Search Results for: US Justice Department
Goldman Sachs:2015 Annual and Fourth Quarter Results
January 21st, 2016
Bank’s trading revenue drops 9%, while investment banking is a bright spot Goldman Sachs Group Inc. predicted that this month’s stock-market swoon wouldn’t derail a merger boom that proved one of the bright spots in a lackluster quarter for the Wall ...
Volkswagen faces shareholder claims over emissions scandal
January 19th, 2016
Dozens of large shareholders in Volkswagen (VOWG_p.DE) plan to sue the carmaker in a German court, seeking compensation for the plunge in its shares due to its emissions test cheating scandal. Law firm Nieding + Barth said on Monday ...
HMRC admits to winding up inquiry into HSBC tax evasion claims
January 14th, 2016
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s ...
Mergers: Commission opens in-depth investigation into acquisition of oilfield service provider Baker Hughes by Halliburton
January 13th, 2016
The European Commission has opened an in-depth investigation to assess whether the proposed acquisition of oilfield service supplier Baker Hughes by rival Halliburton would impede effective competition in breach of the EU Merger Regulation. Both companies are US-based. Commissioner ...
Four London-based traders are being investigated by DoJ for possible manipulation
January 7th, 2016
DoJ investigates bond traders over market-rigging “What is Bond: A name for debt which is issued for a specified period of time. Depending the terms of the Bond, the issuer owes the holder/s a debt, and is obliged to pay ...
United States Files Complaint Against Volkswagen, Audi and Porsche for Alleged Clean Air Act Violations
January 5th, 2016
The Department of Justice, on behalf of the Environmental Protection Agency (EPA), today filed a civil complaint in federal court in Detroit, Michigan, against Volkswagen AG, Audi AG, Volkswagen Group of America Inc., Volkswagen Group of America Chattanooga Operations ...
China and Clinton Agree: Traders Should Pay for Canceled Orders
December 30th, 2015
CSRC rule proposals seen taking effect in as early as 2016 Proposal to levy fees on high cancel rates echoes Clinton plan Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the ...
Morgan Stanley Agrees to Pay $225 Million to Settle NCUA’s Claims
December 11th, 2015
Most Recent Settlement Resolves Cases in New York and Kansas Federal Courts The National Credit Union Administration today announced a settlement with Morgan Stanley for $225 million to resolve claims arising from losses related to corporate credit unions’ purchases ...
VW Scandal: Top law firms competing for lead assignment in expected multibillion-dollar case
December 3rd, 2015
Top law firms competing for lead assignment in expected multibillion-dollar case Lawyers from across the country will descend Thursday on a courthouse in New Orleans to jockey for a potentially lucrative assignment: a role in the massive consumer-fraud litigation facing Volkswagen AG over ...
Deutsche Bank’s Swiss Unit to Pay $31 Million in Tax Case
November 27th, 2015
U.S. has reached non-prosecution deals with 57 Swiss banks Firms have paid a total of $570.4 million in tax accords Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe ...
