(CN) - A Delaware court dismissed an investor lawsuit that attempted to hold DuPont board members liable for the company's ill-fated pursuit of herbicide-resistant crop strains in the face of looming intellectual property claims.
MANHATTAN (CN) - Before suing 16 FBI agents, the wife of a Galleon trader convicted of insider trading must beef up her complaint accusing the bureau of snooping on the "intimate" chats she had with her husband, the 2nd Circuit ruled.
AUSTIN (CN) - The Texas Supreme Court bolstered lawsuits by the state and a group of investors against Life Partners by ruling life settlements are securities subject to the Texas Securities Act and not mere life insurance contracts.
MANHATTAN (CN) - In a devastating, 361-page ruling, a federal judge reamed RBS Securities and Nomura Holdings for offering documents on mortgage-backed securities that reached "enormous" heights in the "magnitude of falsity."
(CN) - SanDisk Corp. executives dumped their personal stock before disclosing internal issues that caused the company's share price to plummet, a class of shareholders claims in court.
(CN) - Redbox deceptively advertised and rented downgraded discs as being of Blu-ray quality, and it charged plaintiffs higher rental prices than those charged for non-Blu-ray DVD discs, a class action claims.
WASHINGTON, D.C. (CN) - An Aetna shareholder sued the Securities and Exchange Commission to try to force it to require publicly traded companies to disclose their political contributions.
INDIANAPOLIS (CN) - The CEO and CFO of ITT Technical Institute juggled the books to conceal hundreds of millions of dollars of expenses in failing student loan programs, the SEC claims in a 15-count federal complaint.
FORT WORTH (CN) - Two cronies who host a Texas radio show defrauded investors of $4.3 million in life settlements, from which they took $515,000 in commissions, the SEC claims in court.
(CN) - Four former top executives at Wilmington Trust Co. knowingly misled investors during the recent financial crises by keeping over $350 million worth of bad loans off the company's books, federal financial regulators claim.
(CN) - Two men misappropriated $62 million from investors eager to snag a piece of the real estate explosion connected to the North Dakota oil boom, the Securities and Exchange Commission claims.
(CN) - Rayonier Advanced Materials failed to disclose information about its timber stock and the cost of a corporate separation, causing stock prices to plummet on the news, shareholders claim in a class action.
(CN) - A merger between Baltic Trading, Ltd. and Genco Shipping & Trading, Ltd. is a slam-dunk for directors serving on both companies' boards, stockholders say in a class action lawsuit.
(CN) - Norcraft shareholders claim that the company's directors negotiated a merger that maximizes their own payout while allegedly shortchanging minority shareholders at $25.50 per share.
(CN) - Lumber Liquidators has told investors it expects to have to face criminal charges from the U.S. Department of Justice related to an ongoing investigation over imported products.
(CN) - Three Indiana brothers pleaded guilty to perpetrating what a prosecutor called "one of the largest tax and securities fraud schemes in Indiana history," a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers.
(CN) - The Consumer Financial Protection Bureau submitted a 728-page study to Congress on mandatory arbitration practices prevalent in the consumer financial services industry but did not make any conclusions about the advantages or disadvantages forcing consumers to enter arbitration.
(CN) - The Securities and Exchange Commission is proposing new rules to govern security-based swap transactions executed by foreign firms in the United States.
(CN) - The U.S. Department of Labor is seeking public comment on new rules intended to ensure financial advisers give retirement advice untainted by conflicts of interest.
(CN) - A SIFMA-commissioned report opposes findings made by a White House commission that conflicted investment advice costs investors billions each year, emphasizing the "pervasive" regulation of the financial advisory market.