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
A year after its controversial takeover of Merrill Lynch, Bank of America is discussing settling a troublesome state inquiry into the star-crossed deal and the billions of dollars in bonuses that Merrill hurriedly paid its employees, the New York Times reported.
A group of investors in Allen Stanford's alleged Ponzi scheme are demanding a powerful Texas congressman give them the same kind of support he showed Stanford when regulators shut down the alleged scam in February.
A federal judge has denied an emergency request by attorneys for indicted billionaire Allen Stanford to free their client on bail.
Attorneys for accused Ponzi schemer Allen Stanford—who has been in custody without bail since his indictment in June—say their client is in danger of a "complete nervous breakdown," so they are again asking a federal judge to let him go free on bail.
A federal judge has found accused Ponzi schemer Allen Stanford and three co-defendants in contempt of court in a dispute over their legal fees.
The Supreme Court says it will decide how much privacy workers have when they send text messages from company accounts.
The Securities and Exchange Commission will continue to "vigorously pursue" its charges against Bank of America over disclosure of bonuses to employees of Merrill Lynch, a top agency official said Friday.
The leaders of scores of charities around the country, and the world, found themselves living a similar nightmare in the days after Madoff's Dec. 11, 2008, arrest on charges he orchestrated the multibillion-dollar fraud, which affected thousands of investors.
There is a question that has crossed the mind recently of anyone who has sent a cellphone text message while cheating on a spouse: What was I thinking? Text messages are the new lipstick on the collar, the mislaid credit card bill, says the New York Times.
A lawyer for former media baron Conrad Black urged the Supreme Court Tuesday to overturn his fraud conviction, and several justices asked whether the federal law at issue was too vague.
More than 200 investors in Texas billionaire Allen Stanford's alleged Ponzi scheme face a new lawsuit from the court-appointed receiver who is gathering assets from the Stanford empire.
Former eBay CEO Meg Whitman said Monday she was unaware of any attempt by the Internet marketplace to misuse confidential data from Craigslist to help eBay develop a competing online classifieds business.
Officials have seized thousands of counterfeit toys worth $1.6 million along southern California border points.
A group of senators wants the United States to oppose any new international loans to Antigua until the island nation compensates victims of the fraud allegedly run by R. Allen Stanford, whose bank was located there.
Bernard Madoff's bankruptcy trustee and the law firm employing him submitted a $22.1 million legal bill covering five months of work. Baker & Hostetler LLP is seeking $21.28 million of fees as counsel to court-appointed trustee Irving Picard for the five months ended Sept.
Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems.
Government regulators will break up institutions whose failure would bring down the entire financial system, under an amendment Rep. Paul Kanjorski will introduce today.
Convicted Ponzi schemer Bernard Madoff loved the high seas. All his boats were sold at auction by National Liquidators on behalf of the U.S. Marshal's Service. Click to see the images.
Pfizer said it would pull 1,400 jobs out of New London within two years and move most of them a few miles away to a campus it owns in Groton, Conn., as a cost-cutting measure. It would leave behind the city’s biggest office complex and an adjacent swath of barren land that was cleared of dozens of homes to make room for a hotel, stores and condominiums that were never built.
Khalid Shaikh Mohammed, the self-described mastermind of the Sept. 11 attacks, and four other men accused in the plot will be prosecuted in federal court in New York City, a federal law enforcement official said early on Friday.