Law Lawsuits


  • 'Greece Has to Deliver': France's Lagarde Monday, 23 May 2011 | 11:49 AM ET
    French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    Greece must avoid debt restructuring and implement the austerity measures it has promised to introduce in order to shrink its budget deficit, French Finance Minister Christine Lagarde told CNBC on Monday.

  • Dominique Strauss-Kahn in court.

    The IMF said Friday it had put out incorrect information a day earlier about the pension benefits it will pay former managing director Dominique Strauss Kahn.

  • IMF Clarifies Amount of Strauss-Kahn's Pension Friday, 20 May 2011 | 2:00 PM ET
    Dominique Strauss-Kahn in court.

    No matter how his legal case turns out, CNBC has learned that Dominique Strauss-Kahn will collect at least a quarter million dollars a year from the IMF in pension payouts for the rest of his life.

  • Ex-Diamondback Portfolio Manager Pleaded Guilty Wednesday, 18 May 2011 | 5:29 PM ET

    Former Diamondback Capital Management portfolio manager Anthony Scolaro's securities fraud case was unsealed Tuesday by the Department of Justice, revealing that he pleaded guilty in December.

  • Former Enron CFO One Step Closer to Freedom Wednesday, 18 May 2011 | 8:19 AM ET

    Former Enron Chief Financial Officer Andy Fastow has been transferred to a Houston halfway house as he prepares to be released from prison later this year.

  • Who Will Take Over From Strauss-Kahn? Wednesday, 18 May 2011 | 3:27 AM ET
    Dominique Strauss-Kahn in court.

    Unless the charges against Dominique Strauss-Kahn are dropped or proven untrue soon, the IMF may have no choice but to act to find a successor. And then the merry go round begins, writes CNBC anchor Ross Westgate.

  • Madoff Prosecutors Want Delay in Aide's Sentencing Tuesday, 17 May 2011 | 4:00 PM ET
    Frank DiPascali

    Madoff prosecutors have filed a letter with the judge overseeing the case requesting Frank Dipascali's sentencing be delayed again due to his "active and ongoing cooperation" in the overall criminal investigation.

  • RAB Set to Delist as Assets Evaporate Thursday, 12 May 2011 | 12:07 AM ET
    Trader at London Stock Exchange, England.

    RAB the hedge fund that was the toast of London’s financial community in the boom, is poised to delist from the UK’s junior market amid a crippling wave of redemption requests from investors, reported the FT.

  • Raj Convicted on All Counts Wednesday, 11 May 2011 | 7:30 PM ET
    Raj Convicted on All Counts

    Hedge fund billionaire Raj Rajaratnam was convicted on all counts of insider trading today, with CNBC's Bertha Coombs; Tom Curran, Peckar & Abramson; and Joseph DiGenova, diGenova & Toensing.

  • Raj Rajaratnam, confronted by media as he leaves the Daniel Patrick Moynihan United States Court House at 500 Pearl Street after being found guilty of 14 charges against him on May 11, 2011 in New York City. After eleven days of deliberation a jury convicted Rajaratnam with all 14 counts of securities fraud and conspiracy.

    The landmark guilty verdict against Raj Rajaratnam on 14 counts of insider trading sent a chill down Wall Street, causing hedge funds to rethink their use of so-called expert analyst networks and also ponder the impact of the historic decision on the implementation of the Dodd-Frank regulatory bill.

  • Cramer: Rajaratnam Case Helped Diminish Insider Trading Wednesday, 11 May 2011 | 3:44 PM ET

    The "Mad Money" host explains how the Raj Rajaratnam case helped put an end to most insider trading on Wall Street.

  • Word On the Street Now Wednesday, 11 May 2011 | 12:30 PM ET
    Word On the Street Now

    Reaction to the guilty verdict at the Rajaratnam trial and today's market movers, with CNBC's Sharon Epperson and the Fast Money Traders.

  • Hedge Fund Titan & the SALT Conference Wednesday, 11 May 2011 | 12:21 PM ET
    Hedge Fund Titan & the SALT Conference

    Discussing the impact of the Rajaratnam guilty verdict on the hedge fund community and future investment strategies, with hedge fund investor, Jamie Dinan, York Capital chairman/CEO.

  • Raj Guilty Verdict Reax from SALT Conference Wednesday, 11 May 2011 | 12:12 PM ET
    Raj Guilty Verdict Reax from SALT Conference

    Insight on today's guilty verdict at the Raj Rajaratnam trial and its impact on the hedge fund industry, with Jonathan Urfrig, U Capital Group managing partner. Also, CNBC's Kate Kelly with an update on AIG's smaller than expected Re-IPO.

  • Stanford Ponzi Scheme Trial Set for September 12 Tuesday, 10 May 2011 | 7:19 PM ET
    Allen Stanford

    The long awaited trial of accused Ponzi schemer Allen Stanford has been set for September 12, according to a new scheduling order issued Tuesday by U.S. District Judge David Hittner in Houston.

  • Lenny Dykstra Indicted for Bankruptcy Fraud Friday, 6 May 2011 | 6:46 PM ET
    Lenny Dykstra

    Lenny Dykstra, an outfielder for the New York Mets and Philadelphia Phillies known by the nickname "Nails," has been indicted for bankruptcy fraud and embezzlement from the bankruptcy estate.

  • New Allen Stanford Indictment Unlikely to End Delays Thursday, 5 May 2011 | 1:28 PM ET
    Allen Stanford on a hospital trolly after being assaulted by jail prisoners.

    A federal grand jury in Houston has returned a new, 14-count indictment against alleged fraudster Allen Stanford, who was already accused in 2009 of running a $7 billion Ponzi scheme. But the new charges are unlikely to move the case closer to a trial.

  • Stanford: What's the Hold Up? Thursday, 5 May 2011 | 10:16 AM ET
    Stanford: What's the Hold Up?

    CNBC's Scott Cohn reveals a new twist in the case against alleged ponzi schemer Allen Stanford.

  • Deutsche Bank Embarassed in Mortgage Lawsuit: Analysts Wednesday, 4 May 2011 | 10:25 AM ET

    The lawsuit that the United States has brought against Deutsche Bank, which accuses the German bank and its MortgageIT unit of misleading the US government over the quality of housing loans which received state guarantees, will dent the bank's reputation but is unlikely to deal it a significant blow, analysts told CNBC.

  • Inside Dish on TiVo Monday, 2 May 2011 | 12:54 PM ET
    Inside Dish on TiVo

    Discussing TiVo's recent $500 million settlement against DISH Network and Echo Star, and the company's future growth prospects, with Tom Rogers, TiVo CEO.