Mark Kurland, a co-founder of New Castle Funds LLC, was ordered to serve 27 months in prison after pleading guilty in the Galleon Group LLC insider-trading case, becoming the first defendant in the scheme to be sentenced.
A federal appeals court in Virginia threw out two challenges to the Obama administration’s 2010 health-care law, saying it lacked authority to decide whether the measure is constitutional.
Qualcomm Inc. is facing a new complaint over claims it breached European Union antitrust rules, less than a year after the EU’s executive agency dropped an investigation into the company.
Spain faces an in-depth investigation by the European Union into whether changes made to a tax-break system for companies acquiring shares in foreign companies is in line with EU rules.
The U.K. is losing friends in Brussels just as Prime Minister David Cameron most needs to influence people.
Mark Cuban, the billionaire owner of the Dallas Mavericks, must face insider-trading allegations that were dismissed last year by a lower-court judge, an appeals court ruled.
The European Commission said it will start on July 7 “a wide-ranging debate on the future of pensions in Europe.”
Former Mongolian President Nambaryn Enkhbayar was found guilty of graft charges and sentenced to four years in prison, a court spokesman in Mongolia said. He has 14 days to appeal the decision.