Thursday, October 23, 2014 5:57 PM PT
By LORRAINE BAILEY 

     (CN) - The Royal Bank of Canada must pay $76 million to Rural/Metro Corp. shareholders for advocating the company's sale to private equity firm Warburg Pincus without disclosing the bank's own interest in the deal. 

By LORRAINE BAILEY 

     (CN) - KKR & Co. was not a controlling shareholder of KKR Financial Holdings when it agreed to acquire the finance company for $2.6 billion, the Delaware Chancery Court ruled. 

By MATT REYNOLDS 

     PASADENA, Calif. (CN) - The 9th Circuit remanded a securities fraud class action against Corinthian Colleges after the for-profit school reached an agreement with the U.S. Department of Education's to close its campuses by the end of the year. 

By LORRAINE BAILEY 

     
     (CN) - A shareholder cannot seek records regarding alleged insider trading at Monster Beverage Corp. to support a second derivative action against the company because her claims are time-barred, the Delaware Chancery Court ruled.  

By LORRAINE BAILEY 

     (CN) - First dibs on Fannie Mae and Freddie Mac's burgeoning profits in the wake of a $188 billion government bailout belong to the U.S. Treasury, not investors, a federal judge ruled.

By LORRAINE BAILEY 

     (CN) - Republicans chose the wrong venue to challenge a rule that blocks investment advisers from making pay-to-play political contributions, a federal judge ruled. 

By LORRAINE BAILEY 

     (CN) - An investment fund that sold its claim to liquidated Madoff assets for less than it was worth may yet unravel the deal, the 2nd Circuit ruled. 

By RYAN ABBOTT  

     WASHINGTON (CN) - A conflict of interest does not prevent a government agency from replacing the plaintiff accusing Fannie Mae of gross mismanagement, a federal judge ruled. 

By MOLLY WILLMS  

     MINNEAPOLIS (CN) - A hedge fund manager and his companies will not get a retrial in a securities fraud case springing from Thomas Petters' $3.7 billion Ponzi scheme, a federal judge ruled. But they will not suffer civil penalties, and the manager's wife was dismissed as a relief defendant. 

By PHILIP A. JANQUART 

     (CN) - A $927 Million merger between Viasystems Group Inc. and TTM Technologies is based on big payouts for top execs and undervalues stock prices, shareholders say in federal court.

By PHILIP A. JANQUART 

     
     (CN) - Arrowhead Research Corp. misled investors about a drug designed to treat hepatitis B, causing stocks to plummet, shareholders say in a federal class action.

By NICKEESHA SWABY 

     
     (CN) - Digital advertising company Millennial Media failed to disclose functional problems with its products and services that were causing customers to jump ship, shareholders claim in court.

By PHILIP A. JANQUART 

     (CN) - 21Vianet Group shares plunged after a damning research report exposed the firm as "a Ponzi scheme of acquistitions," shareholders claim in a federal class action.

By DAVID LEE 

     DALLAS (CN) - The court-appointed receiver of R. Allen Stanford's $7 billion Ponzi scheme cannot pursue legal malpractice claims against Chadbourne & Parke because they are too late, the law firm claims in court.

By DAVID LEE 

     DALLAS (CN) - A U.S. subsidiary of Spanish banking giant Banco Santander failed to disclose in its initial public offering improper practices in its subprime car lending business that caused a drop in its stock price, shareholders claim in a class action.

By NICK DIVITO 

     MANHATTAN (CN) - An activist hedge fund manager trying to save his $200 million firm took aim in a federal complaint against the very foundation of the Securities and Exchange Commission.

By PHILIP A. JANQUART 

     (CN) - A merger between Bolt Technology Corp. and Teledyne Technologies Inc. is unfair to Bolt shareholders, a class claims in federal court.

By PHILIP A. JANQUART 

     (CN) - A Hong Kong-based company is operating a Ponzi scheme through a U.S. shell corporation designed to rip off investors, the Securities and Exchange Commission claims in federal court.

By LORRAINE BAILEY 

     
     (CN) - Merck's $16.7 billion offer for chemical company Sigma-Aldrich is a "bargain basement price," shareholders say, seeking an injunction against the proposed deal.

By MATT REYNOLDS 

     SANTA ANA, Calif. (CN) - The former CEO of an Orange County medical supply firm was federally charged Wednesday with passing inside-trading tips to his friend, former professional baseball player Doug DeCinces. 

By CAMERON LANGFORD 

     HOUSTON (CN) - The former CEO of a Houston investment firm made $326,000 by trading on inside information about the firm's clients, federal prosecutors say. 

By ADAM KLASFELD  

     MANHATTAN (CN) - Neither the philanthropy, devoted fatherhood or previously clean criminal record of former S.A.C. Capital executive Mathew Martoma dissuaded a federal judge on Monday from sentencing him to 9 years in prison - above prosecutors' expectations - for a $276 million inside-trading scheme involving an Alzheimer's drug.

     WASHINGTON (CN) - Bank of America will pay nearly $17 billion to settle federal charges involving its sale of mortgage-backed securities before the 2008 financial crisis, the Department of Justice and SEC announced.

By LORRAINE BAILEY 

     (CN) - Six federal agencies approved a final rule requiring security sponsors to retain at least a five percent interest in the assets they securitize. 

By DAVID LEE 

     (CN) - With Burger King moving its headquarters to Canada, U.S. officials announced new steps to discourage corporate inversions that avoid U.S. taxes.

By LORRAINE BAILEY 

     (CN) - The Securities and Exchange Commission adopted new rules to give investors detailed information about the loans underlying asset-backed securities.

By PHILIP A. JANQUART 

     (CN) - Nationally Recognized Statistical Rating Organizations (NRSROs) will have to follow new requirements for enhanced governance and accountability under new rules adopted by the Securities and Exchange Commission. 

By PHILIP A. JANQUART 

     (CN) - Brokers reconciling customer disputes can no longer use expungement of the potentially damaging information as a condition of settlement, the Financial Industry Regulatory Authority announced.