SAC Capital Advisors’ landmark settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund’s role as a money manager and capping a decade of insider trading cases.
Read More »House committee votes to hold IRS’s Lois Lerner in contempt
A U.S. House committee voted to hold former Internal Revenue Service official Lois Lerner in contempt of Congress for refusing to testify about her role in scrutinizing Tea Party groups seeking tax exemptions.
Tagged with: contempt Internal Revenue Service
Read More »Commentary: Real property crimes target distressed homes, homeowners
The dream of homeownership, combined with the current economic climate, increases the susceptibility of some homeowners to real estate fraud schemes.
Read More »Medicare millionaires emerge in data on physician payments
Medicare paid almost 4,000 doctors and medical providers more than $1 million apiece in 2012, including seven who received more than $10 million.
Tagged with: Medicare
Read More »The new rules of law firm marketing: There are no rules
Not all marketing is created equal. Tactics that get results for one industry can crash and burn in another. Case in point: law firms.
Tagged with: marketing
Read More »Long-term jobless benefits stalled even with U.S. Senate passage
U.S. House Republicans are showing no sign that they’ll move forward legislation the Senate passed restoring benefits for the long-term unemployed.
Read More »Fannie’s new plan threatened by rift on credit for disadvantaged
Efforts to overhaul the U.S. housing-finance system could hinge on how far Congress is willing to go to ensure that young, low-income and minority homebuyers can get mortgages.
Tagged with: Fannie Mae Freddie Mac
Read More »Missouri firms file class action suit against GM
Two Missouri firms have filed a consumer class action fraud suit against General Motors in relation to the recent recalls of GM vehicles with unsafe ignition switches.
Tagged with: class action General Motors
Read More »Online sales tax bill work accelerating in House
House Republicans are working to advance legislation that would let states impose sales taxes on purchases from out-of-state sellers, an issue that splits the party, said Rep. Jason Chaffetz, a Utah Republican who is spearheading efforts to move the bill.
Read More »SAC Capital judge urged by U.S. to accept $900M penalty
SAC Capital Advisors’ plea agreement to pay a $900 million penalty should be accepted, U.S. prosecutors told a judge as they seek the biggest criminal fine ever imposed for insider trading following a six-year probe of the firm.
Read More »Holder vows high-speed trading probe
U.S. Attorney General Eric Holder promised Congress a thorough investigation into whether high-frequency trading violates laws against insider trading.
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