- SEC accuses KPMG partner, two others of insider trading
(Reuters) — U.S. securities regulators have accused a KPMG partner and two other individuals of insider trading on tips about three pending corporate mergers on which the accounting firm was providing advice.
- DuPont must pay punitive damages in Teflon-related lawsuit
(Reuters) — U.S.
- Insurance-linked securities issued to cover hurricane risks
Swiss Re Capital Markets Corp. said it has structured and placed the issuance of $100 million of insurance-linked securities by Laetere Re Ltd. on behalf of St. Petersburg, Florida-based United Property & Casualty Insurance Co.
- Changes to captive law ease state oversight
Legislation signed by North Carolina Gov.
- EEOC cites success in fighting systemic bias, targets arbitration clauses
The commission says that it has had a 94% success rate in pursuing systemic bias lawsuits during the last decade.
- Digital broker startup expands
San Francisco-based Embroker Inc. has opened a Chicago office, Embroker said in a Friday statement.
- Pension plan funding slumps in June
Hammered by a fall in interest rates, which boosted the value of plan liabilities, the funded status of very large pension plans sponsored by public companies slumped in June, according to a Milliman Inc. survey released Friday.
- St. Jude settles over heart devices
(Reuters) — St. Jude Medical Inc. has reached a $39.25 million class action settlement with shareholders to resolve claims it downplayed the possible dangers associated with a product used to connect implantable defibrillators to patients’ hearts.
- Harley-Davidson motorcycles under investigation for brake failure
NHTSA said it would investigate some motorcycles made by Harley-Davidson after complaints of brake failure without warning.