Law

JPMorgan, Citigroup Helped Cause Lehman's Collapse, Examiner's Report Says JPMorgan Chase & Co. and Citigroup Inc. helped cause the collapse of Lehman Brothers Holdings Inc. by demanding more collateral and changing guarantee agreements, a bankruptcy examiner said today in a report.

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.

Ex-Governor Blagojevich Asks to Delay Corruption Trial to Prepare Defense Former Illinois Governor Rod Blagojevich asked a U.S. court to postpone the scheduled June 3 start of his trial on corruption charges, saying he needs more time to prepare his defense.

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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