The Port Authority of New York and New Jersey postponed a vote on a proposal for a $1.2 billion loan guarantee that would help developer Larry Silverstein build 3 World Trade Center in lower Manhattan.
Benjamin Lawsky, New York’s top banking regulator, sued Condor Capital Corp., claiming the sub- prime auto lender stole millions of dollars from low-income customers and risked exposing their personal information.
Samuel Wyly, the 79-year-old former Michaels Stores Inc. chairman, says dates sometimes get garbled in his mind. That’s how he explained inconsistencies in his testimony about company sales that are a part of a $550 million insider-trading lawsuit brought by regulators.
A former Nvidia Corp. accounting manager agreed to pay $30,000 to resolve U.S. regulatory claims that his tips to a friend led to millions of dollars in illicit gains for hedge-fund traders, including Sigma Capital Management, an affiliate of SAC Capital Advisors LP.
Reynolds American Inc., maker of Camel cigarettes, can be sued by the European Union on claims the tobacco company orchestrated a worldwide scheme to launder drug money, a federal appeals court ruled in reviving a suit filed more than a decade ago.