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  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    Former IMF chief Dominique Strauss-Kahn sexually assaulted a housekeeper in a "violent and sadistic attack" in his hotel suite in Manhattan in May, a civil lawsuit filed on Monday alleges.

  • AIG_logo_metal.jpg

    The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis, the New York Times reports.

  • Father and son Clayton and Drew Peterson have pled guilty to a two count criminal indictment of securities fraud and conspiracy to commit securities fraud, CNBC has learned.

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    The ex-boyfriend of model Jerry Hall, Tim Attias, is being sued by the Rubicon Fund Management—the hedge fund he used to manage a portfolio at —after leaving to start a new firm, Reuters reported Thursday.

  • When people hear the term "terrible sports contract," two assumptions are often made. First, the agreement in question must have been orchestrated by a greedy team owner, with terms deliberately designed to bilk the athlete. And second, the athlete must have been a young rube who signed the contract without consulting a lawyer first. While these scenarios have surely played out many times in the past, they're not the only ones possible.Sometimes, a terrible contract is actually terrible for the

    What are some of the sports contracts that had terrible consequences for the teams that wrote them? Click and find out.

  • Jeffrey Gundlach

    DoubleLine Capital CEO Jeffrey Gundlach has made a lot of money calculating where the bond market will go. But his former employer goes to court today to try to prove Gundlach miscalculated when he prepared to start DoubleLine while still employed at TCW.

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    Breaking her silence and shedding her anonymity, the hotel maid who says she was sexually assaulted by former IMF chief Dominique Strauss-Kahn says she wants him to go to jail.

  • Allen Stanford

    Investor complaints about the long delays and puny payouts from the receiver in charge of rounding up assets from Allen Stanford's alleged $7 billion ponzi scheme have prompted an SEC investigation of the receiver.

  • Baseball pitching star Roger Clemens arrives at the U.S. District Court, on August 30, 2010 in Washington, DC.

    The judge declared a mistrial in baseball star Roger Clemens' perjury trial over inadmissible evidence shown to jurors.

  • New US Law-Enforcement Tool: Facebook Searches

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    A settlement over foreclosure practices between the nation's five largest mortgage servicers and the states attorneys general will not be reached by next Tuesday.

  • Dominique Strauss-Kahn with his wife Anne Sinclair at New York State Supreme court.

    The official biographer of Dominique Strauss-Kahn believes he is a "French lover" rather than a rapist.

  • Casey Anthony

    Casey Anthony was found not guilty Tuesday of killing her 2-year-old daughter three years ago in a case that captivated the nation as it played out on national television from the moment the toddler was reported missing. .

  • Roger Clemens being sworn in before testifying before US House Oversight and Government Reform Committee hearing on Capitol Hill on February 13, 2008.

    Roger Clemens' tenacious pursuit of victory on the pitcher's mound re-emerges this week as he goes on trial on charges he lied when he denied using drugs and confronts his chief accuser, the former friend who says he injected Clemens with steroids and human growth hormone.

  • Straus-Kahn Timeline

    A look at the events that led up to the arrest of the former IMF chief, with NBC's Jonathan Dienst.

  • Did Paulson Dump BofA?

    CNBC's Kate Kelly reports on the big bank's top holders and why one of them may have sold down his stake; also, an update on Zynga's bid to become public, with Leon Cooperman, Omega Advisors chairman/CEO.

  • Bank of America branch, New York City.

    Bank of America has reached a final settlement in which it will pay $8.5 billion in cash to a group of 530 private trusts who say the bank violated its obligations regarding mortgages issued from Countrywide Financial.

  • Bank of America branch, New York City.

    Bank of America is apparently on the verge of an $8.5 billion settlement with mortgage investors over complaints that it violated its servicing agreements during the housing boom.

  • Gavel

    Has the U.S. Supreme Court pivoted toward deciding cases favorably for business interests?

  • Newly unsealed court documents obtained by CNBC allege the Libyan government knew Allen Stanford was running a scam when officials withdrew tens of millions of dollars in Stanford investments in 2008 and early 2009.