A shareholder suit over $2.5 million in bonuses paid to executives of a pharmaceutical company is the latest battleground in an ongoing fight over a new corporate “loser-pays” bylaw that…
A corporate lawyer in Nevada is among seven defendants federally indicted Thursday in Brooklyn, New York, in a claimed “pump-and-dump” scheme involving microcap stock.
Hedge fund co-founder Raj Rajaratnam made headlines several years ago after being convicted in a high-profile insider-trading trial, sentenced to a then-record 11-year prison…
Following an emergency hearing Wednesday, a federal judge in Chicago OK’d a temporary restraining order sought by federal regulators to prevent a suburban town from proceeding with a planned bond…
A former accountant for Bernard Madoff has taken a plea concerning his role in the massive hedge-fund-investment-scheme swindle for which Madoff himself is now serving a 150-year federal prison sentence.
The U.S. Supreme Court on Monday made it easier for companies to fight certification of securities-fraud class actions that allege corporate misstatements caused a loss in stock prices.
The U.S. Securities and Exchange Commission asked a federal court on Friday to compel compliance with subpoenas issued to a congressional committee and one of its staffers.
Bank of America is in talks that could lead to at least $12 billion in payments to settle civil investigations by the U.S. Justice Department and some states into its…
The Delaware Supreme Court has upheld a fee-shifting provision in a corporate bylaw that might be adopted by other corporations to make shareholder suits more risky.
Ater Wynne wasn’t aware that a client was helping to run a million-million-dollar scam under the guise of a hedge fund, the lawyer for plaintiffs in a securities class action…
A longtime trial lawyer for the Securities and Exchange Commission had some harsh words for the agency and the people who work there in his retirement speech last month.
A federal judge in Manhattan has released a draft decision that recommends dismissal of a shareholder suit against Lululemon for allegedly making false statements about the quality of its yoga…
After the conviction Monday of five employees who helped Bernard L. Madoff perpetrate a massive Ponzi scheme under the guise of a hedge fund, only one defendant still remains to…