(CN) - A smart card technology firm's CEO failed to file documents required by the U.S. Securities and Exchange Commission, and ignored discrepancies in others, as she tried to persuade investors to buy unregistered securities in her faltering company, a federal judge ruled.
DALLAS (CN) - Former U.S. Ambassador to Ecuador Peter Romero received more than $700,000 in fraudulent transfers from R. Allen Stanford's $7 billion Ponzi scheme, a federal jury ruled.
(CN) - Shareholders of online travel agency Orbitz are challenging its planned $1.6 billion merger with Expedia, claiming the deal rewards insiders while neglecting the interests of the company's investors.
(CN) - Stratasys Ltd. intentionally drove up stock prices to position itself for two separate mergers, shareholders claim in federal court.
(CN) - Hospira's CEO stands to profit $80 million in a proposed $17 billion acquisition by Pfizer, a huge sum that raises serious questions about the CEO's ability to fairly assess the deal, a class claims in court.
(CN) - Staple's $6.3 billion takeover offer for Office Depot was unfairly influenced by a hedge fund with a stake in both companies, and fails to protect shareholder value from market declines before the merger closes, a class claims in court.
(CN) - Insight Venture's $273 million bid for cloud software company E2open is strategically timed to take advance of a plummet in the company's share price, a shareholder class action claims.
(CN) - Shareholders claim the $11 billion acquisition of Regency Energy Partners LP by controlling affiliate Energy Transfer Partners LP unfairly benefits company officers while shortchanging investors.
(CN) - Chinese e-commerce giant Alibaba faces a mounting number of class actions accusing the company of downplaying the sale of counterfeit goods during the company's $25 billion initial public offering.
(CN) - LeapFrog Enterprises Inc. failed to disclose declining demand for its products before its stock price tumbled, shareholders claim in a federal class action.
(CN) - Standard & Poor's will pay $1.4 billion to settle charges of inflating ratings of mortgage investments that collapsed in the 2008 financial crisis.
FORT WORTH (CN) - Life settlement provider Life Partners Holdings has filed for bankruptcy protection as it appeals the SEC's $46 million judgment against it.
MANHATTAN (CN) - A former executive who blew the whistle on Countrywide Financial is in line to get $57 million for helping Uncle Sam collect a record $16.6 billion penalty for Countrywide's role in the financial crisis.
(CN) - President Obama's proposed tax on big banks' liabilities would raise approximately $110 billion over the next 10 years, but is unlikely to reach the floor of a Republican Congress.