Elizabeth Holmes Sentenced to More Than 11 Years in Prison for Theranos Fraud November 21, 2022 By Jody Godoy A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding...
‘Wave’ of Lawsuits Over FTX Expected, but Investors Will Face Legal Hurdles November 18, 2022 By Jody Godoy A lawsuit by FTX account holders in the United States is likely the first of many that will be brought...
FTX’s Bankman-Fried, Celebrity Promoters Sued by Crypto Investors November 16, 2022 By Jody Godoy U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging...
SEC Considering Action Against SolarWinds Over Cyber Disclosures November 4, 2022 By Jody Godoy The U.S. Securities and Exchange Commission has recommended an enforcement action against SolarWinds Corp over its public statements on cybersecurity...
CBS, Former CEO to Pay $9.75M to Settle New York Probe of Handling of Misconduct November 3, 2022 By Jody Godoy CBS Corp. and former Chief Executive Leslie Moonves agreed on Wednesday to pay investors an additional $9.75 million to settle...
New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
Challenge to SEC ‘Gag’ Rule Turned Away by Supreme Court June 21, 2022 By Jody Godoy The U.S. Supreme Court on Tuesday rejected a challenge brought by a former Xerox Corp executive and backed by Elon...
Lyft Reaches $25 Million Settlement of Claims it Hid Safety Problems Before IPO June 20, 2022 By Jody Godoy and Jonathan Stempel Lyft Inc has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including...
Jury Rejects Palin’s Libel Claim Against New York Times February 15, 2022 By Jody Godoy and Jonathan Stempel A U.S. federal jury on Tuesday ruled against Sarah Palin in her lawsuit accusing the New York Times of defaming...
Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict February 14, 2022 By Jody Godoy and Jonathan Stempel A U.S. judge said on Monday he will throw out Sarah Palin’s defamation lawsuit against the New York Times, after...