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  • TRENTON, N.J.— The former accountant for a famous Princeton University musical-comedy group whose members have included F. Scott Fitzgerald and Brooke Shields has admitted embezzling $240,000. Fifty-six-year-old Thomas Muza of Hightstown pleaded guilty to second-degree theft by unlawful taking from Princeton's Triangle Club. Princeton's Triangle...

  • U.S. law firm rallies Tesco investors to join lawsuit Tuesday, 24 Mar 2015 | 5:22 AM ET

    The overstatement led to a sharp decline in the market value of Britain's biggest retailer, driving its share price down to a 14 year low, and prompted a criminal investigation by Britain's Serious Fraud Office. Tesco Shareholder Claims Limited, a group funded by U.S. litigation firm Scott+ Scott, said on Tuesday it would seek to bring an action against Tesco on...

  • Consumer tips for using paid tax preparers Sunday, 22 Mar 2015 | 7:54 AM ET

    Some consumer tips to help avoid excessive fees or potential fraud when using paid tax preparers, according to the Justice Department, Internal Revenue Service and the Consumer Financial Protection Bureau:. —Report abusive tax preparers to the IRS, using forms 14157 and 14157- A. If your income is $53,000 or less, if you have a disability or are a limited English...

  • About 55 percent of Earned Income Tax Credit recipients reported using a paid tax preparer last year.

  • A lawsuit filed in January accused Michael Hudson of stealing $3.3 million from Frisch's Restaurants Inc. in a multiyear embezzlement scheme. But The Cincinnati Enquirer reports the company now says an internal investigation with forensic accountants has revealed that Hudson actually stole $3.9 million over seven years. The company owns 95 Big Boy...

  • The strategy usually involves buying stock in a Delaware- incorporated company that is being acquired and then filing a claim that gets a judge to determine the fair price for the shares in a process known as appraisal. But now the top corporate lawyers in Delaware, where about two-thirds of Fortune 500 companies are chartered, are proposing an amendment to the...

  • The Harvard- trained lawyer, who departed last week as NSA general counsel, arrived at the spy agency three years ago following stints at the White House, the Justice Department and the 9/ 11 Commission. De's outsider status, his White House ties and his willingness to engage with skeptics helped guide the digital spy agency through the biggest crisis in its...

  • NEW YORK, March 17- Four plaintiffs' lawyers, including high-profile attorney David Boies, were appointed by a federal judge on Tuesday to lead civil litigation against Takata Corp and several car manufacturers for injuries caused by allegedly faulty air bags. Prieto filed one of the first U.S. lawsuits last year against the Japanese company alleging that...

  • U.S. judge taps lead lawyers for Takata air bag cases Tuesday, 17 Mar 2015 | 6:10 PM ET

    NEW YORK, March 17- Five plaintiffs' lawyers, including high-profile attorney David Boies, were appointed by a federal judge on Tuesday to lead civil litigation against Takata Corp and several car manufacturers for injuries caused by allegedly faulty air bags. Prieto filed one of the first U.S. lawsuits last year against the Japanese company alleging that...

  • NEW YORK, March 13- A U.S. housing regulator is set to take two of the world's biggest banks to trial on Monday to try and recoup more than $1 billion in damages over mortgage bonds sold to government-run mortgage finance companies ahead of the 2008 economic crisis. Lawyers for the regulator will face off with attorneys of Nomura Holdings Inc and Royal Bank of...

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS THAT LAW FIRM WHITE AND CASE TO ADVISE ON DEBT RESTRUCTURING.

  • SPRINGFIELD, Ill., March 11- A state lawyer defending the landmark 2013 pension reform law faced tough questions on Wednesday from an Illinois Supreme Court judge at a high-stakes hearing about whether the legislature had the right to cut benefits. Justice Robert R. Thomas asked State Solicitor General Carolyn Shapiro. " "It is clear that the pension clause and the...

  • March 10- The U.S. National Security Agency was sued on Tuesday by an array of groups challenging one of its mass surveillance programs that they said violates Americans' privacy and threatens communications worldwide by dissidents living under oppressive regimes. The lawsuit filed in federal court in Maryland, where the spy agency is based, said the NSA is...

  • Investors may pursue U.S. lawsuit over Stanford fraud Thursday, 5 Mar 2015 | 11:23 AM ET

    *U.S. Supreme Court allowed lawsuit to go forward. District Judge David Godbey in Dallas said on Wednesday the roughly 18,000 investors could pursue claims that Chadbourne& Parke and Proskauer Rose knew Stanford was selling fraudulent high-yielding certificates of deposit through his Antigua- based Stanford International Bank, and helped him obstruct a...

  • March 3- When the U.S. Supreme Court takes up the new challenge to President Barack Obama's healthcare law on Wednesday, the justices will hear from two experienced attorneys with dueling views and contrasting styles. Solicitor General Donald Verrilli, 57, will defend the law for the Obama administration. "This was a train wreck for the Obama administration," CNN...

  • COLUMN-Prepare to wait for U.S. tax help Monday, 2 Mar 2015 | 8:00 AM ET

    The problems start with the fact that the IRS has cut nearly 12,000 positions as its budget has fallen by an inflation-adjusted 17 percent since 2010.. In addition, the IRS changed the rules on how repairs to tangible property are treated, requiring accounting changes for businesses, including landlords, that own real estate and equipment.

  • NEW YORK, Feb 25- Three major U.S. tobacco companies- R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA- will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida by smokers...

  • NEW YORK, Feb 25- Three major U.S. tobacco companies including R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida...

  • MIAMI/ HAVANA, Feb 20- Hugo Cancio believes he's the new face of American-style entrepreneurship in Cuba. U.S. cable networks, private equity funds and law firms ask for Cancio's take on the thaw in relations between the United States and Cuba announced by President Obama in December. Antonio Zamora, a Miami lawyer aiming to do business in Cuba, said Cancio "is way...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block Sysco Corp's proposed takeover of rival food distributor US Foods Inc, saying the $3.5 billion deal would "eliminate significant competition" in the sector. Sysco's share price was down 3.4 percent for the day, initially on concerns that the Federal Trade Commission was...