Dec 25, 2014/Bloomberg Bank of America Corp. maliciously fired a distressed-debt banker to deprive her of a bonus, a Hong Kong judge ruled, awarding Sunny Tadjudin $500,000 after a seven-year legal battle. Tadjudin’s manager, John Liptak, was determined to fire her despite her improvement in a performance plan, and his […]
Frauds & Scandals
MF Global Holdings to pay $100 mln fine in CFTC settlement
Wed Dec 24, 2014/Reuters The U.S. Commodity Futures Trading Commission said on Wednesday it had fined MF Global Holdings Ltd for wrongdoing during the collapse of the futures brokerage, but will continue its lawsuit against the firm’s former chief, Jon Corzine. A federal judge in Manhattan approved a settlement in […]
Alstom to Pay Record $772 Million in U.S. Bribery Settlement
Dec 22, 2014/Bloomberg Alstom SA (ALO) pleaded guilty and agreed to pay a record $772 million to end a U.S. Justice Department investigation into bribes paid to win power-plant contracts in Indonesia and the Middle East. U.K. authorities also charged another unit today for paying bribes in Lithuania. The U.S. […]