LOS ANGELES— A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009..» Read More
A federal grand jury in Houston has returned a new, 14-count indictment against alleged fraudster Allen Stanford, who was already accused in 2009 of running a $7 billion Ponzi scheme. But the new charges are unlikely to move the case closer to a trial.
Real life court cases bear very little resemblance to the ones on "Law & Order," and Exhibit A is the Raj Rajaratnam insider trading trial in New York.
Philip Morris and other major tobacco companies won a lawsuit Friday filed by 37 Missouri hospitals seeking more than $455 million for treating sick smokers.
A jury has begun deliberating at the trial of a hedge fund founder accused of making tens of millions of dollars through insider trading.
A federal court jury has rejected Mattel Inc.'s copyright infringement claims involving MGA Entertainment's popular line of Bratz dolls and awarded MGA $88.4 million for misappropriation of its trade secrets by the Barbie-maker.
No matter how the insider trading trial of hedge fund mogul Raj Rajaratnam turns out, his lead attorney tells CNBC exclusively that it will be his last trial.
A top Justice Department official says a sweeping guilty verdict in a Florida mortgage fraud case adds another face to the financial crisis.
After six weeks, testimony has concluded in the landmark insider trading trial of Galleon Group co-founder Raj Rajaratnam. Now, it will be up to attorneys for Rajaratnam and the government to persuade the jury in closing arguments, which are set to begin Wednesday.
Hospital operator Community Health Systems fired back against fraud allegations from rival Tenet Healthcare Tuesday, to claim a lawsuit levied by Tenet is "completely without merit."
How will Raj Rajaratnam's defense team counter all those undercover recordings of the hedge fund mogul receiving inside stock tips? By showing that the tipsters weren't telling him anything he didn't already know.
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Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs at the height of the financial crisis, prosecutors said this week at the Galleon founder's insider trading trial.
Secretly-recorded audio played by prosecutors reveals a phone conversation between hedge fund executive Raj Rajaratnam and his brother Rengan in which Rengan was concerned that the media had picked up on the deal.
Federal prosecutors say they do plan to call Goldman Sachs Chairman Lloyd Blankfein as a witness in the insider trading trial of Raj Rajaratnam, according to a letter sent to the judge in the case.
A taped conversation played for jurors in the criminal insider trading trial of hedge fund manager Raj Rajaratnam Tuesday indicated the Goldman Sachs board had a "divided" discussion in the summer of 2008 about trying to buy a commercial bank such as Wachovia.
At least as noteworthy as what attorneys did say in two-and-a-half hours of opening statements in the Raj Rajaratnam insider trading trial is what they did not say.
The U.S. Bureau of Prisons has denied a request by former Enron CEO Jeffrey Skilling for a temporary release from prison to attend his son's funeral, CNBC has learned. No reason was given for the denial.
Taco Bell is launching an advertising campaign Friday to fight back against a lawsuit charging its taco filling isn't beef.
Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.
Newly released documents detail 12 years of fits and starts at the Securities and Exchange Commission as financier Allen Stanford was allegedly running a global Ponzi scheme.
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