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Edison manipulated costs at San Onofre, complaint alleges
L.A. NOWAn 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... -
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...
Tags: Kamala D. Harris, Occupy Wall Street, Justice System, Derivative Securities, Crime, Law and Justice
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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...
Tags: Litigation, Politics, Kamala D. Harris, Bonds, U.S. Department of Justice
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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...
Tags: Kamala D. Harris, Justice System, Lawyers, Crime, Law and Justice, Derivative Securities
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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....
Tags: Kamala D. Harris, U.S. Department of Justice, Justice System, Crime, Law and Justice, Derivative Securities
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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. 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
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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...
Tags: Amour (movie), Celebrities, Silver Linings Playbook (movie), Moonrise Kingdom (movie), Richard Gere
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Ex-Angels player Doug DeCinces indicted in insider-trading case
L.A. NOWFormer 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.... -
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. The...
Tags: Bonds, Credit Ratings, Financial and Business Services, Freddie Mac, Mortgages
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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. 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
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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. "Who Framed Smart Entertainment: An In-Person Tribute...
Tags: Sigourney Weaver, Michael Douglas, Phil Silvers, Denzel Washington, Woody Allen
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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. In complaints filed in New York,...
Tags: Alzheimer's Disease, Insider Trading, Rajat Gupta, Mutual Funds, Justice System
Feb 13, 2013
| Los Angeles Times
Feb 6, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Jan 17, 2013
|Story| Los Angeles Times
Nov 29, 2012
|Story| Los Angeles Times
Nov 28, 2012
| Los Angeles Times
Jan 10, 2013
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Jan 5, 2013
|Column| Los Angeles Times
Nov 22, 2012
|Story| Los Angeles Times
Nov 20, 2012
|Story| Los Angeles Times
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