A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.
U.S. regulators are putting together a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software, sources knowledgeable about the deal said on Thursday.
SAP said software sales jumped by about a third in the fourth quarter, boosting operating margins and sending its share higher, despite continued uncertainty over U.S. litigation.
Indian budget carrier IndiGo is considering all options including an initial public offering to finance a $15.6 billion plane order with Airbus, but has made no decision yet, the firm's president said on Wednesday.
Goldman Sachs Group Inc , responding to pressure from shareholders, regulators and others, said it will disclose more information about how it makes money.
U.S. Rep. Gabrielle Giffords (D-AZ), who sustained a gunshot to the head during a Congress on Your Corner event in Tucson that killed six people, including federal judge John Roll, and injured 14 others, on Saturday, is still in critical condition but is expected to recover.
The U.S. Consumer Product Safety Commission (CPSC) is setting up its first overseas office for consumer product safety after failing to persuade makers of defective Chinese drywall to compensate affected U.S. homeowners.
A family photo snapped by a Filipino councilman moments before he was shot dead has led the police to arrest the suspected killer and his accomplices.
A Texas man has been exonerated by a Dallas County Judge when DNA evidence proved he was wrongly convicted in connection with a 1979 Dallas rape, robbery and abduction case.
Three people who were arrested by the federal agents last month in an operation seen as part of a widening probe into insider trading were granted bail on Tuesday.
A federal judge in New York has okayed a class action lawsuit that accuses Leucadia National Corp., a financial services firm, the debt-collection law firm Mel S. Harris & Associates, and a Brooklyn-based process serving agency Samserv Inc., of a racketeering scheme that allowed them to fraudulently secure default judgments in New York courts against unwitting consumers around the country.
New York subway passengers, who were stranded for seven hours on the A train when the city was hit by a snowstorm on Dec. 26, are planning to sue the Metropolitan Transportation Authority (MTA).
The number of U.S. consumers who filed petitions for personal bankruptcy protection grew 9 percent to 1.53 million in 2010 and this could rise as consumers struggle with excess debt in an uncertain economy, according to the American Bankruptcy Institute (ABI), an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center (NBKRC).
With the U.S. market promising little growth in 2011, law firms are looking at emerging markets in Asia and South America for spurring their expansion.
Richmond, Va.-based law firm LeClairRyan has poached on at least 15 Nixon Peabody lawyers, including 5 partners, who will focus on expand upon the firm's capabilities in intellectual property, bankruptcy and commercial litigation practices in the newly established Rochester, N.Y. office.
Attorney General Eric Holder has named Gary G. Grindler as the new chief of staff to the Attorney General.
Detroit-based non-profit healthcare service provider Detroit Medical Center (DMC) has agreed to pay the federal government $30 million penalty to settle allegations that it violated the False Claims Act, the Anti-Kickback Statute and the Stark Statute by involving in improper financial relationships with referring physicians, according to a statement from the U.S. Department of Justice (DOJ).
A California-based former consultant for an expert networking and an investment advisory firm, Primary Global Research LLC, has been arrested by the federal authorities on charges related to her involvement in an insider trading scheme and has been detained for the New Year weekend.
Steven Rattner, former head of the U.S. government's Automotive Task Force, has agreed to pay $10 million in restitution to settle kickback allegations involving the roughly $132.8 billion New York State Common Retirement Fund and resolves the two lawsuits filed by the Attorney General Andrew M. Cuomo.
A man was arrested at Miami International Airport after bullet components exploded in his checked luggage as it was being offloaded from an American Airlines flight in Miami.
Wilmington, Delaware-based chemical manufacturer DuPont has agreed to pay a civil penalty of $3.3 million for violating the Toxic Substances Control Act (TSCA).
The federal judge in the Washington District of Columbia has granted preliminary approval to a long-running and highly contentious $3.4 billion Cobell Settlement - a move that could end the class action litigation over the mismanagement of trust fund assets for hundreds of thousands of Native Americans.
In the legal sector, many lawyers are leaving their law firms in search of greener pastures during the Holiday Season.
Cleary Gottlieb Steen & Hamilton has scored a big win for its client News Corporation (News Corp.) in its bid to buy the remaining shares in BSkyB by securing the clearance from the European Commission (EC).
Hal Turner, a right-wing blogger and Internet radio host, has been sentenced to 33 months in federal prison for threatening to assault and murder three judges of the 7th U.S. Circuit Court of Appeals in Chicago in response to their 2009 ruling upholding handgun bans in the city.
A California lawyer has agreed to be disbarred over a charge of stealing $117,000 from a widow after representing her in a case regarding her deceased husband's life insurance policy proceeds, according to the State Bar of California and Orange County District Attorney's (OCDA) statements.
King & Spalding has appointed Ross W. Nadel, a veteran Bay Area federal prosecutor, as a partner of its special matters and government investigations practice.
Toyota Motor Corporation has agreed to pay $32.4 million in fines to the National Highway Traffic Safety Administration (NHTSA) over delays in reporting safety defects in its vehicles on two separate occasions.
The New York Police Department (NYPD) has been sued by The New York Times (NYT) for routinely violating Freedom of Information Law (FOIL) that requires government agencies to provide information to the press and the public.
Allstate Corp., the largest publicly traded U.S. home and auto insurer, has accused Bank of America (BofA) and its lending unit, Countrywide Financial, of misrepresenting the risk associated with mortgage-backed securities it bought from them beginning 2005, and is suing them for more than $700 million.
