Browse By Tags

There’s a Web site about whistleblower/qui tam lawsuits, at http://www.whistleblower-qui-tam.com/pages/qui-tam-history.html , that explains the history of those actions (in the U.S., the False Claims Act was Lincoln’s idea during the Civil...

Here are more edited excerpts from a speech by Federal Reserve Gov. Sarah Bloom Raskin on problems in the mortgage servicing industry at the National Consumer Law Center's Consumer Rights Litigation Conference in Boston: Although foreclosure practices...

The Securities and Exchange Commission today charged two former senior accounting professionals at a Milwaukee-based headphone manufacturer with accounting fraud, books-and-records violations, and related misconduct arising from the alleged embezzlement...

The Long Island Rail Road takes people from Long Island to New York City, and back, and is the busiest commuter railroad in the U.S. It also seems to have another notable characteristic: A recent report by N.Y. Attorney General Andrew Cuomo found that...

An online brokerage and clearing agency specializing in options and futures as well as four officials at the firm and a customer have been charged by the SEC with being involved in an abusive naked short selling scheme. The SEC’s Division of...

Corey N. Johnston has pleaded guilty to operating a Ponzi scheme that defrauded at least 17 lenders in Minnesota and several other states. According to the government’s investigation, the lenders suffered losses in excess of $79 million. Johnston...

The unanimous decision by a three judge panel of the Second Circuit Court of Appeals upholding Madoff trustee Irving Picard’s interpretation of “net equity” is going to have significant implications for investors – including the...

If the number of claims made against the New York Lawyers’ Fund for Client Protection is any indication, lawyers in New York are becoming more honest. Consider that in 2012, 469 claims were filed with the Fund, a decrease of 22 percent from 2011...

Earlier this morning, we noted that a story in the New York Times today says that the Financial Crisis Inquiry Commission that Congress created to look into the financial meltdown is wrestling with “setbacks.” Now, we see that the Washington...

Ronald R. Bassak and his construction company, Meccon, Inc., have admitted in federal district court that he and his company paid a U.S. Postal Service contracting officer approximately $100,000 in bribes to secure contracts for his company. During the...

We have written a great deal over the past months about the U.S. government’s efforts to obtain customer information from Swiss banks, including UBS, to determine whether U.S. tax laws have been violated. Now, the government has charged a former...

The Federal Deposit Insurance Corporation today announced that Sheila C. Bair's official departure will be effective July 8th, 2011. Consistent with previous public statements, Bair (pictured) had announced her intention to depart the agency following...

Good morning! There’s an article in today’s Newsday reporting on continuing efforts by New York State Comptroller Thomas DiNapoli to revoke the state pensions of five Long Island lawyers as part of his probe into private lawyers representing...

The U.S. Supreme Court has made clear that its Citizens United decision, striking down limits on corporate political contributions, is here to stay . There are many people who applaud that ruling, including, for example, Republican Senate Minority Leader...

This past February, five individuals and five companies were charged with providing technology to companies controlled by China and theft of trade secrets for their alleged roles in a long-running effort to obtain information for the benefit of companies...