Lawyers

• NY watchdog advises speed traders to 'soul-search' amid probe

  Investor Protection Bureau head Chad Johnson said during his remarks at an event that speed traders need to come up with ways on how to improve trading practices, Bloomberg reported.

• EBay attack spawns probe orders from three states

  At least three US states have expressed their intention to prove eBay Inc following its revelation that a database of theirs containing password and personal information of its customers have been breached, Bloomberg reported.

• Lawsky claims AIG suit aims to interfere insurance probe

  New York Attorney General Eric Schneiderman said in a memo presiding the lawsuit filed by American International Group Inc against the Department of Financial Services and its its superintendent, Benjamin Lawsky that the case should be dismissed on the grounds that the lawsuit was the insurance company's ploy to hinder the financial regulator's probe on selling insurance overseas from the state without a license.

• NY attorney general issues new subpoena to obtain info for tax probe

  Spokesman Matt Mittenthal for New York Attorney General Eric Schneiderman said that the new subpoena was a revised form of the original in order to address the technical issue they encountered when a May 13 ruling voided the demand for information for its tax probe on Airbnb Inc.

• NY debt collectors agree to drop $16 M to settle alleged state law violations

  Portfolio Recovery Associates (PRAA) and Sherman Financial Group LLC were said to have agreed to stop collecting around $16 million in judgements and pay $475,000 in combined fines to settle with the state of New York regarding allegations of violating a law governing debt collections, Bloomberg reported.

• Source says NY Attorney General to seek high-frequency trading documents from exchanges, dark pools

  New York Attorney General Eric Schneiderman's subpoenas allegedly target trading exchanges to shed light on whether high-frequency trading violates insider trading laws, Bloomberg reported.

• Airbnb to challenge Schneiderman probe alleged rental law violations

  Bloomberg reported that Airbnb is set to provide its arguments over the probe of the company's alternative housing service by New York Attorney General Eric Schneiderman for potential state law occupancy and housing violations.

• NY Attorney General sends subpoenas to traders to seek information on high-speed strategies

  An unidentified source said that New York Attorney General Eric Schneiderman is seeking to subpoena six trading companies, including Chopper Trading LLC, Jump Trading LLC and Tower Research Capital LLC over its trading strategies that might have given them unfair advantage over their rivals.

• Apple sends out collective $166 Million payout to e-book buyers over price-fixing

  A whopping $166 million will be paid out to millions of e-book customers who purchased their gadgets from five US publishers who were accused of collaborating with Apple Inc to drive up e-book prices, Bloomberg said.