U.S. investors are heading into 2008 stung by a series of legal and regulatory setbacks, analysts say, with the latest the Supreme Court’s ruling in the Stoneridge case protecting businesses from securities-fraud lawsuits. Tuesday’s ruling follows a decision late last …
The Bush Administration took the side of defendant companies in a Supreme Court case that could determine the fate of other investor lawsuits, including one linked to the Enron scandal. At issue in the case before the United States’ highest …
The Bush administration rejected a Securities and Exchange Commission recommendation in a key Supreme Court case and did not support shareholders suing Wall Street banks for damages over Enron’s collapse. The Justice Department’s solicitor general, who represents the administration in …
MBIA Corp., a large insurer of municipal bonds, has agreed to pay $75 million to settle an investigation by federal and New York state authorities into its accounting for a 1998 transaction, people familiar with the matter said Friday. The …
Federal securities regulators are moving to ease some financial-control rules for thousands of smaller public companies at the same time they look to stiffen requirements for individuals to invest in fast-growing hedge funds. In proposed rule changes under a landmark …
Federal bank regulators have halted for six months any new approvals of the sort of industrial banks that Wal-Mart, Home Depot and 12 other companies are seeking to own. The Federal Deposit Insurance Corp. imposed the moratorium on approving the …
With Wal-Mart and Home Depot among a record number of companies awaiting federal approval to open banks, legislation to block this special kind of bank is gaining momentum, a senior House lawmaker said. Thirteen companies, a record number, have joined …
As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has accused the four of orchestrating an …
Federal regulators moved this week to require companies to provide far greater detail about executives’ pay and perks in an effort to bring more openness to an area that has provoked investor anger. The five-member Securities and Exchange Commission voted …
The chief executive of Allstate Corp., one of the largest U.S. insurance companies, has endorsed a proposal to create a national insurance catastrophe fund as a backstop to state disaster funds. Several Florida lawmakers have proposed legislation to create a …
