Recent Updates
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Morgan Stanley to pay $2.6B to settle charges
Corporate Law 02/09/2015Morgan Stanley said Wednesday it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall Street bank to reach a set...
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Folsom man pleads guilty in $40M investment scam
Corporate Law 09/09/2014The president of a Northern California financial firm has pleaded guilty to wire fraud in an investment scam that bilked more than 300 people out of roughly $40 million. Federal prosecutors in Sacramento say Anthony Vassallo and his associates collec...
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Court weighs securities fraud class-action cases
Corporate Law 04/24/2014The Supreme Court is considering whether to abandon a quarter-century of precedent and make it tougher for investors to band together to sue corporations for securities fraud. The justices hear arguments Wednesday in an appeal by Halliburton Co. that...
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Man to plead guilty in Disney insider info case
Corporate Law 04/24/2014A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009. According to the deal filed in Los Angeles federal court Wedn...