(CN) - Author Michael Lewis did not defame a money manager in the bestseller "The Big Short: Inside the Doomsday Machine" by portraying him as the one who piloted financial markets into the 2008 financial meltdown, a divided 2nd Circuit panel ruled.
MANHATTAN (CN) - J.P. Morgan Chase and other major banks accused of helping Thomas Petters pull of a $3.7 billion Ponzi scheme - the third-largest in U.S. history - will fend off a federal lawsuit in Minnesota where the disgraced businessman was once on the docket.
CLEVELAND (CN) - The Ohio Public Employees Retirement System failed to prove Freddie Mac concealed a $2 billion loss on risky mortgages from investors before a 2007 financial report set its stocks reeling, a federal judge ruled.
DALLAS (CN) - AT&T's throttling of its "unlimited" data plan for mobile phone users exposes the company to billions of dollars in potential claims, an angry shareholder claims in court.
SAN FRANCISCO (CN) - Top managers and board members of computer networking company Infoblox sold $39.4 million of their shares at prices inflated through false and misleading statements, a shareholder claims in a federal derivative lawsuit.
(CN) - Aeterna Zentaris Inc. stock price tumbled after it came out that the firm allegedly lied about the effectiveness of one of its drugs, shareholders say in a federal class action.
(CN) - Rayonier's stock price plummeted after the company revealed that its financial statements contained errors about sales costs, shareholders say in a federal class action.
(CN) - Prosthetics maker Hanger Inc. misled investors about the impact increased Medicare reimbursement audits under Obamacare would have on its business, stunning the market when it announced an earnings drop of 23 percent, a class of shareholders claims.
MANHATTAN (CN) - A pair of federal complaints accuse Argentina of failing to make good on $8 million in bond payments.
LOS ANGELES (CN) - Billionaire William Ackman's plan to take over Allergan found support in a new federal shareholder action amid reports that Activis put in a $60 billion bid.
(CN) - Shareholders challenged a tender offer by steel fabricator Schuff International's controlling shareholder HC2 Holdings that will take Schuff private.
(CN) - Investors claim in court that a Tesco accounting bungle caused the company to overstate profits by 23 percent.
(CN) - A Senate subcommittee heard testimony on the alleged vulnerability of Federal Reserve regulators to adopting the viewpoints of the bankers they regulate, and imposing "bland" discipline for infractions.
(CN) - Citigroup has been fined $15 million by the Financial Industry Regulatory Authority for failing to adequately supervise its analysts' interactions with the bank's clients and trading staff.
(CN) - A North Carolina man accused of being the mastermind of an $850 million Ponzi scheme pleaded not guilty to multiple federal charges of fraud and conspiracy.
(CN) - The Supreme Court was in stitches during a tortuous but lighthearted inquisition on the definition of "object" and the moral corruptness of wrongful fish disposal.
(CN) - The Financial Industry Regulatory Authority has proposed a rule that would require firms to disclose buy and sell prices when transactions involve the same security on the same day.
(CN) - With Burger King moving its headquarters to Canada, U.S. officials announced new steps to discourage corporate inversions that avoid U.S. taxes.