Trustmark opposed on Monday a request by the court-appointed receiver for Stanford International Bank Ltd to enforce a $100 million settlement Trustmark reached to compensate fraud claims, arguing it shouldn’t be compelled to pay while judicial approval remains unresolved.
Spirit AeroSystems Holdings Inc. investors didn’t plead the level of intent necessary to show the company’s allegedly misleading statements about orders from the part maker’s client Boeing Co. and about its accounting controls amounted to securities fraud, a divided Tenth Circuit panel ruled.
An e-commerce company’s CEO defrauded more than 20 investors through private stock sales, using more than $1 million of the investment money on personal expenditures, a Securities and Exchange Commission suit says.
The Financial Industry Regulatory Authority Inc. is monopolistic and unconstitutional, a broker says in a suit that adds to allegations in a separate case brought by two of the private regulator’s other enforcement targets.
If you are the CEO of a hedge fund firm that is publicly traded, then any other hedge-fund manager — or a bunch of them together — can try to buy your firm, get rid of you, and run your hedge fund themselves. And, really, why not?
There’s no sign of
A federal judge dismissed a shareholder lawsuit against
A shareholder of Sunlight Financial Holdings Inc. sued the company’s executives and directors, alleging that they misled investors about supply chain challenges and cash advances paid to contractors for more than a year.
Puerto Rico’s bankrupt utility, which needs to restructure nearly $9 billion of debt, is closing in on a deal with at least two bondholders as soon as this Friday.
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