SEC lawsuit

SEC Hits IBM with Bribery-Related Lawsuit

The Securities and Exchange Commission announced Friday it has reached a $10 million settlement with IBM, over allegations the company violated accounting and internal control provisions relating to the alleged bribery of Chinese and South Korean government officials.

Judge Rakoff Gets Slapped for Galleon Wiretaps Ruling

U.S. District Court Judge Jed Rakoff is famous -- or infamous -- for his zeal in righting Wall Street's wrongs. But the Galleon insider trading civil suit he's presiding over has just earned him a wrist-slap from the Second Circuit Court of Appeals.

Citigroup Fined $75 Million to Settle Allegations That It Misled Investors