HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...» Read More
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.
A jury awarded about $150 million to 91 families Thursday who sued Exxon Mobil over wells contaminated by a gasoline leak north of Baltimore.
Bernard Madoff pled guilty to eleven charges stemming from his alleged $64 billion Ponzi scheme today. His victims were given a chance to speak in court, though some did not in spite of their lingering questions.
Here is the text of Bernard Madoff's prepared plea allocution statement, delivered Thursday in U.S. District Court in New York
A man dubbed "the Swiss gigolo" by the German media was sentenced to six years in prison Monday for defrauding Germany's richest woman of $9 million (euro 7 million) and attempting to blackmail her for tens of millions more.
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.
New York Attorney General Andrew Cuomo has issued subpoenas to seven top executives at Merrill Lynch -- executives who earned more than $200 million last year, according to sources familiar with the investigation.
Accused swindler Bernard Madoff will be attending court hearings set for Wednesday over a potential conflict of interest regarding his attorney Ira Sorkin, CNBC has learned.
Accused fraudster Allen Stanford has been making calls to his Caribbean base of Antigua to try and gain support and allies, CNBC has learned.
Despite the ongoing recession, generic drug makers like Teva Pharmaceutical and Watson Pharmaceutical have been outperforming in the broader market. CEOs William Marth and Paul Bisaro both expect to see further growth.
The judge in the SEC's civil suit against Stanford Financial has recused himself after determining that "a person within the third degree of relationship" to him has "substantial holdings" managed by one of Stanford's companies.
The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the disgraced financier bought securities for his clients.