The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy an...

Cairn and Air India in a joint request to US District Judge Paul Gardephe on September 13 stated that a stay on proceedings would give them...

SPORTS:Reuters Sports News Summary

SPORTS:Reuters Sports News Summary

The court last week rejected Martoma's bid for bail pending appeal saying he has "failed to show that the appeal raises a substantial quest...

SAC had last year pleaded guilty to insider trading and agreed to pay $1.8 billion to settle the criminal and civil charges against it.

Preet Bharara nailed Mathew Martoma, who worked for hedge-fund billionaire Steven Cohen, getting him 9 years in prison for insider-trading.

Prosecutors accused Martoma of making illegal trades in pharmaceutical stocks based on tips about a clinical trial for an Alzheimer's drug.

Mathew Martoma, 39, was convicted in February of one count of conspiracy to commit securities fraud and two counts of securities fraud.

Rajat Gupta, former MD of McKinsey was sentenced in October 2012 to two years in prison and fined $5 million for giving tips to Rajaratnam.

One of the key figures in the government's crackdown against SAC is the firm's former Indian-origin hedge fund portfolio manager Mathew Mar...