NEW YORK, Feb 10- Knoedler& Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial. The deal, confirmed on Wednesday by lawyers in the case, resolved the remaining claims in a closely watched trial in Manhattan...» Read More
With the global financial crisis bearing down on him in late-January, 2009, financier Allen Stanford traveled to Libya in search of a lifeline—money from the Gaddafi regime, whose sovereign wealth funds had been investing with Stanford for some time.
The Fast Money traders with the tech plays to make, and weigh in on Rambus losing its case against Hynix & Micron. Also Julia Boorstin has the update on Google's new music store, and Rick Summer, Morningstar discusses whether Google can compete with Apple's iTunes.
NBC's Pete Williams, reports the Supreme Court will hear challenges to President Obama's health care law, and debating whether this signals the end for Obamacare, with Betsy McCaughey, former Lieutenant Governor of NY, and Igor Volsky, Center for American Progress.
Penn State trustees fired legendary football coach Joe Paterno and university president Graham Spanier amid the growing furor over how the school handled sex abuse allegations against an assistant coach.
Yale professor David Gelernter survived an attack by the Unabomber. Now, he's up against a bigger force: He's suing Apple. After seeing an email from Steve Jobs in the case, one patent law expert said simply, "Wow."
Australia goes downbeat, and Greek no-confidence vote gives none - it's time for your FX Fix.
CNBC's Kayla Tausche reports the latest details on MF Global's meltdown, and a look at the legal fallout MFand its CEO, Jon Corzine may be facing, with Jake Zamansky, Zamansky & Associates.
Bernie Madoff's wife, Ruth,speaks publicly for the first time in almost three years since her husband confessed to running the largest Ponzi scheme ever. Insight with Diana Henriques, The New York Times senior financial writer.
The story of billionaire hedge fund mogul Raj Rajaratnam, which shocked the investment community and led to the indictment this week of former Goldman Sachs board member Rajat Gupta, is headed to the big screen.
CNBC's Herb Greenberg has the story on the SEC's investigation into Avon.
Consumers in the United States and Canada have sued Research in Motion for a days-long service outage on BlackBerry devices that rippled across the world earlier this month.
A former Goldman Sachs board member on Wednesday surrendered to federal authorities to face criminal charges stemming from a massive hedge fund insider trading case.
CNBC's Eamon Javers has the details on two Treasury officials questioned in a hearing led by House Republicans.
CNBC's Scott Cohn and Bertha Coombs have the details on Raj Rajaratnam's longest ever sentence for inside trading.
CNBC's Scott Cohn has the details on the sentencing for Raj Rajaratnam happening today. The government sentencing memo says Rajaratnam is the modern face for illegal insider trading.
Another week, another pension fund filing a lawsuit over execution of currency trades. Here's what it means for you.
My daughter is graduating college this year. She's decided she wants to apply to law school. At first I thought, "Do we really need another lawyer in the world?" It's so easy to disparage attorneys...until you need one.
When Procter & Gamble challenged Christy Prunier's name Willa for a line of skin care products for preteenagers, Prunier chose to fight. The case goes to court next month, the New York Times reports.
Bank of America’s potential liability for bad mortgages — in the tens of billions of dollars — is well known. But Bank of America is haunted by other demons from the financial crisis, the most significant one being a lawsuit arising from its troubled Merrill Lynch acquisition, the New York Times reports.
The sentencing of former hedge-fund mogul Raj Rajaratnam has been delayed two weeks to October 13.