Former Washington Mutual Inc. Chief Executive Officer Kerry Killinger and two other bank officials are in settlement talks with the Office of the Comptroller of the Currency, the last chapter in the government’s probe of the largest U.S. bank failure.
Tesla Motors Inc. shareholders have had much to fret about lately, from a nosebleed valuation and sagging stock price to periodic YouTube videos of exploding Tesla electric cars. Here’s another one for the list: Sometimes Tesla acts like it doesn’t know what it’s doing when it comes to financial reporting.
Intellectual Ventures Management LLC, the patent-licensing firm that filed three patent- infringement suits against technology companies in December, has succeeded in getting counsel for one of the companies disqualified from the case.
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that had eluded detection for 17 years.
Matthew Kluger, a former lawyer who spearheaded a 17-year insider-trading scheme, must serve his 12- year prison term, the longest ever in such a case, an appeals court said in denying his bid for a new sentence.