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Topic: Jed Rakoff

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A federal judge in New York gave former Goldman Sachs board member Rajat Gupta a two-year prison sentence for his role in an insider trading case.
Jurors in a trial against a Citigroup executive in New York are rallying behind the regulators who did not win the case.
Trusting banks
With delicious timing and opportunistic understatement, researchers at polling firm Gallup said confidence in banks among U.S. adults had fallen to a new low.
Eight women, four men and four alternates were seated Monday in the insider trading trial of a former director of Goldman Sachs and Procter & Gamble.
A settlement over a class-action lawsuit between Bank of America and two pension funds is being challenged by lawyers in another case, court papers say.
Town resists billionaire's Zeus temple bid … Judge puts hold on kitty litter ad … Teen sleeps through plane stop … Teen pleads guilty, takes public office … Watercooler stories from UPI.
A New York judge put a hold on a Clorox Fresh Step TV advertisement after competitor Arm & Hammer took issue with the ad's claims.
The U.S. Justice Department said three Swiss bankers have been indicted on charges they conspired to hide more than $1.2 billion in assets from tax officials.
Joe Common Sense
U.S. stocks soared Monday largely on the news that one day at the country's shopping malls, albeit one of the top few days of the year, was deemed a success.
A federal judge has rejected a U.S. Securities and Exchange Commission settlement with Citigroup, saying the agency isn't meeting its legal responsibilities.
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Flags-In Ceremony at Arlington National Cemetery
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Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch