The city of Bell, Calif., on Thursday filed a malpractice suit against Best Best & Krieger LLP and Oliver Sandifer & Murphy, claiming a former partner in the firms let ex-officials plunder municipal funds as city attorney, and that BB&K botched a bond transaction.
Mathew "Beau" La Madrid was sentenced Thursday to 10 years in prison after pleading guilty in California to running a $30 million hedge fund fraud with his brother through their investment company Plus Money Inc.
The former CEO of defunct networking technology company Pegasus Wireless Corp. pled guilty on Thursday in a California federal court to charges stemming from the illegal sale of millions of shares of stock he issued to satisfy bogus debt.
Former media baron Conrad Black on Thursday told the Illinois federal judge overseeing civil fraud claims against him that the reversal of parts of his related criminal conviction should dramatically reduce the $3.8 million he was ordered to disgorge.
The head of a Cleveland-area road paving company on Wednesday decided to plead guilty for his role in a sweeping bribery scandal that has implicated several Ohio politicians and judges.
The Fifth Circuit on Thursday upheld a Mississippi biodiesel company head's conviction for defrauding a U.S. Department of Agriculture alternative fuel subsidy program of $3 million.
A Washington federal judge on Wednesday rejected an International Organization for Migration construction manager's bid to dismiss charges that he solicited bribes for subcontracts in Afghanistan, finding that the criminal case against the Australian citizen can reach beyond the U.S.
The trustee overseeing the liquidation of Bernard L. Madoff's investment firm suffered a stinging defeat Thursday when a New York federal judge dismissed common law claims making up the bulk of his nearly $9 billion lawsuit against HSBC Holdings PLC.
A proposed class of fishermen reached a settlement Wednesday in Louisiana with boat owners and others involved in a 2008 collision and oil spill in the Mississippi River that led to criminal charges against a tugboat captain.
Sidley Austin LLP announced Thursday that a veteran federal prosecutor had jumped to its white collar practice in the firm's New York office, bringing along extensive experience in trial work, government enforcement and Foreign Corrupt Practices Act matters.
The former CEO of New York-based Kane Capital Strategies Inc. has agreed to pay $250,000 and cooperate in a multistate investigation into bid-rigging in the municipal bond derivatives industry, Connecticut's attorney general said Thursday.
The Senate Judiciary Committee on Thursday approved a bill co-sponsored by Sens. Patrick Leahy, D-Vt., and John Cornyn, R-Texas, that aims to provide prosecutors with stronger tools for tackling public corruption.
Prosecutors in the corruption retrial of former Alaska House of Representatives Speaker Pete Kott on Wednesday told an Alaska federal judge that the politician, accused of taking $400,000 in bribes, should not be granted a venue change for an out-of-state trial.
A New York federal judge on Monday held an ex-Taro Pharmaceuticals Industries Ltd. executive currently jailed for insider trading in contempt for failing to pay a $2 million final judgment in a related U.S. Securities and Exchange Commission suit against him.
A federal judge in Alabama on Thursday refused to acquit the state senators, lobbyists and casino owner accused of buying and selling votes in order to pass pro-gambling legislation.
A New York federal judge ruled Thursday that two former New York Presbyterian Hospital facilities administrators will face two criminal trials instead of one over allegations that they took kickbacks in exchange for awarding more than $42 million in contracts.
The trustee overseeing the liquidation of Bernard L. Madoff's investment company reached a settlement Thursday with Tremont Group Holdings Inc. — the operator of the Ponzi schemer's second-largest feeder fund — worth just over $1 billion.
The receiver recovering funds from WexTrust Capital LLC for a $255 million Ponzi scheme that led to prison terms for company executives sued two insurers Tuesday in New York, demanding they fund a $13 million malpractice settlement reached with WexTrust's law firm.
Prosecutors urged a Virginia federal court Wednesday to send a former state legislator to prison for up to 15 years for trading state money for a job at Old Dominion University, saying "his insidious and shameful conduct" merited severe punishment.
Federal prosecutors are negotiating a plea deal in New Jersey with a computer hacker accused of attacking servers at AT&T Inc. and stealing the email addresses of 120,000 iPad users, according to court papers filed Wednesday.