Jury Hands J&J, Bayer Win In 3rd Xarelto Bellwether

Activist investor and CVR Energy chair Carl Icahn resigned Friday as President Donald Trump’s special regulatory adviser in the wake of conflict of interest questions related to his renewable-fuel market activities and ownership in insurance giant American International Group.

A Texas federal jury Friday found the former CEO of ArthroCare Corp. guilty of wire fraud and securities fraud for his role in a scheme to inflate the medical device company’s sales and revenue numbers, which cost investors $750 million, after his first conviction was vacated and gave way to a retrial.

The Electronic Privacy Information Center has lost its bid to secure the release of President Donald Trump’s tax returns, with a D.C. federal judge holding Friday that the president needs to give his consent or Congress has to sign off, but either way, there’s nothing the court can do.

A former assistant director at the United Auto Workers Chrysler Department was charged Friday in Michigan federal court with violating the Labor Management Relations Act by allegedly accepting money and other gifts from Fiat Chrysler Automobiles US LLC employees.

The U.S. Securities and Exchange Commission on Friday dropped its lawsuit against two European former derivatives traders at JPMorgan Chase & Co. involved in the $6 billion “London Whale” debacle about a month after federal prosecutors threw in the towel on the criminal case.

Banca IMI Securities Corp., a subsidiary of Italian bank Intesa Sanpaolo SpA, will pay more than $35 million to settle U.S. Securities and Exchange Commission charges that BISC received American shares of foreign companies without owning the underlying securities, the SEC said Friday.

A Sixth Circuit panel on Friday shot down a challenge to Foreign Account Tax Compliance Act measures from Sen. Rand Paul, R-Ky., and others, ruling that the group can’t show they were actually harmed by the law.

Two tutoring company executives, a union official and a software engineer on Friday denied their roles in a $5 million insider trading scheme, in which a former Bank of America vice president is accused of doling out confidential merger information he obtained from the bank.

President Donald Trump on Friday announced that he will elevate U.S. Cyber Command to a top-level military command focused on cyberspace operations, with U.S. Department of Defense brass also considering whether to separate Cybercom from the National Security Agency.

A North Carolina federal judge on Thursday nixed six claims brought by a proposed class of students alleging a recently shuttered for-profit law school misled them about its accreditation status, but said the students can amend their three remaining claims.

A Houston man who ran five home health care providers through which he operated a scheme that defrauded Medicaid and Medicare out of more than $17 million was sentenced to prison Thursday for his role in the crime and was ordered to pay the government restitution.

Bank of America NA and Deutsche Bank AG have agreed to pay a collective $65.5 million to settle with investors over a purported scheme to rig the SSA bond market, according to settlement proposals filed Thursday.