British lawmakers called Tuesday for News Corp. CEO Rupert Murdoch, his son and another executive to appear before a parliamentary committee and answer questions about the widening phone-hacking scandal that has rocked the media mogul’s publishing empire.
Two former Duane Reade Inc. executives awaiting sentencing for artificially inflating the value of the drugstore chain told a New York federal court Monday that prosecutors failed to prove any losses suffered by the private equity firm that acquired the company in 2004.
A federal judge in New York on Monday refused to let Bernard L. Madoff's longime associate leave house arrest for a two-week trip to her home in Florida as she awaits trial over her alleged role in the massive Ponzi scheme.
A New York bankruptcy judge on Tuesday approved the first distributions to victims of Bernard Madoff's Ponzi scheme, allowing for $272 million in initial payments to customers deemed to have been net losers in the $65 billion fraud.
Federal prosecutors in California on Thursday criminally charged Johnson & Johnson subsidiary Scios Inc. with mislabeling Natrecor, a drug used to treat a type of heart failure.
The California National Guard's former manager of bonuses and incentives admitted Thursday to submitting $15.2 million dollars in false claims to the U.S. Department of Defense for student loan payments and bonuses for members who weren't eligible for them.
The Securities Investor Protection Corp. on Monday fought a bid by the New York Mets’ owners to dodge a lawsuit seeking to claw back $1 billion lost in Bernard Madoff’s Ponzi scheme, saying the trustee overseeing the case was entitled to bring the suit.
A former broker for Sky Capital LLC testified Monday in a New York federal trial over an alleged $140 million investment fraud that he received perks for pushing company stock, including undisclosed bonuses and outings to strip clubs and a London brothel.
A federal grand jury in California on Thursday accused a former San Francisco lawyer of running a $10 million Ponzi scheme in which he invested in trade commodities without his clients' knowledge and used whatever he didn't lose to pay off his debts.
A project supervisor who conspired to illegally remove asbestos from the 19-story Equitable Building in Des Moines, Iowa, should be sentenced only to probation, his attorney argued Monday in Iowa federal court.
A former Louisiana lawmaker accused of racketeering can present evidence that she is a law-abiding citizen who has made a positive impact on her community, after a federal judge on Monday shot down prosecutors' attempts to exclude the testimony.
The bankruptcy trustee for Affiliated Foods Southwest Inc. sued the defunct supermarket supplier's former board of directors in Arkansas on Thursday for failing to spot an $11.5 million check-kiting scheme that defrauded U.S. Bank NA and other lenders.
A federal judge rejected prosecutors' request Thursday to reconsider an order forcing a former University of Florida professor and his wife to forfeit about $390,000 for trying to defraud NASA out of $3.7 million using small business contracts.
Rajat K. Gupta, an ex-Goldman Sachs Group Inc. director implicated in the Galleon Group LLC insider trading case, won permission Monday in New York to proceed with his suit challenging the constitutionality of the U.S. Securities and Exchange Commission’s administrative action against him.
A Texas businessman pled not guilty Friday to falsifying inspection reports for space vehicle parts that were part of more than $286,000 in NASA contracts.
The Seventh Circuit ruled Friday that an Illinois statute signed by ex-Illinois Gov. Rod Blagojevich funneling a percentage of riverboat casino profits to race tracks was not a fee but a tax that could not be enjoined by federal courts.
Disbarred attorney Mark Roy Anderson entered a plea agreement in California on Thursday in a case accusing him of swindling investors out of nearly $9.5 million after promising massive profits for investments in Terax Energy Inc., Westar Oil Co. and other companies he allegedly controlled.
Barnes & Thornburg LLP on Tuesday announced the expansion of its Chicago and Columbus, Ohio, practices with the hiring of two new commercial litigators with expertise in corporate finance, securities and white collar criminal defense.
Dick's Sporting Goods Inc. took exception Friday to subpoena requests from the retailer's former attorney in New York federal court, arguing that the documents had little to do with kickback allegations against him.
An Iowa concrete company pled guilty Friday to conspiring to fix ready-mix concrete prices in the state, amid a broad antitrust probe into the industry in the region.