Law

JPMorgan, Citigroup Helped Cause Lehman's Collapse, Examiner's Report Says JPMorgan Chase & Co. and Citigroup Inc. helped cause the failure of Lehman Brothers Holdings Inc. by demanding more collateral and changing guarantee agreements, according to a court-ordered report on the biggest bankruptcy in U.S. history.

Lehman Examiner Redacted Report on Collapse Can Be Made Public Judge Says The former federal prosecutor who probed Lehman Brothers Holdings Inc.’s $639 billion bankruptcy won permission to publish his report on how the bank tumbled to the biggest failure in U.S. history.

Ex-KB Home CEO Karatz Stole and Lied, Prosecutor Says at Backdating Trial Bruce Karatz, the former chief executive officer of KB Home, stole from investors by backdating stock options he received and lied about it to the homebuilder’s lawyers, a prosecutor said at the start of Karatz’s trial.

Lyondell Reorganization Terms Win Court Approval Over Objections on Value Lyondell Chemical Co. can reorganize based on a company value of $15.2 billion after a judge overruled objections that questioned whether the amount was artificially low.

Corrections Corp. Guards Condone Prison Violence, Six Idaho Inmates Allege Corrections Corp. of America Inc., the biggest U.S. private prison operator, was sued by six inmates claiming it allowed the Idaho Correctional Center to become so violent that it’s known as “gladiator school.”

Pledge of Allegiance in Schools Doesn't Violate Constitution, Court Rules Reciting the Pledge of Allegiance with its reference to God in public schools doesn’t violate the U.S. Constitution’s separation of church and state, a federal appeals court ruled.

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