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Corporate Crime

US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

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A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank.

Steven Cohen loses bid to seal lawsuit alleging sexism at Point72

NEW YORK A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism toward women.

Feb 20 2018

Lesser-known N. Korea cyber-spy group goes international-report

FRANKFURT, Feb 20 A North Korean cyber espionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said on Tuesday.

Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter

Feb 19 2018

ADM, Syngenta settle lawsuit over biotech corn exports to China

CHICAGO U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.

Feb 16 2018

Trader sues Fidelity over website glitch during market rout

BOSTON A New Jersey trader filed a lawsuit against Fidelity Investments, accusing it of "gross negligence" because he could not make trades on the company's website earlier this month during a volatile time on the stock market.

Feb 16 2018

Intel hit with 32 lawsuits over security flaws

Intel Corp said on Friday shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips.

Feb 16 2018

China's ZTE says is trusted partner after U.S. concern

BEIJING Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported.

Feb 15 2018

IBM lawsuit casts diversity in starkly competitive terms

International Business Machines Corp's insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce are trade secrets bucks a trend towards transparency and highlights how companies can see the issue in competitive terms, business and legal experts said.

Feb 15 2018

Whistleblower alleges manipulation of Cboe volatility index

NEW YORK Wall Street's most widely followed gauge of future stock market volatility is being manipulated, a law firm representing an "anonymous whistleblower" alleged in a letter to U.S. regulators seen by Reuters on Tuesday.

Feb 13 2018