SAC Capital pleads guilty in criminal court
NEW YORK (Reuters) - Steven A. Cohen's SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2 billion deal to resolve a long-running insider...
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U.S. judge denies class action status in Deutsche Bank lawsuit
NEW YORK (Reuters) - A U.S. judge on Tuesday refused to allow shareholders to proceed as a group in a lawsuit accusing Deutsche Bank AG of misrepresenting the risks of...
Analysis: Bank of America verdict spotlights U.S. focus on civil cases
NEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct...
Bank of America liable for Countrywide mortgage fraud
NEW YORK (Reuters) - Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government...
Bank of America faces at trial ex-executive behind whistleblower case
NEW YORK (Reuters) - A former executive at Bank of America Corp's Countrywide unit testified Thursday that the mortgage company's problematic lending practices predated the "Hustle" process for which the...
Citigroup moves to block new arbitration by Abu Dhabi fund
NEW YORK (Reuters) - Citigroup Inc has gone to court to block a new effort by Abu Dhabi Investment Authority to pursue an arbitration over a $7.5 billion investment the...
Heinz trades targeted by SEC unauthorized -Cayman Islands firm
NEW YORK (Reuters) - A Cayman Islands entity at the center of a U.S. investigation into possible insider trading in ketchup maker H.J. Heinz Co said trades placed in its...
Settlement reached in Reserve Primary Fund lawsuit
NEW YORK (Reuters) - Money market pioneer Bruce Bent and others involved in the management of Reserve Primary Fund have reached a settlement worth at least $54.5 million in a...
Argentina asks U.S. court for rehearing in fight with bondholders
NEW YORK (Reuters) - Argentina urged a U.S. appeals court Friday to reconsider an order last month requiring it to pay $1.33 billion in favor of hedge funds that have...
U.S. judge puts SAC Capital civil lawsuit on hold
NEW YORK/BOSTON (Reuters) - A U.S. judge put on hold a civil forfeiture lawsuit against Steven A. Cohen's SAC Capital Advisors hedge fund on Wednesday while a criminal insider-trading case...