The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
Category: Justice Department
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Justice Department Sues to Block JetBlue’s Acquisition of Spirit
Antitrust regulators said the deal would reduce competition and raise fares. The companies claim it would allow them to better compete against the biggest U.S. airlines.
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JetBlue Expects U.S. Move to Block Merger With Spirit
JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.
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JetBlue and Spirit Unions Split on Airlines’ Merger
Flight attendant unions at the two carriers are pushing in opposite directions as federal officials decide whether and on what terms to allow the deal.
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Government Cracks Down on Crypto Industry With Flurry of Actions
State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Tesla’s Self-Driving Technology Comes Under Justice Dept. Scrutiny
A regulatory filing says officials have asked about software that Elon Musk, the chief executive, has said would allow cars to operate autonomously.
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Two Former Arkansas Officers Are Charged With Civil Rights Offenses
The sheriff’s deputies used “excessive force” during the arrest of a man last year, the U.S. Justice Department said. The encounter was captured on video and shared widely on social media.
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Ticketmaster Cast as a Powerful ‘Monopoly’ at Senate Hearing
The Judiciary Committee, responding to the bungled sale of Taylor Swift concert tickets, heard the company apologize and its critics trace the problem to the industry’s lack of competition.
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U.S. Accuses Google of Abusing Monopoly in Ad Technology
The Justice Department’s antitrust lawsuit, which a group of states joined, was the fifth against the company since 2020.
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Justice Department Investigating Abbott Infant Formula Plant
Abbott shut down production at the plant last year amid “shocking” sanitation lapses, touching off a disruptive infant supply formula shortage.
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Russian Citizen Accused of Running Cryptocurrency Exchange Used by Criminals
The charges were part of an intensifying effort by federal law enforcement agencies, in conjunction with European partners, to combat international cryptocurrency schemes and illegal transactions.