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.
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.
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.”
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.
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.
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.
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.