Halls of Justice

Steven Rattner, the founder of alternative investments firm Quadrangle Group, will accept a two-year ban from the securities industry to settle charges stemming from an alleged kickbacks scheme at New York’s largest public pension fund.

Bank of America is no doubt very glad that it lost its bid to move two hedge funds' lawsuit against Countrywide Financial Crop. from state court.

Ponzi schemer Paul Greenwood has sold his collection of rare teddy bears and stuffed toys for US$1.75 million.

Hedge fund manager Sean Mueller, who threatened to kill himself just a week before he was sued by Colorado regulators has bigger problems now.

Managed futures hedge fund manager John Henry is poised to add an English soccer team to his sports empire after a British court rejected private equity veteran Tom Hicks' bid to block the sale.

NIR Group, which faces a kickbacks probe itself, is denying any knowledge of a kickback scheme at Ingen Technologies.

Hedge fund R2 Investments is suing Citadel, alleging "a shocking display of corporate greed and dishonesty" and a "most egregious fraud."

A hedge fund manager who tried to fake his death to avoid justice for defrauding investors of hundreds of thousands of dollars has been sentenced to 10 years in prison.

It was a tale of two comptollers yesterday in New York, with the state's former comptroller pleading guilty in the state pension's pay-to-play scandal and his successor being cleared of wrongdoing in the same.

The Securities and Exchange Commission is looking into whether the CEO of Alaska Air Group passed inside information on to hedge fund Donald Smith & Co.