Former Jefferies & Co. Managing Director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.
Former Jefferies & Co. trader Jesse Litvak lied to customers in order to increase his profit, a prosecutor told a jury in the only fraud case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.
Former Jefferies & Co. managing director Jesse Litvak ended his defense without testifying in his trial on charges that he defrauded customers out of more than $2 million in trades of mortgage-backed securities.
UIL Holdings Corp. will buy Philadelphia Gas Works for $1.86 billion to expand its reach beyond New England, two years after the city put the nation’s largest municipally-owned natural gas utility up for sale.
A colleague of former Jefferies & Co. bond trader Jesse Litvak, who is on trial in Connecticut for fraud in the trading of mortgage-backed securities, testified that it’s against the firm’s policy to lie to clients.
Boehringer Ingelheim GmbH didn’t disclose a data analysis to U.S. regulators that indicated the blood-thinner Pradaxa may have caused more fatal bleeding after it was cleared for sale than the drug did in a study used to win approval, unsealed court filings show.