An appeals court ruled Thursday that a district court had erred in restricting the number of nonexpert witnesses the federal government can call in its prosecution of bankrupt chemical manufacturer W.R. Grace and Co., accused of improperly disposing of asbestos from a Montana mine.
The energy trading arm of Mirant Corp. will fork over $11 million to stave off criminal charges stemming from a probe into false natural gas price reports by former traders.
An Ohio grand jury has indicted eight former executives of collapsed health care finance company National Century Financial Enterprises for allegedly fleecing investors out of billions of dollars.
Former investment manager Michael Berger was caught Friday, five years after the U.S. Securities and Exchange Commission convicted him of securities fraud and seven years after his hedge fund went bust.
Siemens AG's troubles increased Tuesday when a former foreman at the international engineering company acknowledged in a German court that he had facilitated and paid out bribes in connection with contracts for a Frankfurt skyscraper.
A former executive with a company that supplied products used by the U.S. Department of Defense has agreed to a jail sentence and a fine in order to quell allegations that he participated in two bid-rigging conspiracies and accepted a kickback from a subcontractor.
An ex-managing partner of plaintiffs law firm Milberg, Weiss, Bershad & Schulman LLP on Monday pled guilty for his role in a scheme to pay millions of dollars in kickbacks to lead plaintiffs, agreeing to forfeit over $7 million and pay a fine.
A grand jury has indicted the head of tech company CyberKey Solutions Inc. for allegedly orchestrating a securities fraud scheme and then lying about it to the U.S. government.
A judge has ordered Westar Energy Inc. to provide an advance for legal fees to a former company executive named as a defendant in a shareholder lawsuit.
Former HealthSouth Corp. CEO Richard Scrushy, who was sentenced Thursday to six years and ten months' jail for bribing one-time Alabama governor Don Siegelman, has asked to be released pending an appeal.
A plaintiffs attorney and two former employees of the Hartford Insurance Co. have been indicted by a grand jury in connection with a scheme where the attorney allegedly gave the workers more than $3 million in kickbacks to settle silicosis claims.
Three former Countrywide Financial Corp. executives have agreed to plead guilty to criminal charges that they traded on confidential financial information in 2004, earning tens of thousands of dollars in ill-gotten profits, the U.S. Attorney’s office said Tuesday.
A jury found Citgo Petroleum Corp. and its subsidiary guilty Wednesday of two felony criminal counts of violating the Clean Air Act at its Corpus Christi refinery, while exonerating the company of allegations that it violated limits for the amount of benzene in open water streams.
A former chief financial officer of Safety-Kleen Corp. has admitted to taking part in a fraudulent scheme to artificially inflate the waste disposal services company’s earnings by about $267 million.
The last four ex-employees of a Texas meat processing plant have been sentenced to jail for using false identification to get their job and stay in the United States, in a case that has netted 53 undocumented workers at the company.
A district court on Wednesday ordered Overseas Shipholding Group Inc. to shell out $10 million as part of its record-setting $37 million criminal settlement with the U.S. Department of Justice over allegations of pollution and fraud.
A former Thaxton Group broker has pled guilty to securities fraud, admitting that he played a role in the massive fraud that helped torpedo the high-risk lender into bankruptcy.
The U.S. Attorney's Office in New Jersey has dropped a securities fraud charge against Bristol-Myers Squibb Co., saying the drug maker has turned itself around in the past two years.
Several former executives of KPMG International on Friday filed memorandums reemphasizing their motions to dismiss the criminal fraud charges against them stemming from their alleged roles in a tax shelter scandal at the massive accounting firm.
A Greek company that manages a fleet of commercial tanker vessels was indicted Thursday for illegally dumping waste oil into international waters and then lying about it to the U.S. government.