Ira Sorkin News
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Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, agreed to acquire Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion as the company returns to its roots in energy.
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A group of baseball and hockey fans can go forward with claims that the National Hockey League and Major League Baseball violate U.S. antitrust law in their control over television and Internet broadcast rights.
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Insider-trading laws are “a little bit murky” and confusing to investment professionals, the lead prosecutor on the Raj Rajaratnam case said during a panel discussion in New York.
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Convicted swindler Bernard Madoff , who is serving a 150-year prison term at a prison in Butner, North Carolina, won’t be attending the funeral of his elder son, Mark Madoff , who committed suicide Dec. 11, a lawyer said.
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Kareem Serageldin, Credit Suisse Group AG’s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
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News Corp. Chairman Rupert Murdoch and his sons Lachlan and James were sued in Manhattan federal court by a shareholder who says the phone-hacking scandal damaged the company and who described their actions as “damning.”
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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, plans to fight extradition to the U.S. until he reaches a plea deal.
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Bank of America Corp. , the biggest U.S. bank by assets and deposits, delayed foreclosures after a federal regulator called for a review because lenders may have submitted defective documents when repossessing homes.
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If Jerome Kerviel is convicted next week of causing Societe Generale SA ’s 4.9 billion-euro ($6.5 billion) loss, he won’t face the kind of sentences given to financial felons such as Bernard Madoff -- or even Nick Leeson .
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A vintage Aston Martin automobile previously owned by Peter Madoff , brother of Bernard L. Madoff , will be sold at auction to help pay the jailed con man’s former investors.
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