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A New York federal judge on Friday partially dismissed a suit alleging more than 20 major worldwide banking institutions rigged Singapore’s benchmark interest rates, saying the investors who brought the case didn’t specifically link all defendants to the alleged conspiracy while giving them time to file a new complaint.
A pair of LendingClub Corp. shareholders filed a derivative suit Friday in Delaware Chancery Court, alleging the company’s board breached its fiduciary duties by not ensuring LendingClub had sufficient internal financial controls and lied about them in regulatory filings.
The former CEO of Atlanta, Georgia-based Summit Wealth Management on Friday was sentenced to eight years in prison after previously pleading guilty to charges of conspiring to defraud investors of more than $24 million dollars.
The U.S. government was asked Thursday if it would like to respond to a Wall Street investor’s court effort to unravel Puerto Rico’s historic insolvency proceedings, in which the creditor hedge fund argues that the members of the federal board representing the commonwealth were unconstitutionally appointed.
The liquidating trustee of defunct ticket reseller National Events Holdings LLC has begun a long-anticipated investigation into the events surrounding the downfall of the alleged Ponzi scheme vehicle and the disappearance of $70 million, filing a flurry of motions in New York bankruptcy court seeking discovery from seven big banks.