The Wall Street Journal reports that federal prosecutors are targeting several Houston-based engineers and at least one supervisor employed by British oil giant BP connected to the 2010 Gulf oil spill.
The Supreme Court decision, seen as a victory for Wal-Mart and corporate America, makes it more difficult for employees to join together in a common lawsuit unless they are able to identify a common injury.
Countrywide CEO Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on fraud and insider trading charges that alleged he profited from risky mortgages he signed off on before the collapse of the housing market.
Despite acknowledging responsibility for the Gulf oil spill and trying to show confidence, BP CEO Tony Hayward appeared to be an executive who could not effectively communicate empathy.
Bank of America and then-CEO Ken Lewis misled investors about the risks of acquiring Merrill Lynch, alleges a civil suit filed Thursday by New York's attorney general. The bank and the SEC, meanwhile, offer a $150 million settlement for investors over the Merrill Lynch episode.