US prosecutors have indicted Waldyr Da Silva Prado Neto and Igor Carnelson with insider trading in Burger King's $3.2 billion buyout in 2010. Prado was a former broker at Wells Fargo & Co. subsidiary Wells Fargo Advisors, while Carnelson was a Brazilian banker.
New Jersey resident Josh Finkelman has sued the National Football League accusing it of pricing average football fans out of the Super Bowl, where this year's championship game will play at MetLife Stadium in East Rutherford on February 2. Finkleman says that the league has "made only 1 percent of all tickets available to the public for purchase at face value. He says that most fans must buy their tickets on the secondary market where they can command thousands of dollars."
The Target Corporation has been sued by at least 11 customers over a recent credit card security breach, which saw the details of more than 40 million cards stolen, BBC News reported. Some of the lawsuits were class-action, while at least one was seeking millions in damages
Matthew Taylor, a former Goldman Sachs Group Inc. trader, was sentenced to serve nine months in prison and pay $118 million in restitution to his former employer after pleading guilty in April of wire fraud in pursuing an unauthorized $8.3 billion futures trade in 2007
