SAC Capital Advisors to Pay $615.7 Million in SEC Insider Trading Settlement
The firm for Steven A. Cohen is going to pay $615.7 million to settle charges that the firm improperly traded…
Legal News
Man Accused of Plotting to Bomb New York Synagogues Gets 10 Years
On Friday, Manhattan Supreme Court Justice Michael Obus sentenced Algerian immigrant Ahmed Ferhani to 10 years in imprisonment for plotting…
Reuters Employee Suspended Over Allegations of Helping Hackers
Matthew Keys, 26, a deputy social media editor for Reuters.com has been indicted on charges of aiding members of the…
Patriot Coal Asks Bankruptcy Court to Terminate Retiree Health Benefits
On Thursday, Patriot Coal Corp filed a lawsuit against Peabody Energy Corp to ensure that Peabody does not use Patriot’s…
DC Appellate Court Revives ACLU Suit for CIA Drone Records
A week full of flak over the secrecy of CIA drone operations was capped by a ruling on Friday by…
McDonald’s Sued After Child Eats Used Condom
A woman has sued McDonald's Corp because she claims her two-year-old son ate a used condom found in the play…
Forever 21 Ordered to Submit Requested Documents
Forever 21 has been ordered by U.S. District Court Judge Margaret Morrow to produce documents that an administrative subpoena requested.…
Court Rules in Favor of SEC withholding FINRA Records from Public
On Thursday, U.S. District Judge Beryl Howell ruled that the SEC had no requirement to publicly release records of their…
PIMCO Sued by Former Executive for Retaliation
Jason Williams, a former junk bond portfolio manager from PIMCO, claims he was fired last year as retaliation for reporting…
TheLadders Sued by Bursor & Fisher
A proposed consumer protection class action lawsuit was filed on Monday in a New York federal court against the premium…
Colorado Passes Stringent Gun Control Bills
On Wednesday, both chambers of the Colorado legislature approved four serious gun-control measures after months of debate. Recently, Colorado had…
Profit for Costco Soars After CEO Backs Increase of Minimum Wage
The CEO of Costco, Craig Jelinek, discussed his agreement with the increase of the minimum wage in the United States…