The sentencing was announced by US Attorney for the Southern District of New York Michael J Garcia on Wednesday.
Infosys Technologies is being sued again by a former senior employee for discrimination on the basis of age, gender and ethnicity while hiring in the US. The suit filed by Jill Prejean, vice-president of talent acquisition, has alleged that the company discriminated and retaliated when she tried to point out the discriminatory actions. Infosys' motion to dismiss the claims made by Prejean was rejected by a judge from the United States District Court Southern District of New York.
Two Iranian men have been indicted by a grand jury in New York on charges they plotted to hire hit men from a Mexican drug cartel to assassinate the Saudi ambassador in Washington using "weapons of mass destruction".
According to the Notice of Appeal filed by his lawyer Gary Naftalis in US District Court Southern District of New York, Gupta's "appeal concerns conviction only."
A US district court has dismissed a petition by Israel's Taro Pharmaceutical Industries to block leading Indian drug maker Sun Pharma from launching an open offer to acquire majority stake in the former.
The trial of Gupta, one of the most high profile Wall Street executives to be charged with insider trading, began in US District Court, Southern District of New York on Monday amid intense media glare.
Former Indian American Goldman Sachs director Rajat Gupta is facing trial in one of the most high profile cases of insider trading in the US that will likely see investment guru Warren Buffet and Arcelor Mittal Chairman Lakshmi Mittal as potential witnesses.
Judgement is subject to an appeal period of 30 days from the date of its entry.
An Indian-origin former analyst has been accused of providing confidential company information in the Raj Rajaratnam-led insider trading scheme, has been fined $34 million for his role in the scheme.
If convicted all of them face imprisonment of up to 20 years, according to the indictment, which reads that the defendants "routinely received inside information directly or indirectly from insiders and provided it to each other for the purpose of trading based on the information", filed in the US court.
A US judge has ordered disgraced billionaire Raj Rajaratnam to pay over USD 92 million as penalty in the insider trading case filed against him by the US financial regulator, saying the "huge and brazen nature" of his fraud "cries out" for such an unprecedented fine.
May 21 promises to be a crucial day for the Indian-American community as one of corporate America's most prominent India-born executives is scheduled to go on trial here while miles away a New Jersey court is to decide the fate of a Chennai native convicted of a hate crime.
Two Indian Americans are at the centre of a case, which resulted in a deal that brought $600 million to the Securities and Exchange Commission, the largest amount it got ever to settle an investigation.
Reports say that law firms in the US have begun filing class-action suits against Satyam and its beleaguered executives for fraud. Two such class action lawsuits -- one by a US law firm Izard Nobel LLP and the other by an investor in Satyam ADS -- have been filed in a district court in New York.
India-born US Attorney for the Southern District of New York Preet Bharara said while 11 individuals were arrested in the US, another 13 were arrested in the UK, Bosnia, Bulgaria, Norway and Germany in the largest coordinated international law enforcement action in history directed at the 'carding' crimes -- offences.
US authorities have charged two Iranians with conspiring to carry out terror attacks in the country and participating in a plot, allegedly directed by elements of the Iranian government, to assassinate the Saudi ambassador to the United States.
The suit was filed on behalf of purchasers of Satyam's ADRs between January 6, 2004 through January 6, 2009. Price Waterhouse, the Indian unit of the global audit major, has been maintaining that it followed all the standard accounting principles while auditing the books of Satyam Computers. However, it also said that its auditing on Satyam could be construed invalid if the statements made by Raju in his admission letter on January 7 about the fraud were correct.
Anil Kumar came out from a courtroom in Southern New York, all smiles.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
The Wagner forces also shot down several Russian aircraft, leading to the deaths of an undisclosed number of airmen whom Putin has praised as "fallen hero pilots."
A top al-Qaeda operative, captured by US special forces in a secretive mission in Libya this month, pleaded not guilty to a charge of his involvement in the 1998 bombing of US embassies in Kenya and Tanzania that killed 224 people, in a New York court.
An Indian millionaire who owns an Internet gambling company has pleaded guilty to violating American laws and has agreed to forfeit $300 million as part of the deal.
US telecom-equipment maker Lucent Technologies faces bribery allegations in a giant Saudi telecom project, according to a lawsuit filed in a district court in the southern district of New York by Saudi-based Silki-La-Silki National Telecom.
The car maker, which filed for bankruptcy protection under Chapter 11 on Monday, owes $172.81 billion in total debts to its 50 largest creditors, including ArcelorMittal. In its filing with the bankruptcy court in the southern district of New York, GM said it has a 'trade debt' of $9.55 million to be paid to NRI-billionaire Lakshmi Mittal-led ArcelorMittal. According to the filing, the auto maker has assets worth $82.29 billion.
No theory would ever justify the public humiliation of the acting head of the consulate of a friendly country. Whatever be the eventual solution, grievous damage has been done to her personally and to the relations between the two countries, says Ambassador T P Sreenivasan.
Bharara was fired this month after he refused to resign as being asked by the Department of Justice along with 45 other US attorney, all of whom were appointed by the previous Obama Administration.
Bharara, 48, has made a national and international mark for himself with many high-profile cases and investigations including foreign countries, insider trading and those involving US politicians.
Indian diplomat Devyani Khobragade, arrested last week in New York on charges of visa fraud, was not subject to cavity search, as being alleged, the US Marshals Services has claimed.
As Preet Bharara told Rediff India Abroad, "When is the last time you had two Indian Americans doing a law enforcement press conference" dealing with violations of civil rights and taking the city of New York to court?
"I did not resign. Moments ago I was fired. Being the US Attorney in SDNY will forever be the greatest honour of my professional life," Bharara tweeted from his personal verified Twitter account, making a reference to his jurisdiction the Southern District of New York.
A United States court in New York has set a pre-trial hearing in April in the lawsuit filed by a Sikh rights group asking that Indian right wing organisation Rashtriya Swayamsevak Sangh be designated as a "foreign terrorist organisation" for alleged violent acts against religious minorities in India.
A Sikh rights group has filed a lawsuit asking a federal court in New York to designate Bharatiya Janata Party's ideological mentor Rashtriya Swayamsevak Sangh as a "foreign terrorist organisation".
More than 20 days after it was submitted by the United Nations, the United States continues to review the visa application of Indian diplomat Devyani Khobragade, which would give her full diplomatic immunity.
The office of American prosecutor Preet Bharara, whose decision to charge Devyani Khobargade on visa fraud touched off a furor in India, on Friday refused to comment on India's strong response to his statement.
Cohen, 52, was sentenced to 36 months in prison by the US District Court for the Southern District of New York.
A United States court has granted 15 days to the petitioners to respond to the State Department's "suggestion of immunity" to Prime Minister Narendra Modi in an alleged human rights violation case.
The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain's Cairn Energy, which is seeking to recover $1.72 billion from New Delhi after winning an arbitration against retro tax. Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. "Yes sir, an order has been passed by a French Court freezing certain Indian government properties in the case pertaining to Cairn Energy," he said.
The 24-year-old man charged with the attempted murder of Salman Rushdie has denied being in contact with Iran's Revolutionary Guard Corps and said that he acted alone when he stabbed the Mumbai-born author, whom he disliked for being 'disingenuous'.
'Units of the southern and western military districts, having completed their tasks, have already begun loading onto rail and road transport and will begin moving to their military garrisons today,' Russian Defence Ministry spokesman Igor Konashenkov said in his statement, reported The New York Times.
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