A judge for the US Bankruptcy Court for the Southern District of New York ruled Tuesday that victims of the Bernie Madoff Ponzi scheme can only recover the principal amount invested without accounting for inflation over the past five years. Under the Securities Investors Protection ACT (SIPA) , defrauded investors are entitled to a return [...]

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Pennsylvania Attorney General Kathleen Kane filed criminal charges on Tuesday against XTO Energy, an Exxon Mobil subsidiary based in Fort Worth, Texas, related to a spill of more than 50,000 gallons of chemical-laced wastewater in 2010. Having already been fined $100,000 by the Environmental Protection Agency (EPA) and the Department of Justice (DOJ) in July, [...]

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Venezuela’s government officially withdrew from an international human rights court on Tuesday, fulfilling a plan by former president Hugo Chavez . Venezuelan President Nicolas Maduro tweeted that the country would withdraw from the Inter-American Commission on Human Rights (IACHR) because the IACHR had allegedly become an instrument to “persecute progressive governments.” Venezuela’s exit from the [...]

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