Two men arrested while trying to board an aircraft bound for China with stolen trade secrets in their luggage pled guilty Thursday to two counts each of economic espionage, marking the first time someone has been convicted on the charge.
Troubled media tycoon Conrad Black and his cohorts used non-compete agreements when selling off pieces of Hollinger International to line their pockets with cash, according to a new filing by government prosecutors.
The former chief executive of bankrupt auto parts maker Collins & Aikman is under investigation for suspected violations of federal securities laws, according to a published report.
An attorney for a former Coca-Cola Co. secretary accused of conspiring to steal company trade secrets has asked a judge to allow her to interview current employees against the soft drink giant’s wishes.
A federal judge has put E. Kirk Shelton on a short leash while he appeals his numerous criminal fraud convictions, confining the former Cendant Corporation chief to his home until the appeals process plays out.
Renowned class action firm Milberg Weiss will find itself on the other side of the courtroom in January 2008 when the firm and two of its star prosecutors head to court to dispute allegations that they paid $11.3 million in kickbacks to plaintiffs in class action suits.
A former head portfolio manager of a failed Florida hedge fund firm has been ordered to jail until he repays some investor money or proves that despite his “good-faith efforts” he is unable to pay.
Former Cendant Corp. Vice Chairman Kirk Shelton has been hit with a double dose of bad news. Not only has a New Jersey court refused to toss a guilty verdict in the criminal fraud case against him, federal prosecutors have hit him with a civil suit as well.
A federal judge has found “credible evidence” that members of the jury that convicted former Alabama Gov. Don Siegelman and former HealthSouth Corp. CEO Richard Scrushy of bribery and fraud were exposed to extraneous evidence.
The U.S. Court of Appeals for the Second Circuit Tuesday affirmed all but two strands of the convictions of three former employees of Evergreen International Spot Trading Inc. in a $110 million investment scheme that came to light after Sept. 11.
A Canadian money manager and president of Bahamas-based Dominion Investments Ltd. pled guilty Monday to money-laundering charges in federal court.
Two brokers accused of bribing an Ohio Bureau of Workers' Compensation official may be called to testify at their criminal trial in the coming days.
A Los Angeles city attorney has brought criminal and civil charges against Kaiser Foundation Hospitals for allegedly dumping homeless hospital patients on the streets of downtown’s Skid Row.
Former Hewlett-Packard chairwoman Patricia C. Dunn pled not guilty Wednesday to four felony counts for her alleged role in the company’s board spying scandal.
A freelance stock analyst named as a defendant in a securities civil lawsuit was arrested Monday in New York on unrelated criminal wire fraud charges.
Former Enron chief accounting officer Richard Causey was sentenced on Wednesday to 66 months in prison for his role in the accounting fraud that led to the company’s demise.
In the latest twist in the complex KPMG LLP tax-shelter case, a federal judge has indefinitely postponed the trial of 16 former executives in light of a dispute over whether the accounting firm should continue to fund the defendants’ legal expenses.
The former sales chief at CA Inc. was sentenced on Tuesday to seven years in prison for taking part in a $2.2 billion accounting scheme to inflate the software company’s quarterly revenue through backdated sales deals.
A KeyBank vice president was arrested Saturday and charged with embezzling $29 million from the Cleveland, Ohio banking company, the Federal Bureau of Investigation said.
The former ethics chief and in-house lawyer for Hewlett-Packard Co. has pled not guilty to charges that he directed the company’s pretexting scandal.