Stories by Larry Neumeister

Wednesday, June 4, 2014

Court says judge went too far in blocking Citigroup settlement

NEW YORK - A judge overstepped his authority when he blocked a $285 million settlement between Citigroup Inc. and government regulators over toxic mortgage securities, a federal appeals court ...
By Larry Neumeister

Sunday, April 27, 2014

Businessman's reputation on line

NEW YORK - For decades, Sam and Charles Wyly won admiration as Texas entrepreneurs skilled at building businesses worth billions of dollars. But a regulatory agency is casting them in a new light ...
By Larry Neumeister

Thursday, April 10, 2014

NY judge sentences SAC Capital in $1.8 billion fraud deal

NEW YORK - The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal fine ever ...
By Larry Neumeister

Monday, March 24, 2014

Ex-Madoff aides convicted of fraud

NEW YORK - Five former employees of imprisoned financier Bernard Ma­doff were convicted Monday after a six-month trial that cast them as the long arms of their boss.
By Larry Neumeister

Thursday, Feb. 6, 2014

SAC Capital ex-trader convicted of insider trading

NEW YORK - A former SAC Capital Advisors portfolio manager was convicted Thursday of helping the company owned by billionaire Steven A. Cohen earn more than a quarter-billion dollars illegally ...
By Larry Neumeister

Tuesday, Jan. 14, 2014

A-Rod sues MLB, union

NEW YORK - Alex Rodriguez sued MLB and its players' union Monday, seeking to overturn a season-long suspension imposed on him. 
By Larry Neumeister

Tuesday, Jan. 7, 2014

JPMorgan Chase will pay more than $2.5 billion

NEW YORK - JPMorgan Chase & Co., already beset by costly legal woes, will pay more than $2.5 billion for ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme, authorities ...
By Larry Neumeister

Monday, Nov. 4, 2013

SAC Capital to plead guilty to fraud, pay $1.8 billion

NEW YORK - SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion to resolve criminal and civil claims against the hedge fund giant.
By Larry Neumeister

Friday, April 5, 2013

Judge making morning-after pill available to all

WASHINGTON - The morning-after pill might become as easy to buy as aspirin.
By Larry Neumeister

Monday, April 1, 2013

Court OKs Internet television service

An Internet company offering inexpensive live broadcast television feeds to computers, tablets and smartphones doesn't violate U.S. copyright law, a divided federal appeals court said Monday.
By Larry Neumeister

Friday, March 29, 2013

Portfolio manager accused in insider trading case

NEW YORK - A senior portfolio manager for one of the nation's largest hedge funds was arrested Friday, accused of joining an insider trading conspiracy that the government said made more than $6 ...
By Larry Neumeister

Tuesday, Nov. 20, 2012

Ex-hedge fund trader charged in $276 million insider ploy

A former hedge fund portfolio manager was arrested Tuesday in what prosecutors are calling perhaps the most lucrative insider trading scheme of all time.
By Larry Neumeister

Wednesday, Jan. 18, 2012

7 charged in insider trading case

Hedge fund boss among those charged in record $61M single-stock insider trading case in NYC.
By Larry Neumeister
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