A California man was removed last year from a Financial Industry Regulatory Authority list of arbitrators because he lied about being a lawyer, FINRA confirmed to Reuters.
Updated: A longtime managing clerk in the New York City office of Simpson Thacher & Bartlett has been accused of using confidential information from the 800-attorney international law firm in…
The U.S. Supreme Court has agreed to decide whether a pension system met the time limit to pursue claims against investment banks that underwrote mortgage-backed securities.
The former chairman of the collapsed law firm of Dewey & LeBoeuf and three others are facing criminal charges in an alleged scheme to “cook the books.”
The U.S. Supreme Court on Wednesday mulled a middle ground as the justices considered the viability of a presumption that helps plaintiffs in securities-fraud class actions.
Federal whistleblower protections that shield employees of public companies from retaliation also protect those who work for the companies’ privately held contractors and subcontractors, the U.S. Supreme Court has ruled.
A federal law designed to curb nuisance suits over federal securities does not bar state-law class actions against two law firms and other defendants accused of aiding convicted Ponzi schemer…
Despite the popular success of Bitcoin, dubious U.S. regulators worried about possible money-laundering have put the brakes on efforts to make the virtual global currency more widely available.
A 39-year-old defendant in a high-profile insider trading case didn’t simply drop out of Harvard Law School to earn a master’s in business administration degree at Stanford University, as has…
IBM is being sued by a group of shareholders for who say it concealed its cooperation in a National Security Agency surveillance program that has cost the company sales and…
As testimony rolls on in the first criminal trial concerning Bernard L. Madoff’s massive $17 billion Ponzi scheme, at least one high-level ex-employee is saying that the fake trades on…
A statement of facts negotiated as part of a record $13 billion settlement announced on Tuesday details how JPMorgan Chase misled investors when packaging mortgage securities.