Thursday, May 26, 2016 6:06 PM PT
By NICHOLAS IOVINO 

     SAN FRANCISCO (CN) - A federal judge refused to unfreeze the assets of a former investment fund manager who allegedly pocketed millions of dollars from a Ponzi scheme involving pre-IPO tech company shares. 

By TIM RYAN 

     WASHINGTON (CN) - Much of the record in the case that allowed insurance titan MetLife to shed its too big to fail designation will remain under seal, a federal judge ruled. 

By LORRAINE BAILEY 

     (CN) - Sixteen major banks must face antitrust claims accusing them of conspiring to manipulate interbank lending rates, the 2nd Circuit ruled Monday, in a major victory for bondholders. 

By JOHN RUSSELL 

     MANHATTAN (CN) - A recent Supreme Court decision did not spell the death of the government's case against major banks that underwrote worthless mortgage-backed securities, the 2nd Circuit ruled. 

By LORRAINE BAILEY 

     (CN) - The Delaware Chancery Court tossed an action filed by Wal-Mart shareholders over the retailer's alleged bribery of Mexican officials from proceeding in the state over tactics used in similar litigation filed in Arkansas. 

By ADAM KLASFELD 

     (CN) - Merrill Lynch and other brokerage firms must face a state court case that says illegal naked short sales cost investors more than $800 million, the U.S. Supreme Court ruled. 

By LORRAINE BAILEY 

     
     (CN) - A federal judge granted the Federal Trade Commission's request to halt the proposed $6.3 billion merger of Staples and Office Depot for violating anti-trust laws, causing Staples to call off the deal. 

By PHILIP A. JANQUART 

     (CN) - A jury in a criminal trial rightly based its conviction of an investment advisor on intent to deceive only, and not the added charge of intent to harm, the 2nd Circuit ruled. 

By LORRAINE BAILEY 

     
     (CN) - The 1st Circuit reversed the procedural dismissal of a bank's claims against rating agency Moody's for giving out false AAA-ratings to risky securities ahead of the 2008 financial crisis. 

By SEAN KELLY 

     
     (CN) - A Valspar shareholder claims in a class action that the company didn't disclose crucial material information about the fairness of its proposed merger with Sherwin-Williams.

By ZACH HUFFMAN 

     BOSTON (CN) - A former State Street executive unlawfully charged about $20 million in secret markups and fees to securities customers, the SEC claims in Massachusetts Federal Court. 

By KEVIN LESSMILLER 

     (CN) - The SEC claims in court that two attorneys worked with a felon's sham company to use clients' escrow money for risky investments and personal use. 

By LORRAINE BAILEY 

     (CN) - Express Scripts faces a federal shareholder class action after the threat of losing Anthem's business put the pharmacy-benefits manager's stock value into a tailspin.

By KEVIN LESSMILLER 

     WASHINGTON (CN) - The SEC claims in court that a financial adviser stole millions of dollars from the accounts of two pro athletes and used some of the money to invest in movie projects.  

By SEAN KELLY 

     (CN) - Several Facebook shareholders have filed class actions contending the company's plan to issue a new class of non-voting stock is nothing more than attempt to further entrench and enrich founder Mark Zuckerberg.

By LORRAINE BAILEY 

     ST. PAUL, Minn. (CN) - Abbott Labs denied rumors last year that it was planning to acquire St. Jude Medical, causing shares to plunge, before buying St. Jude at a discounted price, a shareholder class action claims.

By NICK DIVITO 

     BROOKLYN (CN) - The feds threw another book at investors behind a Nevada company accused of running a kickback investment scheme to net $131 million.

By LORRAINE BAILEY 

     
     (CN) - Country Style Cooking Restaurant, a Chinese fast food chain, plans to go private in a deal that will cheat minority shareholders of the fair value of their shares, a pair of investors claim in court.

By IZZY KAPNICK 

     (CN) - Shareholders of PJT Partners claim in a class action that the elite investment bank's lax fraud-prevention measures made it possible for managing partner Andrew Caspersen to hatch an elaborate investment scheme.

By PHILIP A. JANQUART 

     (CN) - A $1.36 billion merger between Fresh Market and Apollo Global Management that would take the grocery chain private ignores stockholder interests while lining executives' pockets, shareholders claim in a class action.

By IZZY KAPNICK 

     
     (CN) - The Securities and Exchange Commission has begun seeking comments on regulations on incentive-based compensation for senior executives at large financial firms. 

By IZZY KAPNICK 

     (CN) - With the implementation of new crowdfunding rules this week, the head of the Securities and Exchange Commission told an international financial regulators' conference that improving startup companies' access to capital must be balanced with strong investor protections given the high failure rate of start-ups.

By PHILIP A. JANQUART 

     (CN) - The North American Securities Administrators Association has "serious concerns" about new legislative proposals that could limit the authority of the Securities and Exchange Commission and open up "safe harbors" that could be used by fraudsters.  

By ADAM KLASFELD 

     MANHATTAN (CN) - The former head of the nation's largest dairy producer fed a steady stream of inside tips to one of Sin City's highest-rollers, federal prosecutors said. 

By DAVID LEE 

     DALLAS (CN) - Texas Attorney General Ken Paxton professed his innocence of felony securities charges, in his most detailed comments yet on criminal and civil cases that he blames on President Barack Obama and political opponents.

     (CN) - Recidivist securities fraudster Gregg Mulholland pleaded guilty to money laundering and securities fraud charges for his part in a massive offshore investment fraud using a network of crooked shell companies in Belize and Panama, federal prosecutors announced.

By DAVID LEE 

     DALLAS (CN) - Texas Attorney General Ken Paxton spoke at length for the first time about the felony securities fraud charges against him and implied that his bank accounts have been frozen, prompting his attorney to deny that Paxton ever had been audited or investigated by the IRS.

     (CN) - The highest-ranking public official of a New York town was charged in what is believed to be the first municipal bond-related securities fraud prosecution.