Adding to the glut of scandals hitting the Obama administration in recent days is a new report from the Washington Post. According to the piece, Justice Department officials secretly obtained information about a Fox journalist’s conversations and their visits in an investigation into a possible leak. The case, which centers on Fox journalist James Rosen, is about a government adviser that was accused of leaking information relating to a 2009 story about North Korea....
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United States Senator, Ron Wyden, chairman of the Senate Committee on Energy asked the Department of Justice (DOJ) to participate in the investigation of the European Commission (EC) in connection with the alleged oil price manipulation in Europe, according to a report from Simon Falush and Timothy Gardner of Reuters. Sen. Ron Wyden, chairman of the Senate Committee on Energy and Natural Resources asked the DOJ to find out if the alleged price manipulation...
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In a recent set of court filings made public, the United States Department of Justice ratted out Apple Inc. (NASDAQ:AAPL) for conspiring with five major publishing houses in the U.S. to raise eBook prices in the iBookstore. The Department of Justice filed the first amended complaint earlier this year in January. In one of the more recent DOJ filings from April 26th (which was made available on Tuesday) claims were made that Apple Inc. (NASDAQ:AAPL) violated...
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Anheuser-Busch InBev NV (NYSE:BUD) (EBR:ABI) reached a final settlement agreement with the United States Department of Justice (DOJ), regarding the anti-trust lawsuit filed against it in connection with its proposal to acquire the remaining 50 percent stake in Grupo Modelo SAB de CV (PINK:GPMCF) for $20.1 billion. Based on the agreement, Anheuser-Busch InBev NV (NYSE:BUD) (EBR:ABI) is required to sell its Piedras Negras brewery. Constellation Brands, Inc. (NYSE:STZ) will purchase the brewery to make Corona beers...
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In the 13D filed with SEC on Feb 14, Carl Icahn made a couple of harmless remarks about Herbalife Ltd. (NYSE:HLF) including, The Reporting Persons intend to have discussions with management of the Issuer regarding the business and strategic alternatives to enhance shareholder value, such as a recapitalization or a going-private transaction. New information reported by CNBC’s Jane Well says that KPMG’s partner said in an email to his friend that, ” Herbalife was going private”. ...
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Bingham McCutchen partner Nathan Hochman spoke with FOX Business Network’s (FBN) Liz Claman about the insider trading case involving his client, Bryan Shaw, and former KPMG senior partner Scott London. Hochman discussed whether he believes Mr. Shaw will go to jail for receiving insider trading tips from London, saying, “We hope it will take into account his cooperation, but to date we have no agreements with either the SEC or the Department of...
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KPMG senior partner Scott London gave insider information to his friend, Los Angeles jeweler Bryan Shaw, about shoemaker Deckers Outdoor Corp (NASDAQ:DECK) and that London “apparently tipped Shaw off on at least two mergers and acquisitions, one involving a company called Pacific Capital Bancorp merger in March of last year” reports FOX Business Network’s (FBN) Liz Claman. Claman also reports that, “Shaw has been cooperating with the Feds since January by wearing a wire and...
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The Federal Bureau of Investigation (FBI) and Justice Department are not investigating KPMG, “the entity in and of itself” for insider trading tied to Herbalife Ltd. (NYSE:HLF), but that their efforts are focusing on the firm’s partner Scott London, who “is being investigated” for his activities according to a new report from FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports. Excerpts from the report are below. On whether the FBI and Justice Department...
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Fraud is becoming an increasing concern on Wall Street these days, especially after a recent survey highlighted just how big of a problem it really is. But while the problem may be worsening, this isn’t a new story. A similar survey conducted by the same group last summer had similar results—except the percentages are slightly larger this time around. Now a well-known investor is weighing in on the concerns about fraud on Wall Street....
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Microsoft Corporation (NASDAQ:MSFT) has come under the watchful eyes of U.S. regulators according to a story from the Wall Street Journal. The computer giant and some of its business partners allegedly bribed foreign government officials in return for software contracts, and U.S. regulators are attempting to test the veracity of those claims. According to sources cited by the Wall Street Journal, the case is currently in a preliminary phase, and no accusations have been...
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The federal judge presiding over the e-book antitrust lawsuit filed by the United States government against Apple Inc. (NASDAQ:AAPL) issued a ruling on Wednesday obliging the tech giant’s chief executive office, Tim Cook to testify in court, according to report from Reuters. Judge Denise Cote of the U.S. Southern District Court of New York approved the request of the Department of Justice (DOJ) to compel Cook to testify for four hours in connection with...
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