News from October 2012
SEC charges hedge fund advisors with fraud
WASHINGTON (Legal Newsline) - To hide losses and increase fees from investors, a former $1 billion hedge fund advisory firm and two executives schemed to overvalue assets and exaggerate reported returns of hedge funds, according to the Securities and Exchange Commission.
CFTC, Farr Financial reach agreement
WASHINGTON (Legal Newsline) - The Farr Financial Inc. of San Jose, Calif., has agreed to pay a $280,000 penalty with the U.S. Commodity Futures Trading Commission on charges that it failed to properly invest segregated funds and supervise investment activities.
NLRB makes first call in firing over Facebook photo
Lake Bluff, Ill. (Legal Newsline) - The firing of a BMW salesman for photos and comments posted to Facebook did not violate federal labor law, the National Labor Relations Board has found.
EPA reaches settlement with Sinclair Wyoming Refining
DENVER (Legal Newsline) - The Sinclair Wyoming Refining Company has agreed to pay a $378,000 penalty, update process equipment and perform tests on pressure vessels and piping, the U.S. Environmental Protection Agency announced on Thursday.
Philip Morris wants plaintiff to pay attorneys fees after loss
TAMPA, Fla. (Legal Newsline) - Tobacco company Philip Morris says a Florida man who refused its $500 settlement offer should now have to pay its attorneys fees.
Notices sent over $69M eBook settlement
HARTFORD, Conn. (Legal Newsline) - Connecticut Attorney General George Jepsen announced on Tuesday that Connecticut residents who bought certain eBooks will soon receive notices related to a $69 million national settlement with publishers.
N.D. AG Stenehjem suing Minot contractor
Stenehjem