Law

Citing attorney-client privilege, U.S. law firms keep secret the owners of money that moves into and out of their pooled accounts, a money-laundering vulnerability that U.S. prosecutors say was exploited in a multibillion-dollar fraud at Malaysian state fund 1MDB.

The fitness-tracker maker has withdrawn its year-old complaint with the U.S. International Trade Commission, saying it believes its rival is failing financially.

Most companies with entrenched boards are untouched by shareholder proxy campaigns, according to the latest report by MSCI ESG Research.

The U.S. reached a non-prosecution agreement with Redflex Traffic Systems Inc. over a bribery scandal that led to the convictions of the company's former chief executive officer and a Chicago city official, among others.