Regulatory News

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U.S. judge orders discovery to begin in some GM ignition switch cases

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- A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.

U.S. court voids RadioShack class-action settlement over card receipts

- A federal appeals court on Friday voided RadioShack Corp's class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the proposed legal fees.

Breakingviews 19 Sep 2014

U.S. brokerages score victory as watchdog guts bonus disclosure plan

- U.S. securities brokerages scored a victory on Friday as their industry-funded watchdog scrapped a plan that would have required job-switching brokers to disclose signing bonuses to clients.

Breakingviews 19 Sep 2014

U.S. judge refuses to block Keurig machines that reject other brands

- A U.S. federal judge on Friday refused to block Keurig Green Mountain Inc from selling a coffee machine with "lockout" technology that prevents it from accepting coffee pods made by other companies.

Breakingviews 19 Sep 2014

Wall Street regulator unveils proposals for dark pools, bond markets

WASHINGTON - Wall Street's self-funded regulator unveiled a list of proposals on Friday to bolster rules governing alternative trading platforms like "dark pools," computerized high-speed trading, and price transparency in the corporate bond market.

Money, Breakingviews 19 Sep 2014

Man who ate napkins to conceal insider trading pleads guilty

- A Brooklyn, New York mortgage broker, who would scribble secret stock tips on napkins and pass them to an accomplice in Grand Central station before eating them, pleaded guilty to insider trading on Friday, federal prosecutors said.

Three peanut company officials guilty in deadly salmonella outbreak

ATLANTA - Three former peanut company officials were found guilty on Friday in connection with a 2009 salmonella outbreak that killed nine people and sickened hundreds, federal prosecutors said.

Breakingviews, U.S. 19 Sep 2014

Telefonica resolves Brazil antitrust issues with GVT deal: sources

BRASILIA - Spain's Telefonica SA has resolved the antitrust concerns it faced in Brazil by getting rid of its Telecom Italia stake in a deal finalized on Friday to acquire local broadband provider GVT, according to two government sources.

Breakingviews, Brazil 19 Sep 2014

U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme

- A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.

Breakingviews, Tech, 19 Sep 2014

U.S. SEC weighs filing civil charges against ITT Education

- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.

Breakingviews 19 Sep 2014

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