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Jul 11, 2012

Libor price fixing case is getting work for lawyers

NEW YORK, July 11 (Reuters) – More than a dozen current and
former employees of several large banks under investigation for
allegedly trying to manipulate benchmark interest rates have
hired defense lawyers over the past year, according to people
familiar with the matter.

The individuals, some whom were employed in either New York
or London by Barclays, UBS and Citigroup, have retained lawyers
as a federal grand jury in Washington, D.C. gathers evidence for
potential criminal charges, these people said.

Jul 2, 2012

Insight: Green Mountain’s coffee distributor brews controversy

NEW YORK (Reuters) – A U.S. Securities and Exchange Commission investigation into the accounting practices of Green Mountain Coffee Roasters is casting a spotlight on M. Block & Sons, a little-known consumer products distributor.

The 18-month Green Mountain probe marks the third time in a dozen years that securities regulators have looked at the accounting practices of a company that used Chicago-based M. Block to store and help deliver its products to major retailers.

Jul 2, 2012

Green Mountain’s coffee distributor brews controversy

NEW YORK, July 2 (Reuters) – A U.S. Securities and Exchange
Commission investigation into the accounting practices of Green
Mountain Coffee Roasters is casting a spotlight on M. Block &
Sons, a little-known consumer products distributor.

The 18-month Green Mountain probe marks the third time in a
dozen years that securities regulators have looked at the
accounting practices of a company that used Chicago-based M.
Block to store and help deliver its products to major retailers.

Jun 21, 2012

SAC Capital’s Cohen questioned by SEC investigators

BOSTON/NEW YORK (Reuters) – The U.S. government is again shining the spotlight on hedge fund titan Steven A. Cohen amid a high-profile campaign to root out improper trading on Wall Street.

Cohen, whose $14 billion SAC Capital ranks as one of the world’s biggest and most successful hedge funds, was recently deposed by investigators from the U.S. Securities and Exchange Commission, according to two people with knowledge of the matter who said they were not permitted to speak about it publicly.

Jun 20, 2012

Insight: Ex-Orioles player Eddie Murray is part of insider trading inquiry

NEW YORK (Reuters) – Hall of Fame baseball player Eddie Murray is one of several former professional athletes under investigation by federal authorities in a U.S. insider trading case stemming from the buyout of a medical device company, people familiar with the three-year-old probe said.

Federal prosecutors and securities regulators are trying to determine whether Murray, a star slugger for the Baltimore Orioles, traded on inside information that Abbott Laboratories was about to announce a deal in January 2009 to acquire Advanced Medical Optics for $2.8 billion, the sources said.

Jun 20, 2012

Ex-Orioles player Eddie Murray is part of insider trading inquiry

NEW YORK, June 20 (Reuters) – Hall of Fame baseball player
Eddie Murray is one of several former professional athletes
under investigation by federal authorities in a U.S. insider
trading case stemming from the buyout of a medical device
company, people familiar with the three-year-old probe said.

Federal prosecutors and securities regulators are trying to
determine whether Murray, a star slugger for the Baltimore
Orioles, traded on inside information that Abbott Laboratories
was about to announce a deal in January 2009 to acquire
Advanced Medical Optics for $2.8 billion, the sources said.

Jun 8, 2012

Insider trading probe swings from bankers to ballplayers

NEW YORK, June 7 (Reuters) – Federal authorities are moving
from the skyscrapers of Manhattan to the clubby world of retired
baseball players in California to uncover the next insider
trading ring.

An ongoing insider trading investigation by U.S.
prosecutors in Los Angeles is focusing on a retired, well-known
baseball player and several other former athletes whose names
have not yet been disclosed, said two people familiar with the
situation.

Jun 7, 2012

Exclusive: Insider trading probe swings from bankers to ballplayers

NEW YORK (Reuters) – Federal authorities are moving from the skyscrapers of Manhattan to the clubby world of retired baseball players in California to uncover the next insider trading ring.

An ongoing insider trading investigation by U.S. prosecutors in Los Angeles is focusing on a retired, well-known baseball player and several other former athletes whose names have not yet been disclosed, said two people familiar with the situation.

Jun 4, 2012

CFTC could look at hedge funds in JPMorgan review

NEW YORK (Reuters) – As regulators investigate JPMorgan Chase & Co’s more than $2 billion trading loss, one former official said it was worth thinking about whether hedge funds trading with the bank in an illiquid derivatives market could fall under scrutiny.

A source close to the matter said on Friday the Commodity Futures Trading Commission had subpoenaed JPMorgan for information relating to the multibillion-dollar loss on a series of trades on indexes of credit-default swaps.

May 30, 2012

Court papers show SEC’s Green Mountain probe isn’t over

NEW YORK (Reuters) – The SEC’s 18-month investigation of Green Mountain Coffee Roasters (GMCR.O: Quote, Profile, Research, Stock Buzz) isn’t finished, with revenue recognition among the items under the feds’ microscope, a review of court documents shows.

The transcript from a hearing in January sheds some more light on the nature of the SEC inquiry, which is a hot topic of debate for bulls and bears on the once high-flying stock.

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