Goldman Sachs Group Inc. faces a regulatory probe in Britain and scrutiny from the German government after the U.S. Securities and Exchange Commission sued the firm for fraud tied to collateralized debt obligations.
Nevin Shapiro, chief executive officer of Capitol Investments USA Inc., defrauded investors of at least $80 million to fund his lavish lifestyle after raising $880 million in a Ponzi scheme, U.S. prosecutors charged.
President Barack Obama selected Elena Kagan , his top U.S. Supreme Court lawyer and the former dean of Harvard Law School, to fill a vacancy on the high court and for the first time give it three female members.
Illinois Attorney General Lisa Madigan lost a bid for a rehearing of a federal appeals court decision to void a state law prohibiting people from carrying loaded guns outside their homes or usual places of business.
President Barack Obama said he will announce a nominee to replace retiring Supreme Court Justice John Paul Stevens by next month and that he’ll seek a candidate who values individual rights and privacy when ruling on cases.