News

A former hedge fund manager on Thursday sued U.S. law enforcement officials, including Manhattan U.S. Attorney Preet Bharara, claiming the government improperly raided his offices and destroyed his business as part of a widespread insider trading crackdown.

A federal judge on Thursday ordered Texas tycoon Sam Wyly and his late brother's estate to pay the U.S. Securities and Exchange Commission $299.4 million for engaging in securities fraud.

Google Inc has combined its two European regional divisions as it seeks to meet the challenges of tougher regulation across the continent, a source close to the company said on Thursday.