New Castle Partners LLC co-founder Mark Kurland has agreed to turn over more than $3.5 million in a U.S. Securities and Exchange Commission suit related to insider trading charges involving his hedge fund and Galleon Group LLC.
The U.S. Securities and Exchange Commission is investigating information that officials from Pennsylvania's debt-ridden capital Harrisburg provided to investors in the municipal bond market.
The owner of Hawaii-based Grand Wailea Resort Hotel & Spa and 29 other subsidiaries associated with luxury hotels have filed for Chapter 11 after a lender group that includes affiliates of hedge fund Paulson & Co. Inc. took control of them through a foreclosure auction.
A coalition of more than 22,000 defense trial lawyers and corporate counsel is backing Wal-Mart Stores Inc. in its quest to have the U.S. Supreme Court overturn class certification in a massive employment discrimination case.
A Terremark Worldwide Inc. investor has launched a proposed class action in hopes of blocking Verizon Communications Inc.'s takeover of the software company, claiming the telecom giant's $1.4 billion offer severely undervalues the cloud computing specialist.
Nutter McClennen & Fish LLP partner Ian D. Roffman has been hired to coordinate the Massachusetts state treasurer's response to an inquiry by U.S. securities regulators into the relationship between Goldman Sachs Group Inc. and former treasurer Timothy Cahill's ex-staffers.
Google Inc. has hired Stewart Jeffries, the antitrust counsel for Republican U.S. representatives, as it faces a possible federal challenge to its $700 million acquisition of ITA Software Inc.
A federal judge in Florida ruled Monday that the entire federal health care law must be voided because its provision requiring individuals to buy health insurance or pay a penalty is unconstitutional, siding with 26 states challenging the divisive statute.
GlaxoSmithKline PLC has settled with the family of an Avandia patient who died of a heart attack in 2006, dodging the possibility of a large jury award in the first case a part of multidistrict litigation to go to trial.
The management consulting firm McKinsey & Co. Inc. has called a subpoena issued by Galleon Group LLC co-founder Raj Rajaratnam nothing more than a "fishing expedition" on the eve of his trial over criminal insider trading allegations.
Airbus SAS asserted Monday that new reports from the World Trade Organization represent a win for the company in the trans-Atlantic feud over U.S. and European governmental subsidies to Boeing Co. and Airbus, respectively.
The human resources manager at Toshiba Corp.'s American nuclear energy subsidiary slapped the Japanese electronics company with a sex discrimination class action Monday.
A Minnesota day trader serving a nearly 10-year prison sentence for scamming investors out of over $21.5 million was hit with an additional $85 million penalty in a civil case stemming from the Ponzi scheme.
Taco Bell Corp. rolled out a major advertising push Friday to counter a new class action alleging it misled consumers about the content of its beef, but attorneys were split on whether the campaign would help or hinder its efforts in court.
A judge on Friday sentenced the boyfriend of a former Walt Disney Co. executive assistant to a little over two years in prison for trying to sell the company's financial information to Wall Street traders ahead of its public release.
Incarcerated HealthSouth Corp. founder Richard Scrushy has lost an appeal of a $2.9 billion judgment against him in a shareholder derivative action over his role in a fraud that almost destroyed the company.
A Delaware judge has all of the evidence he needs to decide whether to invalidate the poison pill that has stalled Air Products and Chemicals Inc.’s $5.9 billion hostile bid for rival Airgas Inc., but a ruling will not come until at least February.
The U.S. has intervened in a False Claims Act suit accusing Boston Scientific Corp. and its Guidant subsidiaries of selling defective cardiac implants knowingly to Medicare patients, on the heels of Guidant's guilty plea to related criminal charges.
A federal judge Thursday granted Sony Computer Entertainment America LLC 's request for a temporary restraining order against alleged PlayStation 3 hacker George Hotz.
The U.S. and South Korea have finalized the language of their pending free trade deal, moving the accord closer to a vote by the legislatures in each country.