Law & Society

A federal jury ordered PNC Bank to pay $391 million in damages for its role in an alleged insurance scam involving prepaid funeral contracts at the now-defunct National Prearranged Services (NPS).

Galleon Group hedge fund founder Raj Rajaratnam and former Goldman Sachs Group Inc director Rajat Gupta are seeking to overturn penalties imposed against them for insider trading, citing a recent U.S. court decision that narrowed the definition of that offense.

A judge in the violent Mexican state of Michoacan has ordered that a jailed vigilante leader involved in a firefight late last year that killed 10 people should be freed, a spokeswoman for the state judiciary said on Monday.