Ex-financier free on bail in insider trading case
A former hedge fund portfolio manager accused of enabling a quarter of a billion dollars in profits by passing along inside information in one of the largest insider trading fraud cases in history...
View ArticleSandra Day O’Connor steps carefully in N.Y. gun case
Retired Supreme Court Justice Sandra Day O'Connor warned Tuesday against a rush to judgment in a New York gun ownership dispute, citing the recent killings of 20 Connecticut schoolchildren and six...
View ArticleFirst big trial set for refurbished N.Y. courthouse
A historic courthouse got a face-lift just in time for the trial of a police officer accused of plotting to kill and eat women.
View ArticleEx-Goldman trader pleads guilty in N.Y. fraud probe
A former Goldman Sachs trader pleaded guilty to wire fraud on Wednesday, admitting that an $8 billion position on a futures contract that cost the company $118 million was 10 times what he was allowed.
View ArticleN.Y. court upholds ex-billionaire’s conviction
The conviction of a one-time billionaire on insider trading charges was upheld Monday by a federal appeals court that concluded the government did not cheat to obtain permission to make its most...
View ArticleN.Y. judge: Apple conspired to raise e-book prices
Apple Inc. broke antitrust laws and conspired with publishers to raise electronic book prices, a federal judge ruled Wednesday, citing "compelling evidence" from the words of the late Steve Jobs.
View ArticleN.Y. judge blasts refusal to review online TV ruling
A federal appeals judge warned Tuesday that the revenue streams that finance free television were being undermined by court rulings permitting a startup company to offer live television broadcasts over...
View ArticleEx-Goldman Sachs trader testifies at NYC trial
A former Goldman Sachs trader told a New York jury Wednesday in a civil case stemming from the mortgage market meltdown that he wasn’t trying to mislead anyone as he put together a transaction that...
View ArticleNYC lawsuit seeks back pay for MLB volunteers
A lawsuit filed Wednesday on behalf of a volunteer at last month's 2013 All-Star FanFest claims that Major League Baseball violated federal and state minimum wage laws by failing to pay more than 2,000...
View ArticleN.Y. judge orders Apple to modify e-book contracts
Looking to force Apple to obey antitrust laws, a judge on Friday ordered the technology giant to modify contracts with publishers to prevent electronic book price fixing and said she will appoint an...
View ArticleAppeals court in N.Y. sides with Starbucks over tips
Starbucks baristas must share their tips with shift supervisors who do much of the same work, a federal appeals court said Thursday.
View ArticleU.S. to N.Y. court: Reject Apple’s monitor challenge
The Justice Department has asked a federal appeals court to let a monitor continue reviewing Apple's antitrust policies over the company's objections.
View ArticleJPMorgan Chase to pay $614M over mortgage lending
The nation's largest bank, JPMorgan Chase & Co., will pay $614 million and improve mortgage lending practices under a deal announced Tuesday to settle claims it approved thousands of unqualified...
View ArticleCourt limits judge’s say over $285M Citigroup deal
A judge overstepped his authority when he blocked a $285 million settlement between Citigroup Inc. and government regulators over toxic mortgage securities, a federal appeals court panel said Wednesday.
View ArticleJury in N.Y. acquits ex-hedge fund founder’s brother
The brother of an imprisoned ex-billionaire hedge fund founder was acquitted of conspiracy on Tuesday, handing Manhattan prosecutors their first loss after dozens of insider trading convictions in...
View ArticleN.Y. judge sentences ex-trader to 9 years in prison
An Ivy League-educated ex-portfolio manager convicted of enabling his firm to earn more than a quarter-billion dollars through insider trading on a promising Alzheimer's drug trial was sentenced Monday...
View ArticleN.Y. trustee for Madoff investors collects over $10B
The trustee recovering money for thousands of Bernard Madoff’s victims reached a half-billion-dollar settlement with two financial funds that invested with the Ponzi schemer, lifting the total amount...
View ArticleFormer Madoff executive gets 10 years in prison
Bernard Madoff's ex-director of operations for investments was sentenced Monday to 10 years in prison by a judge who cited the fraud's "smoldering ruins" as she kicked off an eight-day stretch during...
View ArticleAppeals court deals blow to U.S. in insider cases
A federal appeals court dealt a blow to the government's success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third – and attempts to...
View ArticleFormer executive gets prison in insider trading case
A former executive at a Manhattan investor firm was sentenced to 2½ years in prison Wednesday by a judge who criticized his explanation that he turned to crime because he thought his bosses cheated him.
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