U.S. prosecutors in Virginia plan to step up pursuit of financial fraud cases, taking advantage of a court holding two years ago that their district has jurisdiction over crimes linked to federal securities filings.
Kolon Industries Inc. and five of its executives were charged with stealing trade secrets from DuPont Co. related to the manufacture of Kevlar, an anti- ballistic fiber used in police and military gear.
A Boston federal jury ruled against a former Ropes & Gray LLP associate who alleged the law firm retaliated when he complained of racial discrimination after failing to make partner, the National Law Journal reported.
The Justice Department’s $13 billion mortgage securities settlement with JPMorgan Chase & Co. is a record and also a rarity -- Attorney General Eric Holder’s first big win against a bank at the heart of 2008’s financial crisis.
U.S. Treasury Secretary Timothy Geithner agreed to answer questions in writing in Lehman Brothers Holdings Inc.’s lawsuit against JPMorgan Chase & Co., which claims the bank contributed to Lehman’s collapse in 2008.