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  • High Court Says Lawsuits Over Merck Drug Can Proceed Tuesday, 27 Apr 2010 | 10:49 AM ET

    The Supreme Court said Tuesday that investors who lost millions when Merck pulled its blockbuster pain drug Vioxx off the market can go ahead with a lawsuit against the pharmaceutical giant.

  • Main Investor in Goldman Deal May Have Caused Losses Thursday, 22 Apr 2010 | 11:04 AM ET
    Goldman Sachs

    ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.

  • Major Issue in Goldman Case: Was There Really Any Fraud? Wednesday, 21 Apr 2010 | 11:47 AM ET
    gavel and money

    The government's case against Goldman Sachs revolves in part around whether the investor that selected the toxic securities at the center of the case also could be the primary victim.

  • US Politicians 'Looking For Scapegoats': Roach Wednesday, 21 Apr 2010 | 5:59 AM ET

    Hedge fund firm Paulson & Co. said its role in the collateralized debt obligations sold by Goldman Sachs was "appropriate and conducted in good faith," according to a company letter sent to investors and obtained by CNBC.

  • Paulson: Our Role in Goldman CDOs Was 'Appropriate' Wednesday, 21 Apr 2010 | 3:11 AM ET

    Hedge fund firm Paulson & Co. said its role in the collateralized debt obligations sold by Goldman Sachs was "appropriate and conducted in good faith," according to a company letter sent to investors and obtained by CNBC.

  • SEC and Allen Stanford: See Inspector General's Report Tuesday, 20 Apr 2010 | 1:22 PM ET

    The Securities and Exchange Commission knew that Allen Stanford was involved in a Ponzi scheme as far back as 1997, according to a report released Friday by SEC Inspector General David Kotz.

  • U.S. Attorney announces charges against former Societe Generale trader Samarth Agrawal for stealing company information.

  • Bove: Goldman Case Weak, but Risky for System Monday, 19 Apr 2010 | 7:56 AM ET

    Veteran financial analyst Dick Bove, with Rochdale Securities, sent out a research report Monday morning calling the SEC’s case against Goldman Sachs weak, but says the events of Friday could be setting the stage for another financial system collapse.

  • Top 10 Class-Action Lawsuits Friday, 16 Apr 2010 | 4:02 PM ET
    Status: Settled 2005Amount: $2.5 billionInvestors in AOL Time Warner stock sued the company for fraud under federal securities law.  The company was alleged to have improperly accounted for dozens of advertising transactions between 1998 and 2002. The alleged transactions created the appearance that they were generating revenue when, in reality, were just shifting money back and forth. The alleged false earnings statements inflated the company’s value by $1.7 billion.

    Here, we present the top 10 class-action lawsuits in the United States either won, settled or pending, and in terms of damages sought as compiled by LawInfo.com.

  • Former Auto Czar Investigated in Pension Probe Thursday, 15 Apr 2010 | 3:34 PM ET

    New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.

  • Alan Dershowitz Joins Allen Stanford Defense Team Thursday, 8 Apr 2010 | 5:53 PM ET
    Allen Stanford

    Indicted banker Allen Stanford, who this week switched criminal defense attorneys for the third time, has added a top legal scholar to his defense team.

  • U.S. Court Curbs F.C.C. Authority on Web Traffic Wednesday, 7 Apr 2010 | 10:23 AM ET
    Federal Communications Commission Chairman Julius Genachowski.

    A federal appeals court ruled on Tuesday that regulators had limited power over Web traffic under current law. The decision will allow Internet service companies to block or slow specific sites and charge video sites like YouTube to deliver their content faster to users. THe New York Times reports.

  • Cabbage Patch Magnate Buys Madoff's Penthouse Wednesday, 7 Apr 2010 | 9:48 AM ET

    The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.

  • Europeans Warned of Toyota Pedals Before US Wednesday, 7 Apr 2010 | 3:42 AM ET
    A Tacoma pickup truck on the lot of a Toyota dealership.

    Long before Toyota told U.S. regulators about sticking accelerator pedals, the Japanese automaker warned its distributors throughout Europe about similar problems, documents obtained by The Associated Press show.

  • Stanford Request for New Lawyers Gets Hearing Wednesday, 31 Mar 2010 | 8:57 AM ET
    Allen Stanford

    The federal judge in accused Ponzi schemer Allen Stanford's criminal case says he wants some answers before agreeing to Stanford's request for yet another new legal team.

  • New Agreement Offers Hope for Allen Stanford Investors Tuesday, 30 Mar 2010 | 4:13 PM ET
    Allen Stanford

    Victims of the alleged $7 billion Allen Stanford Ponzi scheme may get a greater voice in how what's left of their investments will be divvied up.

  • Judge Invalidates Human Gene Patent Tuesday, 30 Mar 2010 | 1:14 PM ET
    US District Court Justice Robert W. Sweet

    A federal judge on Monday struck down patents on two genes linked to breast and ovarian cancer. The decision, if upheld, could throw into doubt the patents covering thousands of human genes and reshape the law of intellectual property. The NYT reports.

  • QUIZ: How Much Do You Know About Enron? Thursday, 25 Mar 2010 | 12:54 PM ET

    How much do you know about one of the biggest business scandals of all time? Take our Enron quiz and find out.

  • Big Clients Keep Their Head Start Tuesday, 23 Mar 2010 | 11:16 AM ET
    Outside the New York Stock Exchange in lower Manhattan.

    Wall Street hates a level playing field. What it loves is an edge, an inside track, that extra something — especially when it comes to information that moves markets.

  • Producer Files $30 Million Suit Against Lady Gaga Friday, 19 Mar 2010 | 8:23 AM ET
    Singer Lady Gaga during an announcement of her long term partnership with Polaroid as the brand's creative director on a speciality line of imaging products.

    A songwriter and music producer who claims he helped launch pop star Lady Gaga says she squeezed him out of her lucrative career after he co-wrote some of her songs, came up with her stage name and helped get her record deal.