Credit Suisse Group AG and Elbit Systems Ltd. agreed to a settlement of the Israeli defense contractor’s lawsuit seeking to hold the bank liable for the conduct of two former brokers convicted of defrauding investors.
Steven Fortuna, a hedge-fund manager who pleaded guilty and assisted in the insider-trading probe of Galleon Group LLC and other federal investigations, was sentenced to two years’ probation and six months’ home confinement.
A Japanese program that will provide tax breaks to spur people to buy stocks may achieve the government’s targeted 25 trillion yen ($268 billion) in investments by 2020, a Fidelity Japan researcher said.
Hassan Nemazee , a fundraiser for President Barack Obama and Secretary of State Hillary Clinton , was sentenced to 12 years in prison for cheating Citigroup Inc., HSBC Holdings Plc and Bank of America Corp. of $292 million.
Steven Fortuna , a hedge-fund manager who pleaded guilty and agreed to assist a U.S. insider-trading probe of Galleon Group LLC, continues to provide information against others who haven’t been charged, a prosecutor said.
ABB Ltd. won dismissal of a racketeering suit brought by Iraq that alleged a unit of the world’s biggest electricity-networks builder conspired with Saddam Hussein’s regime over an oil-for-food program.