A 36-story office tower in midtown Manhattan worth more than $500 million and six other properties will be sold to provide funds for terrorism-related judgments against the Iranian government under a settlement announced by the U.S.
Rajat Gupta, the former Goldman Sachs Group Inc. director convicted in a 2012 insider trading scheme tied to the Galleon Group LLC hedge fund, agreed to surrender to prison authorities on June 17 to begin a two-year sentence, a federal judge in Manhattan said.
One of five people found guilty last month of aiding Bernard Madoff’s $17.5 billion Ponzi scheme asked the judge in the case for an acquittal or a new trial, citing a lack of evidence and flawed jury deliberations.
A U.S. Securities and Exchange Commission rule requiring companies to disclose whether any “conflict minerals” are used in their products violates the free-speech rights of manufacturers, an appeals court held.
Abu Hamza al-Masri, the Islamic cleric accused of aiding an al-Qaeda affiliate’s deadly attack in Yemen and trying to start a terrorist training camp in Oregon, said he plans to testify in his own defense at a trial almost a decade after the U.S. sought his extradition.
Herbalife Ltd., the company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, is being probed by the Federal Bureau of Investigation, according to a person familiar with the matter.
SAC Capital Advisors LP’s landmark $1.8 billion settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund’s role as a money manager and capping a decade of insider-trading cases.
SAC Capital Advisors LP employees gathered in the hedge fund’s cafeteria on July 21, 2008, for a seminar by former Securities and Exchange Commission Chairman Harvey Pitt on compliance and how to prevent insider trading.