abacus

Goldman Sachs Fined by FINRA for Disclosure Delays

Goldman Sachs has been fined $650,000 by the Financial Industry Regulatory Authority for failing to properly disclose to regulators that two of its executives were going to be investigated by the Securities & Exchange Commission, FINRA announced Tuesday.

Legal Briefing: Conrad Black to Get Bail for Appeal

Former newspaper mogul Conrad Black will get out of jail on bail as he appeals his conviction for defrauding shareholders based on the now-narrowed "honest services" statute. The bail order comes even though Black was also convicted of an obstruction of justice charge.

Legal Briefing: AIG to Pay $725 Million Fraud Settlement, Eventually

In the settlement of a lawsuit that predates the financial meltdown, AIG has agreed to pay shareholders $725 million for years of fraudulent practices that led to investors loosing money on the stock. But they only get $175 million up front. The rest, they may wind up getting in shares of AIG.

Goldman Shares Rising on SEC Settlement, Upgrade

Goldman Sachs shares have jumped some 4.7% in premarket trading to around $152following the announcement of an agreement with the SEC for a record $550 million settlement over fraud claims linked to the subprime mortgage investment known as Abacus.

Legal Briefing: Facebook Privacy Settings Matter in Court

Lawyers have already exploited Facebook to help win in divorce cases, investigate potential jurors, and market themselves. Now, a California judge has ruled on when parties can subpoena Facebook data in a civil suit, and yes, your privacy settings are the key factor.