Bank of America asked a federal judge to throw out a verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit.» Read More
William F. Browder, once the largest foreign investor in the Russian stock market, filed court documents in New York this week contending that other Western investors in Russia had colluded with the authorities to steal hundreds of millions of dollars through tax refunds and then laundered the money through New York banks.
Britain's High Court on Friday rejected an autistic British man's bid to avoid extradition to the United States to face trial for hacking into military computers.
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.
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.
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.
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
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.
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.
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."
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.
Britain's Serious Fraud Office (SFO) froze over $100 million of assets linked to Allen Stanford, the US financier accused of a massive fraud.
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.
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.
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.
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.
Bernard Madoff's victims are warring over funds from the government-chartered agency that insures brokerage customers, The New York Times reports.
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.
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 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.
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.