Lubrizol Corp., which agreed last month to be bought by Berkshire Hathaway Inc., expanded its disclosure to regulators to show that David Sokol purchased stock after he was told the company’s board would be notified of the takeover interest.
BusinessWeek.com — Finance
On Feb. 14, 2008, the Office of the Comptroller of the Currency sent a seven-page letter to Citigroup Inc.’s chief executive, Vikram Pandit, summarizing the results of a special supervisory review its bank examiners had recently concluded.
BusinessWeek.com — Finance
Citigroup Inc.’s Citibank ignored warning signs of Bernard L. Madoff’s Ponzi scheme, and a bank executive knew the con man’s stated trading strategy couldn’t generate the reported returns, the trustee liquidating Madoff’s firm said in a lawsuit.
BusinessWeek.com — Finance
In a novel extension of the legal concept of willful blindness, says one expert, Irving Picard is pursuing clawbacks from JPMorgan and the Mets owners
BusinessWeek.com — Finance
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