Joseph Collins, Refco Inc.’s former outside lawyer whose 2009 fraud conviction was reversed by an appeals court in January, is being retried for allegedly helping Chief Executive Officer Phillip Bennett and other executives defraud investors of $2.4 billion.
Joseph Collins, Refco Inc.’s former outside lawyer, was sentenced to a year and a day in prison for helping ex-Chief Executive Officer Phillip Bennett and other company officials defraud investors of $2.4 billion.
The fraud conviction of Joseph Collins, Refco Inc.’s former outside lawyer, was reversed by an appeals court that found the trial judge improperly instructed a juror outside the presence of Collins’s lawyers.
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to a court filing.
Goldman Sachs Group Inc. persuaded a judge to dismiss Overstock.com Inc.’s lawsuit alleging the investment bank manipulated short sales of the online retailer’s stock from 2005 to 2007, causing the shares to fall.
Affirmative action came under attack at the U.S. Supreme Court as Chief Justice John Roberts took the lead in questioning whether universities should continue to give special preference to racial minorities.