Nancy Morris, the secretary of the U.S. Securities and Exchange Commission, left the agency on Friday to become an executive vice president at Allianz Global Investors of America, the SEC has announced.
Whole Foods Market Inc. CEO John Mackey has apologized to company stakeholders and criticized the media for “malicious speculation” and “misleading coverage” about his anonymous Web postings against then-rival Wild Oats Markets Inc. that spurred investigations by the company and the U.S. Securities and Exchange Commission.
Bear Stearns Cos. will reportedly hand over documents to the U.S. Securities & Exchange Commission that reveal that big guns like Goldman Sachs Group slashed their exposure to the financial giant only days prior to its collapse.
Alston & Bird LLP has hired Carol McGee, former deputy chief counsel for the U.S. Securities and Exchange Commission's corporate finance division, as a partner in its Washington, D.C., securities practice, the firm announced Tuesday.
An appeals court has refused to consider the appeal of a lower court's decision dismissing a derivative lawsuit against biotechnology company Isolagen Inc., saying the appeal was premature because the district court's decision was not sufficiently final.
Lawyers for Melvyn Weiss have asked a judge to give their client a sentence of 18 months for his role in a kickback scheme, noting the once-prominent attorney's age, charitable work and place as “one of the most extraordinary men of this generation.”
The U.S. Securities and Exchange Commission broadened international accounting standards on Friday by signing cooperative agreements with financial regulators in four European countries.
A former lawyer at Baker & McKenzie LLP has been indicted on charges of money laundering and wire fraud stemming from an alleged theft uncovered after he was earlier indicted on securities fraud.
Amtrak's largest public shareholder has accused the national train carrier of violating its statutory obligations by failing to redeem its stock at fair market value after nixing a buyback deal that would have included real estate.
The U.S. Securities and Exchange Commission's probe of the former American International Group Inc. chief executive reportedly extends beyond a review of a deal the insurer struck with General Reinsurance Corp. to include a second agreement that affected the company's earning restatement in 2005.
VAALCO Energy Inc. and Nanes Delorme Partners I LP have settled a proxy battle and legal dispute over the hedge fund's attempts to replace three of the energy company's board members with its own representatives.
Tellabs Inc. CEO Michael Birck is now off the hook in the ongoing securities suit against the technology company, after a federal judge ruled that claims that Birck engaged in illegal insider trading did not meet federal standards of liability.
The U.S. Department of Justice has appointed a slew of former prosecutors and other government officials as corporate monitors in arrangements to watch over deferred prosecution agreements, a process that has recently come under intense scrutiny by lawmakers as they question how forthcoming the DOJ has been.
In a decision many say has the power to potentially upend 30 years of precedent in the mutual fund industry, shareholders and mutual fund trustees are still trying to read the tea leaves of a recent appeals court ruling that said judges shouldn't cap mutual fund advisory fees.
A federal judge has denied Amaranth Advisors LLC's attempt to have a suit brought by the U.S. Commodity Futures Trading Commission tossed out, leaving the regulatory organization free to pursue its claims that the defunct hedge fund's energy trading constituted market manipulation.
In a case that provides a window into the elaborate financing that fueled the onetime subprime securities boom, a New York state judge has tossed a complaint against a UBS AG affiliate in a $475 million dispute over real estate-related debt obligations.
Embattled class action firm Milberg LLP, which is facing trial in August on charges it paid illegal kickbacks to lead plaintiffs, is fighting efforts by prosecutors to recoup the proceeds of the alleged 20-year conspiracy.
A group of shareholders has accused insurance Goliath American International Group Inc. of federal securities fraud for covering up the extent of its exposure to collateralized debt obligations in the residential mortgage market, which has notoriously tanked over the past year.
A former Bayou Fund LLC executive sentenced to 51 months in prison for allegedly defrauding investors out of millions of dollars has settled a civil injunction action from the U.S. Securities and Exchange Commission.
Shareholders of a bank that Capital One Financial Corp. acquired in 2006 have filed a proposed class action against Computershare Inc., saying the exchange agent failed to convert their old shares into Capital One shares and cash as promised, causing significant loss of potential profit and interest.