Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s CDO business charged in a bonus- boosting fraud tied to a $5.35 billion trading book, was surprised by the U.S. indictment since he has been cooperating with investigators for four years, his lawyer said.
Former Primary Global Research LLC executive James Fleishman, charged with participating in an insider-trading scheme, won’t testify in his own defense at a trial after prosecutors finished their case.
Bank of America Corp. reached a $315 million settlement with a group of investors who sued its Merrill Lynch unit claiming they were misled about mortgage- backed securities, according to a court filing.
James Fleishman, a former Primary Global Research LLC sales manager charged in an insider trading investigation, asked a judge to suppress evidence derived from wiretaps of more than 100 callers to the so-called expert networking firm.
A former executive at expert- networking firm Primary Global Research LLC, James Fleishman, was convicted at trial of helping pass confidential information to fund managers as part of an insider-trading scheme.
Twenty-five of the best-paid chief executive officers in the U.S. earned more in salary and other compensation in 2010 than their companies’ federal income tax expenses as disclosed in public filings, according to a report by the Institute for Policy Studies.
Citigroup Inc. Chief Executive Officer Vikram Pandit and Pramit Jhaveri, head of the bank’s Indian unit, were cleared by local police of involvement in an alleged $66 million fraud at its branch in Gurgaon.
Former Primary Global Research LLC executive James Fleishman, convicted of conspiracy in September as part of a crackdown on insider trading, was properly tried in New York for his crimes, federal prosecutors said.