Yelp executives must face a shareholder's lawsuit seeking to
hold them liable to the company for alleged misstatements that
led to a shareholder class action, a California federal judge
Institutional investors suing the world's largest banks for
alleged collusion in the foreign exchange market can pay a
former trader who pleaded guilty in a related criminal case to
act as a consultant after a federal judge on Monday rejected the
banks' bid to block the arrangement.
By Jody Godoy
The Financial Industry Regulatory Authority has fined Santander
Investment Securities Inc for failing to capture 6 million of
its employees' emails for review over five years in violation of
industry rules requiring securities firms to monitor broker
A federal judge in Ohio appointed Robbins Geller Rudman &
Dowd as lead counsel in a shareholder lawsuit against utility
FirstEnergy Corp over alleged bribes to a state lawmaker, saying
that in addition to representing the client with the largest
loss, he was "impressed" by the diversity of the lawyers on the
Pinterest has been hit with a proposed class action in San
Francisco federal court accusing it of misleading the market
about its ability to increase users in the United States.
The U.S. Securities and Exchange Commission sued the founder
of San Francisco-based e-commerce startup Benja Inc on Monday,
alleging he set up calls with fake customers and investors to
lure venture funding to the company.
A former Goldman Sachs banker facing criminal charges in the
United States over his alleged involvement in Malaysia's 1MDB
corruption scandal has told a Brooklyn federal court that the
U.S. Department of Justice's settlement with the bank violates
his right to a fair trial.
Two judges on a 2nd U.S. Circuit Court of Appeals panel
seemed inclined to revive a lawsuit against a Lebanese bank for
providing financial services to alleged Hezbollah affiliates,
questioning during oral arguments on Thursday whether a lower
court ruling dismissing the case had adhered to the correct
Law firm Selia Law argued to the 9th U.S. Circuit Court of
Appeals on Thursday that the Consumer Financial Protection
Bureau must start from scratch in its investigation of the
Orange, California-based firm after a U.S. Supreme Court ruling
held the CFPB's one-director structure unconstitutional.
A group of multinational banks accused by institutional
investors of collusion in the foreign exchange market urged a
Manhattan federal judge to block the investors from paying a
former trader at Barclays and BNP Paribas who pleaded guilty in
a related criminal case $400 an hour to act as a consultant.