NEW YORK, Dec 9- Merck& Co has agreed to settle hundreds of lawsuits over jaw injuries allegedly caused by the osteoporosis drug Fosamax, lawyers disclosed at a court hearing Monday.» Read More
Former FDIC chair Shelia Bair feels the $1.8 billion fine against SAC hurts and she applauds the U.S. Attorney and SEC for bringing charges against SAC.
SAC Capital Advisors is expected to pay $1.8 billion to the federal government after pleading guilty to criminal fraud charges. CNBC's Kate Kelly reports the latest details.
NEW YORK, Nov 4- Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc..
NEW YORK, Nov 4- Bank of America Corp has won the dismissal of an unusual lawsuit by shareholders accusing it of concealing a $10 billion fraud case brought by American International Group Inc..
SAC said that it is responsible "for the handful of men who pleaded guilty and whose conduct gave rise to SAC's liability." CNBC's Kate Kelly reports.
U.S. Attorney Preet Bharara says it is rare to hold a corporate entity like SAC Capital accountable for these types of securities fraud charges, reports CNBC's Kate Kelly.
CNBC's Tyler Mathisen, Bob Pisani and Dominic Chu discuss the fallout from the SAC Capital settlement and the likelihood U.S. Attorney Bharara will go after individuals.
Are some institutions too big to jail? CNBC's Kate Kelly says this unprecedented case is not over yet and this settlement serves as a warning to what potential litigation lies ahead.
April Brooks, FBI special agent-in-charge, says SAC's plea demonstrates that cheating and breaking the law were permitted and allowed to persist. SAC will terminate operations as an investment adviser, Brooks added.
U.S. Attorney Preet Bharara announces the resolution to the SAC plea agreement which does not involve guilt by any individual nor does it provide criminal protection or immunity for any individuals going forward.
CNBC's Kate Kelly reports SAC Capital has pleaded guilty to 5 counts of securities and wire fraud charges, and has agreed to pay $1.8 billion in total penalties.
CNBC's Scott Cohn and Bethany McLean, Vanity Fair contributing editor, discuss the large scope of the SAC investigation.
WILMINGTON, Del., Nov 4- Cooper Tire& Rubber Co of the United States and Apollo Tyres Ltd of India should be enjoying a honeymoon. The result is a lawsuit in Delaware's Court of Chancery in which Cooper, which has 13,000 employees worldwide, is seeking a court order to close the deal.
CNBC's Kate Kelly reports SAC Capital has pleaded guilty to a combination of 5 counts of securities and wire fraud charges. SAC has agreed to pay $1.8 billion to the U.S government.
Attorney General Eric Holder is expected to announce a $2.2 billion fine against Johnson & Johnson. CNBC's Scott Cohn reports the latest details.
CNBC's Carl Quintanilla and David Faber speak with and Harvey Pitt, Kalorama Partners CEO, about the SAC agreement to terminate its investment advisory business.
CNBC's Kate Kelly reports U.S Attorney Preet Bharara has announced a proposed resolution for the SAC insider trading case. Details of the settlement will be released at the 1pm press conference held by Bharara.
CNBC's Jim Cramer and David Faber discuss the implications of the SAC settlement and Steven Cohn's interest in buying a Major League Baseball team.
CNBC's Kate Kelly reports the latest on the expected SAC plea with the DOJ and the record fiscal details of the settlement.
TOKYO, Nov 1- A civil lawsuit between Wynn Resorts Ltd and Japanese billionaire Kazuo Okada has been put on hold for another six months to allow U.S. prosecutors to continue investigating Okada and his companies for possible bribery in the Philippines.