IBTimes Australia : Department of Justice Topic

Justice Department opposes AMR's $20 million severance for CEO Horton

Sat, 25 May 2013 06:42:02 +1000

A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.

Judge Comments a Blow for Apple in Ebook Price Fixing Case

Fri, 24 May 2013 20:25:21 +1000

A US judge has said tentatively that government evidence will prove Apple guilty of colluding to fix ebook prices.

Proxy advisory firm settles SEC charges over data breach

Fri, 24 May 2013 07:28:03 +1000

Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.

Prosecutors consider using racketeering law against SAC: source

Wed, 22 May 2013 09:42:03 +1000

Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter.

U.S. prosecutors consider using racketeering law against SAC: source

Wed, 22 May 2013 09:35:02 +1000

U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter.

Philippine Investigators Get Evidence On Taiwanese Fisherman's Death

Sun, 19 May 2013 15:59:18 +1000

Philippines has commenced its investigation on the fatal shooting of one Taiwanese fisherman in disputed waters last week. One of the evidence being carefully examined is a video recording of the incident.

White House under Fire over AP Yemen Terror Plot Phone Records Seizure

Wed, 15 May 2013 00:40:32 +1000

Associated Press’s 2012 CIA Yemen terror plot operation story behind Justice Department seizure.

Parents Have no 'Right' to Homeschool their Kids, Says Justice Department

Tue, 14 May 2013 16:20:39 +1000

Individual liberty is being burned at the stake, as governments set fire to people natural rights. This time it has everything to do with homeschooling.

Ranbaxy Pleads Guilty, to Pay $500 Million in Settlement

Tue, 14 May 2013 16:04:52 +1000

Generic drugmaker Ranbaxy Laboratories Ltd(RANB.NS) pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice.

Exclusive - At Texas fertiliser plant, a history of theft, tampering

Fri, 03 May 2013 15:14:02 +1000

The Texas fertiliser plant that exploded two weeks ago, killing 14 people and injuring about 200, was a repeat target of theft by intruders who tampered with tanks and caused the release of toxic chemicals, police records reviewed by Reuters show.

Chesapeake, Bank of New York wrap up trial over bond redemption

Wed, 01 May 2013 04:42:01 +1000

Chesapeake Energy Corp and Bank of New York Mellon concluded an expedited trial on Tuesday over the energy company's effort to redeem $1.3 billion notes at par.

BP Gulf of Mexico Oil Spill: Counting Fallout Costs

Tue, 30 Apr 2013 22:33:53 +1000

Three years on from the Deepwater Horizon oil spill disaster, IBTimes UK looks at BP's mounting costs

Mississippi Man Linked to Ricin Letters Charged with Biological Weapons Use

Sun, 28 Apr 2013 15:13:48 +1000

A Mississippi martial arts instructor was charged on Saturday with attempting to use a biological weapon after a ricin-laced letter was sent to President Barack Obama earlier this month, the U.S. Department of Justice said.

AT&T fires back at Justice Dept over U.S. airwaves auction rules

Fri, 26 Apr 2013 08:14:05 +1000

AT&T Inc on Thursday slammed the Justice Department for what it called "blatant favoritism" toward smaller wireless rivals in recommending that regulators help them compete in the forthcoming spectrum auction.

U.S. can sue BNY Mellon over currency trades - judge

Thu, 25 Apr 2013 04:14:03 +1000

A federal judge said Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a case brought under a rarely-used financial fraud law.

US Government Sues Cyclist Lance Armstrong over Sponsor Money

Wed, 24 Apr 2013 18:46:56 +1000

The U.S. government filed court documents Tuesday laying out its case against cyclist Lance Armstrong, who is accused of defrauding the Postal Service by taking millions of dollars in sponsorship money while flouting professional cycling rules by doping.

Boston Marathon Bombings: Prosecutors Consider Death Penalty for Dzhokhar Tsarnaev

Sun, 21 Apr 2013 21:37:10 +1000

Lawyers scramble to build criminal case as Republicans call for military trial as an enemy combatant.

US House of Representatives Passes CISPA Bill Despite Privacy Concerns

Fri, 19 Apr 2013 21:54:10 +1000

The US House of Representatives has passed the controversial CISPA bill, though it now faces opposition from President Obama and the Senate

Judge denies $20 million severance to outgoing AMR chief

Fri, 12 Apr 2013 23:14:02 +1000

A judge has rejected a proposed severance package of nearly $20 million for Thomas Horton, the chief executive of American Airlines parent company AMR Corp , saying the payout wasn't allowed under federal bankruptcy law.

Libor Fixing Scandal: Japan Orders RBS to Overhaul Compliance

Fri, 12 Apr 2013 20:10:45 +1000

Japan’s Financial Services Agency orders the Tokyo-based unit to boost compliance over rate manipulation amid criminal charges.

Department of Justice balks at MF Global advisers' fees

Fri, 12 Apr 2013 11:21:02 +1000

The Department of Justice is objecting to about $1.85 million (1.2 million pounds) in professional fees in MF Global's wind-down, including more than $500,000 for the primary law firm that represents bankruptcy trustee Louis Freeh.

Analysis: Insider trading probe impact on KPMG expected to be short-lived

Fri, 12 Apr 2013 08:14:02 +1000

KPMG will suffer some financial and reputational damage from insider trading charges filed against a former senior audit partner, but significant legal liability for the firm was unlikely, said audit industry experts on Thursday.

U.S. charges ex-KPMG auditor in tips-for-cash scheme

Fri, 12 Apr 2013 04:35:03 +1000

Authorities on Thursday filed criminal and civil charges against a former KPMG senior auditor who is accused of passing non-public information about five of KPMG's corporate clients to a golfing buddy who traded on the tips.

U.S. to file charges soon in ex-KPMG auditor's case: source

Fri, 12 Apr 2013 03:07:02 +1000

U.S. authorities could file criminal charges against a former senior KPMG auditor and a friend who swapped insider tips on corporate clients of the international accounting firm for cash as soon as Thursday, a source familiar with the matter told Reuters.

London Finance Job Vacancies Rise on Risk Management and Compliance Demand

Thu, 11 Apr 2013 20:53:56 +1000

Pressure from regulators to increase risk management and oversight departments leads to 25% vacancy surge

KPMG Faces Misconduct and Conflict of Interest Claims

Wed, 10 Apr 2013 23:31:29 +1000

Auditor who signed off on collapsed HBOS reports also sacked US partner.

Apple, Google won't face poaching class action, for now

Sat, 06 Apr 2013 02:28:02 +1100

A federal judge will not allow a lawsuit accusing Apple Inc, Google Inc and other technology companies of conspiring not to poach each other's employees to proceed as a class action, but left the door open for affected workers to eventually sue as a group.

MF Global bankruptcy exit plan primed for court hearing

Fri, 05 Apr 2013 12:35:02 +1100

MF Global Holdings on Friday will seek court approval of a plan to liquidate its assets and repay creditors, signaling the final stages of its large and politically-charged bankruptcy.

Justice Department wants states to decide S&P lawsuits

Sat, 30 Mar 2013 08:42:02 +1100

The Department of Justice opposed Standard & Poor's efforts to move a spate of lawsuits charging the ratings agency with fraud to federal from state courts.

UPS to forfeit $40 million over illegal online pharmacy shipments

Sat, 30 Mar 2013 05:42:02 +1100

United Parcel Service Inc has agreed to forfeit $40 million it earned from illegal Internet pharmacies shipping drugs using its services, U.S. authorities said Friday.