Wednesday, December 17, 2014 10:30 PM PT
By CHRIS FRY 

     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. 

By LORRAINE BAILEY 

     (CN) - Dole Foods may demand to see appraisal documents used by Hudson Bay Master Fund and Ripe Holdings in their decisions buy Dole stock days ahead of its go-private merger in 2013. 

By TIM HULL 

     (CN) - Claims that the for-profit education company Apollo Group inflated its worth with lies and sketchy recruitment tactics failed to impress the 9th Circuit. 

By ADAM KLASFELD 

     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.
 

By DAVID LEE 

     DALLAS (CN) - A federal judge refused to toss participation in breach of fiduciary duty claims against Pershing LLC, the clearing agent for R. Allen Stanford's $7 billion Ponzi scheme. 

By ARVIN TEMKAR 

     OAKLAND (CN) - A federal judge froze the assets of a company the SEC accused of running a $130 million pyramid scheme in Internet ads. 

By MARLENE KENNEDY 

     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. 

By PHILIP A. JANQUART 

     (CN) - The Court of Appeals for the D.C. Circuit denied a former investment advisor's request to review his ban from the securities industry after he was accused of insider trading. 

By CHARLY HIMMEL 

     RICHMOND, Va. (CN) - A shareholder objecting to the proposed merger of Franklin Financial Corporation and TowneBank is not entitled to an injunction blocking the deal, a federal judge ruled. 

By LORRAINE BAILEY 

     (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. 

By LORRAINE BAILEY 

     (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. 

By PHLIIP A. JANQUART 

     (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.

By NICKEESHA SWABY 

     (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.

By LORRANIE BAILEY 

     
     (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.

By LORRAINE BAILEY 

     (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.

By PHILIP A. JANQUART 

     (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.

By BARBARA LEONARD 

     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.

By BARBARA LEONARD 

     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.

By DAVID LEE 

          
     
     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.

By ARVIN TEMKAR 

     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.

By PHILIP A. JANQUART 

     
     (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.

By LORRAINE BAILEY 

     
     (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.

By DAN MCCUE 

     (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.

By DAN MCCUE 

     (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.

By JULIE BAKER-DENNIS 

     LOS ANGELES (CN) - A California-based multi-million dollar ATM Ponzi scheme has been shut down by the Securities and Exchange Commission through an emergency order by a federal judge in Sacramento. 

By PHILIP A. JANQUART 

     (CN) - Investors are recoiling from a proposed plan to collect their individual account data on a regular basis to help prevent "misconduct" in the securities industry. 

By PHILIP A. JANQUART 

     (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.

By LORRAINE BAILEY 

     (CN) - Six federal agencies approved a final rule requiring security sponsors to retain at least a five percent interest in the assets they securitize.