(CN) - A federal appellate panel gave construction titan Tutor Perini the go-ahead to pursue claims against Bank of America's investment division for allegedly duping it into buying doomed auction rate securities amid the 2008 financial crisis.
MANHATTAN (CN) - There was nothing unfair about "lock-up agreements" that earned $100 million for major banks like Goldman Sachs, JPMorgan Chase and Morgan Stanley during Facebook's ill-fated initial public offering from 2012, the Second Circuit ruled.
(CN) - A fund controlled by the Libyan government may be immune from a receiver's attempts to claw back $50 million in payments it received from R. Allen Stanford's massive Ponzi scheme, the Fifth Circuit ruled.
(CN) - Capital One's board did not consciously disregard its responsibility to oversee the bank's compliance with anti-money laundering laws, the Delaware Chancery Court ruled in dismissing a shareholder derivative suit.
(CN) - Shareholders of biopharmaceutical company Dynavax Technologies Corp. claim the company's top officers lied about the U.S. Food and Drug Administration's approval of its leading hepatitis drug causing a disastrous stock price plummet when the truth came to light.
(CN) - A New York class action seeks to hold Brazilian mining company Samarco liable for investors' losses after its dam collapsed, killing residents of a nearby village and flooding the area with toxic sludge.
SAN DIEGO (CN) - Shareholders of Ligand Pharmaceuticals filed a federal class action accusing the company of overstating its assets and exaggerating its financial picture, causing its share price to plummet 5 percent in just two days once the problems came out.
(CN) - Investors claim in a class action that Chinese online retailer Dangdang disregarded a third-party buyout bid so that Dangdang's controlling shareholders could take the company private in a lowball deal.
(CN) - The proposed $465 million acquisition of Everyday Health by media conglomerate Ziff Davis is "tainted" by director self-interest, shareholders claim in a class action.
CHICAGO (CN) - Allstate concealed that the expansion of its car insurance business significantly reduced its profit margin, keeping its share price artificially high while its CEO sold $33 million in stock, a securities class action claims.
(CN) - Shareholders are taking pharmaceutical giant Allergan to court over losses suffered in the wake of revelations that the company is being probed by the Department of Justice over accusations of generic drug price fixing.
REDWOOD CITY, Calif. (CN) - Twitter investors claim in court that poor structuring of employee pay has kept the company from flourishing and caused stock prices to drop.
(CN) - A Microsoft shareholder wants a federal judge to put the brakes on the software giant's upcoming board member re-election vote, on the grounds that a company proxy statement concerning executive compensation does not square with U.S. tax law.
(CN) - Investors are taking meat producer Tyson Foods Inc. to court over market share loss when a competing meat producer sued the company for allegedly fixing the price of chicken.
MANHATTAN (CN) - A former executive claims in a federal lawsuit that Thomson Reuters fired him for speaking out against misleading financial information prepared for investors in a $3 billion deal.
WASHINGTON (CN) - The Securities and Exchange Commission approved a plan to create a comprehensive database known as the consolidated audit trail (CAT).
(CN) - A trio of state Republican organizations have asked the 11th Circuit to overturn a Securities and Exchange Commission rule that places tight limits on political contributions from financial advisors and others in the industry.
(CN) The Securities and Exchange Commission has approved a rule change that requires certain members of the financial sector to report transactions in U.S. Treasury securities to the Trade Reporting and Compliance Engine (TRACE) database, where more common transactions are reported.
(CN) - The North American Securities Administrators Association has thrown its support behind proposed changes to intrastate crowdfunding rules it says will benefit local, small businesses attempting to raise capital.
(CN) - Mary Joe White announced plans to step down as chair of the Securities and Exchange Commission at the end of Obama's term, which will allow President-elect Trump to choose a successor.
(CN) - With Hillary Clinton looking increasingly likely to secure the presidency, leaked emails show her willingness to accommodate Wall Street - a willingness that diverges sharply from her public pronouncements of being eager to take on the banking industry.
WASHINGTON (CN) - Voicing concerns about the proposed $85.4 billion merger of AT&T and Time Warner, a senator urged the Judiciary Committee to consider a public hearing before the lucrative communications merger goes forward.