Citigroup Agrees to Settlement Worth $730 Million
It was announced on Tuesday that Citigroup Inc will pay $730 million to settle a class action lawsuit filed on…
Legal News
“Ethical Hacker” Sent to Jail for Stealing Personal Data from about 120,000 iPads
He’s the man who stole personal data of people like New York Mayor Michael Bloomberg, ABC News anchor Diane Sawyer,…
Former Federal Prosecutor Found Guilty of Drug Trafficking, Prostitution, and Murder of FBI Informant
On Monday, a federal jury in Newark found Paul Bergrin guilty on all 23 counts at his trial including charges…
SAC Capital Advisors to Pay $615.7 Million in SEC Insider Trading Settlement
The firm for Steven A. Cohen is going to pay $615.7 million to settle charges that the firm improperly traded…
Man Accused of Plotting to Bomb New York Synagogues Gets 10 Years
On Friday, Manhattan Supreme Court Justice Michael Obus sentenced Algerian immigrant Ahmed Ferhani to 10 years in imprisonment for plotting…
Reuters Employee Suspended Over Allegations of Helping Hackers
Matthew Keys, 26, a deputy social media editor for Reuters.com has been indicted on charges of aiding members of the…
Patriot Coal Asks Bankruptcy Court to Terminate Retiree Health Benefits
On Thursday, Patriot Coal Corp filed a lawsuit against Peabody Energy Corp to ensure that Peabody does not use Patriot’s…
DC Appellate Court Revives ACLU Suit for CIA Drone Records
A week full of flak over the secrecy of CIA drone operations was capped by a ruling on Friday by…
McDonald’s Sued After Child Eats Used Condom
A woman has sued McDonald's Corp because she claims her two-year-old son ate a used condom found in the play…
Forever 21 Ordered to Submit Requested Documents
Forever 21 has been ordered by U.S. District Court Judge Margaret Morrow to produce documents that an administrative subpoena requested.…
Court Rules in Favor of SEC withholding FINRA Records from Public
On Thursday, U.S. District Judge Beryl Howell ruled that the SEC had no requirement to publicly release records of their…
PIMCO Sued by Former Executive for Retaliation
Jason Williams, a former junk bond portfolio manager from PIMCO, claims he was fired last year as retaliation for reporting…