more stories

Upmarket Madoff yachts set for auction

Business | Lawsuits and scandals
2009-11-18

A VINTAGE 16.7-meter yacht named "Bull" and two smaller boats that once belonged to imprisoned financier Bernard Madoff are headed for the auction block. An even bigger yacht once owned by Madoff's right-hand...

---

Brisk offers for Madoff items

Business | Lawsuits and scandals
2009-11-16

ITEMS that used to belong to fallen financier Bernard Madoff and his wife, Ruth, fetched several times their estimated values at auction on Saturday for a total of about US$1 million, twice as much as the auctioneers...

---

Cathay Pacific loses labor suit

Business | Lawsuits and scandals
2009-11-12

A HONG Kong court ruled yesterday Cathay Pacific Airways Ltd unfairly fired 18 pilots amid a labor dispute in 2001 and ordered the airline to pay their former staff nearly US$8 million. The ruling is a blow to...

---

EU fines 10 firms for price fixing

Business | Lawsuits and scandals
2009-11-12

EUROPEAN Union regulators yesterday jointly fined Akzo, Ciba, Elf Aquitaine and seven others 173 million euros (US$259 million) for fixing the price of plastic additives. Ciba was fined 68.4 million euros, Akzo...

---

Thomson Reuters faces EC questions

Business | Lawsuits and scandals
2009-11-11

EUROPEAN Union anti-trust regulators launched an investigation yesterday into news and financial data publisher Thomson Reuters' use of its real-time market data feed, saying it might block users moving to rival...

---

Probe nets 3 fund managers

Business | Lawsuits and scandals
2009-11-7

THREE fund managers are suspected of insider trading after the Shenzhen branch of China's stock regulator started an investigation as part of its battle on securities-related crimes. The Shenzhen branch of the...

---

New York sues Intel for alleged bullying tactics

Business | Lawsuits and scandals
2009-11-6

NEW York's attorney general hit Intel Corp with an antitrust lawsuit on Wednesday, claiming the company used "illegal threats and collusion" to dominate the market for computer microprocessors. Following a similar...

---

Madoff says SEC sees no Ponzi scheme

Business | Lawsuits and scandals
2009-11-2

BERNARD Madoff was apparently convinced that it never even occurred to Securities and Exchange Commission staff he was running a Ponzi scheme, despite the agency's numerous probes of his business. A document released...

---

Call to protect copyright of writers

Business | Lawsuits and scandals
2009-10-21

CHINESE writers have been urged to protect their copyrights against Google's infringement when it put their books on its massive online digital library, before a United States court hold hearings on the Internet giant's...

---

More May Be Charged

Business | Lawsuits and scandals
2009-10-21

FOLLOWING hedge fund founder Raj Rajaratnam's arrest, United States federal investigators are poised to bring further "significant" hedge fund cases. The targets will include financial professionals also involved...

---

Fashion icon faces 'furious' city firm

Business | Lawsuits and scandals
2009-10-19

A LEGAL war is brewing between a Shanghai firm and Pierre Cardin, the international fashion giant. Shanghai Century Star Imp & Exp Corp reached an agreement in June with Pierre Cardin, the 87-year-old founder of...

---

Wizards settles 2 copyright lawsuits

Business | Lawsuits and scandals
2009-10-19

TWO of eight people accused in lawsuits of illegally distributing Dungeons & Dragons handbooks over the Internet have settled, and the maker of the pioneering role-playing game is seeking a default judgment against...

---

US charges billionaire Rajaratnam with insider trading

Business | Lawsuits and scandals
2009-10-17

BILLIONAIRE hedge fund founder Raj Rajaratnam and executives from some of the most prestigious US companies were charged yesterday with the largest hedge fund insider-trading scheme ever. Investigators said they...

---

Police raid E&Y in Akai probe

Business | Lawsuits and scandals
2009-10-1

POLICE raided the Hong Kong offices of accounting and auditing giant Ernst & Young as part of a fraud investigation linked to the city's biggest corporate collapse. New York-based Ernst & Young, one of the Big...

---

Bank acts over Acorn housing scandal

Business | Lawsuits and scandals
2009-9-29

BANK of America Corp has suspended its current commitments to Acorn Housing, an affiliate of the Association of Community Organizations for Reform Now (Acorn), a scandal-hit United States liberal grassroots group,...