Wednesday, July 27, 2016 5:56 PM PT
By JACK BOUBOUSHIAN 

     (CN) - Wal-Mart shareholders have no proof the company board knew about allegations of bribery at Wal-Mart's Mexican subsidiary prior to a New York Times expose in 2012, the Eighth Circuit ruled. 

By RYAN BORCHERS 

     PASADENA, Calif. (CN) - The Ninth Circuit ruled that an investment group sufficiently pleaded its federal fraud case claiming it was scammed while trying to purchase pre-initial public offering shares of Facebook, reversing a federal judge's dismissal. 

By IZZY KAPNICK 

     (CN) - The Delaware Chancery Court tossed out a shareholder lawsuit over a $1.2 billion buyout of medical tech company Volcano Corp., rejecting plaintiffs' claims that they were left uninformed about the closeout of the company's stock option deal with Goldman Sachs. 

By LORRAINE BAILEY 

     (CN) - A federal judge upheld claims against Virtus Investment Partners for telling investors its AlphaSector funds' performance was based on real returns - rather than merely hypothetical back-testing. 

By LORRAINE BAILEY 

     (CN) - The Eighth Circuit upheld the Securities and Exchange Commission's decision not to exempt a small-volume securities exchange from registration requirements. 

By LORRAINE BAILEY 

     (CN) - A Cayman Islands investment vehicle must sell $500 million worth of defaulted residential mortgage-backed securities over Goldman Sachs and Blackrock Financial's objection. 

By LORRAINE BAILEY 

     (CN) - The D.C. Circuit affirmed the Securities and Exchange Commission's decision not to restrict investment in small businesses under JOBS Act exemptions to investors with a certain amount of wealth or sophistication. 

By LORRAINE BAILEY 

     
     (CN) - Former Qwest CEO Joseph Nacchio cannot claim an $18 million credit for the taxes he paid on $44 million in profits earned through insider trading, the U.S. Court of Appeals for the Federal Circuit ruled. 

By LORRAINE BAILEY 

     
     (CN) - Qlik Technologies caved to an activist hedge fund's threats when it agreed to a $3 billion acquisition by private equity giant Thoma Bravo, a class of sharholders claims.

By LORRAINE BAILEY 

     
     (CN) - Before voting to approve a $1.1 billion acquisition by Rovi Corp., TiVo investors want to know why two of the company's seven board members voted against it.

By LORRAINE BAILEY 

     (CN) - Investors claim in court that Land O'Lake's $17 million bid for biotech firm Ceres will benefit Ceres executives at the expense of shareholders.

By PHILIP A. JANQUART 

     (CN) - Lexmark International hid information about a potential buyout that could result in hefty monetary rewards for the company's CEO, investors claim in court.

By PHILIP A. JANQUART 

     (CN) - Investors were forced to pay artificial prices for financial derivative transactions based on SIBOR and SOR benchmarks due to big banks' manipulation of the market, they say in a federal class action.

By PHILIP A. JANQUART 

     (CN) - An ERISA action against Oracle Corp. blasts company executives for continuing to offer Oracle stock to retirement plan participants before improper accounting practices came to light and hammered the firm's stock price.

By LORRAINE BAILEY 

     
     (CN) - Shareholders joined the fray in the struggle for Viacom, claiming that both incumbent and ousted directors appeased Sumner Redstone to maintain their lucrative positions, even as he descended into dementia and drooled at the table.

By PHILIP A. JANQUART 

     (CN) - Billionaire investor Nicholas Schorsch, his company officers and financial auditor conspired to cook financial statements in the wake of several high-profile company acquisitions that netted them "hundreds of millions of dollars in fees," shareholders claim in a derivative action.

By IZZY KAPNICK 

     (CN) - In a shift from longstanding policy, the Financial Industry Regulatory Authority wants to expand its trade database to include information on Treasury bond transactions in the multitrillion-dollar secondary market. 

By NICKEESHA SWABY 

     (CN) - The Securities Industry and Financial Markets Association is voicing support of the controversial Trans-Pacific Partnership and its new policy ensuring the flow of cross-border data and information, though the agreement continues to face strong opposition.

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 DAN MCCUE 

     (CN) - Global stock markets lost more than $2 trillion in value on Friday after Briton's voted to leave the European Union, setting the stage for an uncertain and volatile week ahead in politics and finance.

By ADAM KLASFELD 

     BROOKLYN, N.Y. (CN) - A fresh count in the indictment charging Martin Shkreli with an $11 million securities fraud could not wipe the smirk from his mug as the so-called pharma bro entered a new not-guilty plea.

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.