department of justice

JPMorgan Chase's China Syndrome: Nepotism

JPMorgan Chase can't seem to stay out of trouble hiring people associated with China's government, and it's coming under increasing scrutiny of Asian and American regulators.

S&P Expects U.S. Lawsuit Over Its Mortgage Ratings

The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.

BP May Face $21 Billion in Fines Over 2010 Gulf of Mexico Oil Spill

The Justice Department is charging BP with gross negligence for its reckless actions related to the Deepwater Horizon oil spill in the Gulf of Mexico. If the charges stick, BP could face fines up to $21 billion. Can the company survive such a financial and PR nightmare?

Court Strikes Down Graphic Warnings for Cigarettes

A U.S. appeals court on Friday struck down a law that requires tobacco companies to use graphic health warnings, such as of a man exhaling smoke through a hole in his throat. The ruling sets up the possibility the U.S. Supreme Court will weigh in on the dispute.

Does Johnson & Johnson Need a Lot More than Just a Band-Aid?

Everyone knows Johnson & Johnson, but not everyone knows how big this pharmaceutical and medical device giant really is. And they also may not realize how much it's recent series of drug recalls and management missteps have pummeled the blue chip stock.

Obama Orders For-Profit Schools to Stop Scamming Our Troops

Last week, President Obama signed an executive order to protect veterans, soldiers and their families from being swindled and hoodwinked by for-profit schools. Check out some of these shady behaviors, and you'll understand what set Obama off.

Tax Prep Nightmare: Don't Get Conned by Your Tax Pro

A series of major problems and the whiff of potential fraud at a tax-prep company called "Mo Money Taxes" are a scary reminder: Be smart about selecting the professional who helps with your tax return. Here are some tips to help you avoid the shady characters.

9/11 Survivor Finds 'Purpose' by Helping Others

In 2001, Nicole B. Simpson was just another Morgan Stanley financial planner on the 73rd floor when the 9/11 attacks struck. She survived, but the emotional trauma left her old life in the wreckage. Eventually, though, she found a new purpose in helping others through traumas of their own.

New Details in Hewlett-Packard Pretexting Case

In 2006, tech giant Hewlett-Packard grabbed headlines as it found itself immersed in the middle of a stunning pretexting scandal that would force high-profile resignations, lead to public distrust and plenty of legal action. Since then, the case seemed to have died down. But not so fast ...

Financial Meltdown Accountability: Bring On the Class Actions!

The Financial Crisis Inquiry Commission's report concludes that ineffective regulators and big banks were the primary causes of the financial meltdown. Next stop: Government and class action lawsuits to recoup some of what we all lost, and (please please please) criminal charges against the worst offenders too.

Merck KGaA Is Latest Pharma to Settle Justice Department Claims

German pharmaceutical and chemical company Merck KGaA will pay $280 million to settle a U.S. Department of Justice claim brought against a former subsidiary, Dey Pharma, regarding Medicare and Medicaid reimbursements. This is the fourth such settlement this month alone.

Allergan Pays $600 Million to Settle Botox Charges

Pharmaceutical firm Allergan has settled criminal and civil charges that it promoted Botox for uses the FDA hadn't approved, agreeing to pay $600 million and enter into a "corporate integrity agreement." Allergan also dropped its related First Amendment lawsuit against the FDA.

HP Bribery Probe Intensifies

The Justice Department, which has been investigating bribes Hewlett-Packard allegedly paid in Russia, has asked the company to voluntarily turn over internal records.

Legal Briefing: U.S. Targets More Rich Tax Cheats

Now that they are nearly done squeezing Swiss bank UBS for information about its wealthy tax-dodging clients, the IRS and the Justice Department are moving on to new tax fraud targets: Clients of London-based bank HSBC Holdings, mostly those with ties to India and Singapore.

Legal Briefing: DOJ May Sue to Block Ariz. Immigration Law

The Department of Justice may file suit Tuesday over Arizona's controversial immigration law, but if the lawsuit is crafted as has been rumored, it will frustrate all sides in the debate, because it avoids the merits of the law and focuses instead on Arizona's lack of authority to enact it.

Legal Briefing: Intel Offers Deal to FTC

Intel has been sued a few times for monopolistic behavior in the chip market, but the current Federal Trade Commission case is different from the others. The FTC isn't seeking monetary damages or penalties: It wants Intel to change how it does business.

Legal Briefing: FCC Won't Force Broadband Competition

In order to enforce net neutrality rules, the FCC is reclassifying ISPs into the same category as phone companies. Now, the agency has the authority to drastically improve broadband competition -- but it won't.

Tax refund scams on the rise

IRS tax preparationAs Tax Day creeps closer, tax refund scams are on the rise. A number of fake tax refund schemes have been made public in recent days, as the Justice...