Ex-Wells Fargo executives set to face civil trial in scandal over phony accounts

REUTERS

The Office of the Comptroller of the Currency (OCC), a top U.S. banking regulator, is scheduled to begin a civil trial on Monday for three former Wells Fargo & Co (WFC.N) executives over their alleged roles in a scandal involving phony accounts at the San Francisco lender. read more »

Companies to Pay More Than $539 Million in Settlement for Distribution to Investors

SEC

The Securities and Exchange Commission today charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering of GTV common stock. The SEC also announced charges against GTV and Saraca for conducting an illegal unregistered offering of a digital asset security referred to as either G-Coins or G-Dollars. The respondents have agreed to pay more than $539 million to settle the SEC's action. read more »

Teva must face government's kickback claims over Copaxone - judge

REUTERS

(Reuters) - Israeli drugmaker Teva Pharmaceutical Industries Ltd must face a lawsuit by the U.S. government accusing it of using kickbacks paid through charitable foundations to boost sales of its multiple sclerosis drug Copaxone, resulting in false claims being submitted to Medicare. read more »