Attorney Matthew Kluger was sentenced to a 12-year prison term that is the longest ever imposed for insider-trading, exceeding the 11-year sentence given Galleon Group LLC co-founder Raj Rajaratnam last year.
New Jersey Governor Chris Christie went on the offensive today against a former ally whose lawyer accused him of lying about when he learned of September lane closures at the George Washington Bridge, sending a sharply worded e-mail to friends and supporters.
A New Jersey judge began to hear an emergency request to block the testimony of a political ally of Governor Chris Christie today before the state Assembly about a traffic scandal that has drawn national attention.
The mayor of Fort Lee, New Jersey, said he takes Governor Chris Christie “at his word” that he didn’t know about intentional traffic jams in his town near the George Washington Bridge even as a former Christie ally claims the governor did.
Switzerland said it expects to deliver account data on almost 4,450 UBS AG clients suspected by the U.S. of tax evasion, prompting the Internal Revenue Service to say it will drop a lawsuit against the bank within months.
The insider-trading conviction of Joseph Contorinis, an ex-Jefferies Paragon Fund money manager, was upheld by an appeals court in a ruling that may aid prosecutors as they defend the appeal of Galleon Group LLC co-founder Raj Rajaratnam.