Ed Beeson

Two ex-brokers facing civil insider trading charges over a $1.2 billion IBM acquisition told a federal judge on Monday that a text message to a former Cravath Swaine & Moore LLP attorney undermines the case against them, and that beer and video games alone aren't enough to establish deep friendships.

By taking up the infamous Halliburton suit again, a reluctant Fifth Circuit can explain how lower courts should apply last year's U.S. Supreme Court decision — although its ruling also may set the stage for the long-running securities class action's third run at the high court.

U.K. authorities on Monday won court approval of their first-ever deferred prosecution agreement, which will see a former subsidiary of South Africa’s Standard Bank Group Ltd. pay $32.2 million in sanctions over a payment two former employees allegedly made to bribe members of the Tanzanian government.

The U.S. Securities and Exchange Commission meted out about $10 million in sanctions on Tuesday to settle claims that units of Morgan Stanley and Societe Generale had failed to detect and stop an illegal securities "parking" scheme involving a former top fund manager at the venerated U.S. firm and her trader counterpart at the French broker-dealer. 

PJT Partners Inc., the publicly traded investment bank owned by Wall Street veteran Paul J. Taubman, has been hit with a shareholder class action stemming from last month's arrest of one of its former top officials, Andrew W.W. Caspersen, who is accused of secretly running a $95 million fraud scheme.

Preet Bharara long called serving as the U.S. attorney in Manhattan his dream job, and for seven-and-a-half years he lived that dream — all the while haunting the nightmares of lawbreakers on Wall Street, in Albany and elsewhere.

Justice Sotomayor On Working A Room And The Post-Scalia Void

BigLaw Bias Suits New Wild Card In Fight For Gender Equity

There’s probably no way to adequately rank the judicial catalog of Judge Richard A. Posner, who retired on Saturday after 36 years of service on the Seventh Circuit. But constitutional law experts say the prolific jurist leaves behind a body of work that will continue to influence jurisprudence and…

The U.S. Securities and Exchange Commission on Monday approved its largest ever whistleblower awards, agreeing to pay out roughly $83 million combined to three tipsters, who are represented by Labaton Sucharow LLP, according to the firm.