Marking a setback for a bankrupt Enron Corp. unit, a federal bankruptcy judge has ruled that communications between two former executives are not protected from disclosure by the attorney-client privilege under the crime-fraud exception.
In a precedent-setting employment case, the United States Court of Appeals for the Third Circuit ruled in favor of the Vanguard Group Inc., forming a distinction between the two types of company bonus programs in regards to the Family and Medical Leave Act.
Employees of Morgan Stanley DW Inc. have hit the investment bank with a class action suit alleging the firm does not adequately compensate them for overtime.
The U.S. Securities & Exchange Commission has dropped its probe into SunTrust Banks Inc., refusing to take action against the bank for alleged accounting errors related to bad loans.
In one of the largest settlements to date in the investigations into the misdeeds of the mutual fund industry, a subsidiary of Prudential Financial Inc. has agreed to pay $600 million to resolve a probe into allegations of improper market timing.
A federal judge ruled Thursday that Finova Capital Corp. will have to hand back about $95 million to Thaxton Group Inc., a bankrupt operator of small loan offices.
Risk management company Arthur J. Gallagher & Co. said Thursday that its subsidiary, Gallagher Bassett Services Inc., has been subpoenaed by the Illinois attorney general.
The U.S. Equal Employment Opportunity Commission has found that Deutsche Bank Securities Inc. discriminated against a former saleswoman on the basis of gender.
As the options backdating scandal continues to widen, regulators and shareholders may soon set their sights on a new target: the attorneys and auditors consulted in the development and execution of executive stock options plans.
The fate of a proposed $2 billion settlement to wrap up Refco Inc.’s contentious bankruptcy proceedings is still up in the air after a federal bankruptcy judge Thursday once again postponed a decision on the deal.
Louisiana insurance policy holders will get more time to file claims relating to damage caused by Hurricanes Katrina and Rita, thanks to two new laws approved by a state judge on Wednesday.
Aon Corp. is in the middle of talks with New York Atty. Gen. Eliot Spitzer’s office, hoping to ease some restrictions on how Aon receives compensation.
The United States Attorney's Office for the District of Columbia has abandoned its investigation into Fannie Mae, declining to file charges against the embattled mortgage lender for its alleged accounting misdeeds.
The U.S. Trustee overseeing Best Manufacturing Group LLC’s bankruptcy case has objected to the company’s choice of an investment bank, balking at fees that “could total millions of dollars.”
The Chicago Board Options Exchange called off merger discussions with the Chicago Board of Trade, just a few hours before the CBOT lodged a lawsuit against the options exchange.
A move by the Office of the Comptroller of the Currency to drop a formal sanction against Wells Fargo & Co. for weak money-laundering controls was ruled improper by the U.S. Treasury Department’s inspector general on Wednesday.
Brokerage giant Merrill Lynch has asked the court to relieve it of its obligation to find a claimant in a high-profile sex-discrimination lawsuit a job, saying that she had turned down a management position the company offered.
The U.S. Securities and Exchange Commission has nabbed one banker from a renegade Estonian financial services firm that allegedly stole press releases from more than 200 U.S. public companies and traded on the news before it reached the public.
The U.S. Securities and Exchange Commission did not respond quickly enough to concerns about its probe into hedge fund Pequot Capital Management expressed by the Senate Finance Committee, according to a letter sent to the SEC by committee Chairman Charles Grassley.
Bankrupt flooring company Congoleum Corp. is one step closer to untangling its messy insurance situation, after Century Indemnity Co. agreed to pay $16.95 million to a trust created to pay off asbestos claims filed against Congoleum.