The U.S. Commodity Futures Trading Commission’s David Meister, the enforcement chief who pursued investigations of MF Global Holdings Ltd. and interest-rate manipulations, plans to step down this month.
Weil, Gotshal & Manges LLP represented Lenovo Group Ltd. in its purchase of Google Inc.’s Motorola Mobility phone unit for $2.91 billion. Cleary Gottlieb Steen & Hamilton LLP advised Google on the deal.
The U.S. Supreme Court agreed to consider whether companies and employees must pay Social Security taxes on severance compensation, accepting a case that may force the Treasury to give billions of dollars in refunds.
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
Royal Bank of Canada was sued by U.S. regulators over claims that the Toronto-based lender engaged in illegal futures trades worth hundreds of millions of dollars to garner tax benefits tied to equities.
U.S. Securities and Exchange Commission Chairman Mary Schapiro, who took the agency’s helm in 2009 as it reeled from public rebukes for failing to rein in Wall Street abuses, is leaving the agency next month.
JPMorgan Chase & Co., the largest U.S. bank, agreed to pay $100 million to resolve Commodity Futures Trading Commission claims that the company’s London traders last year deployed a reckless strategy in derivatives.