Tuesday, March 24, 2015 5:42 PM PT
By BABARA LEONARD 

      WASHINGTON (CN) - The Supreme Court handed Omnicare a mixed bag Tuesday, tossing some claims but demanding scrutiny on whether omissions misled investors. 

By LORRAINE BAILEY 

     (CN) - First Aviation shareholders cashed out in a reverse stock split cannot be bound by a bylaw adopted after they lost their interest in the corporation, the Delaware Chancery Court ruled. 

By MOLLY WILLMS 

          MILWAUKEE (CN) - A CEO under fire by securities regulators wants the 7th Circuit to revive her claims that she is being denied her right to a trial by jury. 

By JAKE LINGER 

      WASHINGTON (CN) - Some attorneys helping Sysco and US Foods overcome the government's challenge to their merger deserve access to confidential records, a federal judge ruled. 

By LORRAINE BAILEY 

     (CN) - A whistle-blower award is not available to a man who reported misconduct before the enactment of the Dodd-Frank Act, the 2nd Circuit ruled Wednesday. 

By LORRAINE BAILEY 

     (CN) - Charles Schwab may be liable for over-investing its Total Bond Index Fund in mortgage-backed securities, allegedly costing investors millions during the 2008 financial crisis, a divided 9th Circuit ruled. 

By WILLIAM DOTINGA 

     (CN) - Regulators properly blocked a planned merger of two financial powerhouses that would have controlled 90 percent of the global market for European exchange-traded derivatives, the EU general court ruled.

By LORRAINE BAILEY 

     (CN) - Only a biological person with "a body and brain" can serve as an expert witness, and a corporation "has neither and cannot," the Delaware Chancery Court ruled. 

By PHILIP A. JANQUART 

     
     (CN) - King Digital Entertainment, the maker of the game Candy Crush Saga, made a public offering and insiders cashed out their personal shares before its stock price declined, shareholders claim in a class action.

By NICKEESHA SWABY 

     (CN) - Saba Software Inc shareholders claim in court that company executives are moving ahead with an unfair acquisition deal with Vector Capital Management worth $268 million.

By PHILIP A. JANQUART 

     
     (CN) - A $3 billion merger between Aruba Networks and Hewlett-Packard is marred by conflicts of interest and shortchanges investors, shareholders say in a federal class action.

By IZZY KAPNICK 

     
     (CN) - Tech giant International Business Machines misled shareholders by grossly overvaluing its chip-manufacturing facilities before dumping them off to GlobalFoundries last year, a pension fund claims in a federal class action.

By IZZY KAPNICK 

     (CN) - The Securities and Exchange Commission filed an insider-trading lawsuit against a dentist who allegedly made a small fortune off call-option contracts in anticipation of Chicago Bridge & Iron Co.'s buyout of Shaw Group.

By IZZY KAPNICK 

     (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.

By PHILIP A. JANQUART 

     (CN) - Stratasys Ltd. intentionally drove up stock prices to position itself for two separate mergers, shareholders claim in federal court.

By LORRAINE BAILEY 

     (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) - Standard & Poor's will pay $1.4 billion to settle charges of inflating ratings of mortgage investments that collapsed in the 2008 financial crisis.

By DAVID LEE 

     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.

By MOLLY WILLMS 

     MADISON (CN) - A rural Wisconsin insurance broker has been operating a multimillion dollar Ponzi scheme since 2008, the Securities and Exchange Commission says in a new federal complaint. 

By LORRAINE BAILEY 

     (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. 

By PHILIP A. JANQUART 

     (CN) - The Securities and Exchange Commission has proposed rules that would subject security-based swaps to amended and more rigorous reporting standards. 

By LORRAINE BAILEY 

     (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.