Corporate Crime

Judge approves Citigroup $590 million settlement

Photo

NEW YORK - A federal judge gave final approval Thursday to a $590 million settlement by Citigroup Inc that resolves a shareholder lawsuit accusing the bank of hiding tens of billions of dollars of toxic mortgage assets.

Icahn sues Dell in latest attempt to foil buyout

- Activist investor Carl Icahn filed a lawsuit on Thursday to try to block Dell Inc from setting a new record date ahead of a crucial shareholders' vote, raising the stakes in a battle to derail a $24.4 billion buyout of the world's No. 3 PC maker.

1:29pm EDT

U.S. court ends Pemex bribery case against Siemens, SK Engineering

- A U.S. federal judge has dismissed a $500 million lawsuit brought by state-owned Mexican oil company Pemex against Siemens AG and a South Korean company that claimed the defendants bribed Pemex officials to secure oil refinery projects in Mexico.

Mexico, South Korea 31 Jul 2013

U.S. court ends Pemex bribery case against Siemens, SK Engineering

- A U.S. federal judge has dismissed a $500 million lawsuit brought by state-owned Mexican oil company Pemex against Siemens AG and a South Korean company that claimed the defendants bribed Pemex officials to secure oil refinery projects in Mexico.

Mexico, South Korea 31 Jul 2013

UPDATE 2-Ex-NCAA athletes score court victory over EA video games

July 31 - A divided U.S. federal appeals court rejected Electronic Arts Inc's effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission.

No proof of bribery in Monte Paschi Antonveneta deal: prosecutor

SIENA - Italian prosecutors investigating Monte dei Paschi's costly acquisition of a smaller rival in 2007 have found no evidence that bribery was involved, they said on Wednesday.

31 Jul 2013

JP Morgan under investigation in Monte Paschi probe: document

SIENA/MILAN - Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees, according to a prosecutors' document.

JP Morgan says acted correctly in Monte Paschi case

MILAN - U.S. investment bank J.P. Morgan , which is being investigated by Italian prosecutors probing Monte dei Paschi's purchase of a smaller rival, said on Wednesday it and its employees acted correctly at all times.

31 Jul 2013

Italian prosecutors investigating JP Morgan in Monte Paschi probe-document

SIENA, Italy, July 31 - Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan in relation to a crime they allege was committed by one of its employees, according to a prosecutors' document.