Reuters reported that Michael Woodford, ousted as head of Japanese camera and medical equipment maker Olympus, won a likely multi-million dollar settlement of his claim for unfair dismissal. read more

MAY 30, 2012 - 7:20 am

Bloomberg reported that an appeals court has reinstated a $500 million malpractice claim against K&L Gates ruling that the law firm must face a lawsuit over the collapse of Le-Nature's after a lower court's dismissal in December 2010. read more

MAY 17, 2012 - 8:30 am

The U.S. Department of Justice said a federal jury in NYC convicted three former executives of GE Funding Capital Market Services for their role in a bid-rigging conspiracy the government says deprived municipalities of competitive investment returns. read more

MAY 14, 2012 - 8:56 am

The Lancaster Intelligencer Journal reported that sentencing for five defendants in the Equipment Finance Inc. fraud case has been delayed from next week to September. read more

MAY 2, 2012 - 7:35 am

The Pittsburgh Post-Gazette reported that the son and wife of former Le-Nature's CEO Gregory J. Podlucky were sentenced to nine and four years in prison, respectively, ending the criminal cases associated with the Latrobe beverage maker's collapse. read more

APR 27, 2012 - 7:20 am

The Wall Street Journal is reporting that AIG is suing Steven Udvar-Hazy, former chief executive of its ILFC aircraft leasing business, Air Lease and former executives who previously worked at ILFC, alleging theft of trade secrets. read more

APR 25, 2012 - 7:35 am

Attorney General Eric T. Schneiderman announced a lawsuit against Northern Leasing Systems and its affiliates alleging that they fraudulently siphoned millions of dollars from their former customers. read more

APR 24, 2012 - 7:30 am

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The Pittsburgh Tribune-Review reported the attorney for Karla Podlucky, wife of Le-Nature's former CEO, said because of her fundamentalist Christian beliefs, she never doubted that her husband's purchase of $33 million worth of gems and jewelry was the result of business success rather than fraud. read more

APR 23, 2012 - 8:30 am

The Pittsburgh Post-Gazette reported that federal prosecutors asked for court approval of the seizure of nearly $1.4 million held by Ligonier's Podlucky family, which once controlled the bankrupt bottler Le-Nature's. read more

APR 20, 2012 - 8:20 am

The Lancaster Intelligencer Journal reported that Harold W. Young, president of an Alabama-based insurance company, pleaded guilty to one count of wire fraud affecting a financial institution for his role in the EFI loan fraud. read more

APR 12, 2012 - 8:05 am

Bloomberg reported that accounting firm BDO Seidman settled investor claims over a $285 million loan made to Le-Nature's before the drink maker went bankrupt in 2006, citing a court filing. read more

APR 12, 2012 - 8:00 am

The Lancaster Intelligencer Journal reported that Joseph M. Braas, Equipment Finance Inc.'s SVP and COO, will testify against two of his former employees at their loan fraud trial in Philadelphia. read more

APR 10, 2012 - 8:25 am

The Huffington Post reported that a federal judge has ordered Wells Fargo to pay $3.1 million in punitive damages for "highly reprehensible" behavior over more than five years of litigation with a single homeowner. read more

APR 10, 2012 - 8:15 am

The Lancaster Intelligencer Journal reported that a former Equipment Finance Inc. employee wants taxpayers to pick up his anticipated $1,500 tab for traveling to his upcoming trial in Philadelphia. read more

MAR 30, 2012 - 8:20 am

Bank of America, as successor to Countrywide, won dismissal of a lawsuit filed by investors in mortgage-back bonds claiming the bank should buy back defective loans underlying more than $1 billion in securities. read more

MAR 30, 2012 - 8:05 am