The House Ethics Committee announced Wednesday that it had launched a formal investigation into the conduct of former Rep. Eric J. Massa, D-N.Y., who resigned in March amid claims that he had sexually harassed a male staffer.
The Senate Committee on Agriculture, Nutrition and Forestry on Wednesday approved a slightly modified proposal from chairwoman Blanche Lincoln, D-Ark., that Democrats say will bring 100 percent transparency to the unregulated $600 trillion over-the-counter derivatives market.
U.S. antitrust regulators have released proposed changes to the guidelines they follow when reviewing mergers, seeking comment on revisions experts said could elucidate the tools regulators currently use and potentially give enforcers additional flexibility when challenging mergers in court.
Greater authority and resources for federal regulators could have stopped failed investment firm Lehman Brothers Holdings Inc. from participating in off-sheet “Repo 105” tactics and other risky behavior prior to its collapse, U.S. House of Representatives Democrats said Tuesday.
Two private equity firms have agreed to pay $1.1 billion to acquire a 100 percent ownership stake in Sedgwick Claims Management Services Inc., an insurance claims administrator that has more than 150 offices and service locations in the United States and Canada.
The Charles Schwab Corp. has agreed to shell out $200 million to settle the remaining claims in an investor class action that alleged the investment company mismanaged its YieldPlus ultra-short bond fund by investing heavily in mortgage-backed securities.
Goldman Sachs Group Inc. has enlisted Skadden Arps Slate Meagher & Flom LLP's Gregory B. Craig, the White House's former chief counsel, to help it craft a litigation strategy to fight the U.S. Securities and Exchange Commission's fraud suit, a Skadden spokeswoman confirmed Tuesday.
U.S. antitrust regulators have released proposed changes to the guidelines they follow when reviewing mergers, outlining a more flexible process than the one described by the current guidelines.
A federal judge has sentenced ex-Homestore.com CEO Stuart Wolff to a 54-month prison sentence for his role in a $67 million accounting fraud.
Former White House Budget Director David Stockman has agreed to pay $7.2 million in disgorgement and civil penalties to the U.S. Securities and Exchange Commission for his alleged role in fraudulent schemes to inflate the reported income of now-bankrupt automotive parts manufacturer Collins & Aikman Corp. when he was the company's CEO.
Although the U.S. Securities and Exchange Commission's lawsuit against Goldman Sachs Group Inc. is welcome news, the agency should expand its investigation to determine whether other Goldman securities — particularly those insured by American International Group Inc. — were similarly designed to fail, according to two lawmakers.
A U.S. International Trade Commission administrative law judge ruled Monday that Monolithic Power Systems Inc., Asus Computer International Inc. and Microsemi Corp. have not infringed an O2 Micro International Ltd. patent covering backlighting technology for liquid crystal displays.
Toyota Motor Corp. has agreed to pay a $16.4 million civil penalty — the maximum possible — for failing to notify the National Highway Traffic Safety Administration of the now notorious “sticky pedal” defects.
The U.S. Supreme Court has agreed to consider whether Costco Wholesale Corp. can sell Omega SA watches it legally bought outside the U.S. — a case that may answer the question of whether the so-called first-sale doctrine in copyright law applies to foreign works.
A unit of Kinder Morgan Energy Partners LP has agreed to pay $205 million to settle a slew of pipeline rate challenges from 11 shippers across a range of industries, including energy giant Exxon Mobil Corp. and airline US Airways Inc.
The Supreme Court of Mississippi has revived the state of Mississippi's suit against Bayer Corp. alleging the pharmaceutical company misrepresented the average wholesale prices of drugs and caused the state's Medicaid program to pay more for medications.
California Attorney General Jerry Brown said Monday that his office filed a petition seeking to force financial products rating company Moody's Investors Service Inc. to "explain why it gave its highest ratings to 'risky and toxic'" mortgage-backed securities that cost investors and taxpayers billions.
The U.S. Supreme Court has agreed to hear a case that examines the “cat's paw” theory of employment law, looking at whether an employer can be held liable for unlawful discrimination by an official other than the primary decision-maker.
Democratic lawmakers looked to capitalize Friday on the U.S. Securities and Exchange Commission's allegations that Goldman Sachs Group Inc. cheated investors in mortgage-backed securities, with the case becoming the latest weapon in the ongoing congressional battle over financial reform on Wall Street.
The U.S. Securities and Exchange Commission suspected that Robert Allen Stanford was running a Ponzi scheme as far back as 1997 but declined to rein him in because it was more interested in pursuing “slam dunk” cases, according to an SEC report made public Friday.