DALLAS— Jurors have decided that a Texas company should pay $175 million in damages for changing the design of highway guardrails without telling government transportation officials. Critics say the change is turning guardrails into spears that impale cars that hit them. The verdict against Trinity Industries Inc. was handed down Monday in federal...» Read More
A former executive of Bear Stearns has sued for a $2 million bonus he says he is owed.
Attorneys for Texas financier R. Allen Stanford, who is accused by the Securities and Exchange Commission of running a "massive Ponzi scheme," say the agency has "railroaded" their client and now is trying to prevent him from defending himself.
Sam Keller might have not been the college quarterback that many thought that he would be, but he soon might make a name for himself as the guy that took down the NCAA.
Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.
Texas financier R. Allen Stanford, listed by Forbes last year as the 205th richest person in America with a net worth of $2.2 billion, in fact has less than $3 million in cash. That, according to the court-appointed receiver who is trying to sort out an alleged "massive Ponzi scheme" at Stanford's companies.
Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.
A federal court has ruled that Florida's lawsuit against the former chief executive of Countrywide Financial should be tried in state court.
Know exactly what your broker can and cannot do with your money before you give them the keys to your portfolio.
Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.
The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.
Accused fraudster Allen Stanford is asking a federal court to lift a freeze on $10 million of his assets to pay for his legal defense.
The court-appointed receiver in the case of Texas financier R. Allen Stanford is suing 66 former employees of the firm, trying to recover $40 million dollars for victims of the alleged scam.
A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into bankruptcy.
The Long Island law student who is suing Bernie Madoff''s brother over the loss of his trust fund has a new and unlikely adversary: the bankruptcy trustee who is representing Bernie Madoff's creditors.
U.S. securities regulators will consider about 4 proposals to restrict short selling, a type of investing blamed for accelerating the severe downturn in financial services stocks.
Australia's markets watchdog is suing the country's third-largest iron ore miner, Fortescue Metals, and its chief, Andrew Forrest, accusing them of misleading investors over several Chinese deals struck in 2004.
Former Enron CEO Jeffrey Skilling will be resentenced July 30, after an appeals court earlier this year ruled his 24 year sentence was too harsh.
A new report from SEC Inspector General David Kotz says the agency is not doing enough to address complaints about abusive, "naked" short selling.
The Internal Revenue Service is allowing tax relief and refunds for some investors who paid taxes on earnings from their investments with Bernard Madoff that turned out to be nonexistent.
A building materials company and its owner have appealed a $12.6 million verdict against them, alleging that a juror was posting related messages on Twitter.com while hearing the case.