Commodity Trading Scheme Rolled Up
(CN) - The principal and co-owner of a North Carolina investment management company pleaded guilty Thursday in a $3.2 million commodities trading scheme, federal prosecutors said.
View ArticleChemical Salesman Gets 30 Months for Bribes
(CN) - A former agent for a U.S. chemicals company was sentenced to 30 months in prison for conspiring to defraud the United Nations Oil for Food Program.
View ArticleAnother Embarrassment for The Citadel
CHARLESTON, S.C. (CN) - The father of a cadet at The Citadel claims the military academy failed to prevent a male cadet from using its computers to post on the Internet his daughter's name and...
View ArticlePlastic Bag Tycoon Whacked for $49 Million
WASHINGTON (CN) - A plastics industry executive accused of lying in SEC filings about his ownership of Musicland Stores Corp. stock, and a trust he controlled, were ordered to pay $49.5 million,...
View ArticleUnderwear Bomber's Nemesis Sues Airlines
(CN) - A passenger who claims he was injured risking his life subduing the "underwear bomber" and prevented the destruction of a Detroit-bound passenger jet on Christmas Day 2009 demands $10...
View ArticleStrange Tale of Billions in U.S. Bonds
PHILADELPHIA (CN) - A man from suburban Philadelphia claims to have 735 $1 billion Federal Reserve Bonds stashed in a bank outside the city, and that 15 more have yet to be returned to him by a...
View ArticleCleared Suspects to Seek Arrest Refunds as a Class
(CN) - A federal judge granted class certification in a case against a suburb of Chicago that charges processing fees against suspects who come under arrest, regardless of whether the individual...
View ArticleRanch Hand Owes $100K for Telling Tall Tales
(CN) - The owner of a Texas exotic game ranch can collect $100,000 from a former ranch hand who made spurious claims to ranch clients, telling one that the owner's son had shot and killed a...
View ArticleAirline Carbon Credits Get Green Light From EU
(CN) - Europe's high court cleared the European Union's carbon-trading scheme for air travel, due to be implemented this January.
View ArticleHospitals Lose Medicare Reimbursement Dispute
CHICAGO (CN) -The Department of Health and Human Services can include paid lunch hours in its calculation of hospitals' average hourly wages, a factor that affects Medicare reimbursements, the 7th...
View ArticleCourt Nixes Challenge to City's Fine Collection
CHICAGO (CN) - Municipal fines are not debts under federal law, the 7th Circuit ruled Thursday, making itself the first court of appeals to officially decide the issue.
View ArticleJudge Slams Al Jazeera for Bogus Stipulation
(CN) - A federal judge has scrapped a misleading court stipulation from Al Jazeera in a suit that claims the international news network owes a construction company $1.4 million for a...
View ArticleFinal Settlement Orders Babies R Us to Pay $35M for Price-Fixing
PHILADELPHIA (CN) - Consumers who bought Britax car seats from Babies R Us will get the bulk of a $35 million settlement, with significant stakes also going to purchasers of Medela breast pumps or...
View ArticleAgencies Propose New Risk Capital Calculations
WASHINGTON (CN) - Three financial agencies plan to change market risk capital rules to add new ways to calculate specific risk capital requirements for debt and securitization positions, without...
View ArticleCity Officials Face Claims of Snuffing Free Speech
CHICAGO (CN) - Two Waukegan city officials must face civil rights claims over their treatment of residents protesting a new towing law, the 7th Circuit ruled Thursday.
View ArticlePanda Express Still Faces Suit Over Ties to Rezko
(CN) - Panda Express must face allegations that its owners' business decisions were clouded by their friendship with Tony Rezko, the real-estate mogul who was convicted of running a pay-to-play...
View ArticleNLRB Representation Regulations Amended
WASHINGTON (CN) - Eight changes have been made to regulations on filing and processing petitions for the National Labor Relations Board to decide whether employees should be represented during...
View ArticleIRS Offers Guidance on Property Deductions
WASHINGTON (CN) - The Internal Revenue Service issued temporary guidance on the deductibility of costs for improving or repairing property.
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