Benjamin Lawsky, New York’s top banking regulator, sued Condor Capital Corp., claiming the sub- prime auto lender stole millions of dollars from low-income customers and risked exposing their personal information.
A former Celgene Corp. director of financial reporting was sentenced to 16 months in prison for insider trading after his lawyer said he was a nerd who wasn’t motivated by typical drives like sex, drugs, gambling or greed.
A lawsuit against General Motors Co. in California over ignition-switch defects linked to 13 deaths was put on hold until a bankruptcy judge in New York rules on whether some compensation claims can be brought without violating a court order in the company’s 2009 reorganization.
The U.S. Securities and Exchange Commission is weighing a requirement that brokers tell investors exactly where their stock trades go to be executed, a proposal that may address complaints that the decisions are sometimes made against the clients’ best interests.
A Pennsylvania judge should decide the merits of the state’s ban on same-sex marriage from written arguments in a lawsuit brought on behalf of 11 gay couples, making a scheduled June trial unnecessary, lawyers for the American Civil Liberties Union said.
Nestle SA offered to lift obstacles to rivals that make knockoff capsules for Nespresso coffee machines in France, aiming to end a probe by the competition regulator in the largest market for the iconic brand.