Alleged TARP Fraud: Federal prosecutors have charged the former president of New York's with making false statements in order to receive a government bailout, The Wall Street Journal reports. The bank failed on Friday after a net loss of more than $27 million last year.
Alleged RICO Activity: Plaintiffs lawyers spearheading the litigation against Toyota on behalf of consumers whose vehicles have been recalled have added racketeering claims, The National Law Journal reports. The lawyers allege that the Japanese automaker falsely denied for the past decade that its vehicles are subject to sudden unintended acceleration and other defects.
A 'Fearless Predator': The Washington Post reports on the "East Coast Rapist," a man whom police know much about -- including his DNA -- but have not been able to identify, let alone arrest. He has attacked women for more than a decade, most recently in Northern Virginia.
Still in Demand: The estate of Michael Jackson has signed a new lucrative contract with Sony that includes a guaranteed $250 million for the estate, The New York Times reports. Betting on the late singer's continued popularity, one lawyer said, “New generations of kids are discovering Michael.”
Securities Fraud: A former McGuireWoods partner pleaded guilty in federal court Monday to securities fraud, the New York Law Journal reports via Law.com.