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.
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.
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.
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.
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.
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.
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.