United States

Corporate Crime

Delaware Court revives case over Pincus's Zynga stock sale


WILMINGTON, Del. The Delaware Supreme Court revived a lawsuit against Zynga Inc's controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and dump stock before it crashed in 2012.

UPDATE 2-Brazil builder admits to World Cup stadium cartel in deal with regulator

SAO PAULO, Dec 5 Andrade Gutierrez Engenharia SA , Brazil's second-largest construction firm, has admitted to being part of a cartel for building World Cup soccer stadiums under a leniency agreement with antitrust regulator Cade, the agency said on Monday.

U.S. makes new arrest in fraud probe of bankrupt video tech firm

NEW YORK, Dec 5 U.S. prosecutors on Monday announced the arrest of a New Jersey man accused of engaging in a multimillion-dollar fraud scheme involving bankrupt video technology firm Kit Digital, in the latest case to spill out of the startup's failure.

UPDATE 1-Prosecutors seek to close Prada CEO tax case - sources

MILAN, Dec 5 Prosecutors in Milan have asked a judge to drop a tax investigation involving Italian fashion house Prada's chief executive Miuccia Prada and her husband and co-CEO Patrizio Bertelli, sources told Reuters on Monday.

Wal-Mart to settle U.S. lawsuit over benefits for same-sex spouses

Wal-Mart Stores Inc on Friday said it would pay $7.5 million to settle a U.S. lawsuit claiming it discriminated against gay employees nationwide by denying health benefits to their spouses.

Dec 02 2016

Cohen's SAC Capital in $135 million settlement with Elan investors

NEW YORK Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio managers.

Nov 30 2016

Exclusive: Arrested Russian minister wanted state to cede control over Rosneft - sources

MOSCOW Russia's former Economy Minister Alexei Ulyukayev privately argued to colleagues in government that the state should give up control over oil giant Rosneft, before he was arrested two weeks ago in a sting inside the company's offices, according to two sources.

World, Russia, Deals Nov 29 2016

Citigroup 'boys' club' disfavors women, lawsuit claims

NEW YORK A former Citigroup Inc financial adviser on Monday filed a lawsuit accusing the bank of running a "boys' club" that favored men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.

Nov 28 2016

Unions, gig-economy firms gear up for New York benefits battle

Faced with a barrage of lawsuits from workers demanding benefits and recognition as employees, some companies in the fast-growing 'gig economy' are looking to settle the issues through legislation. | Video

Nov 28 2016

Monte dei Paschi faces potential legal claims for $8.5 billion: document

MILAN Ailing Italian bank Monte dei Paschi di Siena said on Monday it is facing potential legal claims for a total of more than 8 billion euros ($8.5 billion) in a series of civil lawsuits.

Nov 28 2016