NEW YORK - Victims of Bernard Madoff's massive Ponzi scheme will get afresh $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster's firm, bringing the recovery total to more than $7 billion.
DENVER - Colorado's Attorney General John Suthers has sued two more law firms in the state for fraud, accusing them of inflating foreclosure costs charged to homeowners, his office said.
NEW YORK/SANTIAGO - A former board member of Chile's CFR Pharmaceuticals SA was charged Monday by U.S. regulators with insider trading on information regarding Abbott Laboratories’ $2.9 billion acquisition of CFR earlier this year.
WASHINGTON - The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business around the world.
FORT LAUDERDALE, Fla./ZURICH - Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.
NEW YORK/SANTIAGO - A former board member of Chile's CFR Pharmaceuticals SA was charged on Monday by U.S. regulators with insider trading on information regarding Abbott Laboratories’ $2.9 billion acquisition of CFR earlier this year.
- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said.
- A New York antitrust lawyer and her husband were arrested Monday on charges they conspired to defraud two law firms and a client out of $5 million.
- Ocwen Financial Corp agreed to replace its chairman as part of a $150 million settlement with New York's financial regulator after the mortgage collection company admitted to violations, including improper foreclosures.
CHICAGO - CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday.
- Financial: Two more Colorado foreclosure law firms charged with fraud
- Technology: UPDATE 1-U.S. FCC pauses Comcast-Time Warner merger review until Jan. 12
- Healthcare: UPDATE 3-Express Scripts drops Gilead hep C drugs for cheaper AbbVie rival
- Consumer: Deals of the day- Mergers and acquisitions
- Energy: UPDATE 2-Alstom to pay record $772 mln to settle bribery charges with U.S.
- Industrials: NY antitrust lawyer, husband charged with defrauding law firms
- M&A: Encana to sell some natural gas facilities in British Columbia
- Bankruptcy: Madoff victims' payout nearing $7.2 billion - trustee
- IPOs: Russia's Polyus announces intention of secondary listing in Moscow
- Private Capital: UPDATE 2-Goldman sells Metro metals warehouse unit to Reuben Bros
- Hedge Funds: Hedge fund billionaire's wife will not contest divorce ruling