A mutual fund will likely be allowed to push a proposal to Lehman Brothers Holdings Inc. shareholders that questions the bank's stance on environmentally friendly policies.
A judge has rebuffed a former Westar Energy Inc. executive's bid to access documents produced by his former employer's counsel. The executive hoped to find evidence that the company helped the government in the fraud case against him in order to escape being prosecuted itself.
A federal judge has shot down Amgen Inc.'s bid to duck out of a shareholder lawsuit alleging the biotech company misled investors by concealing the results of a clinical study involving two of its top-selling anemia drugs.
An unorthodox ERISA case filed by investors claiming that their pension fund breached its fiduciary duty by selling a stock just before the price increased has ended in a victory for investment manager State Street Bank and Trust Co., after a judge ruled in favor of the bank and tossed the case.
In a major boost to its white-collar practice, Holland & Hart LLP will soon add to its ranks Cliff Stricklin, the U.S. Department of Justice attorney who helped the government win its case against former Enron executives Kenneth Lay and Jeffrey Skilling.
A former business partner of the president-elect of South Korea will have to pay $50 million in damages to investors in his venture capital firm, after a U.S. federal court ruled Wednesday that he had manipulated stock prices and embezzled from the firm.
Just a few months after a Texas county court handed down a verdict in a case filed against TerreStar Corp. by Highland Crusader Offshore Partners LP over a proposed share swap, the parties are heading back to court to dispute the same deal.
A judge granted a bid Monday by the U.S. Department of Justice to issue a protective order in a fraud suit brought by the U.S. Securities and Exchange Commission against former executives at Qwest Communications International Inc. — but only for 60 days.
The U.S. Securities and Exchange Commission on Tuesday announced a $24 million settlement with four Hong Kong residents, including a former Dow Jones & Co. board member, for illegal tipping and trading in Dow Jones securities.
A proposed class of Sallie Mae investors has accused the student lending giant of failing to promptly disclose some cutbacks it made and losses it sustained during 2007 due to the tightening credit market and new federal legislation.
The managing director of disgraced securities company AmeriFirst Funding Inc. has been found in contempt for violating an asset freeze imposed after he was accused of conning elderly investors out of roughly $35 million, by selling a painting that was included in the freeze.
The financial firm Ritchie Capital Management LLC, its chief executive and its affiliated hedge fund agreed on Tuesday to pay $40 million to bury the U.S. Securities and Exchange Commission's illegal trading charges.
A court has granted summary judgment in a case filed by futures regulators against a Michigan couple who allegedly bilked investors of more than $2 million in a fraudulent futures trading scheme, ordering the pair to pay $3.14 million in restitution and fines.
The U.S. Securities and Exchange Commission has reportedly launched an investigation into stock sales made by an American board member of Societe Generale just before the bank announced multibillion-dollar losses caused by a rogue trader.
Anticipating a tidal wave of legal issues precipitated by the subprime mortgage meltdown, Locke Lord Bissell & Liddell LLP announced Monday it has created a financial guaranty insurers section.
Though the U.S. Supreme Court declined Friday to hear a case filed against Enron's major underwriters, the plaintiffs will have one last chance to prove their claims against the banks.
An intellectual property attorney with San Francisco-based Dergosits & Noah LLP has been disbarred in the District of Columbia for insider trading, though the decision will not affect his California practice.
The former president of a ConAgra Foods Inc. subsidiary has agreed to pay the U.S. Securities and Exchange Commission more than $350,000 to put to rest allegations of improper accounting practices.
A former Pepper Hamilton partner who left the firm for a position at the Financial Industry Regulatory Authority has returned to Pepper's commercial litigation practice group.
Former Credit Suisse Group investment banker Hafiz Naseem was reportedly found guilty on Monday of insider trading and conspiracy. The 37-year-old from Pakistan was accused of illegally feeding inside information to his friend Ajaz Rahim.