Jed S. Rakoff

Heinz Deal Trading Triggers FBI Criminal Investigation

The Federal Bureau of Investigation is working with the U.S. Securities and Exchange Commission in a criminal probe of trading “anomalies” before the announcement of a deal to buy H.J. Heinz Co., said Peter Donald, a spokesman for the FBI’s New York office.

Monsanto, J.C. Penney, Elsevier: Intellectual Property

Monsanto Co. squares off next week against a 76-year-old Indiana farmer in a U.S. Supreme Court hearing with implications spanning industries from engineered fish to biotechnology medicines.

S&P Ratings Suit, CBOE-SEC Talks, Bonuses: Compliance

The Justice Department decision to sue Standard & Poor’s has investors asking why Moody’s Investors Service and Fitch Ratings weren’t targeted for awarding the same top grades to troubled mortgage bonds and other debt securities.

Citigroup Urges Appeals Court to Approve SEC Settlement

Citigroup Inc. asked a U.S. appeals court to overrule a trial judge and let its $285 million mortgage-securities settlement with the Securities and Exchange Commission go forward.

Khan Gets One Year in Prison in Insider Trading Case

Roomy Khan, the former Intel Corp. executive twice convicted of passing illegal tips to Raj Rajaratnam, was ordered to serve one year in prison for obstructing justice after she agreed to help the U.S.

U.S. Seeks Leniency for Kahn for Aid Against Rajaratnam

Roomy Khan, a former Intel Corp. executive at the center of the biggest stock-tipping probe in U.S. history, should get leniency when she’s sentenced this week because she helped the government convict Raj Rajaratnam, Doug Whitman and others, U.S. prosecutors said.

UBS Told by Federal Judge to Give IRS Data on Wegelin

A U.S. judge said the Internal Revenue Service can demand information from UBS AG about U.S. clients of Wegelin & Co., the Swiss bank that pleaded guilty this month to conspiring to help cheat the IRS.

Rakoff Thwarts Madoff Trustee Quest for New Judge

HSBC Holdings Plc, UniCredit SpA, Merrill Lynch and hundreds of other defendants in lawsuits filed by the liquidator of Bernard Madoff’s defunct firm are finding that their best ally may be U.S. District Judge Jed S. Rakoff.

Swiss Bank Wegelin & Co. Pleads Guilty in U.S. Tax Probe

Wegelin & Co., Switzerland’s oldest private bank, may pay U.S. authorities as much as $74 million after pleading guilty to helping American taxpayers hide assets from the Internal Revenue Service.

Rakoff Asked to Move 400 Madoff Suits as Deadline Passes

HSBC Holdings Plc, UniCredit SpA and Merrill Lynch joined more than 400 defendants in lawsuits brought by the liquidator of Bernard L. Madoff’s brokerage filing papers in the past week to beat a deadline for asking that their cases be moved to district court from bankruptcy court.

"Starting in the early 2000s and continuing well into 2011, Wegelin engaged in a wide-ranging conspiracy with, among others, hundreds of U.S. taxpayers to evade taxes, file false tax returns, and defraud the Internal Revenue Service."

- Jed S. Rakoff on Mar 04, 2013

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WTI Futures Rebound as U.S. Crude Inventories Decline

BP’s Oil Spill Deal Sours as Claims Add Billions to Cost

Fannie Shares Seen as Worthless Surging in Disconnect

U.S. Stock Futures Drop, Signaling Second Day of Losses

Stocks Fall on Fed Stimulus Concern While Oil, Yen Gain