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Bio-Rad's CEO admitted in a California federal court Thursday that he answered a Sarbanes-Oxley complaint brought by the company's general counsel by giving the U.S. Department of Labor a backdated review of the fired lawyer.
Prosecutors accusing a former J.P. Morgan Securities LLC analyst of tipping off friends about pending acquisitions on Thursday called an FBI special agent to tell a California federal jury how the analyst's friends often bought securities just minutes after he would contact them.
A lower court properly tossed a proposed shareholder class action alleging Hewlett-Packard Co. and its ex-CEO Mark Hurd committed securities fraud by touting their high ethical standards while Hurd hid an illicit relationship with a company contractor, a Ninth Circuit panel ruled Thursday.
Massachusetts law firm Graves Law Office PC can't escape a suit brought by investors in telecommunications company ELM One, an Illinois federal judge ruled Thursday, in a case alleging the firm was negligent in representing the plaintiffs, as the lead attorney was also the director of ELM One and thus had a conflict of interest.
Pharmaceutical giant AbbVie Inc. told an Illinois federal judge Wednesday that a new proposed class action in county court accusing the company of common law fraud does not allege anything the U.S. District Court has not already rejected.