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  • Biovail Ends Lawsuit As Investigations Continue Monday, 10 Sep 2007 | 4:22 PM ET

    The New York Post broke the news today that Biovail Corporation, Canada's biggest biotech, is dropping its lawsuit against a hedge fund, a research outlet, Bank of America Securities and its former specialty pharmaceuticals analyst David Maris. "60 Minutes" did a piece on the lawsuits last year. Shortly after being sued, Maris left B of A. He and the company never disclosed..

  • SEC Subpoenas Greenberg In AIG Accounting Probe Thursday, 6 Sep 2007 | 3:39 PM ET
    Maurice "Hank" Greenberg

    CNBC has learned that Maurice "Hank" Greenberg has received a subpoena from the SEC and will be giving his first deposition as part of the SEC’s continuing investigation into what role, if any, he played in alleged accounting improprieties at American International Group.

  • Saks Settles SEC Charges of Misstated Results Wednesday, 5 Sep 2007 | 1:17 PM ET

    The Securities and Exchange Commission said Wednesday that Saks Inc. has agreed to settle a lawsuit that Saks Fifth Avenue understated sales to some vendors and didn't record markdowns properly, inflating its earnings.

  • Fired Wal-Mart Exec's Lawsuit Dismissed Thursday, 23 Aug 2007 | 4:39 AM ET

    A state judge in Michigan has sided with Wal-Mart Stores and dismissed a lawsuit by former marketing executive Julie Roehm over her firing, saying the case should be filed in Arkansas.

  • Another Former Brocade Executive Charged with Fraud Friday, 17 Aug 2007 | 3:42 PM ET

    The U.S. Securities and Exchange Commission on Friday filed fraud charges against the former chief financial officer of Brocade Communications Systems, saying he disregarded indications other executives were backdating stock options.

  • Video Game Maker Take-Two Gets 'Wells' Notice Wednesday, 15 Aug 2007 | 5:57 PM ET

    Video game publisher Take-Two Interactive Software received a "Wells" notice last week from the U.S. Securities and Exchange Commission's division of enforcement, in connection with a previously disclosed investigation into Take-Two's historical stock-option practices.

  • Amgen May Downsize, Analyst Upgrade Monday, 13 Aug 2007 | 12:30 PM ET

    After falling to a new low on Friday, Bernstein Biotech Analyst, Geoffrey Porges, is upgrading shares of AMGN from Market Perform to Outperform. Investors are bidding up the beaten down stock in midday trading. Bernstein makes a market in the stock.

  • Beazer Homes Delays Quarterly Report Monday, 13 Aug 2007 | 8:24 AM ET

    Beazer Homes delayed filing its June quarterly report with the Securities and Exchange Commission last Friday, due to accounting complications related to its land-development costs and costs to complete houses.

  • SEC Examines Wall Street Books for Subprime Losses Friday, 10 Aug 2007 | 10:50 AM ET

    U.S. regulators are scrutinizing the books of Wall Street's largest investment banks amid questions they are hiding losses from subprime mortgages, people familiar with the inquiry said.

  • Roel C. Campos to Leave the SEC Next Month Friday, 10 Aug 2007 | 3:41 AM ET

    Roel C. Campos, a member of the Securities and Exchange Commission, announced Thursday that he will leave the agency next month, about three years before his second term expires.

  • Former Brocade CEO Gregory Reyes

    A day after former Brocade CEO Gregory Reyes was found guilty on all 10 securities fraud charges brought against him, dozens of Silicon Valley executives--and hundreds of executives nationwide--faced with the same allegations, will have to re-think their defense strategies. The sweeping verdict in the first-of-its-kind criminal case for the U.S. Justice Department sent a seismic ripple through this region yesterday.

  • Senate Report Faults SEC on Hedge Fund Probe Saturday, 4 Aug 2007 | 2:15 PM ET

    The SEC mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a U.S. Senate report says. The report from the Senate Finance and Senate Judiciary committees, released late on Friday, ends a yearlong inquiry into the dismissal of former SEC staffer Gary Aguirre.

  • Beazer, Rumor: Can You Say Edgy?? Wednesday, 1 Aug 2007 | 3:45 PM ET

    One rumor on the floor that Beazer might be in trouble and -- boom -- the whole sector drops like a brick. I run around calling all the analysts I know, and one by one they say it's all unfounded -- yeah, Beazer has some issues with litigation and its lending practices, and there's that SEC investigation that was announced as "formal" last week, but overall they're in no worse position than any of the other beleaguered home builders. Their stock may be, but the company isn't.

  • Cardinal Health

    Cardinal Health has agreed to pay $35 million to settle charges that it engaged in nearly a four-year fraudulent revenue and earnings scheme, the U.S. Securities and Exchange Commission said on Thursday.

  • KLA-Tencor Former CEO Charged With Fraud by SEC Wednesday, 25 Jul 2007 | 3:21 PM ET

    The U.S. Securities and Exchange Commission said on Wednesday that it has charged the former chief executive of KLA-Tencor with fraud for his involvement in a stock options backdating scheme.

  • SEC Mulls Use of International Accounting Standards Wednesday, 25 Jul 2007 | 2:32 PM ET

    The U.S. Securities and Exchange Commission took a step Wednesday toward considering whether U.S. companies could file their financial data using international accounting standards.

  • SEC Debating Shareholder Proposals Wednesday, 25 Jul 2007 | 6:08 AM ET

    Federal regulators are debating proposals related to shareholders gaining access to company ballots. One plan, setting a minimum level of stock ownership for the investors to get that access, has already stirred opposition from shareholder activist groups.

  • Target: What Will Ackman Do With Increased Shares? Wednesday, 18 Jul 2007 | 10:37 AM ET
    Target

    As we told you here on this blog last week, Pershing Square Capital Management upped its stake in Target beyond +5%. Per the SEC regulatory filing made Monday, Bill Ackman increased his stake in TGT to 9.6% of shares outstanding.

  • Whole Foods says SEC Probing Postings, CEO Sorry Tuesday, 17 Jul 2007 | 5:21 PM ET

    Whole Foods Market said Tuesday the U.S. Securities and Exchange Commission is conducting an inquiry into Web postings involving the company, whose chief executive apologized to shareholders for his anonymous posts on financial message boards.

  • Regulators Eye Whole Foods CEO Postings Monday, 16 Jul 2007 | 5:12 AM ET

    Federal regulators have undertaken an informal investigation in the anonymous online postings of John Mackey, the chief executive of Whole Foods Market, some of which denigrated a smaller rival grocery chain and that raise novel questions for securities watchdogs.