Scott Allen, a former Mercer LLC investment adviser, says he shouldn’t be sent to prison for insider-trading because he’s assisted the U.S. on several investigations since pleading guilty to the scheme in March.
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.
Walter Shimoon, a former Flextronics International Ltd. executive who pleaded guilty last year to insider trading, has settled a related civil case with the Securities and Exchange Commission, according to court records.
A former sales manager and two ex- consultants for expert-networking firm Primary Global Research LLC were released on bail after a hearing before a New York federal judge as part of their prosecution in a nationwide probe of hedge fund insider trading.
BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion accord that would be funded with money originally set aside by the company for out-of-court settlements, according to three people familiar with the talks.
If Manhattan District Attorney Cyrus Vance Jr. had decided to codename his investigation of former International Monetary Fund chief Dominique Strauss-Kahn, he might have called it “Operation Rock and a Hard Place.”
Citigroup Inc.’s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by a federal judge who said he hadn’t been given enough facts to approve it.
Chip Skowron, the ex-FrontPoint Partners LLC hedge-fund manager charged as part of a nationwide insider trading crackdown, is in talks with federal prosecutors that may involve plea negotiations, according to court filings.