A federal judge has blocked litigation that the trustee liquidating Bernard Madoff's firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer's former customers.
Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator's lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.

A Chicago trader and his firm have agreed to pay $2.5 million to resolve a lawsuit by the U.S.

U.S. officials on Wednesday sued J.C. Penney Co Inc, accusing the retailer of deceiving consumers by advertising textile fiber products as containing bamboo and bamboo fiber, when they actually contain rayon.
It appears that critical mass is finally being reached amongst the lawsuits that are being taken against the Gold Fixing bullion banks.
In dismissing the case, the City of Providence acknowledges that OneChicago is not involved in the activity which is the subject of the complaint, which charges the defendants with diverting billions of dollars to themselves.
Why is the Justice Department suing Standard & Poor's for mis-rating structured credit securities before the financial crisis, and not suing Moody's, which gave a lot of the same products the same ratings? I have a theory, but Standard & Poor's has another, and theirs is a corker:
RBS Group Plc was ordered to pay $50 million by a federal judge over claims that it rigged the London interbank offered rate.
The founder of the Northern & Shell Plc media group sued a Man Group Plc hedge-fund unit for losses on an investment he said was too complex to understand.