Bernard Madoff’s account statements were full of discrepancies that could be found by comparing the purported trades to published data, a forensic accountant told jurors in the trial of five of the con man’s former employees.
The receiver in charge of liquidating WG Trading Co., the company allegedly used in a Ponzi scheme by former managers Paul Greenwood and Steven Walsh , sued to recover $21 million in profit from a Cooper Industries Inc. trust.
Actavis Inc.’s $5 billion deal to buy Warner Chilcott Plc brings in a new stable of brand-name women’s health drugs. It also comes with headquarters relocated to Ireland and lower taxes for the combined company.
Invensys Plc said it received an exploratory takeover approach from Emerson Electric Co. that failed to produce an agreement, as the British manufacturer’s units spanning rail signaling and metering draw interest.
Cooper Industries Plc dropped plans to buy Laird Plc, the world’s largest maker of electronic shields for laptops and televisions, after failing to agree a price. Laird shares fell the most in almost three years.