Sandra Hatfield News
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Credit Suisse Group AG, Switzerland’s second-biggest bank, was sued by IKB Deutsche Industriebank AG over $215.4 million in residential mortgage- backed securities.
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Three former directors of DHB Industries Inc. will pay more than $1.6 million to resolve U.S. Securities and Exchange Commission claims over their roles in an accounting fraud at the military body-armor supplier.
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Point Blank Solutions Inc., a maker of body armor for the U.S. military and law enforcement, won court approval to sell almost all its assets to an affiliate of Sun Capital Partners Inc. for about $36.6 million.
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David Brooks , a founder and former chief executive officer of military contractor DHB Industries Inc. , was found guilty of committing a $185 million fraud and looting the company to pay for personal expenses.
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David Brooks, the Point Blank Solutions Inc. founder convicted by a jury last year of committing a $185 million fraud and looting the military contractor, pleaded guilty to tax charges.
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David Brooks, a founder and former chief executive officer of military contractor Point Blank Solutions Inc., will plead guilty to tax charges, his lawyer said.
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Citigroup Inc. must face a trial set for Oct. 18 over claims it tricked private equity firm Terra Firma Capital Partners Ltd. into overpaying for EMI Group Ltd. in 2007, a U.S. judge ruled.
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The National Credit Union Administration has sued Goldman Sachs Group Inc., accusing the Wall Street firm of violating federal and state laws in the sale of securities to now-failed corporate credit unions.
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Philadelphia Newspapers LLC is aiming to put the company up for auction again next week after the Teamsters union blocked a court-approved sale of the publisher of the Philadelphia Inquirer and Philadelphia Daily News to secured lenders.
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Point Blank Solutions Inc. ’s acting chief executive officer, James Henderson , was sued by the former CEO’s brother, an investor in the bankrupt military contractor who claims Henderson failed to conduct proper audits.
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