Stocks Fall After Fed Minutes Show Willingness to Taper in June
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LOS ANGELES-- AEG Live LLC did not conduct any background checks or supervise the doctor who was later convicted of killing Michael Jackson, a corporate attorney testified Tuesday in a lawsuit claiming the concert promoter was negligent in hiring the physician.
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As Countrywide shareholders vote on whether to be acquired by Bank of America--on the same day the state of Illinois is suing the Countrywide and CEO Angelo Mozilo for fraud--research firm SNL Financial says a horrible year for banks and thrifts hasn't stopped them from paying their chief execs pretty well.
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The New York Court of Appeals upheld Wednesday a lower court ruling in a lawsuit involving the compensation paid to former New York Stock Exchange CEO Richard Grasso.
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The Illinois attorney general's office plans to sue Countrywide Financial and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.
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Two former Bear Stearns managers have surrendered to face criminal charges linked to the collapse of a hedge fund that bet heavily into subprime mortgages before the market collapsed, federal authorities said.
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As Dov Charney’s personal team winds up its appeal of the latest sexual harassment case against him, there has been a fairly-major reshuffling of the management team that has left Chief Financial Officer Ken Cieply on a job hunt. Back in May, Chief Financial Officer Ken Cieply resigned from American Apparel.
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The indictment of two Bear Stearns hedge fund managers for securities fraud is expected to be announced later on Thursday in connection with a fund tied to the subprime lending market, CNBC has learned.
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The lurid case of hedge fund manager Seth Tobias, who died mysteriously in September, is finally nearing an end.
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A settlement has been reached in the estate case of hedge fund manager Seth Tobias, pending the approval of a Florida probate judge on Monday, CNBC has learned.
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A settlement has been reached in the estate case of hedge fund manager Seth Tobias, pending the approval of a Florida probate judge on Monday, CNBC has learned.
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A federal judge ruled on Wednesday that two investment firms waging a proxy battle at railroad CSX violated securities law in acquiring large stakes in the rail company, but allowed them to continue their fight at the annual shareholder meeting.
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The U.S. Supreme Court said Monday that it would hear a Philip Morris USA appeal seeking to overturn a $79.5 million punitive damages award won by the widow of a longtime Oregon smoker.
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Corrupt officials are raking off a sum equivalent to one third of Russia's annual budget, or $120 billion, a senior prosecutor was quoted as saying on Friday.
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Broadcom co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges—including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.
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In an exclusive report CNBC’s Charlie Gasparino reveals new details in the sexual harassment case involving a former junior trader at SAC Capital...
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A former Credit Suisse investment banker convicted of leaking inside information about pending mergers was sentenced to 10 years in prison by a federal judge Friday.
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John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.
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Appeals courts in New Jersey and Texas on Thursday scrapped verdicts against drug maker Merck stemming from some of the earliest trials involving its once popular painkiller Vioxx.
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A power struggle at the top of Hong Kong's largest property firm intensified on Thursday after its chairman filed suit against his brothers to stop them firing him, according to the firm and court documents obtained by Reuters.
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The White House said that President Bush would not veto a final bill from Congress that orders a halt to filling the Strategic Petroleum Reserve while oil prices are very high.
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Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.