Law Lawsuits

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  • Investing in Lawsuits, for a Share of the Awards Wednesday, 3 Jun 2009 | 10:12 AM ET
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    A small but growing number of investors are using their money back parties in a lawsuit, helping companies avoid some of the risks and costs of litigation in exchange for part of any money paid out when the case is settled or resolved by a court.

  • Stanford Case Examiner Wants Accounts Freeze Lifted Friday, 22 May 2009 | 3:59 PM ET

    An examiner appointed by the court to represent investors is recommending the court lift a freeze on nearly four thousand customer accounts from the Stanford Financial Group.

  • Corporate America's War On The Young Thursday, 21 May 2009 | 11:15 AM ET
    Young Employees

    The war on the young continues, and we keep losing. Not only do young people make less money than our timeworn, seasoned peers, not only is it harder for us to get hired in this atrocious job market, now, to add insult to injury, we're also getting laid-off with more frequency than workers with greater quotas of senescence.

  • Credit Card Bill 'Warning Light' For Creditors: Kanjorski Thursday, 21 May 2009 | 11:02 AM ET

    The credit card reform bill, which passed through Congress Wednesday and is expected to be signed into law by President Barack Obama Friday, will serve as a "warning light" to credit card companies that they can no longer take advantage of consumers, Rep. Paul Kanjorski, D—Pa., said.

  • Supreme Court to Review Sarbanes-Oxley Law Monday, 18 May 2009 | 2:49 PM ET
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    The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.

  • A group of investors who lost millions in the collapse of Stanford Financial Group says it is "shocked" by a request by court-appointed receiver Ralph Janvey for nearly $20 million to cover his expenses.

  • Stocks Snap Losing Streak as Techs Rise Thursday, 14 May 2009 | 4:59 PM ET

    Stocks opened higher after Wal-Mart hit its earnings target but a pair of economic reports that missed expectations curbed gains.

  • Stanford CIO Pleads Not Guilty To Obstruction, Conspiracy Thursday, 14 May 2009 | 11:25 AM ET

    The chief investment officer for Texas billionaire R. Allen Stanford's companies, Laura Pendergest-Holt, pleads not guilty to two conspiracy counts. She remains free on a $300,000 bond issued after she was arrested in February on an obstruction charge

  • Stocks Open Higher as Techs Bounce Back Thursday, 14 May 2009 | 10:30 AM ET

    Stocks opened higher after Wal-Mart hit its earnings target but a pair of economic reports that missed expectations curbed gains.

  • Futures Retreat After Jobless, PPI Reports Thursday, 14 May 2009 | 9:13 AM ET

    Futures pointed lower after a pair of economic reports came in worse than expected. Wal-Mart Stores reported earnings in line with expectations.

  • Former New York Governor Eliot Spitzer hasn’t learned a thing from his recent ordeals and has destroyed as much value as anybody else in America, Kenneth Langone, former director of the New York Stock Exchange, told CNBC Tuesday.

  • Enron's Skilling Files Appeal for 2006 Conviction Monday, 11 May 2009 | 4:12 PM ET
    Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court.  In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."

  • Ex-Bear Stearns Exec Sues for $2 Million Bonus Monday, 11 May 2009 | 3:16 PM ET
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    A former executive of Bear Stearns has sued for a $2 million bonus he says he is owed.

  • SEC "Railroaded" Stanford, Attorneys Say Sunday, 10 May 2009 | 3:18 PM ET

    Attorneys for Texas financier R. Allen Stanford, who is accused by the Securities and Exchange Commission of running a "massive Ponzi scheme," say the agency has "railroaded" their client and now is trying to prevent him from defending himself.

  • Former College QB Has Strong Case Against NCAA & EA Wednesday, 6 May 2009 | 5:00 PM ET
    NCAA Football 10

    Sam Keller might have not been the college quarterback that many thought that he would be, but he soon might make a name for himself as the guy that took down the NCAA.

  • Madoff Secretary: His Silence, Massage Parlors Wednesday, 6 May 2009 | 1:58 PM ET
    Bernie Madoff

    Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.

  • Receiver: Stanford Has Less than $3 Million in Cash Tuesday, 5 May 2009 | 4:16 PM ET

    Texas financier R. Allen Stanford, listed by Forbes last year as the 205th richest person in America with a net worth of $2.2 billion, in fact has less than $3 million in cash. That, according to the court-appointed receiver who is trying to sort out an alleged "massive Ponzi scheme" at Stanford's companies.

  • Allen Stanford Attempts to Surrender in Texas Thursday, 30 Apr 2009 | 10:58 PM ET
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    Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.

  • Suit Against Ex-Countrywide CEO to Be Held in Florida Thursday, 30 Apr 2009 | 5:46 PM ET

    A federal court has ruled that Florida's lawsuit against the former chief executive of Countrywide Financial should be tried in state court.

  • Is Your Broker Taking Advantage of You? Thursday, 30 Apr 2009 | 10:19 AM ET

    Know exactly what your broker can and cannot do with your money before you give them the keys to your portfolio.