Friday, September 3 2010
JUDGE RULES AGAINST US ON OIL DRILLING
HOUSTON – A federal judge has rejected the U.S. government's request to dismiss an industry lawsuit challenging its deepwater oil and gas-drilling moratorium, dealing another blow to the Obama administration.
IIROC PERMANENTLY BANS SECURITIES REP
MONTREAL – A hearing panel of the Investment Industry Regulatory Organization of Canada has permanently banned a Quebec man for numerous violations of IIROC rules.
HEARTLAND SETTLES WITH DISCOVER FOR DATA BREACH
PRINCETON – Payments processor Heartland Payment Systems Inc. announced the company will pay $5 million to Discover Financial Services Co. to resolve issues between the companies related to a 2008 data breach.
EX-FUND MANAGER SETTLES INSIDER TRADING CLAIMS
WASHINGTON – A former hedge fund manager and a pharmaceutical executive have agreed to settle federal insider trading charges related to the 2007 takeover of the biotechnology company MedImmune. Stephen R. Goldfield, who ran the hedge fund firm Imperium Capital Management was charged with making $13.98 million in illegal profits by trading in MedImmune securities before AstraZeneca agreed to acquire the company for more than $15 billion.
BLACKWATER SETTLES EXPORT VIOLATIONS COMPLAINTS
WASHINGTON – Xe, the private security firm once known as Blackwater, has reached a $42 million settlement with the U.S. State Department over alleged export violations. Darby Holladay, a State Department duty officer, said the civil settlement was reached for 288 violations between 2003 and 2009, when the company personnel were guarding U.S. staff overseas.
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