John Hueston News
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McGraw-Hill Cos.’s Standard & Poor’s unit urged a federal judge to throw out the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.
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McGraw-Hill Cos.’s Standard & Poor’s unit is set to take its first stab at fending off the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.
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Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.
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Billionaire William Koch won a fraud lawsuit in which he claimed a consigner sold him 24 counterfeit bottles of wine from France’s Bordeaux region and may get punitive damages as the jury resumes deliberations.
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When most people get a bad bottle of wine, they send it back. When billionaire collector William Koch concluded the vintage wines he bought at auction were counterfeit, he made a federal case out of it.
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Billionaire wine collector William Koch told jurors in Manhattan federal court that he was promised the “best of the best” of rare French vintages from a 2005 auction and instead wound up with fakes.
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Goldman Sachs Group Inc. banker Matthew Korenberg has been the subject of a U.S. insider-trading investigation for 2 1/2 years related to Galleon Group LLC, his lawyer said.
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A former employee of William Koch can refile a lawsuit alleging the billionaire energy-company executive held him captive at a Colorado ranch, ruled a judge, who said it’s “not a case that’s just going to go away.”
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Reverend Steven Jamison recalls the February day 13 years ago when he was digging ditches to replace culverts at his Maranatha Faith Center in Columbus, Mississippi. As he switched from a shovel to an excavator, an oily black substance began to fill the trench. It smelled like turpentine, and the deeper he dug, the more he saw, Bloomberg Markets magazine reports in its June issue.
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Goldman Sachs Group Inc., just months after being assailed by an ex-employee for harboring a “toxic” culture, faces a harsh spotlight this month in Manhattan federal court over how well a senior official guarded its secrets.
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