The former chief financial officer of HealthSouth Corp. dodged prison time once again on Thursday when a federal judge sentenced him to six months of home detention for his role in the company’s accounting scandal.
Bankrupt Delphi Corp. has sued its insurer over a $19 million legal bill the auto parts maker chalked up while defending itself against accusations of securities fraud.
An independent member of discount online shop Overstock.com’s board of directors resigned Friday, motivated by a disagreement over the Web site’s recent $3.48 billion lawsuit against a number of top U.S. brokerages.
A derivative lawsuit challenging the massive departure check to Morgan Stanley’s ousted former co-president has been stayed, the investment bank has announced.
Joe Nacchio’s defense team won its second victory in a week on Wednesday, with a judge ordering Qwest Communications International Inc. to hand over documents involving nearly three dozen people associated with the company in connection with the former chief executive’s insider-trading case.
Despite a last-ditch plea from several investment banks, a district court judge has ruled that the $40 billion suit filed against Enron Corp.’s underwriters will not be delayed.
A labor union that owns over 70,000 shares of Toll Brothers Inc. is protesting CEO Robert Toll’s massive compensation package by urging its fellow stockholders to withhold their votes from a board member up for re-election.
An appeals court has upheld a ruling that dismissed a case accusing Goldman Sachs of participating in fraud at a company in which it had invested, in a decision that has implications for investment banks and other big money firms.
A high-ranking Brazilian executive at Sadia SA and an investment banker have agreed to fork over nearly $500,000 in fines to settle charges that they traded on inside information regarding the chicken and pork producer’s plan to acquire its biggest local rival, Perdigão.
Two people implicated in a fraud case brought by the Commodity Futures Trading Commission against New Jersey investment company Equity Financial Group LLC on Wednesday appealed a recent district court decision.
The U.S. Securities and Exchange Commission has slapped Braintree Energy Inc. with a civil fraud complaint, alleging the company scammed investors out of more than $9 million by using exaggerated profit projections to sell fractional interests in oil and gas leases.
The brokerage operation of one of the world's largest publicly traded hedge fund managers and one of its former employees will pay more than $400,000 to settle allegations filed by the U.S. Commodity Futures Trading Commission.
The National Association of Securities Dealers has fined Raymond James Financial Services Inc.’s $2.7 million after finding systematic problems with the brokerage firm's supervision of more than 1,100 of its branch managers.
Biopure Corp.’s former chief executive has resolved allegations that the pharmaceutical company continued to paint a rosy picture of its blood substitute awaiting approval, despite receiving negative feedback from U.S. federal regulators over the product’s safety.
A Reliant Energy Inc. investor withdrew a contentious proxy proposal Tuesday, rendering a lawsuit Reliant launched to block the proposal moot.
A district court judge on Wednesday tossed the conviction of a former trader for Wall Street firm Fleet Specialist Inc., ruling that prosecutors failed to prove that he had engaged in illegal trading.
Employees of Fannie Mae will miss out on $44.4 million in bonuses this year, after the mortgage giant revealed it would use the funds to cover some of the $6.8 billion deficit caused by the massive accounting fraud scandal at the company.
Veritas Software Corp. has agreed to pay $30 million to settle charges that it engaged in an earnings management scheme and that it filed false and misleading financial statements from 2000 to 2003.
RenaissanceRe Holdings Ltd. has agreed to pay $13.5 million to settle a securities class action that alleged the property reinsurance company deferred $26 million of its earnings to manipulate financial reports.
The U.S. Securities and Exchange Commission has ended its probe of PepsiCo’s payments to Kmart without bringing charges against the company, PepsiCo said in a financial filing Tuesday.