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Ex-McKesson Chair Asks High Court To Toss Guilty Verdict
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January 27, 2012 @ 1:58 pm |
Convicted securities fraudster Charles McCall, the former chairman of health care company McKesson Corp., this month asked the U.S. Supreme Court to overturn his 2009 jury verdict, claiming a lower court judge improperly instructed the jury to consider whether McCall "recklessly disregarded" warnings about accounting improprieties at the company....
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White House Rolls Out New RMBS Crackdown Effort
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January 27, 2012 @ 1:27 pm |
Just days after President Barack Obama promised a crackdown on reckless mortgage lending in his State of the Union address, the administration kicked off its new investigation effort Friday with 11 subpoenas to financial institutions and the creation of a new mortgage-backed securities working group....
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Gupta Defense To Hinge On Alleged Falling-Out With Raj
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January 27, 2012 @ 12:17 pm |
Former Goldman Sachs Group Inc. director Rajat Gupta will fight charges that he fed confidential information to now-convicted insider trader Raj Rajaratnam by showing the two had a falling-out that made any tipping unlikely, Gupta's attorney said Friday....
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Akin Gump Hit With 2nd $120M Defamation Suit
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January 27, 2012 @ 12:01 pm |
A California business consultant on Wednesday filed a $120 million defamation suit against Akin Gump Strauss Hauer & Feld LLP and one of its securities partners, the second such suit filed against the firm in Los Angeles this week....
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SEC Seeks To Bar Steel Co. Insider Trading Defenses
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January 27, 2012 @ 11:39 am |
The U.S. Securities and Exchange Commission on Friday asked a Kentucky federal judge to prevent several defenses from being offered in a suit against Steel Technologies Inc. insiders who allegedly shared and acted on tips about the company's acquisition by Mitsui & Co. Ltd....
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Auditor Settles Claims Over $7M Charter School Bond
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January 27, 2012 @ 10:56 am |
Darnell & Meyering PC, an auditor involved in a troubled $7 million bond issue for a Michigan charter school, on Friday settled Michigan federal court claims by a group of investment funds that the auditor had signed off on false financial statements related to the issue....
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2nd Atty In $300M Gold Ponzi Scheme Settles With SEC
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January 27, 2012 @ 10:38 am |
The U.S. Securities and Exchange Commission on Friday settled claims in Washington state against an attorney involved in a gold investment firm's $300 million Ponzi scheme, the firm's second lawyer to strike a deal with the regulator in a week....
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