Stories by Larry Neumeister

Monday, May 23, 2016

Fraud verdict against Bank of America thrown out

NEW YORK - Bank of America was not liable for fraud and subject to a penalty of more than $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the ...
By Larry Neumeister

Monday, April 25, 2016

Court says Brady must serve suspension

A federal appeals court has ruled that New England Patriots quarterback Tom Brady must serve a four-game "Deflategate" suspension imposed by the NFL, overturning a lower judge's ruling and siding ...
By Larry Neumeister

Friday, April 8, 2016

Government's fight against Apple in NY drug case to continue

NEW YORK — The Justice Department said Friday it will continue trying to force Apple to reveal an iPhone’s data in a New York drug case.
By Larry Neumeister

Wednesday, March 30, 2016

Jury finds GM ignition switch not to blame in 2014 accident

NEW YORK - A New York City jury found Wednesday that a flawed General Motors ignition switch was not to blame in a 2014 accident on an icy New Orleans bridge.
By Larry Neumeister

Friday, Jan. 22, 2016

GM ignition switch trial ends amid claims of fraud

NEW YORK - A trial that was supposed to help settle hundreds of lawsuits stemming from General Motors' faulty ignition switches abruptly ended Friday, a day after the judge raised questions about ...
By Larry Neumeister

Sunday, Jan. 3, 2016

Trial to set precedent for GM lawsuits

NEW YORK - A civil trial set to start this month in New York City will test the legal boundaries of hundreds of claims remaining against General Motors Co. stemming from faulty ignition switches.
By Larry Neumeister

Tuesday, Nov. 10, 2015

3 charged in cyberattacks against US finance companies

Two men held in Israel and one U.S. citizen believed to be living in Moscow have been charged with stealing the contact information of more than 100 million customers of U.S. financial institutions.
By Larry Neumeister

Friday, Oct. 16, 2015

Appeals court rules copyrights not violated by Google's online library

NEW YORK - Google is not violating copyright laws by digitizing millions of books so it can provide small portions of them to the public, a federal appeals court ruled Friday in a decade­long ...
By Larry Neumeister

Sunday, Sept. 6, 2015

Court to hear second case against overseas data law

NEW YORK - Microsoft Corp. gets a second chance to prove it's entitled to keep data stored overseas out of the hands of U.S. investigators when its lawyers appear before a federal appeals court ...
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
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