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    Feb 13, 2013 | Los Angeles Times
  1. Edison manipulated costs at San Onofre, complaint alleges

    L.A. NOW
    An advocacy group filed a complaint Wednesday with the California Public Utilities Commission alleging that Southern California Edison manipulated inflation calculations to recover more money from ratepayers for defective replacement steam generators at...
  2. Feb 6, 2013 |Story| Los Angeles Times
  3. Is S&P to blame?

    Federal and state prosecutors sued the credit rating agency Standard & Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The cases raise difficult questions about the freedom to express an opinion without being held liable if it's wrong. Nevertheless, it's worth exploring whether S&P and its rivals deliberately soft-pedaled how risky those securities were in order to boost their bottom lines.
    Federal and state prosecutors sued the credit rating agency Standard & Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The...

    Tags: Kamala D. Harris, Occupy Wall Street, Justice System, Derivative Securities, Crime, Law and Justice

  4. Feb 5, 2013 |Story| Los Angeles Times
  5. California accuses S&P of deception in $4-billion lawsuit

    California has filed suit against Wall Street's biggest credit rating agency, Standard & Poor’s, charging the firm with violating the state's False Claims Act by using “magic numbers” and “guesses” to inflate ratings that ultimately cost California public pension funds an estimated $1 billion.
    California has filed suit against Wall Street's biggest credit rating agency, Standard & Poor’s, charging the firm with violating the state's False Claims Act by using “magic numbers” and “guesses” to inflate ratings that...

    Tags: Litigation, Politics, Kamala D. Harris, Bonds, U.S. Department of Justice

  6. Feb 5, 2013 |Story| Los Angeles Times
  7. Justice Department, state officials to announce Standard & Poor's suit

    WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard & Poor's Corp. concerning the company's credit ratings of troubled mortgage-backed securities before the financial crisis.
    WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard & Poor's Corp. concerning the company's credit ratings of troubled...

    Tags: Kamala D. Harris, Justice System, Lawyers, Crime, Law and Justice, Derivative Securities

  8. Feb 5, 2013 |Story| Los Angeles Times
  9. S&P helped cause financial crisis with faulty ratings, Feds allege

    WASHINGTON -- Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company.
    WASHINGTON -- Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company....

    Tags: Kamala D. Harris, U.S. Department of Justice, Justice System, Crime, Law and Justice, Derivative Securities

  10. Jan 17, 2013 |Story| Los Angeles Times
  11. Sundance darlings eye alternative distribution platforms

    Not that long ago, premiering a star-driven Sundance Film Festival movie on a video-on-demand channel was an admission of failure.
    Not that long ago, premiering a star-driven Sundance Film Festival movie on a video-on-demand channel was an admission of failure. But last year's festival produced two huge on-demand hits, Richard Gere's crime drama "Arbitrage" and Kirsten Dunst's...

    Tags: Media Industry, Celebrities, Hamlet 2 (movie), Allen Ginsberg, John Cassavetes

  12. Nov 29, 2012 |Story| Los Angeles Times
  13. The risks and rewards of 'auteur' filmmaking

    Nicholas Jarecki was in trouble: He couldn't come up with the perfect line for Susan Sarandon to say to Richard Gere for a particular scene in "Arbitrage." He needed a catchphrase a business tycoon would have invented. But as a film writer and director (and producer), rather than a tycoon, he just didn't have it.
    Nicholas Jarecki was in trouble: He couldn't come up with the perfect line for Susan Sarandon to say to Richard Gere for a particular scene in "Arbitrage." He needed a catchphrase a business tycoon would have invented. But as a film writer and director...

    Tags: Amour (movie), Celebrities, Silver Linings Playbook (movie), Moonrise Kingdom (movie), Richard Gere

  14. Nov 28, 2012 | Los Angeles Times
  15. Ex-Angels player Doug DeCinces indicted in insider-trading case

    L.A. NOW
    Former Angles baseball player Doug DeCinces and three others were indicted on insider trading charges for allegedly using non-public information to buy stock in a Santa Ana medical device company, federal authorities said Wednesday afternoon....
  16. Jan 10, 2013 |Story| Los Angeles Times
  17. Freddie Mac: 30-year mortgage rate hits 3.4%, highest in 8 weeks

    With employment improving and the fiscal cliff averted, fixed mortgage rates have jumped to their highest level in two months, with lenders offering the 30-year home loan at 3.4% this week, up from 3.34% last week, according to Freddie Mac.
    With employment improving and the fiscal cliff averted, fixed mortgage rates have jumped to their highest level in two months, with lenders offering the 30-year home loan at 3.4% this week, up from 3.34% last week, according to Freddie Mac. The...

    Tags: Bonds, Credit Ratings, Financial and Business Services, Freddie Mac, Mortgages

  18. Jan 5, 2013 |Column| Los Angeles Times
  19. Corporations and execs need penalties that hurt

    If you're concerned about corporate crime, 2012 looked like a pretty successful year for the good guys.
    If you're concerned about corporate crime, 2012 looked like a pretty successful year for the good guys. The Thousand Oaks biotech giant Amgen paid $762 million in fines and penalties and pleaded guilty to a federal charge related to illegal marketing of...

    Tags: Michael Mukasey, Novartis AG, University of California, Irvine, Gulf of Mexico Oil Spill (2010), Fines

  20. Nov 22, 2012 |Story| Los Angeles Times
  21. American Cinematheque honors two Oscar hopefuls

    With awards season in full swing, two Oscar hopefuls -- director Robert Zemeckis ("Flight") and actor Richard Gere ("Arbitrage") -- are being feted with retrospectives at the American Cinematheque.
    With awards season in full swing, two Oscar hopefuls -- director Robert Zemeckis ("Flight") and actor Richard Gere ("Arbitrage") -- are being feted with retrospectives at the American Cinematheque. "Who Framed Smart Entertainment: An In-Person Tribute...

    Tags: Sigourney Weaver, Michael Douglas, Phil Silvers, Denzel Washington, Woody Allen

  22. Nov 20, 2012 |Story| Los Angeles Times
  23. Feds charge former hedge fund manager in big insider-trading case

    WASHINGTON -- Federal prosecutors on Tuesday charged a former hedge fund portfolio manager with securities fraud in connection with what they said was the most lucrative insider-trading case ever prosecuted.
    WASHINGTON -- Federal prosecutors on Tuesday charged a former hedge fund portfolio manager with securities fraud in connection with what they said was the most lucrative insider-trading case ever prosecuted. In complaints filed in New York,...

    Tags: Alzheimer's Disease, Insider Trading, Rajat Gupta, Mutual Funds, Justice System

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Securities Photos
The seal of the U.S. Securities and Exchange Commission...
(March 16, 2013)
SAC Settles With The SEC
R; 1:40 running time Gere is the centerpiece in "Arbitr...
(September 13, 2012)
'Arbitrage' -- 3 stars
Performance Trust Investment Advisors, LLC (PTIA), an a...
(July 29, 2011)
John Wilhelm, Portfolio Manager, Performance Trust Investment Advisors, LLC.