NEWARK, N.J. (CN) - A former TD Ameritrade employee who claims he was fired in retaliation for being a whistleblower must arbitrate his dispute with the company, despite Dodd-Frank's no-arbitration provisions, a federal judge ruled.
MANHATTAN (CN) - The 2nd Circuit freed two hedge-fund managers of insider-trading convictions today, in a decision that could require the Supreme Court to determine prosecutorial burden of proof in future securities-fraud cases.
MANHATTAN (CN) - Fictitious profits paid to certain investors in Bernie Madoff's massive Ponzi scheme cannot be seized by the bankruptcy trustee overseeing liquidation of the business, the 2nd Circuit ruled.
(CN) - A deal protection measure in HIG Capital's acquisition of Comverge Inc. may have impermissibly prohibited another bidder from making Comverge shareholders a better offer, the Delaware Chancery Court ruled.
(CN) - Tibco Software shareholders are not entitled to enjoin the company's acquisition by Vista Equity, in a deal that incorrectly valued the company based on a miscount of the number of outstanding Tibco shares.
(CN) - Sanofi S.A. paid tens of millions of dollars in kickbacks to sell the company's drugs and fired a whistleblower for reporting it, shareholders say in a federal complaint.
(CN) - American Realty Capital Properties relied on a false registration statement related to the acquisition of Cole Real Estate Investments, Inc. causing its post-merger share price to plummet when the news was revealed, claims a shareholder in Baltimore County Circuit Court.
(CN) - Walgreen's plans for corporate reorganization, filed with the Securities and Exchange Commission, fail to address the impact that former CFO Wade Miquelon's serious allegations against the company's highest officers may have on Walgreen's future, a class claims in court.
(CN) - Cobalt International Energy misled investors about the legality of its oil exploration activities in Angola, as well as the value of its Angolan oil wells, a class of shareholders claims in court.
(CN) - Vivint Solar Inc. and majority stockholder The Blackstone Group LP provided investors with an inaccurate financial forecast in initial public offering documents before stocks tanked when the news emerged, shareholders claims in a class action.
MANHATTAN (CN) - Shares in a leading Chinese steel processor dropped 20 percent overnight after the company squandered $234 million on antique porcelain, a federal class action alleges.
MANHATTAN (CN) - A company that billed itself as the largest e-payment enabler in Southeast Asia failed to deliver third-quarter financial results last week, sending shares into a tailspin, a federal class action alleges.
DALLAS (CN) - AT&T's throttling of its "unlimited" data plan for mobile phone users exposes the company to billions of dollars in potential claims, an angry shareholder claims in court.
SAN FRANCISCO (CN) - Top managers and board members of computer networking company Infoblox sold $39.4 million of their shares at prices inflated through false and misleading statements, a shareholder claims in a federal derivative lawsuit.
(CN) - Aeterna Zentaris Inc. stock price tumbled after it came out that the firm allegedly lied about the effectiveness of one of its drugs, shareholders say in a federal class action.
(CN) - Bernard Madoff's long time assistant was sentenced to six years in prison today for her role in the Ponzi scheme that cost investors as much as $20 billion.
(CN) - A federal judge on Monday sentenced Bernard Madoff's former director of operations to 10 years in prison and order him to forfeit $155 billion for his role in the multi-billion fraud scheme.
(CN) - A Senate subcommittee heard testimony on the alleged vulnerability of Federal Reserve regulators to adopting the viewpoints of the bankers they regulate, and imposing "bland" discipline for infractions.
(CN) - Citigroup has been fined $15 million by the Financial Industry Regulatory Authority for failing to adequately supervise its analysts' interactions with the bank's clients and trading staff.
(CN) - A North Carolina man accused of being the mastermind of an $850 million Ponzi scheme pleaded not guilty to multiple federal charges of fraud and conspiracy.
(CN) - The Financial Industry Regulatory Authority has proposed a rule that would require firms to disclose buy and sell prices when transactions involve the same security on the same day.