The stockbroker for Herbert Sudfeld, the former Fox Rothschild partner accused of insider trading, testified Thursday in federal court about the phone calls he and the lawyer had about buying stock in an insurance company being purchased by Nationwide.
The Second Circuit has clarified the law on sovereign immunity for actions by a foreign nation's commercial entity that take place outside of the United States but harm investors within the United States.
An estate that cost $9 million to building, a yacht called Clueless worth at least $1 million and a cache of jewelry are set for auction. They are the last of the big items seized in disbarred attorney Scott Rothstein $1.2 billion Ponzi scheme.
Appearing Thursday on Capitol Hill, former pharmaceutical executive Martin Shkreli wrote on a notepad as his lawyer, New York criminal defense lawyer Benjamin Brafman, whispered in his ear. Shkreli read from that notepad almost every time a committee member asked him a question. His reticence was not absolute. "Hard to accept that these imbeciles represent the people in our government," he wrote on Twitter after his brief appearance in front of House Oversight Committee members.
The U.S. Department of Justice is fighting efforts by a Jewish group to subpoena banks for information about assets owned by the Russian Federation, which owes more than $43 million in sanctions for rebuffing a U.S. judge's order to return a collection of religious texts.