"Flash Boys" author Michael Lewis blasted professional traders in a "60 Minutes" interview, claiming that the lot uses high-speed, complicated tactics designed to dupe investors and are too slick to be deemed illegal by law.
Judge Cheryle Gering of South Dakota said that most of Beef Products Inc's defamation lawsuit against ABC News over its "pink slime" beef report had been rejected, but will allow the remainder of the case to move forward.
SAC Capital Advisors LP lawyer Martin Klotz has asked a coirt judge to sign the settlement that will have the firm shut down its investment advisory unit, along with paying a whopping $1.8 billion to settle the insider trading charges filed against them, Bloomberg said.
Bloomberg said Wal-Mart Stores Inc had sued Visa after dropping from a class-action suit to solely pursue the credit card company over conspiring with banks to increase its fees on retail purchases made with a credit card.
