GO
Loading...

Lawsuits

More

  • UBS Sued over 77-Year-Old Lady's $26 Million Loss Wednesday, 29 Jul 2009 | 4:24 AM ET
    UBS

    Swiss banking giant UBS is being sued in Hong Kong for allegedly duping a 77-year-old woman into buying highly risky derivative investments that cost her nearly $26 million in losses.

  • Mayors, Rabbis Arrested in Corruption Sting Thursday, 23 Jul 2009 | 5:27 PM ET

    The mayors of two New Jersey cities, a current and former state legislator and five rabbis were among more than three dozen people arrested Thursday in a sweeping corruption investigation.

  • Hunting Remnants of a Fraudulent Life of Luxury Monday, 20 Jul 2009 | 11:38 AM ET
    Marc S. Dreier

    The lawyers working to recover the assets of Marc Drier -- a lawyer arrested for defrauding his investors of $700 million -- face unexpected obstacles as they disentangle the web of fraud, says the New York Times.

  • Sotomayor On the High Court: What Business Can Expect Wednesday, 15 Jul 2009 | 12:16 PM ET
    Sonia Sotomayor, as nominee for US Supreme Court Justice.

    Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

  • Calpers Sues Over Credit Ratings of Securities Wednesday, 15 Jul 2009 | 4:05 AM ET

    The largest public pension fund in the US has filed suit in connection with in losses that it says were caused by “wildly inaccurate” credit ratings, the New York Times reports.

  • Claims Total Over 15,400 in Fraud by Madoff Friday, 10 Jul 2009 | 11:04 AM ET

    The final tally of claims from victims of Bernard L. Madoff’s vast Ponzi scheme comes to more than 15,400, substantially higher than the 8,800 claims that had been filed by the first of June.

  • Jackson's Mom Asks to Manage Son's Estate Monday, 6 Jul 2009 | 2:54 PM ET

    Katherine Jackson urged the court to let her stay in charge of her son's estate—a request she was denied—as her attorneys filed papers saying, "these circumstances are anything but ordinary."

  • Another Music Lawsuit, but with an Unexpected Target Thursday, 2 Jul 2009 | 3:57 AM ET

    It's not surprising that there's yet another lawsuit claiming copyright infringement in the music industry. But it is surprising that this latest suit doesn't attack typical pirates, but companies that actually run paid online music subscription services.

  • UK Freezes $100 Million in Stanford-Linked Assets Tuesday, 30 Jun 2009 | 4:00 PM ET
    Allen Stanford

    Britain's Serious Fraud Office (SFO) froze over $100 million of assets linked to Allen Stanford, the US financier accused of a massive fraud.

  • Madoff Investors 'Greedy': Hendry Tuesday, 30 Jun 2009 | 4:52 AM ET

    People who invested with Bernard Madoff were greedy and happy to accept high returns without probing too much in the way these were achieved, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.

  • Madoff Gets 150 Years Monday, 29 Jun 2009 | 9:06 PM ET

    The 150-year prison sentence issued to swindler Bernard Madoff Monday will send a strong signal to other potential perpetrators of fraud and to the financial markets in general, the White House said in a statement Monday.

  • High Court: Drug Data-Mining Not Free Speech Monday, 29 Jun 2009 | 10:53 AM ET

    The U.S. Supreme Court declined on Monday to hear an appeal by two publishers of health-care information arguing that data mining for commercial purposes is protected by free-speech rights.

  • Supreme Court Rebuffs Hollywood Anti-DVR Bid Monday, 29 Jun 2009 | 10:40 AM ET

    Hollywood studios and television networks have lost a Supreme Court bid to block the use of a new digital video recorder system that could make it cheaper and easier for viewers to record shows and watch them when they want, without commercials.

  • Investors Compete for a Piece of the Madoff Pie Monday, 29 Jun 2009 | 9:37 AM ET

    Bernard Madoff's victims are  warring over funds from the government-chartered agency that insures brokerage customers, The New York Times reports.

  • Prosecutors Want 150-Year Sentence for Madoff Friday, 26 Jun 2009 | 7:16 PM ET
    Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • Stanford in Texas, To Appear in Court Thursday Wednesday, 24 Jun 2009 | 4:21 AM ET

    Allen Stanford is back in his home state of Texas and is being held at a federal detention facility in Conroe, Texas, about 40 miles north of Houston, according to his attorney.

  • Huntsman Settles with 2 Banks for $1.7 Billion Tuesday, 23 Jun 2009 | 4:23 PM ET

    Huntsman said Tuesday two investment banks will pay it a $1.7 billion settlement over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.

  • Madoff Suits Add Details About Fraud Tuesday, 23 Jun 2009 | 10:27 AM ET

    Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff’s long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.

  • Madoff Lawyer Seeks 12-Year Term for Swindler Tuesday, 23 Jun 2009 | 9:57 AM ET
    Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • Settlement Anticipated in UBS Secrecy Case Tuesday, 23 Jun 2009 | 6:01 AM ET
    UBS

    The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion, a United States official briefed on the matter said Monday, the New York Times reported.