Victims of Bernard Madoff's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court ruled on Friday, in a decision that could speed the return of more than $1 billion to the swindler's former customers.
The founder of coal company L&L Energy Inc was sentenced to five years in prison Friday for lying to U.S. regulators about who was operating the company and issuing shares to Chinese investors without disclosing the existence of a regulatory probe.
Sysco Corp (SYY.N) is not holding settlement talks with the U.S. government to resolve a lawsuit aimed at stopping a $3.5 billion merger of the food distributor and its largest rival, a lawyer for Sysco said on Friday.
Investigators at the U.S. Securities and Exchange Commission are on the lookout for violations such as poor risk controls or lax disclosures relating to hacking and other cyber breaches, a top SEC official said Friday.
