Displaying 58 results
Supremes set high bar for investor suits
The Supreme Court has tightened its standard for hearing shareholder lawsuits accusing companies of fraudulent business practices.
Greenberg sues AIG over derivative litigation
Maurice R. Greenberg has sued current and former AIG directors and management, as well as PricewaterhouseCoopers.
Court sides with Street in IPO antitrust
The Supreme Court sided with several powerhouse firms today, putting the breaks on an antitrust lawsuit.
Philly exchange suit nears settlement
Settlement talks began last week in a lawsuit involving Wall Street firms and former seat holders of the Philadelphia Stock Exchange, according to the New York Post.
E&Y worker pleads guilty to tax fraud
Former Ernst & Young employee Belle Six yesterday pleaded guilty to conspiracy to commit tax fraud.
Ex-SEC lawyer sued in penny stock scam
Two securities attorneys, including a former enforcement attorney with the SEC, were among those sued today by the SEC for allegedly participating in an illegal “pump and dump” scheme.
Boy band scammer nabbed
Two days after many of his possessions were auctioned off for more than $200,000, Ponzi perpatrator Lou Pearlman has been arrested.
AIG sues ex-chief, CFO
AIG has sued former chairman Maurice R. Greenberg and ex-CFO Howard I. Smith for more than $1 billion in damages, published reports said.
Morgan Stanley to settle metal case
Morgan Stanley will pay $4.4 million to settle a class action with brokerage clients, according to a Reuters report.
Wachovia sued over bank sweep program
Wachovia Securities has been added to a lawsuit challenging the legality of firms’ bank deposit sweep programs.
Grasso sues McCall in ongoing pay saga
Ex-NYSE chairman Richard Grasso has asked an appeals court to reinstate his suit against former director H. Carl McCall for mishandling his pay.
Galvin targets unregistered B-D
A Massachusetts man and his company have been charged with operating as an unregistered broker-dealer and soliciting investors for companies he represented.
UBS, Enron settle suit
UBS AG hast entered into a $115 million agreement with the Enron Creditors Recovery Corp. to settle litigation.
Ex-brokers face ‘squawk box’ retrial
Three brokers are charged with allowing day traders to eavesdrop on their firms' internal loudspeakers.
Foes of SRO merger want docs unsealed
Lawyers are arguing about unsealing an opinion produced in the suit challenging the SRO merger.
NYSE Euronext slapped with $4B lawsuit
The exchange is being sued for giving worse prices through its electronic system than through its traders.
SEC said to back Enron investors
The SEC will stand by Enron’s investors suing bankers that allegedly helped the company commit fraud.
Credit Suisse settles with Enron for $61.5M
Credit Suisse will pay Enron Corp. creditors $61.5 million in cash to settle a lawsuit over equity transactions, according to published reports.
Idaho hedge fund manager pleads guilty
The former head of an Idaho hedge fund firm pleaded guilty to securities fraud, according to published reports.
Investor charged with insider trading
A member of Credit Suisse's Global Energy Group has been charged with using leaked information about pending mergers, according to published reports.
