Video-Sharing Site Vimeo Wins Appeal of Copyright Infringement Claim June 17, 2016 By Nate Raymond Video-sharing website Vimeo LLC cannot be held liable for copyright infringement for unknowingly hosting older music uploaded by its users,...
Appeals Court Throws Out $1.27B Fraud Penalty Against Bank of America Mortgage Unit May 24, 2016 By Jonathan Stempel and Nate Raymond A U.S. appeals court on Monday threw out a jury’s finding that Bank of America Corp. was liable for mortgage...
Judge Cuts N.Y. Financier’s Damages Judgment in Harassment Case April 1, 2016 By Nate Raymond A federal judge on Thursday reduced by more than two-thirds the maximum sum a Swedish woman can recover after having...
Ex-QBE Insurance Executive Sentenced to Jail for $2.6M Embezzlement Scheme April 1, 2016 By Nate Raymond A former executive of QBE Insurance Group was sentenced on Thursday to 1-1/2 years in prison for conspiring to embezzle...
Hedge Funds Settle Press Release Hacking Claims for $18M March 29, 2016 By Nate Raymond A Moscow-based hedge fund manager, his investment firms and two Paris-based funds have agreed to pay nearly $18 million to...
Jury Finds 2 N.Y. Stockbrokers Liable in IBM Insider Trading Trial March 1, 2016 By Nate Raymond A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM...
AIG, Coventry Settle Life Settlements Case March 1, 2016 By Nate Raymond American International Group Inc. said on Monday that it had reached a settlement resolving a $2 billion lawsuit accusing a...
New York Art Gallery Settles Lawsuit Over Fake Rothko February 11, 2016 By Nate Raymond Knoedler & Co, which before closing in 2011 was New York City’s oldest art gallery, has agreed to settle a...
Ex-McKinsey Consulting Partner Charged with Fraud Against State Farm January 5, 2016 By Nate Raymond A former partner at consulting firm McKinsey & Co has been arrested on charges that he engaged in a scheme...
U.S. Charges 3 in ‘Securities Fraud on Cyber Steroids’ Scheme November 11, 2015 By Jonathan Stempel and Nate Raymond U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme...