McDonald’s loses eight-year trademark battle against Malaysian restaurant McCurryPUTRAJAYA, Malaysia — U.S. fast food giant McDonald’s lost an eight-year trademark battle to prevent local restaurant McCurry from using the ‘Mc’ prefix in a precedent-setting judgment by Malaysia’s highest court. Dish to pay TiVo $200 mln for violating injunction on technology that rewinds, pauses live TVA federal judge on Friday ordered Dish Network Corp. and sister firm EchoStar Corp. to pay TiVo Inc. about $200 million for violating a permanent injunction on using a modified technology that can rewind and pause live TV. Former Mets pitcher Jerry Koosman sentenced in Wisconsin to 6 months in prison for tax evasionMADISON, Wis. — A federal judge on Thursday sentenced former major league pitcher Jerry Koosman to six months in prison for not paying his taxes. SEC badly bungled probes of Madoff scheme, agency watchdog says _ incompetence, not corruptionWASHINGTON — Pushing past years of “red flags,” investigators at the Securities and Exchange Commission bungled their probes of Bernard Madoff so badly that his multibillion-dollar fraud not only flourished but he used the exams to suck in new investors, an agency watchdog declared Wednesday. SEC inspector general finds agency mishandled its probes of Madoff despite ample warningsWASHINGTON — The watchdog of the Securities and Exchange Commission has found the agency consistently mishandled its five investigations of Bernard Madoff’s business, despite ample complaints over 16 years about the multibillion-dollar fraud. NY prosecutors level new fraud allegations against high-profile Democratic fundraiserNEW YORK — Prosecutors have leveled new allegations against a wealthy fundraiser for Hillary Clinton and other top Democrats, claiming he paid back a $74 million fraudulent loan by deceiving a second bank. Federal prosecutors won’t dismiss charges against former Alaska lawmakers in corruption caseANCHORAGE, Alaska — Federal prosecutors have decided against dismissing charges against two former Alaska lawmakers who say their corruption convictions in a bribery case resulted from prosecutorial misconduct. Ex-Stanford exec plea deal reveals new details about alleged $7 billion fraudHOUSTON — The former finance chief for jailed Texas financier R. Allen Stanford said his boss created a business empire where blood oaths were taken to secure loyalty, bribes were paid from a secret Swiss bank account and investor profits were more fiction than financial genius. Jailed financier Stanford taken to hospital, ex-CFO Davis pleads guilty in massive fraudHOUSTON — Texas financier R. Allen Stanford, jailed on charges of bilking investors out of $7 billion, was hospitalized Thursday with an irregular heartbeat and high pulse, just hours before his ex-finance chief became the first person to plead guilty in the case. Prominent Democratic fundraiser leaves jail for house arrest in his $20M NYC apartmentNEW YORK — A prominent fundraiser for President Barack Obama, Hillary Rodham Clinton and other top Democrats left jail Wednesday for his $20 million Manhattan apartment, where he will remain under house arrest. NY investment banker and prominent fundraiser charged with fraud leaves jail for his $20M homeNEW YORK — A prominent fundraiser for President Barack Obama, Hillary Rodham Clinton and other top Democrats has left jail for his $20 million Manhattan apartment. Investment banker who worked as Clinton fundraiser accused of faking documents for $74M loanNEW YORK — An investment banker who has served as a key fundraiser for Bill and Hillary Clinton and other top Democrats was arrested Tuesday on charges he lied to Citibank to get a $74 million loan. German professors concerned that Ph.D. bribe scheme could undermine academic processBERLIN — An investigation of German professors suspected of accepting bribes to advise doctoral candidates could last months, as prosecutors try to untangle the links between a bankrupt consulting firm and university instructors across the country. Calif. hedge fund manager pleads guilty to investment fraud, cheating family out of $25MLOS ANGELES — The founder and manager of two Beverly Hills hedge funds has pleaded guilty to federal fraud charges. California man accused of cheating state workers compensation fund out of $1.4 millionLOS ANGELES — A Southern California man was charged with insurance fraud Wednesday on accusations that he bilked the state’s workers compensation fund out of $1.4 million. Judge upholds Merck patent on blockbuster allergy drug Singulair, protecting sales till 2012TRENTON, N.J. — The patent for Merck & Co.’s blockbuster allergy and asthma drug is valid, a federal judge ruled Wednesday, handing the drugmaker a crucial victory in its 2 1/2-year legal battle to block a rival from selling a cheaper generic version. Ex-Stanford adviser: SEC was warned of shady dealings 5 years before firm was shut downBATON ROUGE, La. — A former financial adviser with R. Allen Stanford’s financial company told a U.S. Senate panel on Monday that she warned the Securities and Exchange Commission about the firm’s hawking of shady investments five years before it closed the firm and accused the Texas billionaire of running a Ponzi scheme. Federal gov’t won’t appeal shorter sentence for ex-Qwest CEO Joe NacchioDENVER — The Department of Justice will let stand a federal court decision ordering a shorter prison sentence for ex-Qwest CEO Joe Nacchio, who was sentenced to six years for insider trading. Department of Justice won’t appeal shorter sentence for ex-Qwest CEO NacchioDENVER — The Department of Justice will let stand a federal court decision ordering a shorter prison sentence for ex-Qwest CEO Joe Nacchio, sentenced to six years for insider trading. UBS clients charged so far in US used foreign shells to hide income from IRSMIAMI — Wealthy American clients of Swiss bank UBS AG used sham corporations set up in havens from Hong Kong to the British Virgin Islands as part of their efforts to evade U.S. taxes, according to documents filed in Florida and California court cases. Book: Investor says she was not only victim of Madoff’s fraud, but also his lover for 20 yearsNEW YORK — A new book says that an investor who claims she was devastated by Bernard Madoff’s multibillion-dollar Ponzi scheme had a two-decade affair with the disgraced financier. SEC, worried about runaway receiver, is opposing man it recommended for Stanford caseDALLAS — The attorney supposed to clean up what the government says was Texas businessman R. Allen Stanford’s multibillion-dollar Ponzi scheme is managing to anger just about every party involved in the case. South Korean court finds ex-Samsung chairman guilty of breach of trust over bond dealSEOUL, South Korea — A Seoul court ruled Friday that former Samsung Chairman Lee Kun-hee was guilty of breach of trust and handed him a suspended prison sentence in another legal blow to the South Korean tycoon. Operator of ship that caused San Francisco Bay oil spill pleads guilty to criminal chargesSAN FRANCISCO — The Hong Kong-based company that operates the cargo ship that caused a 2007 oil spill in San Francisco Bay pleaded guilty Thursday to criminal charges. Disappearance of Russian-manned cargo ship in Atlantic draws investigators across EuropeMOSCOW — The disappearance of a Russian-manned cargo ship in the Atlantic more than two weeks ago spawned a variety of theories and intriguing reports Thursday as the search drew in investigators from across Europe. Judge dismisses lawsuit against bankrupt Brooke Corp. that accused insurer of racketeeringKANSAS CITY, Kan. — A federal judge has dismissed a lawsuit accusing bankrupt Brooke Corp. and its financing arm of racketeering and fraud, saying the claims are not specific enough. Indonesian tribe files lawsuit against mining company Freeport, claiming rights abusesJAKARTA, Indonesia — Lawyers claiming to represent an Indonesian tribe have filed a lawsuit against U.S. mining company Freeport, demanding $30 billion in damages for unspecified environmental and human rights violations, court officials and a media report said Friday. Federal judge approves expansion of Smoky Canyon phosphate mine into roadless areaBOISE, Idaho — An environmental group promises to appeal a federal ruling that on Tuesday approved the expansion of a phosphate mine into a roadless area near Yellowstone National Park. Judge: Receiver in Allen Stanford $7B Ponzi scheme case can only go after investment interestDALLAS — A federal judge ruled Friday that a court-appointed receiver who took over companies run by Texas billionaire R. Allen Stanford can recover only the interest — not the principal — on investments that federal prosecutors say fed a multibillion-dollar Ponzi scheme. Jury to decide damages after BU student admits ‘I did it’ in music-download trialBOSTON — A federal judge has ruled that a Boston University student violated copyright laws when he swapped music online, paving the way for a jury to begin considering damages Friday. |
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