Judge blocks auction rate arbitration against Citigroup
NEW YORK (Reuters) - For the second time in a week, a federal judge has blocked a securities arbitration against Citigroup Inc , allowing the bank to avoid fighting a...
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Judge gives onetime ‘King of Biotech’ 4 years in prison
NEW YORK (Reuters) - A once prominent biotechnology investor was handed four years in prison on Thursday after pleading guilty to stock manipulation, the second time he has run afoul...
Flagstar to pay $110 million to settle MBIA mortgage lawsuit
NEW YORK (Reuters) - Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans...
Flagstar to pay $110 million to settle MBIA mortgage lawsuit
NEW YORK (Reuters) - Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans...
Judge questions fraud statute’s use against Bank of America
NEW YORK (Reuters) - A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp...
Ex-bin Laden secretary gets life for 1998 embassy bombings role
NEW YORK (Reuters) - A former personal secretary to Osama bin Laden was sentenced to life in prison on Tuesday, for the second time, for participating in a conspiracy to...
Court demands Argentine bondholders address pay plan
NEW YORK (Reuters) - A appeals court on Tuesday gave holders of defaulted Argentina debt three weeks to respond to the country's proposed plan to pay them much less than...
SAC’s Steinberg seeks new judge for insider trading case
NEW YORK (Reuters) - Michael Steinberg, the SAC Capital Advisors fund manager who was indicted last week on insider trading charges, has begun his criminal defense with an unusual goal:...
Argentina challenges U.S. court with bond plan
NEW YORK/BUENOS AIRES (Reuters) - Argentina challenged a U.S. court over the weekend by proposing that "holdout" bond investors be repaid only about one sixth the money federal judges hearing...
BlackBerry wins dismissal of U.S. shareholder lawsuit
NEW YORK (Reuters) - A U.S. shareholder lawsuit accusing smartphone manufacturer BlackBerry of seeking to fraudulently obscure its falling market position was dismissed on Friday. U.S. District Judge Richard Sullivan...