Dissatisfied with a sentence imposed by a California court on former CEO Henry Yuen, Gemstar TV-Guide has asked Florida prosecutors to investigate the $248 million accounting fraud allegedly orchestrated by Yuen during his tenure with the company.
In an era of hyper-vigilance, Weil, Gotshal & Manges LLP is relying on proactive counseling to help clients navigate the new corporate-governance landscape.
Embattled Oracle Corp. chief executive officer Larry Ellison has reached a final settlement over accusations of insider trading, agreeing to donate $100 million to charity and paying $22 million to attorneys who sued him.
Shareholders in securities class action lawsuits against bankrupt auto parts manufacturer Delphi Corp. are seeking an exemption from bankruptcy laws to force the company to hand over documents considered vital to the plaintiffs.
Mayer Brown Rowe & Maw LLP has been involved in one way or another in every major securities and white collar action since Cendant Inc.’s $14 billion accounting fraud ushered in the era of mega corporate collapses and settlements in 1998. But the firm's involvement with bankrupt futures brokerage Refco Inc. could put it in a delicate situation.
The Securities and Exchange Commission has entered a final judgment against a Florida financial services company and its president, who the Commission alleges failed to supervise an agent who defrauded investors of $15.5 million.
New York Attorney General Elliot Spitzer’s far-reaching campaign against Wall Street fraudsters and scammers has hit a stumbling block, with the gubernatorial candidate abandoning criminal charges against two investment bankers in as many months.
The Securities and Exchange Commission is investigating a financial research firm over allegations it conspired with a hedge fund to drive down the share prices of online retailer Overstock.com, according to a published report.
Manhattan prosecutors have charged the chief executive of Canada's GSB Financial Services Inc. with conspiracy to commit securities fraud and commercial bribery, claiming the CEO and a principal tried to manipulate stock prices by bribing brokers.
An appeals court has ruled that the Securities and Exchange Commission arbitrarily levied hundreds of thousands of dollars in penalties on three executives accused of carrying out a series of matched trades.
An offshore securities firm purchases 94% of Korea-based Allixon International Corp. through unregistered stock before using affiliates to sell it back to the public for $4.3 million in common stock, according to a federal complaint filed by the Securities and Exchange Commission.
Two allegedly fraudulent offshore hedge funds have been added to an amended securities fraud lawsuit by the Securities and Exchange Commission against Amerindo Investment Advisors Inc. and its well-known, former billionaire philanthropist founders.
With an unusually broad approach to white-collar crime and securities law, global behemoth Baker & McKenzie’s professionals routinely team up on high-profile cases across international jurisdictions.
Former publishing magnate Conrad Black has been indicted by U.S. prosecutors on fraud charges relating to allegations that he and other executives stole millions from his once powerful but now crumbling media empire.
Skadden Arps, the world’s top revenue-generating firm, is helping clients like Merrill Lynch fight back shareholder suits even as plaintiffs become increasingly creative in their litigation strategies.
Austria’s Bawag P.S.K. Bank has sued former Refco Inc. CEO Phillip Bennett over a 350-million-euro loan extended just hours before the commodities and foreign exchange broker revealed Bennett had hidden $430 million of debt.
A Congressional panel heard arguments Thursday for and against revamping the securities industry’s current regulatory regime from industry bigwigs including the chief officers of the New York Stock Exchange and the National Association of Securities Dealers.
A shareholder class-action lawsuit from 1995 has become the focus of a federal investigation of alleged improprieties by the king of class-action suits, Milberg Weiss Bershad & Schulman of New York, according to a published report.
A federal jury has found a former research analyst liable for deceiving investors and the media by giving financial advice on companies he secretly held stock in.
California’s government doesn’t have the right to regulate what mutual fund companies tell their shareholders, a state court judge ruled Tuesday in a crushing defeat for Attorney General Bill Lockyer's legal onslaught against the the $8-trillion industry over its disclosure practices.