Lawyers who won a class action suit against Tyco International and PricewaterhouseCoopers will be awarded 14.5 percent of the $3.2 billion settlement, plus nearly $29 million in expenses, a judge has ordered.
British insurance company Norwich Union was fined 1.26 million pounds (1.76 million euros; $2.54 million) on Monday for a data-protection failure that allowed criminals to cash dozens of policies held by customers.
U.S. securities regulators sued two former financial advisers at Morgan Stanley Friday for defrauding at least 50 mutual fund companies and their shareholders.
A judge sentenced former media mogul Conrad Black to 6-1/2 years in prison for obstructing justice and defrauding shareholders of one-time newspaper publishing giant Hollinger International.
A son of oil tycoon T. Boone Pickens was sentenced to five years of probation and ordered to take part in a substance abuse program for orchestrating a stock fraud scheme.
U.S. authorities at the Securities and Exchange Commission and the New York Attorney General's office probed mortgage securities pricing as early as 2005, perhaps missing a chance to contain the credit crisis, the Wall Street Journal reported on Monday.
Billionaire investor Warren Buffett, slated to be called as a prosecution witness in the criminal fraud trial against five executives for allegedly helping American International Group inflate its reserves, may also be called as a defense witness by at least one of the defendants, CNBC has learned.
Federal prosecutors intend to call billionaire investor Warren Buffett to testify against five former senior insurance executives charged with helping the American International Group to manipulate its financial statements through $500 million in phony transactions, according to court documents.
South Korean prosecutors probing corruption at the Samsung Group raided its brokerage unit Samsung Securities on Friday and did not rule out further search and seizures at Samsung offices, an official said.
Four former executives of JDS Uniphase did not commit securities fraud or engage in insider trading when they sold more than $350 million in JDSU stock before its price plunged in 2001, a U.S. jury said Tuesday.
Samsung chairman Lee Kun-hee spent the conglomerate’s slush funds as if they were his own money, a former senior legal advisor to the conglomerate said. Kim Yong-chul said Lee on one occasion spent $64.5 million on artworks for his wife.
U.S. network-equipment maker Cisco Systems said Thursday it suspended one of its Latin American executives due to criminal accusations against him regarding the company's ongoing tax evasion case in Brazil.
A New York appeals court has upheld the convictions of former Tyco International senior executives Dennis Kozlowski and Mark Swartz, the court clerk's office said Thursday.
Dennis Kozlowski has gone from the pinnacle of corporate power to the prison laundry, where he is washing other inmates' clothes when he's not helping them get their high school diplomas, the disgraced Tyco CEO says in an exclusive interview with CNBC.
Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.
The U.S. Justice Department is expected to seek indictments of up to four former BP traders as early as Thursday, the Wall Street Journal reported in its online edition.
Oil major BP faces fines in excess of $300 million to settle civil and criminal probes related to market manipulation charges and a Texas refinery explosion that killed 15 workers in 2005.
A U.S. securities regulator Tuesday warned investors to be wary of scams touting huge potential profits from energy-related stocks, when the onlypeople likely to make money are those running the schemes.
The chief executive of online gaming company Unibet Group has been arrested in the Netherlands on a French warrant, the company said Tuesday.
Singapore's SembCorp Marine removed its finance director, alleging he entered into unauthorized foreign-exchange transactions that could lead to an estimated US$248 million in losses.