The US Supreme Court heard oral arguments Monday in two cases. In Republic of Argentina v. NML Capital Ltd. the court heard arguments on whether a hedge fund could subpoena banks for...
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The US Court of Appeals for the Second Circuit on Tuesday affirmed the insider trading conviction of former Goldman Sachs director Rajat Gupta. Judge Amalya Kearse rejected Gupta's claim that wiretap evidence should...
Federal appeals court overturns decision on debit card transaction fees
The US Court of Appeals for the District of Columbia Circuit on Friday overturned a lower court that struck down the Federal Reserve's cap on how much banks are permitted to charge businesses for debit...
The US Supreme Court agreed Friday to rule on seven cases. In Republic of Argentina v. NML Capital , the court will consider whether a hedge fund could subpoena banks for information about...
The US Supreme Court agreed Friday to rule on a a key software patent case. The question before the court in Alice Corporation Pty. Ltd. v. CLS Bank International is:...
Federal judge strikes down cap on debit card transaction fees
A judge for the US District Court for the District of Columbia on Wednesday struck down Regulation II (Debit Card Interchange Fees and Routing) of the Federal Reserve , which held that...
US authorities indict multi-billion dollar hedge fund for insider trading
The US Attorney for the Southern District of New York on Thursday filed a announced charges against SAC Capital Advisors , the hedge fund run by billionaire Steven Cohen . Although...
Federal appeals court upholds insider trading convictions of 3 former traders
The US Court of Appeals for the Second Circuit on Monday affirmed the 2011 convictions and sentences of three former Wall Street traders who were charged in a broad crackdown on insider trading which has...
Federal appeals court upholds hedge fund manager's conviction
The US Court of Appeals for the Second Circuit on Monday affirmed the conviction of Galleon Group founder Raj Rajaratnam , rejecting his argument that wiretap evidence was used improperly to convict him....
Brother of imprisoned hedge fund manager pleads not guilty to insider trading
Rengan Rajaratnam, younger brother to former Galleon Group hedge fund manager Raj Rajaratnam , on Monday pleaded not guilty to charges of conspiring with his brother to trade on non-public information concerning Clearwire Corporate and Advanced...