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  • Remington Model 700 rifle

    The manufacturer of the most popular hunting rifle in the world has been aware of potential safety problems with the gun since before it went on the market—60 years ago.  Newly uncovered documents, including memos and drawings by the gun’s inventor, show company officials discussing the potential problem, as well as whether a design change is worth “the high expenditure required to make the conversion.”

  • States Warned of $2 Trillion Pensions Shortfall Tuesday, 18 Jan 2011 | 4:51 AM ET

    US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund, reports the Financial Times.

  • ACA Sues Goldman Sachs Over Abacus Deal Thursday, 6 Jan 2011 | 5:14 PM ET
    The Goldman Sachs booth on the floor of the New York Stock Exchange

    ACA Financial Guaranty Corporation is suing Goldman Sachs over the deal that gave rise to fraud charges from the Securities and Exchange Commission last year.

  • Hearing Set on Stanford Bid to Delay Trial Thursday, 30 Dec 2010 | 6:02 PM ET

    The judge in the upcoming criminal trial of accused Ponzi schemer Allen Stanford has set a hearing for next Thursday on Stanford's motion to delay the trial, which is scheduled to begin January 24.

  • Assange Signs Book Deals Worth Over $1.5 Million Monday, 27 Dec 2010 | 6:39 AM ET
    Julian Assange

    Julian Assange has signed book deals worth more than £1 million ($1.5 million) in the US and UK, to allow the WikiLeaks founder to cover his legal fees and maintain the whistleblowing site, reports the Financial Times.

  • Bank of America Loses Key Battle In Mortgage Fraud Fight Thursday, 23 Dec 2010 | 11:44 AM ET

    MBIA wins the right to prove fraud case by statistical sampling.

  • Comments by Overseer of BP Fund Irk Lawyers Wednesday, 22 Dec 2010 | 10:20 AM ET
    Kenneth R. Feinberg

    the New York Times reports.

  • US Widens Stanford Probe to Brokers Tuesday, 14 Dec 2010 | 6:26 AM ET
    Allen Stanford

    US securities regulators have broadened their investigation into the alleged $8 billion Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products, reports the Financial Times.

  • Speculators Are Eager to Bet on Madoff Claims Tuesday, 14 Dec 2010 | 5:26 AM ET
    Bernie Madoff

    The lawsuits filed by the trustee seeking money for Bernard L. Madoff’s fraud victims may be a blow for the defendants — but they are catnip for an obscure breed of Wall Street traders speculating on the outcome of the enormous Madoff bankruptcy case, the New York Times reports.

  • Financier Bernard Madoff with his wife Ruth Madoff and son Mark Madoff during November 2001 in Long Island, NY.

    In addition to Mark Madoff's children being sued—three days before his suicide—by Bankruptcy Trustee Irving Picard, Mark Madoff himself was implicated in another lawsuit Picard filed on Friday.

  • Google, Apple Shares Rise After Judge Tosses Suit Monday, 13 Dec 2010 | 10:22 AM ET
    Paul Allen

    Shares of Google and Apple edged higher in pre-market trading after a federal court judge dismissed a patent lawsuit against the tech giants brought by Microsoft co-founder Paul Allen.

  • Madoff Son's Suicide Followed Battle with Trustee Sunday, 12 Dec 2010 | 10:16 PM ET
    Financier Bernard Madoff with his wife Ruth Madoff and son Mark Madoff during November 2001 in Long Island, NY.

    For two years, the two sons of jailed financier Bernard Madoff portrayed themselves as honest whistleblowers of their father's historic fraud. A court-appointed trustee depicted them as bungling money managers who did nothing to protect investors.

  • Madoff’s Elder Son Found Dead in Suicide Saturday, 11 Dec 2010 | 4:12 PM ET
    Financier Bernard Madoff (R) with his sons Mark Madoff (L) and Andrew Madoff (C) during July 2001 in Montauk, NY.

    Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested, the New York Times reports.

  • Bernie Madoff

    We knew immediately this was going to be the largest fraud ever, by a long shot. And it was. $18 billion. Almost ten times larger than any other Ponzi scheme. It became clear very early that the direct Madoff investors were doomed.

  • 'You Can Do Great Business Staying Clean': Siemens CEO Thursday, 9 Dec 2010 | 9:32 AM ET

    In late 2006, the German engineering giant Siemens, one of world’s largest companies, was engulfed in a corruption scandal.

  • Attorney: Stanford Too Drugged to Defend Himself Monday, 6 Dec 2010 | 10:53 PM ET
    Allen Stanford

    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.

  • Law

    The environmental group Greenpeace filed a lawsuit in US district court in Washington Monday accusing the Dow Chemical Company, a smaller chemical manufacturer, and several other defendants of engaging in a years-long campaign of corporate espionage against Greenpeace and other players in the environmental movement.

  • Partisan Rift Slows Product Safety Database Plan Wednesday, 24 Nov 2010 | 12:57 PM ET
    Drop Side Crib recalled by Jardine Enterprise

    On Wednesday, the Consumer Product Safety Commission is scheduled to vote to create a new, publicly accessible database of safety complaints that is intended to make it easier for consumers to learn about problems with a product, the New York Times reports.

  • Wells to Pay Citi $100M to Settle Wachovia Lawsuit Friday, 19 Nov 2010 | 12:52 PM ET
    Wells Fargo

    Wells Fargo will pay Citigroup $100 million to settle a legal dispute over the contentious 2008 purchase of Wachovia, the companies said on Friday.

  • Foreclosure Fix Is Seen as Distant Thursday, 18 Nov 2010 | 10:59 AM ET
    Foreclosure

    Changing the face of foreclosure in America will take some time, several state attorneys general said Wednesday, cautioning that an agreement with major lenders over revamped foreclosure practices was not imminent. The New York Times reports.