Corporate Crime

Defense in Brazil's Petrobras probe trying to change court

SAO PAULO, Nov 26 - Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years.

Exclusive: U.S. prosecutors to interview London FX traders - sources

LONDON/WASHINGTON - U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters.

Bank executives want City wrongdoers to face jail, says top funds boss

LONDON - Senior banking executives would favour criminal prosecutions and jail time if necessary for employees suspected of serious market misconduct, one of Britain's most influential fund managers told Reuters.

Arizona is first U.S. state to sue GM over delayed recalls

- In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.

20 Nov 2014

UPDATE 4-Arizona is first U.S. state to sue GM over delayed recalls

* Penalties could cost GM billions of dollars (Adds company comments, background on state investigations, share price, details)

Special Report: Plant with troubled past at center of Takata air bag probe

CIUDAD FRONTERA Mexico/DETROIT - The dusty, industrial town of Ciudad Frontera, Mexico, has moved from the far reaches of the global auto supply chain to the front lines of an investigation into why air bags from Takata Corp are blowing up with lethal force in accidents.

Italy court annuls conviction for Swiss billionaire in asbestos scandal

ROME - Italy's top court has overturned an 18-year jail sentence for a Swiss billionaire convicted over his role in the country's biggest asbestos scandal, saying too much time had passed since the alleged wrongdoing.

20 Nov 2014

Arizona sues General Motors, says it hid safety defects

- Arizona State filed a lawsuit against General Motors Co, claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls.

Arizona Attorney General sues General Motors for $3 bln over recalls

Nov 20 - Arizona State said it had filed a lawsuit against General Motors Co claiming the automaker deliberately put the public at risk by intentionally concealing safety defects to avoid the cost of recalls.

U.S., Wells Fargo not as 'optimistic' about lawsuit settlement: lawyer

NEW YORK - Wells Fargo & Co and the U.S. Department of Justice are "no longer as optimistic" about settling a lawsuit accusing the country's largest mortgage lender of fraud, a lawyer for the bank said on Tuesday.