Government
Third Point Re With No U.S. Staff Claims Eligibility for JOBS Act Disclosure Limits
Billionaire hedge-fund manager Daniel Loeb's Third Point Reinsurance Ltd., which has no staff in the U.S., said it can limit financial disclosure after a public offering because of rules promoting ...
Ebix Says Money Laundering Allegations Are False
Ebix Inc. said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker's ...
Insurance Tech Firm Ebix Is Subject of Money Laundering Allegations
Federal investigators are reviewing Ebix Inc.'s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with ...AIG’s Bond Portfolio Dropped $9 Billion Due to Interest Rate Rise
American International Group Inc., the insurer that repaid a U.S. bailout last year, said a surge in interest rates in the second quarter fueled a $9 billion reduction in its bond portfolio as ...
Insurer Loses Lawsuit Over $560 Million in U.S. Taxes
John Hancock Life Insurance Co.'s claims for deductions for a series of leveraged lease transactions were denied by the U.S. Tax Court, a decision that could cost the company as much as $560 million. ...U.S. Lawmakers Want Perjury Probe For Corzine
A group of Republican lawmakers called on Friday for a criminal investigation of Jon Corzine, the head of failed futures broker MF Global, saying he may have committed perjury when speaking before ...
‘Fabulous Fab’ Verdict Is Vindication For SEC Lawyer
As the head of litigation for the U.S. Securities and Exchange Commission, Matthew Martens' main job is to oversee other lawyers. In his three years at the agency, he had not tried a case himself. ...
Wall Street Brokers Support Removing Liability Shield for Stock Exchanges
The government should strip U.S. stock exchanges of the legal status that protects them from most lawsuits, a trade group for brokers said. In a letter to the Securities and Exchange Commission, the ...