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Stock Option Backdate Probe Hits N.J. Firms
An SEC investigation into stock options sweeps up four New Jersey companies and spurs a shareholder's derivative suit.DeKalb Prosecutor Strikes Out On His Own
DeKalb prosecutor Tunde Akinyele has left the DeKalb County district attorney's office for private practice.Hedge funds are typically about as transparent as New York's East River. What happens in Greenwich, stays in Greenwich. Unless there's a lawsuit, of course. Like the one brought against Greenwich-based Viking Global Investors and two of its founders, Andreas Halvorsen and David Ott, by the third founder, Brian Olson. Last week Delaware vice-chancellor Stephen Lamb entered judgment for the defendants, leaving Olson with nothing.
NY atty gen to probe AIG bonuses for fraud
ALBANY, N.Y. AP - New York state's attorney general is demanding that American International Group have details on his desk this afternoon about who is getting its multimillion-dollar bonuses.Attorney General Andrew Cuomo says his office will investigate whether recipients of the payments were involved in the insurance giant's decline and whether the payments are fraudulent under state law.View more book results for the query "*"
Top Court to Hear Appeal of Bloomberg Consultant
Without explanation, Chief Judge Jonathan Lippman granted leave July 16 to John Haggerty Jr. in his bid to topple a 2011 conviction on grand larceny and money laundering charges.Justices to Mull Whether Private Companies' Records Can Be Public
The state Supreme Court is set to consider whether private companies doing public good must make their records available under the state's Right-to-Know law.Greater Globalization Brings More Enforcement of FCPA
When operating in foreign countries, should corporate America do like the locals? Perhaps. If doing like the locals means following local customs to compete effectively, then corporate America should do so with gusto.Supremes Decline to Hear Cases Involving Moussaoui, Shareholder Suits
The Supreme Court let stand Monday a lower court ruling that let the government pursue the death penalty against terrorism suspect Zacarias Moussaoui while restricting his access to al-Qaida captives as witnesses. Also Monday, the Court declined to clarify how much federal law shields companies from shareholder suits involving financial statements. At issue was a "safe harbor" provision that gives companies a defense from liability for revenue predictions if they disclose risks to investors.Trending Stories
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