As Swiss bank UBS AG faces scrutiny by federal regulators over alleged improper manipulation of Treasury securities prices, two senior bond traders are set to leave the company’s trading desk.
One of the original investors in MySpace.com has filed an antitrust lawsuit against the Web site’s parent company, News Corp., accusing the media giant of trying to monopolize the U.S. market for social networking sites.
The International Securities Exchange is continuing its fight to compete with the Chicago Board Options Exchange, filing a lawsuit alleging that it should be able to list the Dow Jones Industrial Average and Standard & Poor’s 500 index options without a license.
Embattled ex-New York Stock Exchange chairman Richard Grasso should return $112.2 million to his former employer, New York Attorney General Eliot Spitzer said in a court filing Thursday.
On the eve of trial, a federal judge has clarified the definition of a term at the center of an antitrust class action lawsuit alleging that a slew of pharmaceutical companies defrauded consumers by artificially inflating the prices of various prescription drugs.
After months of wrangling, one of the banks that financed Enron Corp. has reached an agreement with the beleaguered energy giant to settle litigation stemming from the company’s collapse.
Drug maker Warner Chilcott Ltd. deliberately failed to disclose that it had pulled one of its top earning drugs from shelves amid a federal antitrust investigation just days before its initial public offering, shareholders have alleged in a newly filed class action securities suit.
Two years after former executives were sentenced to prison, the Philadelphia prosecutor’s office has ended its probe into Commerce Bancorp Inc. in connection with an extensive corruption investigation.
The American Civil Liberties Union and other law advocacy groups filed a petition Wednesday that accused the United States of failing to protect millions of undocumented workers from workplace exploitation and discrimination.
The bankruptcy judge in Refco Inc.’s Chapter 11 case has granted a motion seeking the appointment of a consumer privacy ombudsman, bringing the bankrupt commodities brokerage a step closer to selling off a list of Refco F/X Associates' foreign exchange customers.
Trimming surplus fat off of Silicon Graphics Inc.’s recent emergence from bankruptcy, a federal judge on Wednesday granted the company’s requests to eliminate invalid claims and reduce excessive ones.
Former Computer Associates chief executive Sanjay Kumar was sentenced to 12 years in prison and fined $8 million Thursday in connection with a $2.2 billion accounting fraud scandal at the company.
A Verizon operator has hit the telephone giant with a lawsuit in which she alleges a male superior engaged in lewd behavior at work while donning a bra-and-panty set and heels.
American Girl Place, headquarters to an historical doll empire, has slapped the Actors’ Equity Association with an unfair labor practices charge, accusing the group of trying to exert unfair influence in a forthcoming vote over representation.
A main shareholder of Cyberonics Inc., hedge fund Metropolitan Capital Advisors Inc., said Wednesday that it has asked the Delaware Court of Chancery to require the company to hold its annual meeting.
A Manhattan bankruptcy court has expunged hundreds of claims against Calpine Corp., relieving the embattled energy provider of potentially billions of dollars in liabilities.
The former general counsel of Comverse Technology Inc.—and right-hand man of Comverse founder and former chairman Jacob “Kobi” Alexander—was expected to plead guilty on Thursday to charges of illegal stock options backdating at the company.
Continuing its growth in the IP arena, King & Spalding LLP has added Margaret “Peg” Brivanlou as a partner to the firm's IP practice group.
ImClone Systems Inc. should pay restitution and royalties and be required to get a license for its popular cancer drug Erbitux from the true inventors of the drug, an attorney for the inventors said Tuesday in a recent court filing.
A federal judge has cleared up a dispute over the amount of the jury award in the retaliation case against hip-hop magazine The Source, holding that the 3 defendants are liable for a total of $4 million in compensatory damages as a group, not $4 million each.