The Ontario Securities Commission charged Sino-Forest and some of the Chinese forestry company's former executives with fraud on Tuesday, nearly a year after the allegations surfaced and its stock imploded.
A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay. The NYT reports.
A man who set up accounts for funds from a “boiler room” share scam has been jailed for four-and-a-half years after being convicted of three counts of money laundering, the Financial Times reports.
A slew of lawsuits by investors and customers of MF Global Holdings Ltd who sued over the futures brokerage's collapse have been consolidated into one case in Manhattan federal court, a court document showed.
U.S. securities regulators on Wednesday finalized long-awaited rules that will dictate which companies dealing in derivatives will be subject to costly capital, margin and business conduct requirements.
After being rejected by the high court, Jeffery Skilling and his attorney will go back to the original court where he was convicted to file a defense motion for a new trial based on new evidence.
Apple rejected on Friday the U.S. Justice Department's allegations that it colluded with publishers over electronic book pricing, saying the charges were "simply not true".
Wednesday, 11 Apr 2012 | Source: The Associated Press
The U.S. government has filed an antitrust lawsuit against Apple and various electronic book publishers, claiming they conspired to raise prices and limit competition.