The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.
Legal & Regulatory
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.
JPMorgan to settle “whale” probes with USD900 million payment
JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.
Activision stock sale blocked by Judge
The proposed share buyback of Activision Blizzard Inc. of its Vivendi SA's shares was blocked by a judge in Delaware Chancery Court in Wilmington.
Ron Dennis, ex SAC analyst is an uncharged co-conspirator according to prosecutors
The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.
Latest News
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.
Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.
USMD Holdings announced today its acquisition of 17.96% ownership interest in USMD Hospital at Arlington that increased the ownership of the physician-led integrated healthcare system to 45.4%.
The meeting of the Federal Reserve this week comes at a time when the next chairman is still unknown.
