The lead prosecutor on pending criminal cases against two former JPMorgan Chase & Co traders involved in the "London Whale" scandal is leaving Manhattan U.S. Attorney Preet Bharara's office to join a prominent defense firm, according to a statement from the firm viewed by Reuters in advance of its public release.
Herbalife Ltd won preliminary court approval of its $15 million settlement of class-action litigation accusing the maker of weight loss and nutritional products of being a "pyramid scheme" that misleads distributors about how much money they can make.
Attendance has spiked at a Jacksonville art museum since the city council president last week denounced as pornographic a photograph showing a nude pregnant woman reclining on a love-seat.
A federal judge on Tuesday rejected Target Corp's bid to dismiss a lawsuit by banks seeking to recoup money they spent reimbursing fraudulent charges and issuing new credit and debit cards because of the retailer's late 2013 data breach.
