Corporate / Securities Law News

U.S. prosecutors have charged an additional 14 people in the Galleon Corp. insider trading scheme, reports Reuters .

The U.S. Justice Department sees wire taps as a crucial tool to root out securities fraud as it collaborates more closely with market regulators, a senior department official said on Friday, one day after new charges were filed in the biggest U.S. hedge fund insider trading scandal.

Published: Friday, November 6, 2009 at 6:01 a.m. Last Modified: Friday, November 6, 2009 at 5:09 a.m. "We have become so paranoid for no reason," the young trader told his friend in an evening call on his cellphone in late February 2008.

MaxLinear Inc., a maker of TV tuners, is planning to go public. The Carlsbad, Calif.-based company made an S-1 filing with the Securities and Exchange Commission for an initial public offering of its Class A common stock.

The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission.

ZAGG Inc. , a leading producer of electronics accessories for protecting and enhancing the mobile experience, including the popular invisibleSHIELDa and ZAGGaudioa brands, announces they have been approved to list their common stock on The Nasdaq Global Market.

The auditors for Bernard Madoff have agreed not to contest charges brought by the Securities and Exchange Commission that they enabled fraud by the now-jailed Ponzi scheme investor.

New arrests in hedge fund trading scandal Raj Rajaratnam, billionaire founder of the Galleon Group, a major hedge fund, is led in handcuffs from FBI headquarters in New York Oct.16, 2009 Louis Lanzano/The Associated Press Fresh charges come three weeks after those against Galleon's Raj Rajaratnam Larry Neumeister - Published on Thursday, Nov.

The top U.S. securities regulator on Wednesday called on Corporate America to upgrade its proxy voting practices to ensure shareholders a greater voice in governing the companies they own.

Investment adviser Value Line Inc., its CEO and its former compliance chief have agreed to pay about $45 million to settle regulators' allegations the firm charged more than $24 million in bogus commissions on mutual fund trades.

A lawsuit filed by the Securities and Exchange Commission alleges there were more improper payments in bond deals involving Jefferson County.

Two former top Merge Healthcare Inc executives agreed to pay $870,000 to settle U.S. Securities and Exchange Commission charges they fraudulently inflated revenue at the medical imaging software provider.

JPMorgan Chase & Co. is paying more than $700 million to settle federal regulators' charges it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.

The House Financial Services Committee voted Wednesday to give federal regulators more power and money to police major players in the stock market, four months after Bernard Madoff was sentenced for the biggest investment scam in history.

Texan billionaire Allen Stanford talks during an interview in Miami in this May 1, 2008, file photo.

A former Broadcom Corp. executive testified today in the criminal fraud trial of the company's former chief financial officer, William J. Ruehle, saying he helped facilitate the backdating of stock options and falsifying of documents at the Irvine chip manufacturer.

The Securities and Exchange Commission recently brought fraud charges against financier Michael J. Xirinachs, alleging that he helped a Florida company called Universal Express Inc.

A U.S. appeals panel had tough questions on Monday for the receiver in Allen Stanford's civil fraud case, who is suing to recover proceeds from several hundred investors in the firm's offshore bank.

A former executive of a private equity fund and six others have been charged of insider trading by the Securities and Exchange Commission , The Wall Street Journal reports.

Several Supreme Court justices seemed unsympathetic Monday to calls for the courts to get involved in reining in what investors are calling "excessive" fees on mutual funds, a popular investment vehicle for millions of Americans.