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Reports that New York City Judge Jed Rakoff will hand down jail terms ranging from six months to one year to Oakford Corp. stockbrokers for fraud. Illegal profits from information they obtained on the trading floor; Falsification of ticket orders to make it appear as though they had been trading on customer orders; Results of evidentiary hearings on October 1999.

Reports on New York-based franchising company Cendant Corp.'s plan to settle the class-action lawsuit filed against it by shareholders in connection with an accounting scandal in the year 1998. Case background; Case's impact on the company's stock market performance.

The article states that financial consulting firm Promontory Financial Group was prepared to request that a New York state judge grant a stay on an act ordered by the New York State agency the Department of Financial Services (DFS) in which Promontory was banned from advising New York-based banks in certain instances. According to the article, DFS took the action following its allegation that Promontory mitigated reports concerning potential sanctions violations by the bank Standard Chartered PLC. The article presents comments from DFS spokesman Matt Anderson.

The article states that a New York State court jury convicted former bank Goldman Sachs Group Inc. programmer Sergey Aleynikov of stealing what is referred to as the bank's "secret sauce" high-frequency trading computer code. According to the article, Aleynikov faced a maximum of four years in prison. The article presents comments from Aleynikov's attorney Kevin Marino and Manhattan District Attorney Cyrus R. Vance, Jr.

The article reports that on June 25, 2014 New York Attorney General Eric Schneiderman sued banking company Barclays PLC for allegedly telling clients who used its so-called dark pool trading venue that it protected them from high-frequency traders, while it actually favored those traders. It has previously been reported that the U.S. Securities and Exchange Commission is investigating how dark pools function.

The article looks at the prosecution of computer programmer Sergey Aleynikov for allegedly stealing computer code from his former employer, investment bank Goldman Sachs Group Inc., as of May 2013. It notes that his conviction in U.S. federal court for the offense was overturned in 2012, and reports that a New York state judge has ruled the state may prosecute him despite the earlier federal case.

The article discusses expected litigation involving businesses in New York and New Jersey and their insurance companies arising from damage caused by Hurricane Sandy. Points of contention could include the size of insurance payouts, and whether insurance-policy exclusions bar payouts altogether. Industrial-coatings producer Cardolite Corp. is suing its insurance broker, Willis Group Holdings PLC, for failing to have obtained flood insurance.

The article discusses the case of computer programmer Sergey Aleynikov, whose conviction in a U.S. federal court on charges of having stolen computer code from financial firm Goldman Sachs Group Inc. was reversed on appeal in February, 2012. He has since been indicted on state charges for roughly the same crime by Manhattan District Attorney Cyrus Vance Jr. in New York City. Aleynikov's attorney, Kevin Marino, blames Goldman.

The article discusses the bankruptcy filing by the law firm Dewey & LeBoeuf LLP in 2012 with a focus on the "clawback" deal offered to former partners of the failed law firm. Topics include efforts to speed the settlement litigation, comments by the bankruptcy team at Dewey, and protections against future litigation for those partners who choose to sign the deal.

The article states that U.S. money manager J. Ezra Merkin agreed to pay about $410 million to settle a civil fraud lawsuit brought the attorney general of New York State as of June 25, 2012. According to the article, Merkin was accused of funneling billions of dollars to convicted U.S. Ponzi scheme manipulator Bernard Madoff without the knowledge of investors. The article states that a New York state judge approved the settlement terms.

The article reports that the U.S. Justice Department and New York attorney general Eric Schneiderman have filed civil suits against banking company Bank of New York Mellon Corp., alleging it engaged in fraud by overcharging investors on currency transactions it handled for them. A group led by fraud investigator Harry Markopolos helped instigate the suits.

The article states that the U.S. Justice Department and New York's attorney general have both filed civil lawsuits alleging fraudulent charges by Bank of New York Mellon Corp. (BNY Mellon) for client currency transactions. It states that New York's civil case alleges federal law violations and claims BNY Mellon defrauded federally insured banks. It mentions law enforcement officials are probing BNY Mellon and State Street Corp. on how they allegedly handled currency costs for pension funds.

The article reports that New York state Attorney General Eric Scheiderman has issue subpoenas to current and former executives of Bank of America Corp. related to a civil fraud investigation of the bank for failure to disclose financial information to its stockholders. The information was of large losses suffered by the company Merrill Lynch & Co. prior to its 2008 acquisition by Bank of America.

The article reports that a judge in New York state released Dominique Strauss-Kahn, former head of the International Monetary Fund (IMF) from house arrest following his arrest on sexual assault charges. The release came after prosecutors said that misstatements by the woman who made the accusation had significantly weakened the criminal case against Strauss-Kahn.

The article discusses the circumstances of Winifred Jiau, who is in a New York City jail awaiting trial on charges related to insider trading. Prosecutors have repeatedly fought her efforts to be released on bail, arguing she might flee to Taiwan. They also maintain she has withheld important financial information from them.

The article examines criminal investigations of accounting fraud related to the 2008 bankruptcy of the investment bank Lehman Brothers. It is reported that U.S. prosecutors have decided not to file charges against former executives of the firm for accounting fraud related to its financial states. This is contrasted with accounting fraud charges filed by New York state against the accounting firm firm Ernst & Young, which was Lehman Brothers' auditor.

The article reports that New York State Attorney General Andrew Cuomo has filed a suit that alleges accounting firm Ernst & Young helped investment bank Lehman Brothers Holdings Inc. conceal its true financial condition prior to Lehman's bankruptcy. Cuomo claims Ernst facilitated the use by Lehman of accounting trickery that temporarily made the firm's debt seem less than it actually was.

The article discusses regulatory response to "window dressing," or the use of accounting maneuvers by firms to make their financial statements look stronger than they actually are. Former bank regulator William K. Black says the problem is ubiquitous and the federal government has done little to address it. The New York State attorney general is preparing to sue accounting firm Ernst & Young LLP for letting investment bank Lehman Brothers Holdings window-dress prior to its bankruptcy.

The article reports that New York State Attorney General Andrew Cuomo is getting ready to file civil fraud charges against accounting firm Ernst & Young, alleging it failed to prevent investment bank Lehman Brothers Holdings Inc. from misleading investors about its financial status. Lehman was one of Ernst & Young's largest clients before its collapse in 2008.

The article reports that New York Attorney General Andrew Cuomo filed two lawsuits against financier Steven Rattner that seek to ban Rattner from the securities industry and collect $26 million from him. Cuomo accuses Rattner of improperly arranging for his former investment firm, Quadrangle Group LLC, to secure a $150 million investment from the New York state pension fund.

New York attorney Arthur Kramer bought over $56 million in life insurance. After he died, family members learned investors had purchased the rights to claim the policy's benefits. His widow Alice sued, claiming these transactions violated state laws regarding insurable interests. The article discusses all of this.

The article reports that Khalid Sheikh Mohammed will be tried in a U.S. federal court in New York City on charges of having plotted the September 11, 2001 terrorists attacks in the U.S. Attorney General Eric Holder expressed confidence that Mohammed would receive a fair trial. A judge will determine whether statements Mohammed made after having been subjected to waterboarding will be admissible in court.

The article offers news briefs in New York on topics including the dropped crime rate in New York City, the decision of U.S. District judge Leonard Wexler to order a no-bail inprisonment to former police chief James Burke, and the construction of two new casinos in New Jersey.