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Wikileaks Swiss banking source on trial. A Swiss banker who purportedly leaked confidential information to WikiLeaks is on trial in Zurich. Rudolf Elmer, a former employee of the Julius Baer Group, is accused of leaking evidence that could implicate clients of tax evasion. Prosecutors say that after he was fired in 2002, he tried to extort the bank under the threat he would make the information public.

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Will Ferrell ordered to pay big bucks to JP Morgan Chase. Will Ferrell has lost his lawsuit against JP Morgan Chase, and has been ordered to cover the bank’s 600-thousand dollars worth of legal fees! Ferrell filed suit against the firm in 2008 for claiming they had quote – “engaged in the unauthorized and unsuitable purchases” of 18 million dollars worth of securities. The judge ruled against Ferrell for not following legal rules during the case.

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