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A Georgia federal jury found against one man and cleared another Friday after the Securities and Exchange Commission accused them of raking in $550,000 by trading on inside information about a pending acquisition by Sanofi Aventis SA in 2009.
A Kansas federal judge on Friday sided with the U.S. Department of Labor in upholding a new fiduciary rule for retirement account advisers related to fixed indexed annuity sales, finding the agency did not exceed its authority in ushering it in.
Two high-ranking employees of HD Supply Holdings Inc.’s former Power Solutions unit launched a class action in Delaware Chancery Court late Thursday claiming their stock compensation did not fully vest as promised when the subsidiary was sold to Anixter International Inc.
Former securityholders of medical imaging device maker Neurostar Solutions Inc. said in a lawsuit unsealed Friday in Delaware Chancery Court that the company that bought the firm in 2014 is withholding more than $1.7 million of cash placed into escrow as part of the deal without justification.
The U.S. Securities and Exchange Commission on Friday announced that it has signed an information sharing pact with a group of state securities regulators to monitor the effects of new rules for intrastate crowdfunding and regional offerings.