Raj Rajaratnam, the billionaire co-founder of hedge fund Galleon Group LLC, renewed his bid Wednesday in New York to shake his conviction on 14 counts of insider trading, saying the federal government's evidence against him relied on speculation.
A Virginia federal magistrate judge granted Innospec Inc.'s bid Wednesday to make several documents from plaintiff NewMarket Corp. public in a suit over the fuel additive company's admission that it bribed Iraqi and Indonesian officials.
L-3 Communications Integrated Systems LP and the U.S. on Tuesday voluntarily dismissed a suit claiming the U.S. Air Force's former top procurement official — who admitted violating conflict of interest laws — arbitrarily awarded contracts to Lockheed Martin Aeronautics Co.
Testifying before Congress on Wednesday, a top federal prosecutor threw his weight behind legislation that would extend domestic criminal laws to all U.S. contractors working overseas in an effort to hold them accountable for rape and other serious alleged crimes.
Rep. Jesse Jackson Jr., D-Ill., told jurors Wednesday at Rod Blagojevich’s corruption retrial that the former Illinois governor implied at a 2003 meeting that Jackson’s wife was passed over for a job in part because the congressman declined to hand over $25,000 for Blagojevich’s election campaign.
An attorney for an investment company that lost $12.8 million in Bernard L. Madoff's Ponzi scheme told a Second Circuit panel Wednesday that his client should be allowed to continue its case against Madoff's bank, JPMorgan Chase & Co., despite recently heightened pleading standards.
The first cases I tried as a federal prosecutor in the Eastern District of New York were trial by fire experiences. Once, when I walked outside the courtroom during a recess, one of the "Courtroom Buffs" — a well-dressed man in his late 80s — grabbed me by the lapels of my jacket and backed me against a wall. “Hey, [Yiddish expletive deleted]," he said, “When you approached the witness and were laying the foundation for that exhibit, your back was to the jury. Never, never turn your back to the jury. You got that, kid?” I never made that mistake again, says Lawrence Zweifach, a litigation partner with Gibson Dunn & Crutcher LLP.
A New York federal judge sentenced an investment adviser Tuesday to more than two years in prison for trading on insider tips he received about health care company mergers from a former investment banker with UBS Securities LLC.
Infosys Technologies Ltd. said Tuesday it had received a subpoena from a federal grand jury in Texas seeking details about how the Indian information technology and consulting firm uses special visas for skilled employees.
A former Xinhua Finance Ltd. board member on Tuesday entered a plea of not guilty to charges in Washington federal court that he participated in an insider trading scam that defrauded investors out of $50 million and that he lied to investigators.
Two former Jenkens & Gilchrist PC attorneys, accounting firm BDO Seidman's former CEO and a Deutsche Bank AG employee were convicted Tuesday by a New York federal jury for selling illegal tax shelters to wealthy clients in an alleged plot that ultimately destroyed the law firm.
Hughie E. Stover, Massey Energy Co.'s former security chief, pled not guilty Tuesday to lying to investigators and the FBI during their investigation of the deadly April 2010 Upper Big Branch Mine explosion in West Virginia.
Federal prosecutors in New Jersey announced Tuesday that a former UBS AG client had avoided prison time for concealing more than $1 million in Swiss bank accounts, instead receiving three years of probation and 12 months under house arrest.
Louise Delahunty, a Simmons & Simmons LLP partner who helped advise the British Parliament on implementing the U.K. Bribery Act, is moving to the London office of Sullivan & Cromwell LLP, the New York-based firm said Tuesday.
Federal prosecutors in Virginia are seeking to force a New York Times reporter to testify at the upcoming trial of an ex-CIA officer accused of leaking classified information to him about an operation to disrupt Iran's nuclear weapons program.
A New York bankruptcy court on Monday scuttled technology investor Paul Gardi’s attempt to undo a $6.3 million settlement with JANA Partners LLC that jailed ex-attorney Marc Dreier contrived in order to steal the funds for his Ponzi scheme.
A New York federal judge said Monday that she — not a bankruptcy judge — must determine if the trustee liquidating Bernard L. Madoff's investment company has standing to pursue his $6.4 billion lawsuit against JPMorgan Chase & Co.
A federal judge in New York on Monday denied a Bernard L. Madoff investor's request to intervene and challenge the $7.2 billion forfeiture action against the estate of Jeffry Picower, a longtime investor in Madoff's Ponzi scheme.
New York State Attorney General Eric Schneiderman said Monday his office would have expanded authority to investigate public corruption involving taxpayer money in a pact with the state comptroller.
A Tennessee federal judge on Monday sentenced a former adviser at failed Tennessee financial services company J.C. Reed & Co. to six years in prison for swindling mostly elderly investors in an $11 million Ponzi scheme.