Corporate whistleblowers could score multi-million-dollar payouts for reporting financial wrongdoing under a new program approved by U.S. securities regulators on Wednesday. A divided U.S. Securities and Exchange Commission voted 3-2 to finalize the measure that has grown into one of …
Allstate Corp. sued Citigroup Inc. and Deutsche Bank AG, accusing the banks of causing losses by hiding the risks on more than $385 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home and auto insurer, has …
Lawyers are pushing for a $4.5 million fee for their work for investors challenging a corporate merger. The recovery for shareholders? Probably zero. The requested fee in a lawsuit challenging Unilever NV’s $3.7 billion takeover of Alberto Culver Co. is …
When companies are looking at bad earnings news, a new study from the University of Iowa suggests it’s best for executives to remember what they learned as kids. “If a child does something wrong and tells his mother about it, …
The number of securities lawsuits filed in 2010 edged above the record number of suits filed in 2009, despite an easing of litigation related to the credit crisis. The number of new suits related to the recent credit crisis fell …
