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