Government
U.S. Justices Clamp Down On Class Actions In AMEX Case
The U.S. Supreme Court delivered its latest blow to class action lawsuits on Thursday when it enforced an arbitration agreement that prevents merchants from banding together to make antitrust claims ...Madoff Trustee Cannot Sue Big Banks, U.S. Court Rules
The trustee seeking money for Bernard Madoff's victims suffered a big defeat as a federal appeals court rejected his bid to recover nearly $30 billion from JPMorgan Chase & Co. and other banks he ...
SEC Settlement Policy May Pressure Other Agencies To Toughen Up
The decision by the U.S. Securities and Exchange Commission to seek admissions of wrongdoing in select enforcement cases is expected to put pressure on other federal financial regulators to get ...
Mini Flash Crashes Caused By Sloppiness, Not A Broken Market: SEC
Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. ...
Tax Dodges In The Crosshairs At G-8 Summit
World leaders at the G-8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries. In a ...U.S. Judge Limits Ex-Goldman Sachs Exec Tourre’s Defense In CDO Fraud Case
A federal judge on Wednesday limited the extent to which former Goldman Sachs Group Inc. vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense ...
Bernanke Says Fed Likely To Reduce Stimulus This Year
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. ...
SEC Will Seek Admission of Wrongdoing in More Cases, White Says
The U.S. Securities and Exchange Commission will seek more admissions of wrongdoing from defendants as a condition of settling enforcement cases, the agency's chairman said. SEC Chairman Mary Jo ...