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The settlement in principle that Goldman announced on Thursday did not involve C.D.O.s, but more traditional mortgage-backed securitizations.
Chris Klatell, a lawyer for Mr. Moukarbel, said yesterday: "We've reached a settlement in principle with Paramount that we hope to finalize.
A settlement in principle was reached at the end of last year, and the final details are expected to be completed soon.
It is unclear how many client names UBS will ultimately disclose or whether it will pay a fine under a settlement in principle reached last month.
"But the day after I agreed to the settlement in principle, Dr. Hochamavitz rejected it, much to the chagrin of his own attorney," Mr. Morey said.
"As Mr. Jackson was about to board his plane to London, he was advised by his legal team to postpone his travels since the parties had concluded a settlement in principle," Aponte said.
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A Citigroup statement said, "We are pleased that today's announcement of a settlement-in-principle will put these regulatory matters behind us". Lee S. Richards, a lawyer for Mr. Grubman, said he could not comment on the terms of his client's "agreement in principle" with regulators.
Not only is Citigroup setting aside cash to cover its $400 million tab in the Wall Street research settlement-in-principle; it is also sloughing off significant monies for ongoing regulatory inquiries, private stockholder suits and Enron-related litigation.
From a 7-year-old lawsuit brought by Wal-Mart Stores, Safeway, various other retailers and retail associations, VISA USA and MasterCard International have reached a settlement-in-principle to pay $2 billion and $1 billion, respectively, over claims that the card associations forced retailers to accept signature-based debit card transactions on their own networks.
NEW YORK TIMES Ex-FrontPoint Manager in Settlement With S.E.C. | Joseph F. Skowron, a former portfolio manager at FrontPoint Partners, has reached a settlement agreement in principle with the Securities and Exchange Commission, which had sued the hedge fund manager on insider trading charges.
The judge in the case announced last August that the two sides had reached a settlement agreement in principle, but since then the sides have not been able to come to terms.
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