A judge sentenced a former A.G. Edwards & Sons Inc. trader to three years in prison Thursday, ending allegations that he was involved in inappropriate stock loans and profited off his former employer.
The U.S. Securities and Exchange Commission has accused former executives of human resources services company Certified Services Inc. of being part of a scheme to siphon off about $30 million from the company's coffers.
Dickstein Shapiro LLP has expanded its antitrust and financial services capabilities with the addition of two new partners in its New York office.
The dispute between two Chicago exchanges over voting rights will continue now that Chicago Board of Trade members have reportedly rejected an $850 million settlement offer from the Chicago Board Options Exchange.
Already under pressure from consumers and regulators over claims its interchange fees run afoul of antitrust laws, MasterCard now faces the squeeze from U.S. lawmakers intent on reining in the power of the credit card giant.
Decorated white-collar crime prosecutor Thomas L. Kirsch II has left the U.S. attorney's office in northern Indiana to join international law firm Winston & Strawn LLP's Chicago litigation unit.
Alston & Bird has become the latest law firm to assemble a task force to address the legal problems caused by the subprime mortgage crisis, launching a subprime mortgage markets initiative to guide clients through the fallout caused by the credit crunch.
While certifying a class of U.S. investors, a New York federal judge refused Thursday to allow foreign investors to proceed with securities fraud claims against Swiss insurance company SCOR Holding (Switzerland) AG.
The former treasurer of Doral Financial Corp. has been indicted over his alleged role in a massive securities fraud scheme that is believed to have cost the Puerto Rico-based mortgage lender’s shareholders an estimated $4 billion.
From victory to defeat, consumer credit reporting agency Equifax Inc. has lost a bid to throw out an antitrust action filed in Minnesota's federal court, a month after persuading a judge in Ohio to scrap a separate competition suit.
Lender Sallie Mae has been hit with another proposed class action alleging the student loan giant violated federal securities laws by making false statements about the extent of its subprime exposure.
Software development company WebXchange Inc. has filed patent suits against Allstate Corp., Dell Inc. and FedEx Corp., claiming the companies’ Web sites and software systems infringe three patents.
The image of China as the Wild, Wild East, where companies must pay to play, has become deeply ingrained in the Western mindset. But trying to develop “guanxi” without really understanding its implications will cause your business to be mired in trouble on both sides of the ocean, say experts.
The Chapter 11 trustee in the bankruptcy of money manager Sentinel Capital Management has initiated another adversary proceeding, this time seeking $550 million from The Bank of New York for its role in Sentinel's collapse.
Lawyers defending specialist traders against allegations that they cheated investors reportedly told a U.S. Securities and Exchange Commission administrative law judge that the New York Stock Exchange's trading data was too flawed to convincingly show improper trading activity.
The U.S. Securities and Exchange Commission has proposed two new rules, which, if approved, will allow certain funds to trade without obtaining an exemption from regulators.
Former executives of bankrupt National Century Financial Enterprises Inc., who are standing trial in Ohio for fraud, will continue their defense after a federal judge ruled against their request for acquittal.
More than two dozen people and a slew of financial giants are reportedly going to be charged in connection with a long-standing federal investigation into alleged anti-competitive activities among bidders for municipal bond derivatives.
In the latest in a series of lawsuits against Countrywide Home Loans Inc., a U.S. trustee has accused the mortgage lender of acting in bad faith in the bankruptcy of a Florida couple.
Prosecutors are reportedly investigating a rogue trader whose unauthorized trades of wheat futures led MF Global Ltd. to lose $141.5 million in a single day.