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Jet fuel prices hiked by 4.5%

on August 03, 2012

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Jet fuel prices hiked by 4.5%:

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Courtesy : Daniel Fisher - Forbes By throwing out the SEC's settlement with Bank of America, a New York judge raises ugly questions about securities fraud cases. A federal judge in New York got his dander up about a practice that is routine in courts around the country: making shareholders pay twice for securities fraud . In a blistering ruling released Monday, U.S. District Judge Jed Rakoff rejected a settlement between Bank of America ( BAC - news - people ) and the Securities and Exchange Commission over $5.8 billion in bonuses it paid to Merrill Lynch employees last year, allegedly without warning shareholders. In that settlement, BofA denied lying to shareholders but agreed to pay the SEC $33 million and to never do it again. This struck Rakoff as unfair. Why should shareholders hand the government $33 million to settle claims that management hid information from them? “To have the victims of the violation pay an additional penalty for their own victimization was en

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Capital4: India Stock Market Blog | India Investment Blog | Stock Trading Blog | India Financial Market Blog

Capital4: India Stock Market Blog | India Investment Blog | Stock Trading Blog | India Financial Market Blog : 'via Blog this'

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Jet fuel prices hiked by 4.5%

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