The Justice Department announced criminal charges Wednesday against three former brokers at London-based brokerage firm ICAP PLC, accusing them of scheming with a senior trader at UBS AG to manipulate the London interbank offered rate.
A decade after convicted tax lawyer Raymond "R.J." Ruble was booted from Sidley Austin, his exploits continue to haunt the firm.
Plaintiffs lawyers targeted in a special report over suspected money laundering and other crimes linked to BP's $9.6 billion oil spill settlement have retained white-collar criminal attorneys as they prepare to object to the findings.
In the latest interpretation of Morrison v. National Australia Bank, the Second Circuit said the same logic applies to criminal activity that occurs abroad.
Hedge fund manager Philip Falcone and his firm Harbinger Capital Partners admitted to market manipulation and other misconduct as part of an $18 million settlement with the U.S. Securities and Exchange Commission.
A federal judge in San Francisco turned down the former Korn/Ferry vice president's effort to escape his high-profile convictions under the Computer Fraud and Abuse Act and Economic Espionage Act.
Artworks by Damien Hirst, Roy Lichtenstein, Mark Rothko and Andy Warhol were among 18 pieces transferred to a hedge fund defrauded by Marc Dreier.
A Goldman Sachs & Co. spokesman has told the Litigation Daily that the company won't try to recoup the legal fees that it paid for Fabrice Tourre's defense, despite a jury's finding that the former trader committed fraud.
On Thursday, after a day and a half of jury deliberations in federal court in Manhattan, the SEC finally got the victory it was hoping for in its case against former Goldman Sachs trader Fabrice Tourre.