Barclays Plc and the U.S. Justice Department missed a deadline for filing reports on the bank’s cooperation with the government under a deferred-prosecution agreement over its dealings with nations including Iran.
Barclays Plc’s deferred prosecution for improper dealings with sanctioned countries ended after the judge overseeing the U.S. case weighed whether the bank’s admissions in a probe involving manipulation of the London interbank offered rate should affect the deal.
Barclays Plc and the U.S. Justice Department were ordered by a federal judge to explain how the bank’s settlement of allegations involving its manipulation of Libor should effect a 2010 deferred prosecution agreement.
BP Plc’s former head of commodities trading Quek Chin Thean and three other ex-employees countersued the oil company after being accused of misusing confidential information and helping BP’s rival set up a competing business.
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.
Robert Moffat, the former International Business Machines Corp. executive who pleaded guilty in the Galleon Group LLC insider-trading scheme, said accused tipster Danielle Chiesi “played him” to obtain tips.