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.
Two federal prosecutors “engaged in reckless professional misconduct” during the failed public corruption case against deceased Alaska Senator Ted Stevens and should be suspended without pay, the U.S. Justice Department said.
California and New York, along with Florida, agreed to join more than 40 other states in a nationwide settlement 16 months in the making that seeks to end abusive bank foreclosure practices that followed the collapse of the housing bubble, a person familiar with the matter said.
U.S. prosecutors repeatedly hid evidence in the failed public corruption case against the late Alaska Senator Ted Stevens while the Justice Department let the trial team go without supervision, according to findings by a court-appointed special counsel.
A News Corp. unit that used lessons gleaned from gangster films to motivate employees and crush rivals is the latest arm of Rupert Murdoch’s media empire to be swept up in a probe that began with hacking and bribery allegations.
The U.S. Justice Department has ended a criminal investigation of former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and won’t bring charges, a person familiar with the investigation said.