Articles by Joseph Ax and Dan Whitcomb

O.J. Simpson Faces $58 Million Wrongful Death Damages After Release from Jail

O.J. Simpson will walk out of prison in October after nine years behind bars, but he is far from free of his financial woes. The 70-year-old football star, who won his release from a Nevada parole board on Thursday after …

Advocacy Groups Go to Court to Thwart Trump’s Bid to Undo Regulations

The White House defended the president’s executive order to U.S. agencies to rescind two government regulations for every new rule introduced, after several advocacy groups filed a lawsuit on Wednesday challenging the Trump administration over the move. The National Resources …

Jury Acquits 3 Dewey Law Firm Executives on Some Charges, Deadlocks on Others

A New York jury on Wednesday found three former executives of defunct law firm Dewey & LeBoeuf not guilty of some charges but remained deadlocked on others, including the most serious charge of grand larceny. Former Dewey Chairman Steven Davis, …

Ex-Dewey Executives Did Not Defraud Law Firm, Defense Says

The collapse of Dewey & LeBoeuf, once one of the biggest U.S. law firms, was due not to fraud by top executives but defections by its highest-earning partners, defense lawyers told jurors on Tuesday at the close of a criminal …

Arab Bank Settles Terrorism Financing Claims by U.S. Citizens

Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The settlement was confirmed on Friday by …

U.S. Appeals Court Rejects Ecuador Challenge to $96 Million Chevron Award

A U.S. appeals court on Tuesday rejected Ecuador’s challenge to a $96 million international arbitration award in favor of energy giant Chevron Corp, marking the latest twist in a decades-long dispute over the development of oil fields in the South …

Former Top Execs at Dewey Manipulated Income Statements, Witness Testifies

Former top executives at defunct law firm Dewey & LeBoeuf, including chairman Steven Davis, conspired to falsify income statements in an attempt to forestall its collapse in 2012, the firm’s former finance director testified Monday. Francis Canellas, a key prosecutorial …

Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case

A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was …

Fraudster Huff with ‘Staggering’ Record and ‘Chutzpah’ Gets 12 Years in Prison

A Kentucky businessman was sentenced on Thursday to 12 years in federal prison for a series of massive frauds, including a $53 million tax scheme, the bribing of bank officials and the defrauding of bank and insurance regulators. Wilbur Huff …

Banks Scuttle MasterCard Settlement with Target Over Data Breach

A proposed $19 million settlement between MasterCard Inc. and Target Corp. over the retailer’s 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The agreement, announced in April, would have …