NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.» Read More
Forget what you think you know about lone whistleblowers taking on giant corporations all by themselves. These days, there's a cottage industry to support—and profit from—whistleblowing.
When President Barack Obama signed the Dodd-Frank Wall Street reform act into law last summer, very few in the financial industry knew that the bill included a massive change in the way whistleblowing law works in this country.
That promise of cash is providing a new incentive for employees to reveal wrongdoing in their companies. What would you do?
Wall Street is suddenly paying attention to the culture of whistleblowing, because the new Dodd-Frank financial reform law, for the first time, extends whistleblower provisions to Wall Street, meaning employees who expose fraud and wrongdoing stand to collect between 10 and 30 percent of the amount recovered by the government.
Taking a look at the biggest fraud cases of all time, and you're left with just one question: What's wrong with the pharmaceutical industry?
Taco Bell is launching an advertising campaign Friday to fight back against a lawsuit charging its taco filling isn't beef.
An Illinois Appeals Court ruled Monday that former White House chief of staff Rahm Emanuel's name can't appear on the ballot for Chicago mayor because he didn't live in the city in the year before the election.
Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The New York Times reports.
The war of words between Activision-Blizzard and Electronic Arts has moved to a new plateau. Activision has added the rival publisher to its $400 countersuit against the creators of the “Call of Duty” franchise.
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.”
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 Financial Guaranty Corporation is suing Goldman Sachs over the deal that gave rise to fraud charges from the Securities and Exchange Commission last year.
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.
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.
MBIA wins the right to prove fraud case by statistical sampling.
the New York Times reports.
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.
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.
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.
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.