Nasdaq asked a judge to dismiss lawsuits filed by investors and argued that it is a self regulatory organization and could not be sued for actions taken as a part of its regulatory responsibilities.
Legal & Regulatory
JP Morgan Settlement With MF Global Trustee Resolved
JP Morgan's US$546 million settlement with MF Global Trustee finally resolved (Photo : Reuters)JP Morgan $546 million settlement with MF Global relsolved US Bankruptcy Judge Martin Glenn and US District Judge Victor Marrero finally approved the settlement deal for JP Morgan Chase & Co.
Owning Bitcoin Illegal?
Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.
Hannam cleared by JP Morgan
JP Morgan Chase cleared Hannam of market abuse charges today. (Photo : Reuters)This is the logo of JP Morgan Chase. Ian Hannam said today that JP Morgan Chase & Company cleared him of any charges previously attributed to him.
Unipol withdraws appeal against US$2 billion portfolio sale ruling
Unipol dropped its own appeal against Italy's anti-trust regulator decision. The ruling required Unipol to sell US$2.2 billion worth of assets.
Latest News
HSBC Holdings Plc settled with the federal and state investigators's charges against it for US$1.92 billion.
Barclays may need to cut down on lending to comply with the Bank of England's leverage ratio requirements.
Crane Co, a diversified maker of engineered industrial products said today that the European Commission has extended its initial review period for the acquisition of MEI Conlux.
Mark Murrel and two others charged with insider trading for Dow Chemical Co's acquisition of Rohm & Haas Co in 2008.
Sprint Nextel face lawsuit for tax fraud in the state of New York (Photo : Reuters)The image is the facade of a Sprint store. Sprint Nextel is currently facing a lawsuit in the State of New York for charges that the telecoms company did not collect or pay millions of dollars worth of taxes for its cellular phone service.
Private equity insurance deals stalled by authorities' probe. The sale of private equity insurance encountered a road block as regulators decided to review these transactions.
Sinovel was charged with stealing AMSC's trade secrets and using the same illegally. (Photo : Reuters)Sinovel imported its wind turbines to the US.
China started its investigation on the "dumping" of EU wine in the country. (Photo : Reuters)Chinese authorities started probe on EU wine imports today.
Citi Group would pay Fannie Mae US$968 million for potential mortgage repurchase claims incurred between 2000-2002.
