.
4. SocGen Trader Stole Prop Computer Code.

    1.  Wells Fargo Settles Citi Claim for $100Mn.   The 2-year dispute over Wells Fargo's acquisition of Wachovia Corporation in late 2008 was settled for $100 million.  Several days after Citigroup announced it made a deal to acquire Wachovia Corporation (for $2.1 billion), Wells Fargo swooped in with a stunning "middle-of-the-night" bid for the company.  After Wells Fargo ultimately prevailed, Citigroup mounted an aggressive fight to recover as much as $60 billion in damages - and to change the public perception that the bank (and CEO Vikram Pandit) had, once again, bungled one of the watershed deals of the financial crisis.  For Citigroup, the $100mn payout is essentially found money.  For Wells Fargo, which says the deal (now) is paying off far better than expected, the payoff may just be another merger expense.   [NYTimes, AM Law Litigation Daily, 11/20]

    2.  Women Awarded $790K in Lawsuit vs. Credit Suisse.   A former Credit Suisse investment banker, Ukranian Oksana Denysenko, who had sued the bank for $15 million over gender discrimination and unfair redundancy, was awarded $790,000.  Credit Suisse had replaced her permanently with a man who covered her position while she was on maternity leave.  She took a 6-month maternity leave in March 2006, but was persuaded by her line manager to extend her return date to March 2007.  Seven months after returning, she was told the bank didn't need 2 people dealing with investments in the Ukraine.  At the time of the judgment, the unemployment tribunal found in favor of Denysenko because "she was presented with no real choice about the work she was to do on her return and half of her role had been given to Mr Kostrobi who was retained."   [Business Insider, 11/22]

    3.  Supreme Court Won't Hear BNY Mellon Case.   The U.S. Supreme Court refused to consider BNY Mellon's challenge to a lawsuit that claims the company helped another firm defraud and deceive a group of clients.  BNY Mellon wanted the high court to reverse a lower court's ruling that enabled a trustee liquidating Sentinel Management Group's assets to sue the bank on behalf of some Sentinel clients.  Sentinel, an Illinois FCM and investment manager for commodity brokers, filed for bankruptcy in August 2007.  The defunct firm has since been the target of federal enforcement actions;  BNY Mellon, Sentinel's lender and securities clearing bank, has been accused of misconduct as well.  A U.S. district court dismissed the suit, concluding that the trustee lacked authority to sue a 3rd-party on behalf of the Sentinel customers.  But earlier this year, a Chicago-based U.S. appeals court said the law did allow for the trustee to pursue 3rd-party claims.   [Nasdaq.com, 10/18]

    4.  SocGen Trader Stole Prop Computer Code.   A former Société Générale SA trader was convicted of stealing the French bank's proprietary code for its high-frequency trading business.  Samarth Agrawal secretly printed out copies of the bank's computer code last year and planned to use it to build a copy of SocGen's trading program at a competitor.  After about two hours of deliberation, the jury of four women and seven men in U.S. District Court in Manhattan found Mr. Agrawal guilty of theft of trade secrets and transportation of stolen property.  Mr. Agrawal likely faces 46 months to 57 months in prison under federal sentencing guidelines. Sentencing is set for February.  The case is similar to a separate criminal case set to begin later this month in which a former Goldman Sachs Group Inc. computer programmer is accused of stealing the investment bank's high-frequency trading computer code.   For further details, click on:   [WSJournal, 10/23]