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Author Archives: Bloomberg News

Obama taking greater role in terror trial plan

President Barack Obama and his advisers have gotten more involved in the battle over where to try Khalid Sheikh Mohammed and four fellow Guantanamo Bay detainees, White House spokesman Robert Gibbs said. With resistance building over plans to try the ...

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Pension funds sue Morgan Stanley over pay and bonuses to employees

Morgan Stanley, the world’s biggest brokerage, was sued Thursday by two U.S. pension funds which allege the firm made improper compensation and bonus payments. The suit by the Security Police and Fire Professionals of America Retirement Fund and Central Laborers’ ...

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Stanford shredders jury weighs obstruction, conspiracy charges

A federal jury in Miami is weighing charges against two former Stanford Financial Group Co. employees alleged to have ordered the shredding of records wanted by the U.S. Securities and Exchange Commission in a probe of financier R. Allen Stanford. ...

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Toyota ex-lawyer can’t share his secret documents on SUV rollovers

Toyota Motor Corp. won a temporary ruling barring a former in-house lawyer who accuses the carmaker of hiding evidence in rollover-accident lawsuits from going public with confidential documents in his possession. A former judge arbitrating the case between Dimitrios Biller ...

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Blagojevich pleads innocent to corruption charges

Rod Blagojevich, the former Illinois governor re-indicted on corruption charges, maintained his innocence on Wednesday before a federal judge in Chicago. Blagojevich, 53, pleaded not guilty before U.S. District Judge James B. Zagel after a grand jury re-indicted the two-term ...

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SEC says sewer bond case shouldn’t be dismissed

The U.S. Securities and Exchange Commission said in a court filing it has jurisdiction over municipal interest-rate swaps and enough evidence to pursue its lawsuit against two former JPMorgan Chase & Co. bankers for their role in gaining $5 billion ...

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Airplane crash that killed 50 spurs quest for damages that punish

Robin Tolsma and Jennifer West call each other every day, sharing stories about their kids, their grief and their anger. Their husbands, Darren Tolsma and Ernie West, sat next to each other on Continental Airlines Connection Flight 3407 when it ...

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Merck to change procedures, pay fees to end Vioxx suits

Merck & Co. agreed to settle shareholder lawsuits over the withdrawn Vioxx painkiller by strengthening its drug-safety procedures, appointing a new chief medical officer and paying $12.2 million in legal fees. Merck would appoint one committee to address risks that ...

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R.J. Reynolds loses $6.2M Fla. verdict

R.J. Reynolds Tobacco Co., the second-biggest U.S. cigarette maker, must pay $6.2 million to a woman whose husband died of lung cancer at 59, a Florida jury said Monday, according to an attorney for the woman. A state-court jury in ...

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Loopholes allowing tainted money into U.S.

U.S. lawyers, real estate and escrow agents and other professionals are enabling the flow of tens of millions of tainted dollars into the country due to loopholes in anti-money laundering laws, a Senate report says. In one case, the son ...

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Ex-Ill. governor indicted – again

Former Illinois Gov. Rod Blagojevich, who was impeached and removed from office for abusing his power, was re-indicted Thusday on corruption charges by a federal grand jury in Chicago. Blagojevich faces eight new criminal charges, including racketeering, attempted extortion and ...

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