On top of all this, IBMhas had to contend with a litany of legal troubles of the sort that corporate giants are prey to, including an investigation by the Securities & Exchange Commission, the indictment of executives in SouthKorea for bribery and bid-rigging, lawsuits from two software makers (Compuware and SCO) claiming IBM stole their code and lawsuits from angry pensioners.
On top of all this, IBM has had to contend with a litany of legal troubles of the sort that corporate giants are prey to, including an investigation by the Securities & Exchange Commission, the indictment of executives in South Korea for bribery and bid-rigging, lawsuits from two software makers (Compuware and SCO) claiming IBM stole their code and lawsuits from angry pensioners.
NEWS RELEASE Private Equity Firms to Seek Dismissal of Bid-Rigging Lawsuit | Bain Capital, Goldman Sachs, the Blackstone Group, the Carlyle Group and others are scheduled to "defend what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers," Bloomberg News reports.
The world's biggest banks won a major victory on Friday when a judge dismissed a "substantial portion" of the claims in private lawsuits accusing them of rigging global benchmark interest rates.
Marsh agreed in 2005 to pay $850 million to settle a lawsuit by Mr. Spitzer that accused the company of rigging prices and steering business to insurers in exchange for kickbacks.
JPMorgan Chase & Co has become the first bank to settle a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5trn-a-day foreign exchange market.
Worse, Congress has its sights on the industry.On June 28th the Senate Judiciary Committee held hearings on hedge funds spurred by a series of lawsuits alleging that some funds were involved in rigging markets.
He also accuses Kintera which denies the charges of rigging the search results at Google to make a Web page on the lawsuit pop up high on the listings when someone looks up "Convio".
Barclays also faces more U.S. lawsuits after a record 290 million pound ($455.3 million) fine last month for rigging the Libor interest rate benchmark, sparking fierce criticism about its culture and risk-taking.
New York-based lawyer Brian Murray has filed a lawsuit on behalf of investors in Alaska, Wyoming and 20 other states, claiming that Libor rigging violated those states' antitrust laws, Reuters reports.
He has gathered damaging information for lawsuits and public awareness campaigns about Karl Rove's alleged behind-the-scenes role in rigging elections and voting machine results.
