Securities
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Prosecutors urged a New York federal court Wednesday to reject a bid for compassionate release from prison lodged by notorious Ponzi scammer Bernie Madoff, who says he is expected to die soon because of complications from kidney failure… Read this piece in its entirety at Law360.
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A Massachusetts federal judge tossed a proposed class action by a T-Mobile USA Inc. employee who accused the manager of the company’s 401(k)plan, Fidelity, of operating a so-called pay-to-play scheme in violation of the Employee Retirement Income Security Act, with the judge finding the worker couldn’t show the companies acted like fiduciaries… Read this piece
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After nearly a decade as a fugitive from American authorities, a former executive for Netherlands-based Martinair Holland NV has pled guilty to federal criminal charges related to her role in an international air-cargo price-fixing ring, the U.S. Department of Justice announced Thursday… Read this piece in its entirety at Law360.
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Stockholders suing pharmaceutical distributor McKesson Corp. told a Delaware Chancery Court judge Thursday they had reached a $175 million settlement to resolve claims the company’s board failed in its oversight of opioid sales even after incurring millions in fines for previous compliance failures… Read this piece in its entirety at Law360.
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A New York federal judge approved a $286.5 million deal to end derivative claims in a case involving allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties, though a $23 million request for attorney fees remains undecided… Read this piece in its entirety at Law360.
Mike LaSusa 