Boosting the firm’s New York ranks, Cadwalader, Wickersham & Taft LLP has added a securities veteran from Davis Polk & Wardwell to serve as co-chairman of the firm’s regulatory practice group.
A federal judge refused Monday to overturn the government corruption convictions of ex-HealthSouth chief executive Richard Scrushy and disgraced ex-governor of Alabama Don Siegelman.
The U.S. Supreme Court will not hear a case filed by shareholders of the now-bankrupt software company Peregrine Systems Inc. that would have determined whether the securities laws of one state apply to companies incorporated in other states.
An Israeli-born executive at the center of the U.S. options-backdating scandal told a Namibian court Monday he would plead not guilty and asserted that the warrant for his arrest was invalid.
The Second Circuit Court of Appeals ruled on Monday that the Securities and Exchange Commission acted properly in deciding how to distribute a $750 million settlement resulting from a securities class action filed by WorldCom Inc. investors.
A federal bankruptcy judge gave the green light on Friday to litigation between E-Trade Financial Corp. and MarketXT Holdings Corp., allowing the companies’ fraud allegations against each other to proceed in the bankruptcy court where MarketXT’s Chapter 11 case is pending.
A federal judge has approved the $400 million settlement reached last year between wronged investors and Qwest Communications International Inc., although the telecom is still entrenched in numerous legal battles with parties that opted out of the deal.
Ryan’s Restaurant Group Inc. said Friday that it has settled a lawsuit filed in July related to a proposed $876 million merger deal with Buffets Holdings Inc.
A federal judge has ordered Refco Inc. to pay more than $4.2 million in legal fees to securities customers who argued they contributed to Refco’s reorganization process by suing one of Refco’s affiliated debtors.
Complying with U.S. Securities and Exchange Commission regulations just got a little easier for mutual funds. The SEC has amended its redemption fee rule, and extended the deadline for fund compliance.
Andrew D. Bailey Jr., the former deputy chief accountant for the Securities and Exchange Commission, has joined Grant Thornton LLP.
Amaranth Advisors LLC, the hedge fund that announced it had lost $6 billion just over a week ago betting on natural gas prices, said it might liquidate if it cannot find a buyer—and its top candidate for a buyer just bowed out of talks.
The former directors and officers of mortgage lender American Business Financial Services Inc., which converted to Chapter 7 in May 2005, are scrambling for extra insurance funds to pay defense costs for lawsuits alleging fraud lodged against them.
A French court has made an agreement in principle to extradite the former Bawag PSK chief executive whose alleged mishandling of funds led to billions of euros in losses for the Austrian bank and contributed to Refco Inc.’s collapse.
Dutch food conglomerate Royal Ahold NV will not face criminal charges stemming from an accounting fraud scheme that brought the supermarket giant to the brink of bankruptcy, according to the U.S. Attorney for the Southern District of New York.
Shareholders of Tribune Co. have dropped their lawsuit against eight Tribune directors less than two weeks after they accused the media holding company of using a stock buyback plan to ward off a takeover attempt, after a federal judge questioned the case’s subject matter jurisdiction.
In order to settle allegations that they steered stock trades to specific brokerage firms, the managers of Scudder Distributors Inc. will pay $19.3 million to the Securities and Exchange Commission.
An appeals court has affirmed a lower court ruling that tossed out a shareholder class action lawsuit against Tyco International Ltd. and PricewaterhouseCoopers LLP filed in the wake of the billion-dollar accounting fraud that rocked Tyco in 2002.
Affiliated Computer Services has launched a lawsuit against the Bank of New York Trust Co. N.A. after the IT services company received notice that it was allegedly in default of certain bonds.
Almost a month after British Petroleum Plc. confirmed that it was under investigation for allegedly manipulating crude oil markets, the oil giant has been hit with a class action lawsuit.