The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.
Legal & Regulatory
Groupon loses dismissal bid for the class action suit it is facing in court
In a ruling by Judge Norgle, Groupon was ordered to face the class action suit filed against it for securities fraud.
London whale scandal cost JPMorgan USD1 billion in fines
JP Morgan Chase & Co. reached a milestone in cleaning up its legal affairs however it had also left the company a hefty USD1 billion settlement payments.
Tata Group signs MOU with Singapore Airlines
A memorandum of understanding was finalized between Tata Group and Singapore Airlines leading the way to the formation of a new airline to service the Indian market.
Unions working for AMR and US Airways protest against lawsuit
The unions working for AMR Corp, the parent of American Airlines, and US Airways conducted a forwarded their displeasure on the suit filed by the antitrust division of the Justice Department.
Latest News
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
A Reuters report expected the US Federal Reserve tapering to be cautious. According to a Reuters report, expectations were rife that the US Federal Reserve would be cautious about the tapering of its stimulus package.
I&B Ministry of India approved the proposed investment plan of Goldman Sachs Group to DEN Networks valued USD110 million.
The Royal Bank of Scotland Group could face more lawsuits stemming from the share offering it conducted in 2008 that caused investors to lose money.
A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.
The publisher of Penthouse magazine, FriendFinder Networks, filed for Chapter 11 bankruptcy. FriendFinder Networks filed for bankruptcy under Chapter 11.
