Legal News

Goldman Sachs Fined $27 Million by U.K. for Not Reporting Probe

Goldman Sachs Group Inc. ’s London unit was fined 17.5 million pounds ($27 million) for failing to notify the U.K.’s financial regulator about a U.S. Securities and Exchange Commission investigation.
SEC Says Prince, Rubin Knew of Losses on Assets at Suit's Focus

Charles O. “Chuck” Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were mounting on mortgage assets that U.S. regulators have faulted the bank for not disclosing, a court filing shows.
China Renewable-Energy Aid to Draw Complaint by U.S. Steelworkers' Union

The United Steelworkers union said it will file a trade complaint with the U.S. government against renewable-energy products from China, urging an investigation of subsidies and preferences given by that nation.
U.S. Appeals Judge's Order Banning Funds for Embryonic Stem-Cell Research

A court ruling halting federal funding for embryonic stem-cell research was appealed by the Obama administration, which said the ban would cause irreparable harm to researchers, taxpayers and scientific progress.