( CN) - The Delaware Chancery Court granted class counsel's request to modify the procedure for distributing $115 million in settlement proceeds from a shareholder class action over Dole Food's 2013 privatization buyout by CEO David Murdock.
WASHINGTON (CN) - A federal judge ruled that an appeals court's decision to rehear a case on the constitutionality of the Consumer Financial Protection Bureau's structure doomed an anonymous company's attempt to prevent the agency from continuing an investigation.
(CN) - JPMorgan Chase & Co. will be back in court facing accusations of rigging the price of silver after the 2nd Circuit reversed a lower court's dismissal of three private antitrust lawsuits brought against the country's largest bank.
(CN) - Sports apparel company Under Armour Inc. faces an investor class action after suffering a roughly $2.7 billion loss of market capitalization after announcing lower than expected fourth quarter revenues and the replacement of its recently appointed chief financial officer.
(CN) - A court ruling nuking the Aetna-Humana proposed $37 billion merger revealed that Aetna lied about its reason for withdrawing from 11 state health insurance exchanges, an investor class action claims.
(CN) - Shareholders claim in court that Stemline Therapeutics conducted a $45 million secondary public offering without disclosing that side effects of its marquee experimental drug had recently killed a patient in a Phase II clinical trial.
(CN) - Restoration Hardware's new product line rollout was an "abject catastrophe" that cost shareholders 75 percent of the value of their investment, investors claim in a securities class action.
(CN) - Drug testing firm Psychemedics Corp. shareholders filed a class action seeking compensation for their losses after a Brazilian antitrust ruling deflated the company's long-running stock rally.
(CN) - Shareholders claim in a derivative action that Tenet Healthcare Corp. paid kickbacks to Hispanic Healthcare Management for sending undocumented immigrant patients to Tenet facilities and defrauding the U.S. government.
(CN) - Banc of California's share price fell dramatically after the bank's ties to alleged fraudster Jason Galanis were discovered last year, investors claim in a class action.
(CN) - Claiming businesses are having trouble borrowing money due to regulations, President Donald Trump signed an order for a review of Obama era rules meant to reign in activity blamed for crashing the United States economy in 2008.
(CN) - SEC Chair Mary Jo White gave her final speech on January 17, days before Trump takes over the White House, emphasizing the need to defend the SEC's independence against unthinking partisanship and praising the agency's post-2008 reforms, many of which face an uncertain future under the Trump administration.
After a year when the Financial Industry Regulatory Authority levied record fines, the agency's new president and CEO says he will strive to provide greater regulatory transparency to member firms.
(CN) - The House of Representatives passed the Creating Financial Prosperity for Businesses and Investors Act aimed at giving small business owners, entrepreneurs, and investors a boost in the new year by increasing economy and capital growth in the U.S.
(CN) - Deutsche Bank and Credit Suisse will have roughly five years to dish out billions of dollars in consumer-relief funds for settlements with the Department of Justice over mishandling of mortgage-backed securities leading into the 2008 financial crisis.
BOSTON (CN) - State Street Corp. has agreed to pay $64.6 million to settle charges that it defrauded customers by secretly tacking unwarranted commissions onto multibillion securities trades.