Morgan Stanley will have to pay $850m (£462m) in damages to Revlon boss Ron Perelman after being found guilty of conspiring to defraud the financier.
A Florida court concluded that the US investment bank had acted improperly in relation to a 1998 deal in which Mr Perelman sold Coleman Inc. for $1
A former Enron finance executive has been sentenced to three years and 10 months in prison for his role in a bogus deal to boost earnings.
Dan Boyle was sentenced alongside former Merrill Lynch bankers Robert Furst and William Fuhs, who will both serve three years and one month.
Enron fraudulently recorded the 1999 contract as a $12m (£6m) profit
Two ex-Walt Disney directors are suing the firm claiming investors were misled over the selection of a new chief executive to succeed Michael Eisner.
Roy Disney, nephew of founder Walt Disney, and Stanley Gold allege that Disney’s board made false statements in relation to Bob Iger’s appointment.
Mr Iger, currently Disney’s president and chief operating officer, is to succeed Mr Eisner in September
The ex-boss of US insurance giant AIG, Maurice Greenberg, gave his wife more than $2bn (£1.2bn) of his shares in the company days before stepping down.
The stock transfer was recorded in a document filed with the US Securities and Exchange Commission (SEC)
Microsoft has not done enough to comply with sanctions imposed for breaking European anti-trust rules, the European Commission (EC) has said.
The software giant was censured in 2004 for misusing its monopoly position in desktop PCs to extend its reach into other areas.
The firm agreed to a 497m euro ($660m, £345m) fine and to make its software work better with competitors’ products
Wal-Mart, the world’s largest retailer, is to pay $11m (£5.73m) to the US government after an investigation into the use of illegal immigrants.
The workers were employed as janitors and cleaners by subcontractors to work in Wal-Mart stores
Halliburton, the energy firm once run by US Vice-President Dick Cheney, is facing fresh questions over its work for the US Defense Department in Iraq.
A Defense Contract Audit Agency report, released late on Monday, criticised Halliburton unit KBR for failing to provide clear records of its costs.
The probe is examining more than $108m (£56m) of a contract extension which was worth $875m
Former Worldcom chief executive Bernie Ebbers has been convicted of conspiracy and fraud in connection with the 2002 collapse of the telecoms giant.
Mr Ebbers, 63, who is to appeal against the verdict, was also found guilty of seven counts of filing false documents.
Shareholders lost about $180bn (£94bn) in Worldcom’s collapse – the largest bankruptcy in US history – and 20,000 workers lost their jobs
The former chief executive and six former officials at US telecoms giant Qwest Communications have been accused of deceiving investors.
Former CEO Joseph Nacchio, who denies any wrongdoing, is among those named in the civil case brought by the Securities and Exchange Commission.
It said Qwest inflated its revenue by $3bn (£1
US insurance broker Marsh & McLennan is to pay $850m (£451m) to settle charges that it conspired with insurance providers to rig the marketplace.
Under the agreement with New York attorney general Eliot Spitzer, Marsh said it “neither admits nor denies the allegations”.
It will pay the money back over four years to affected policyholders