While the proposed $22 billion purchase of HCA Inc. by three private equity firms will put the company into private hands, it will not pull the hospital chain out of regulatory hot water.
An appeals court ruling last month that the Securities and Exchange Commission cannot regulate the hedge fund industry has left a regulatory void, SEC Chairman Christopher Cox told a Senate panel on Tuesday.
The U.S. Securities and Exchange Commission is investigating Par Pharmaceutical Companies Inc. following the company’s July 5 announcement that it will restate its financial results for the fiscal years 2004 and 2005, and the first quarter of 2006.
With a courtroom battle on the horizon, the legal bout between regulators and former management at the New York Stock Exchange Inc. is approaching its boiling point, with former director Kenneth G. Langone accusing New York Attorney General Eliot Spitzer in court documents of misconstruing evidence.
A solvent subsidiary of bankrupt commodities brokerage Refco Inc. has agreed to pay Refco's creditors $127.5 million, adding to a swelling reservoir of cash set aside to deal with creditors’ claims.
A California man accused of orchestrating a massive affinity fraud scheme has been ordered to pay $30 million in a final judgment by default handed down by a federal judge in Los Angeles.
A federal judge has reprimanded yet another former HealthSouth Corp. executive as part of the multi-billion dollar fraud the health care provider allegedly perpetrated over a 10-year span.
In a move that will bring Van der Moolen Holding N.V. and subsidiary Van der Moolen Specialists USA LLC closer to putting memories of an alleged illegal stock trading fraud behind them, the companies have agreed to settle a resulting securities class action for $8 million.
A class action securities lawsuit alleging bid-rigging and price-fixing by insurance company Marsh & McLennan will head to court, after a judge ruled that the plaintiffs’ allegations warrant a jury trial.
Investment firm Waddell & Reed will pay $50 million to settle allegations of market-timing brought by three different financial regulators.
The U.S. Securities and Exchange Commission has wrapped up an investigation into revenue allocation at Canada’s largest software company, concluding that that Cognos Inc.'s revenue recognition policy does not violate SEC rules.
A long-vacant position at the U.S. Securities and Exchange Commission may soon be filled, with the agency reportedly slated to name Conrad Hewitt as its chief accountant.
Just days after a former Securities and Exchange Commission attorney sued for access to documents from an insider trading probe involving Morgan Stanley chief John Mack, the agency has contacted Mack for more information regarding the allegations.
Two investment funds affiliated with commodities trader Jim Rogers gave up their fight Thursday and joined a settlement with Refco Capital Markets (RCM) after weeks of holding up the deal that would allow customers of Refco to recover $2.3 billion lost as a result of the commodities brokers’ bankruptcy.
A month after a federal jury convicted the founder and former chief executive of Homestore Inc. of masterminding a $67 million accounting fraud, the former owners of a technology company acquired by the online real estate listings firm are seeking to revive civil charges related to the debacle.
Drugmaker Par Pharmaceutical Companies, Inc. has been hit with a lawsuit alleging the company misled investors and overstated its revenue by at least $55 million.
British lender Barclays PLC was partially freed Friday from the Enron Corp. debacle after a federal judge dismissed an inadequate class action complaint that the bank helped push the defunct energy giant into bankruptcy.
With the promise of more charges to come, federal authorities filed the first criminal and civil complaints in the growing stock options backdating scandal.
A pair of former executives at defunct Monon Corp. is facing jail time and millions of dollars in fines after a federal appeals court rejected their defense against fraud charges Wednesday. The two men blamed their creditors for helping to drive the company into bankruptcy, saying the lenders should have caught on to their scheme.
The Securities and Exchange Commission is preparing to vote next week on the most significant overhaul of executive compensation disclosure rules since 1992. But as the vote nears, it’s becoming clear the controversial “Katie Couric clause” will be scrapped or heavily altered, leaving veiled the salaries of star-power nonexecutives.