Italy's Parmalat SpA has settled legal fights related to its 2003 collapse with UBS and Credit Suisse for a total of €356.5 million, or $548.1 million.
The U.S. Securities and Exchange Commission is set to consider an internal recommendation that it update its reporting requirements for oil and gas companies regarding their reserves.
In a suit remanded by an appeals court, a federal judge again rebuffed the U.S. Securities and Exchange Commission Tuesday, dismissing the agency's claims against Merchant Capital LLC and refusing to impose penalties on the grounds that the principals of the debt-purchasing business had acted in good faith.
Howrey LLP has added two prominent Sidley Austin LLP litigators to its Chicago office.
Restoration Hardware Inc. has agreed to pay $3.7 million to settle a shareholder dispute that alleged Sears Holding Co. was precluded from making a higher offer than the current $179 million merger deal.
In yet another attempt by lawmakers to zero in on exactly what factors may be contributing to skyrocketing oil prices, a leading U.S. House of Representatives Democrat has introduced a bill that would authorize the Secretary of Energy to create a task force to study the issue.
CSX Corp. is asking shareholders to think twice about the nominees a pair of hedge funds is pushing to get on the company's board of directors, after a judge found this week that they gave false testimony and purposely evaded securities reporting requirements.
The U.S. Securities and Exchange Commission has targeted another medical device company for alleged violations of the Foreign Corrupt Practices Act by opening an informal investigation of Wright Medical Group Inc.
Adding to BP Plc's legal troubles in its Russian TNK-BP joint venture, four of the country's billionaires are reportedly planning to sue the oil company in a push to strip the BP-instated directors of their powers.
A $3 billion spat over credit default swaps has ended in a victory for Merrill Lynch & Co., after a federal judge granted the bank's motion to dismiss a case filed against the bank by a unit of bond insurance firm Security Capital Assurance.
Three former Merrill Lynch & Co. brokers who became entangled in a market-timing scandal in 2003 have been permanently barred from trading by the New York Stock Exchange.
Human resources company Certified Services Inc.'s former chief executive has been enjoined from violating securities laws and ordered to pay an undetermined sum in a case over an alleged scheme to divert money from the company into executives' pockets.
Take-Two Interactive Software Inc. faces a showdown with a federal judge after the video game company failed to comply with a subpoena to produce documents relating to a federal antitrust investigation of Electronic Arts Inc.'s $2 billion bid to buy the company.
Recently unsealed documents in the UnitedHealth Group Inc. options backdating class action reportedly indicate that the company's current CEO may have been more involved in the options-granting process than UnitedHealth had previously revealed.
Investigators reportedly believe Samuel Israel III, who was sentenced to 20 years in April for leading a hedge fund fraud scheme, may have faked his own death in order to avoid prison. Bolstering that suspicion, a federal judge issued a bench warrant Wednesday for Israel's arrest.
Clients of Wiley Rein LLP will soon benefit from years of congressional experience as the former chief counsel and staff director of the Senate Ethics Committee joins the firm as counsel.
As oil prices reach for the stratosphere and other commodities escalate, bringing droves of new investors into the commodity futures markets, the U.S. Commodity Futures Trading Commission will establish an interagency task force to monitor the markets and safeguard participants, the CFTC announced Tuesday.
The lead plaintiffs in the chief lawsuit to compel Yahoo Inc. to accept a takeover have asked the court to schedule a trial on disputed Yahoo severance plans before the Aug. 1 annual meeting where activist investor Carl Icahn plans to mount a proxy contest to force a sale.
Portable measurement devices and software maker Faro Technologies Inc. has agreed to pay a $1.1 million penalty and disgorge an additional $1.4 million to hold off federal prosecution and a civil enforcement action for allegedly bribing Chinese officials to the tune of almost $500,000.
A Wachovia Corp. shareholder has hit the bank and its executives with a purported class action for allegedly making false statements that the bank's loan underwriting practices were better prepared to withstand the credit crisis than other banks', then reporting quarterly losses due to the declining mortgage market.