Halls of Justice

Former Park Hill executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors – including family members and friends – out of $38.5 million.

Goldman Sachs has settled a longstanding dispute with bond insurer ACA Financial Guaranty about its ill-fated Abacus sub-prime mortgage CDO, which famously went bust during the financial crisis and netted hedge fund manager John Paulson, who was short the CDO's underlying securities, a fortune.

News that the FBI would probe additional emails related to Democratic presidential candidate Hillary Clinton's use of a personal email server while U.S. Secretary of State torpedoed Wall Street gains on Friday despite better-than-expected third-quarter GDP.

Just a few days after the start of her SEC administrative trial, a Delaware judge has ordered Lynn Tilton's Patriarch Partners to produce documents detailing the complex holdings of the three Zohar CLO funds she lost control of earlier this year.

After the U.S. Supreme Court denied her request to put her long-awaited SEC administrative trial on hold, private equity maven Lynne Tilton and her company, Patriarch Partners, finally faced off against the SEC in a hearing yesterday. 

Artis Capital Management has settled accusations by the U.S. SEC that it failed to detect insider trading by an employee. 

San Francisco-based hedge fund Partner Fund Management has filed a lawsuit against embattled blood-testing company Theranos, accusing it of using fraudulent methods to attract an investment of nearly $100 million.

The U.S. Supreme Court is set to consider this week a closely watched insider trading case that could limit the ability of prosecutors to pursue such charges against hedge fund managers and other traders.

Och-Ziff Capital Management has reportedly agreed to pay $400 million and a subsidiary will plead guilty to resolve long-standing probes into its involvement with bribes paid to African officials.

The U.S. Supreme Court has rejected a request by private equity maven Lynn Tilton, CEO of New York-based Patriarch Partners, to stay an SEC enforcement action against her as she challenges the agency's use of in-house administrative proceedings related to Patriarch's now-infamous Zohar CLO funds.