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Former New York broker Gregg Schonhorn was sentenced Wednesday to a year and a day in prison for his role in a pay-to-play bribery scheme in which a former New York pension fund director steered more than $3 billion in business from the New York State Common Retirement Fund to corrupt brokers, despite the defendant's "exceptional" cooperation with authorities.
A Ninth Circuit judge appeared skeptical Wednesday of Bio-Rad Laboratories Inc.'s arguments in favor of overturning an $11 million whistleblower judgment against the company, repeatedly questioning its counsel during a hearing on how an erroneous jury instruction would change the outcome of the verdict.
A Delaware vice chancellor encouraged former real estate mogul Nicholas Schorsch, a Vereit Inc. affiliate and others to soldier on Wednesday in an $18 million fee advancement dispute linked to litigation over the meltdown of American Realty Capital Partners in 2015
International Paper Co. must face a former driver’s claim that the company has a practice of firing workers before they turn 55 to prevent them from collecting early-retirement benefits, a California federal judge ruled Tuesday.
An investor in United Airlines told a Delaware Chancery Court judge Wednesday that its claims against the company, its directors and former CEO over allegedly excessive compensation given to the executive after he was involved in a bribery scheme should survive because corporate officers shouldn’t be rewarded for bad behavior.