The US Supreme Court on Monday revitalized some tobacco lawsuits when it declined to permit Philip Morris, the big US cigarette maker, to fight cases involving deceptive marketing of ‘light’ cigarettes in federal court, rather than in...
Tag - Corporate Crime
Re-launching one of the most shocking chapters of post-Soviet era, Russia has sued Bank of New York Co. for $22.5 billion for its role in a money-laundering design that was broken up by US establishment in 1999. The lawsuit, filed in Russia, is the...
The Swiss authorities have launched a criminal investigation into allegations of bribery and corruption surrounding Britain's biggest defense firm, BAE Systems. The federal prosecutor's office has said that an investigation is under way into...
Morgan Stanley, the world's second- largest securities firm, has agreed to pay $8 million to settle US Securities and Exchange Commission allegations that it defrauded retail investors by failing to give them the best prices possible on trades. The...
The Securities and Exchange Commission is contemplating recommending a civil enforcement action against a unit of Britain's Barclays PLC for debt trading that was done while employees served on bankruptcy creditors' committees. The information...
The beleaguered chief of engineering group Siemens, Klaus Kleinfeld, has said that he will stand down later this year. Kleinfeld, who is under pressure because of corruption claims surrounding the firm, said he would not renew his contract with the...
US securities regulators have declared on Tuesday that they would bring no civil charges against Apple over the backdating of executive stock options. However, they stopped short of clearing the cloud that for nearly a year has been hovering over...
The Securities and Exchange Commission is expected to file securities-fraud charges almost immediately against two former Apple executives including general counsel Nancy Heinen in connection with her role in the backdated-options controversy at...
A human-rights group has filed a lawsuit against Yahoo Inc. for purportedly making available information to the Chinese government that led to the persecution, torture and detention of dissidents. The World Organization for Human Rights USA filed...
Software giant Microsoft has agreed to pay $180 million to settle claims by Iowa consumers who contended they were overcharged for company products purchased between 1994 and 2006. The statewide group of consumers had claimed that Microsoft used...
In an interesting development, frustrated Take-Two Interactive shareholders ousted five of six board members up for re-election, including the chief executive, who was booted from the boardroom and the executive suite. Dissident investors voted in...
Dell, one of the world's largest makers of personal computers, has revealed that it found evidences of misconduct and errors in its accounting in the middle of investigations by the U.S. Securities and Exchange Commission into the corporation's...
Texas regulators could fine TXU Corp. $210 million for manipulating the state's electricity market in the summer of 2005, under a staff proposal issued on Wednesday. The fine is subject to approval by the three commissioners of the Public Utility...
The chief executive of French oil and gas group Total Christophe de Margerie was brought under formal investigation for alleged corruption, under a criminal probe into alleged kickbacks paid by Total to win Iranian oil contracts in the 1990s....
Oracle Corp. has recently filed lawsuit against its competitor SAP on the allegations that its German competitor has clandestinely and illegally acquired proprietary materials from the Redwood City giant's customer support Web site. Oracle has...
Instablogs Club
Fresh Comments