Naked short selling is an illegal practice of trading stocks before you actually take possession of the stock or before determining if they even exist. Ordinarily, stock traders must borrow... Read more
District Judge Victor Marrero in Manhattan has signed off on a $602 million insider-trading settlement between a unit of SAC Capital Advisors and U.S. securities regulators. But the judge sa... Read more
A federal judge has approved a $115 million settlement between American International Group Inc. (AIG) shareholders and former CEO Hank Greenberg and other Defendants over alleged improper a... Read more
The U.S. Supreme Court has limited the authority of the federal government’s top securities regulator to seek civil penalties over conduct that occurred more than five years before investiga... Read more
Maxim Integrated Products has settled a stock option backdating class action lawsuit for $173 million. The settlement came weeks after a former CFO of Maxim lost a securities fraud trial. Th... Read more
The U.S. Supreme Court says investors who lost millions when Merck & Co. pulled its blockbuster drug Vioxx off the market can proceed with their lawsuit against the pharmaceutical giant.... Read more
The Securities and Exchange Commission and the Alabama Securities Commission have sued Aura Financial Services Inc., a Birmingham-based firm, and six of its employees over what was described... Read more
Former Countrywide Financial CEO Angelo Mozilo and two other former officials of the mortgage giant have been charged with fraud by federal regulators. This is the first government lawsuit a... Read more
Morgan Keegan & Co., the stock brokerage unit of Regions Financial Corp., has been involved in a great deal of litigation brought by investors who were victims of fraud. The company has... Read more
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