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  • The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC Capital Partners, has 267 gyms across nine countries including South Africa, home to the largest number of Virgin Active clubs, Thailand and Britain. Brait has proposed to take an 80 percent stake in Virgin Active for 682 million pounds, valuing the gym chain...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters. A spokeswoman for Ernst& Young declined to comment, as did a spokesman for New York...

  • BEIJING, April 15- The Chinese government has hired seven accounting firms to carry out an audit of the overseas assets of China's state-owned enterprises, the sector's regulator said on Wednesday, as it tries to improve transparency and combat corruption. The State-owned Assets Supervision and Administration Commission said that it will spend 11.39...

  • The IRS has received more than 99 million tax returns as of April 3, and about 78 percent of them have qualified for refunds. The IRS expects to process 150 million returns by the end of the tax season. Last year, the IRS conducted the fewest number of tax audits in a decade, and the number could be even lower this year, said IRS Commissioner John Koskinen.

  • LeBoeuf would swing by the local H&R Block office, pay $150 and end up with a refund. The 32- year-old from Providence, Rhode Island paid $470 this year to a professional tax preparer, and her refund got eaten up by the taxes on her side gig income. "There are a lot of people out there who are starting to realize they don't have it all together," says Robert Wheeler, who runs...

  • PROVIDENCE, R.I.— State ethics rules don't prohibit a state representative from forming a law firm with two other attorneys who are registered legislative lobbyists, the Rhode Island Ethics Commission found on Tuesday. But Chairman Ross Cheit told McKiernan they couldn't advise him to recuse himself when his new partners lobby; the commission lost its...

  • The top 20 U.S. metropolitan areas projected to see the biggest growth in average effective apartment rent this year. Effective rent is what a tenant pays after factoring in landlord concessions, such as a free month at move-in. Source: Marcus& Millichap Research Services, MPF Research.

  • TOPEKA, Kan.— A former candidate for Kansas governor said Monday that he and other attorneys who are suing two subsidiaries of Anthem Inc. can show that individuals were harmed after hackers breached the health insurer's computer networks. Paul Davis and other attorneys who filed the lawsuit earlier this month in Douglas County District Court on behalf of a...

  • COLUMN-What to do when you can't pay your tax bill Monday, 13 Apr 2015 | 4:00 AM ET

    And despite television ads to the contrary, settlements aren't easy to win, particularly when you have assets the IRS can go after. "It's not going to work with the IRS." The consequences of owing the IRS are severe enough that people should search hard for ways to pay, tax professionals said.

  • NEW YORK, April 1- A New York lawyer was charged on Wednesday over his alleged role in a scheme by a former United Parcel Service Inc executive's son to fraudulently obtain millions of dollars to finance the purchase of Maxim magazine. Harvey Newkirk, a former lawyer at the law firm Bryan Cave LLP, was charged in a criminal complaint filed in Manhattan federal court...

  • NEW YORK, April 1- A New York lawyer was arrested on Wednesday for his alleged role in a scheme by the son of a former United Parcel Service Inc executive to fraudulently obtain millions of dollars to finance the purchase of Maxim magazine, the lawyer's counsel said. Harvey Newkirk, a former lawyer at the law firm Bryan Cave LLP, was charged in a criminal complaint...

  • TORONTO, March 30- A Nova Scotia law firm has said it will file a class action lawsuit representing passengers on an Air Canada flight that suffered heavy damage after landing short of the runway in Halifax on Sunday, CBC News said on Monday. The report said MacGillivray Injury and Insurance Law was instructed to file a lawsuit by an individual who is seeking...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday declined to hear a new challenge to President Barack Obama's healthcare law that took aim at a bureaucratic board labeled by some Republicans as a "death panel" because it was designed to cut Medicare costs. The high court left intact a ruling by the San Francisco- based 9th U.S. Circuit Court of Appeals that threw...

  • SAN FRANCISCO, March 27- Former Kleiner, Perkins, Caufield and Byers partner Ellen Pao is not the only person who lost when a California jury rejected her claims of gender discrimination against the venture capital firm. Pao sought about $16 million in lost wages and tens of millions more in punitive damages in a lawsuit that captivated Silicon Valley.

  • 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...

  • 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...

  • 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...