Luzerne County sits in the heart of northeastern Pennsylvania; Wilkes-Barre is the county seat, a hardscrabble, blue-collar city struggling in this latest recession.
Some law firms could face liability for advising clients who lost money with Bernard Madoff, according to a Massachusetts state official.
A federal judge in Ohio sentenced a missing executive on Friday to 25 years in prison for her role in a $1.9 billion corporate fraud.
Allen Stanford, accused by U.S. regulators of an $8 billion Ponzi scheme, is in talks with a Houston criminal attorney who is assembling a group of lawyers to represent the billionaire Texan.
CityCenter, an $8 billion Las Vegas project owned by MGM Mirage (MGM.N) and Dubai World DBWLD.UL, is considering filing for bankruptcy, two sources familiar with the matter said on Friday.
U.S. consumer spending rose for a second straight month in February, while incomes reversed the previous month´s gains, government data showed on Friday.
Secretary of State Hillary Rodham Clinton, on a two-day visit to Mexico, accepts that the U.S. market for narcotics and a cross-border trade in U.S. guns contribute to Mexico´s drug violence.
Barack Obama, the US President, is to appoint Louis Susman as his American ambassador in London, Mandrake has been told.
A jury took just 45 minutes to acquit a chef wrongly accused of raping a lawyer who claimed she was took drunk to give her consent.
Treasury Secretary Timothy Geithner unveiled on Mar. 26 details of the Obama Administration´s proposals to strengthen regulation in the financial sector, including new oversight of hedge funds and derivative financial products such as credit default swaps.
Garth Drabinsky and Myron Gottlieb, founders of the collapsed theater producer Livent Inc., were convicted of a C$500 million ($407 million) fraud a decade after Canadian police began a probe into the company’s finances.
Anheuser-Busch InBev NV, the world’s largest brewer, lost a European Union court ruling over a bid to extend its rights to the Budweiser name across the region in a century-old dispute with Budejovicky Budvar NP.
Ted Olson sang a different tune today in the Supreme Court than the one he carried just six years ago. Back then, as the solicitor general in the Bush Administration, he was defending the McCain-Feingold campaign finance law against a sweeping attack.
A week after Bernard Madoff pleaded guilty to a $65 billion Ponzi scheme, his lawyers were back in court to appeal a federal judge´s decision to jail their client before sentencing. The appeals panel told Madoff it needs more time to consider the matter and he remains in jail—exactly where he belongs, most people would probably say.
David Cameron has promised to bring "law and order" to Britain´s financial markets and replace Gordon Brown´s failed regulatory system.
France on Tuesday offered for the first time to compensate victims of its nuclear tests almost half a century after the first explosion and following decades of pressure from victims who were exposed to radiation.
In early December, Juliet Weybret, a high school sophomore and aspiring rock star from Lodi, Calif., recorded a video of herself playing the piano and singing "Winter Wonderland," and she posted it on YouTube.
U.S. stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and driving double-digit gains in financial shares.
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