Sprint Corp., the third-largest U.S. wireless carrier, lost a bid to dismiss a lawsuit by New York’s attorney general seeking more than $300 million over claims it deliberately failed to pay sales taxes.
A whistle-blower’s $6.8 million in awards must be taxed as ordinary income, a U.S. Tax Court judge ruled, rejecting arguments that the money should be recognized as capital gains and subject to a lower rate.
Deutsche Bank AG agreed to hand over documents related to a probe into the operations of its Dubai- based wealth management division after being taken to court by the emirate’s financial free zone regulator.
JPMorgan Chase & Co. will pay $614 million to settle claims it improperly approved Federal Housing Administration and Veterans Affairs loans that weren’t eligible for insurance from those agencies because they didn’t meet underwriting requirements.
Symantec Corp., the biggest maker of computer-security software, said it may be required to pay as much as $145 million in damages as a result of a U.S. government investigation into its sales and pricing practices.
United States Investigations Services LLC, whose background checks helped National Security Agency leaker Edward Snowden and Washington Navy Yard shooter Aaron Alexis get security clearances, was accused of fraud by the government in a whistle-blower lawsuit.