Oklahoma chooses to settle for $270m over Purdue’s criminal marketing of OxyContin – but more lawsuits are likely to come

The Oklahoma settlement is a foretaste of a barrage of civil lawsuits in the pipeline against not only Purdue but dozens of drug manufacturers. read more »

New York Sues Sackler Family Members and Drug Distributors

New York State on Thursday laid out one of the most detailed and sweeping legal cases yet against the family that owns Purdue Pharma, maker of the opioid OxyContin, as well as the companies that distributed alarming amounts of prescription painkillers amid a rising epidemic of abuse that has killed hundreds of thousands of people nationwide. read more »

Whistleblower alleges company lied about plans to leave N.J., as task force looks at controversial tax incentive program

The company, a major tax preparation firm, received a $2.8 million state incentive grant when it threatened to leave the state and take jobs out of New Jersey.

Then it applied for a second $2.67 million state grant, falsely claiming it was considering a move out of the state and planning to take those jobs to New York and Florida.

A former top executive of the firm said the threat to leave the state was a lie. read more »

Second ex Barclays banker convicted in London Euribor re-trial

A second former Barclays banker has been convicted of conspiring to manipulate global Euribor interest rates, taking to nine the number of people found guilty in six rate-rigging trials. read more »

Swedbank Fires CEO Over Money Laundering Allegations

Swedbank AB has fired its chief executive officer, Birgitte Bonnesen, amid allegations the bank was used to launder billions of dollars in Russian money on her watch. read more »

Goldman Sachs fined $45 million by UK watchdog for reporting failures

Britain’s markets watchdog said on Thursday it had fined Goldman Sachs International a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade. read more »

Canada Has a Money Laundering Problem It's Pledging to Fix

It’s long been known as “snow washing” -- dirty money circulated through Canada’s seemingly upright economy to emerge as pristine as the white cape blanketing the Rockies. read more »