Topic - Jed S. Rakoff

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  • Rajat Gupta (center) leaves federal court in New York on Wednesday after the former Goldman Sachs board member was sentenced to two years in prison for feeding inside information to his friend. (Associated Press)

    Former Goldman official gets two years

    A former Goldman Sachs and Procter & Gamble Co. board member was sentenced to two years in prison Wednesday, culminating a spectacular fall from grace for a man who retained support from prominent business and civic leaders even after he was convicted of feeding inside information about board dealings to a billionaire hedge fund owner who was his friend.

  • Court: NY can't scare smokers with gruesome images

    The city cannot try to scare smokers by requiring grotesque images of diseased lungs and decaying teeth at stores that sell cigarettes because the federal government gets to decide how to warn people about the dangers of smoking tobacco, an appeals court ruled Tuesday.

  • **FILE** Bernard Madoff (Associated Press)

    N.Y. Mets owners settle in Madoff-related case

    The New York Mets owners and a trustee for Bernard Madoff's fraud victims settled Monday for $162 million in a case aimed at repairing the damage from a massive investment scheme.

  • Appeals court rein in judge on SEC-Citigroup settlement

    A federal appeals court said Thursday that a judge likely overstepped his authority when he blocked a $285 million settlement over toxic mortgage securities by calling it bad policy for a regulatory agency to accept a deal that does not include an admission of liability.

  • **FILE** New York Mets owner Fred Wilpon (left) and COO Jeff Wilpon listen to a question from the media during a Oct. 29, 2010, baseball news conference in New York. (Associated Press)

    Judge: N.Y. Mets owe up to $83M to Madoff trustee

    The New York Mets' owners must pay up to $83 million to the trustee recovering money for Bernard Madoff investors, a judge said Monday, though he expressed doubt that the trustee will succeed in proving at a trial this month that he's entitled to as much as $300 million more.

  • ** FILE ** In this March 11, 2011, file photo, New York Giants owner John Mara speaks with reporters about labor negotiations in Washington. (AP Photo/J. Scott Applewhite, File)

    NY Giants owner fumbles in bid to escape jury duty

    The owner of the New York Giants tried a courthouse version of the Hail Mary pass Tuesday to escape serving on a jury hearing a drug trial before a judge threw him for a loss, rejecting excuses that included the upcoming NFL draft and his role as a negotiator for team owners in the work stoppage that resulted from their dispute with players.

  • Judge strikes down NYC's gruesome tobacco ads

    The city's campaign to scare smokers with grotesque images of decaying teeth or a diseased lung wherever tobacco products are sold was struck down Wednesday by a federal judge who concluded that only the federal government can dictate warnings that must accompany the promotion of cigarettes.

  • Foreign nations ordered to pay taxes

    NEW YORK (AP) — Foreign diplomats get great parking spots, but their home countries can't escape the U.S. tax man.

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