Representative Zach Nunn of Iowa, a member of the House Financial services Committee has issued a letter inquiring about American Club, which has apparently insured many vessels suspected to have Iranian links. According to a Bloomberg article, American Club insures more tankers suspected of violating US sanctions than any of its allies....

RESS RELEASE Ford Motor Company will pay the United States $365 million to resolve allegations that it violated the Tariff Act of 1930 by misclassifying and understating the value of hundreds of thousands of its Transit Connect vehicles. The 

According to an excellent article in the Economist, China is reportedly raising more than US$27bn for the third phase of its National Integrated Circuit Industry Investment Fund. This is the state-owned investment fund backed by China’s finance ministry and state-owned enterprises. This is an example of China’s new special...

The Securities and Exchange Commission announced insider trading charges against Roy Cook, a former board member of Tallgrass Energy LP, and four of his friends for trading on material nonpublic information in advance of a...

The Securities and Exchange Commission has announced that Skechers U.S.A. Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. Skechers agreed to pay a...

The U.S. government is likely to invest $3.5B in Intel to allow the company to make advanced semiconductors for military and intelligence programs, Bloomberg News reported citing congressional aides. The funds are now in a spending bill the House passed on Wednesday, would set Intel as a commanding local player in the defense...

The Justice Department is launching a new pilot program to reward whistleblowers who tell prosecutors about corporate crime, adding a new incentive to attract more tipsters to aid the government.Tipsters will be paid some of money that defendants forfeit when they settle criminal...

A federal grand jury has indicted Linwei Ding, aka Leon Ding, charging him with four counts of theft of trade secrets in connection with an alleged plan to steal from Google LLC (Google) proprietary information related to artificial intelligence (AI) technology. The announcement was made by Attorney General...

KVK Research Inc., a generic drug manufacturer in Bucks County, Pennsylvania, pleaded guiltyto criminal charges that it introduced adulterated drugs into interstate commerce. In a criminal information filed in federal court in Philadelphia charged KVK Research and its corporate affiliate, KVK Tech Inc., with two misdemeanor...

Advanced Micro Devices (AMD) has been told by U.S. officials that the chips it has designed are still too powerful to sell to China and that the company will have to obtain a license from the Commerce Department to sell the...