By LORRAINE BAILEY
(CN) - Reports on the legality of AIG's transactions between 2000 and 2004 will remain sealed, a federal judge ruled, denying a reporter's petition for disclosure.
By MATT REYNOLDS
(CN) - The 2nd Circuit upheld a ten-year ban against a former Takeda Pharmaceuticals International executive who was accused of illegally trading shares for tens of thousands of dollars in profits.
By LORRAINE BAILEY
(CN) - The sale of Primedia to private equity firm TPG Capital swept minority shareholders' insider trading claims against KKR under the rug, the Delaware Chancery Court ruled.
By LORRAINE BAILEY
(CN) - Over Bank of New York Mellon Trust Corp.'s objections, Chesapeake Energy Corporation may redeem $1.3 billion notes that it issued last year at par value, a federal judge ruled.
By LORRAINE BAILEY
(CN) - The Delaware Chancery Court declined to halt the merger of Plains Exploration & Production Corp. with Freeport-McMoRan Copper & Gold.
By LORRAINE BAILEY
(CN) - Vitacost's prospectus did not mislead investors, despite failing to mention major post-IPO personnel changes which allegedly caused a decline in its share price, the 11th Circuit ruled.
By LORRAINE BAILEY
(CN) - After more than a decade of litigation, the 5th Circuit affirmed class certification in a shareholder action against oil giant Halliburton for allegedly misrepresenting revenues.
By LORRAINE BAILEY
(CN) - Gary Prince, convicted of securities fraud in 1995 and barred from practicing accounting for a public firm, participated in preparing Integral Systems' accounting statements between 1997 and 2007 despite the ban, a federal judge found.
By LORRAINE BAILEY
(CN) - Despite being dubbed "the court where securities rules go to die,"the U.S. Court of Appeals for the D.C. Circuit ruled that trade organizations for the oil and gas industry must pursue their challenge to the "resource curse" provision of the Dodd-Frank Act in district court due to lack of jurisdiction.
By LORRAINE BAILEY
(CN) - The D.C. Circuit ruled that it does not have jurisdiction to review rule changes permitting the New York Stock Exchange and NASDAQ to raise prices on sales of market data.
By PHILIP A. JANQUART
(CN) - A convicted securities fraudster and the hedge funds he managed owe the Securities and Exchange Commission nearly $8 million, a federal judge ruled.
By DAVID LEE
DALLAS (CN) - Convicted Ponzi schemer R. Allen Stanford owes $6.76 billion to the Securities and Exchange Commission, a federal judge ruled, finding the criminal trial had been fair.
By PHILIP A. JANQUART
(CN) - A federal appeals court upheld a district court ruling that clears Marshall & Ilsley Corp. of charges brought by a class of its employees after the financial crises of 2008.
By MATT REYNOLDS
(CN) - A former securities attorney convicted for his role in a stock fraud scheme cannot rehash issues decided in his criminal case to defeat a civil-enforcement action, the 10th Circuit ruled.
By LORRAINE BAILEY
(CN) - A shareholder may bring a derivative suit against Fuqi after the jewelry company allowed a board member to transfer $138 million to unidentified third parties, the Delaware Chancery Court ruled.
By LORRAINE BAILEY
(CN) - The 2nd Circuit said the Edge Act does not give federal courts jurisdiction over AIG's claim that Bank of America and others misrepresented the value of $28 billion worth of residential mortgage-backed securities.
By PHILIP A. JANQUART
(CN) - An $820 million offer by Goldman Sachs for Ebix at $20 per share undercuts the company's true worth, shareholders say in Delaware Chancery Court.
WASHINGTON (CN) - RINO, a Chinese holding company, reported $491 million in income to the SEC while its Chinese books showed just $31 million, and its top officers siphoned off millions, the SEC claims in court.
By NICKEESHA SWABY
(CN) - Shareholders claim in court that BMC Software inked a merger deal with Bain Capital, Golden Gate Private Equity, GIC Special Investments and Insight Venture Management for an inadequate $46.25 per share price.
By LORRAINE BAILEY
(CN) - Magnum Hunter Resources Corp. hid its accounting problems from shareholders and fired its auditor for questioning its financial data, leading to a 67 percent drop in share price, a class claims in federal court.
MANHATTAN (CN) - China-based Subaye and its CFO James T. Crane claimed to have 1,400 employees and $39 million in income, but it was "an imaginary business" that "appeared not to exist," the SEC claims in Federal Court.
By PHILIP A. JANQUART
(CN) - Shareholders of power-inverter giant Power-One Inc. claim in court that a $1 billion merger with Swiss technology company ABB Inc. sells them out on the cheap.
By NICKEESHA SWABY
(CN) - JPMorgan Chase & Co. faces a derivative suit over $6.2 billion in losses suffered after a rogue company trader engaged in unsupervised high-risk trades last year.
By LORRAINE BAILEY
(CN) - Despite a difficult financial year at Lululemon Athletica, including a recall of see-through yoga pants, the popular athletic wear maker boosted the maximum payout of its executive bonus plan, a shareholder claims in court.
By PHILIP A. JANQUART
(CN) - Con Edison failed to provide enough accurate information in Securities and Exchange Commission filings for shareholders to make informed decisions in an upcoming vote, a class claims in New York Supreme Court.
By NICKEESHA SWABY
(CN) - Palomar Medical Technologies investors want to stop acquisition of the company by Cynosure Inc. for $294 million claiming in a class action that the price is inadequate.
By NICKEESHA SWABY
(CN) - Investors in biotechnology company Spectrum Pharmaceuticals Inc. claim in court that they were shocked when the company announced decreased sales of its colorectal cancer treatment fusilev after repeatedly touting strong demand for the drug.
By NICKEESHA SWABY
(CN) - Mod-Pac Corp. faces a class action alleging that the company failed to secure a fair price in go-private deal where the company will be sold to the company's CEO and affiliates for $27.5 million.
By PHILIP A. JANQUART
(CN) - VeriFone, the company that provides electronic point-of-sale equipment and software for merchants, defrauded investors by hiding its true financial status, which preceded a drop in stock prices, shareholders claim in a class action.
By PHILIP A. JANQUART
(CN) - Telecommunication software company Tangoe spent big bucks on acquisitions to hide revenue losses and a shrinking customer base, shareholders claim in a class action.
By LORRAINE BAILEY
(CN) - Shareholders claim Thermo Fisher Scientific's $13.6 billion offer for Life Technologies Corp. is unfair, claiming an anticipated rise in demand for genetic testing makes the company more valuable.
By LORRAINE BAILEY
(CN) - Shareholders say the firm that runs for-profit college ITT Technical Institute did not disclose its substantial liabilities to student loan providers, and its share price fell over 75 percent as it revealed the extent of its obligations.
By NICKEESHA SWABY
(CN) - In what prosecutors are calling the most profitable insider trading conspiracy ever uncovered, SAC Capital Advisors LP is being accused of illegally trading Wyeth LLC shares on inside information related to an Alzheimer's drug.
By NICKEESHA SWABY
(CN) - Financial holding company Sterling Bancorp is being sold on the cheap to Provident New York Bancorp, a class action claims in New York State Supreme Court.
By NICKEESHA SWABY
(CN) - A Texas fraudster has been sentenced to 71 months in prison for using a "pump and dump" scheme to manipulate stock prices though a network of virus-controlled computers.
(CN) - Jamil Bouchareb, Daniel Corbin and two of Corbin's companies will pay $1.2 million and go to prison to settle inside trading charges, the SEC said Wednesday.
By DAVID LEE
FORT WORTH (CN) - The owner of Gemstar Capital Group was sentenced to 10 years in federal prison for a $40 million Ponzi scheme he ran with former Dallas Cowboy Michael Kiselak.
By PHILIP A. JANQUART
(CN) - Rebuilding investor confidence is central to the health of the securities market as the Dodd-Frank Act and other
initiatives bring about "the most significant legal and regulatory overhaul of the industry and markets since the Great Depression," says Securities Industry and Financial Markets Association Acting President and CEO Ken Bentsen.
LOS ANGELES (CN) - A recidivist felon was sentenced Monday to 10 years in federal prison for defrauding people of $10 million in stock scams.
By NICKEESHA SWABY
(CN) - Ralph Lauren Corp. dodged charges for violations of the Foreign Corrupt Practices Act (FCPA) but will have to pay an $822,000 penalty and disgorge more than $700,000 in profits and interest in connection to bribes paid out by one of its subsidiaries to government officials in Argentina.
By NICKEESHA SWABY
(CN) - Bank of America has agreed to hand over a $500 million settlement to investors who bought risky mortgage-backed securities between 2005 to 2007 from Countrywide.
By DAVID LEE
DALLAS (CN) - R. Allen Stanford must be held civilly liable for his massive Ponzi scheme, the Securities and Exchange Commission argued, scoffing at the implication his criminal trial was unfair.
By LORRAINE BAILEY
(CN) - The U.S. Senate on Monday unanimously confirmed former federal prosecutor turned white-collar defense attorney Mary Jo White as the chief of the Securities and Exchange Commission.
By LORRAINE BAILEY
(CN) - The total dollar amount of securities settlements more than doubled in 2012 compared to the prior year, even as the number of settlements reached a 14-year low, a report by Cornerstone Research found.
By PHILIP A. JANQUART
(CN) - The financial industry has shot back amid recent accusations that U.S. taxpayers subsidize big banks to the tune of $83 billion.
By PHILIP A. JANQUART
(CN) - The Securities Industry and Financial Markets Association says it supports new rules proposed by the Securities and Exchange Commission governing cross-border security swap transactions.
By PHILIP A. JANQUART
(CN) - The public has until May 16, 2013 to submit comments on proposed "high-level" principles for benchmarks used in global financial markets, the International Organization of Securities Commissions (IOSCO) announced.
By NICKEESHA SWABY
(CN) - New legislation introduced by Maxine Waters and John Delaney of the House Financial Services Committee will allow the Securities and Exchange Commission to collect user fees from investment advisers to intensify the frequency of SEC examinations.
By NICKEESHA SWABY
(CN) - The Securities and Exchange Commission recently decided that companies can use social media outlets to disseminate information in accordance with Regulation Fair Disclosure (Regulation FD) as long as investors are aware of where to look for the information.
By MATT REYNOLDS
(CN) - The president of the North American Securities Administrators Association says lawmakers should introduce new measures to protect small investors in the wake of The Jumpstart Our Business Startups (JOBS) Act.