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  • With the deadline for filing hours away, tax professionals across the country said some clients have been surprised to learn the Internal Revenue Service was taking a larger bite.

  • WASHINGTON, April 10- Public company and bank audits conducted around the globe by units affiliated with the world's six largest accounting firms are persistently riddled with flaws, a group of international regulators have found.

  • Judge awards fees to former trustee for co-op Thursday, 10 Apr 2014 | 1:00 PM ET

    BILLINGS, Mont.— A federal judge has awarded fees and costs to a former bankruptcy trustee and his lawyers who oversaw attempts to reorganize a Montana power cooperative. Bankruptcy Judge Ralph Kirscher said in a recent order that the fees sought by ex-trustee and Livingston attorney Lee Freeman were reasonable.

  • Audits around the world are riddled with problems -survey Thursday, 10 Apr 2014 | 10:00 AM ET

    WASHINGTON, April 10- Public company and bank audits conducted around the globe by units affiliated with the world's six largest accounting firms are persistently riddled with flaws, a group of international regulators have found.

  • WASHINGTON, April 8- The U.S. Internal Revenue Service asked Congress on Tuesday for legal authority to regulate thousands of unlicensed tax return preparers, but lawmakers were neutral on the idea.

  • CVS settles SEC investigation for $20 million Tuesday, 8 Apr 2014 | 3:05 PM ET

    CVS Caremark has finalized a $20 million settlement with the Securities and Exchange Commission over accusations that the company misled investors and used improper accounting to boost its performance several years ago.

  • WASHINGTON, April 8- A U.S. Senate panel on Tuesday approved Timothy Massad as the next chairman of the Commodity Futures Trading Commission and two other commissioners to head the swaps and futures markets watchdog. The only nominee to draw a "no" vote, from Senator Thad Cochran of Mississippi, was Sharon Bowen, a partner at law firm Latham& Watkins in New York.

  • NEW YORK, March 28- A New York judge on Friday unsealed the records of six former Dewey& LeBoeuf employees who.

  • NEW YORK, March 28- A New York judge on Friday unsealed the records of six former Dewey& LeBoeuf employees who.

  • Still, it's the more mundane details such as due diligence in hiring that could choke Oppenheimer and Morgan Stanley if regulators extend their investigations, lawyers said.

  • Nine partners quit Patton Boggs amid merger talks Friday, 28 Mar 2014 | 9:00 AM ET

    March 28- In the latest defections to hit Washington, D.C., law and lobbying firm Patton Boggs, nine partners are leaving the firm, according to several sources with direct knowledge of the moves. One of the parting lawyers, Benjamin Chew, led the commercial litigation and antitrust group, while Kevin Boardman had been on the firm's strategic planning committee.

  • Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • Ex-Dewey finance director admits accounting was false Thursday, 27 Mar 2014 | 4:02 PM ET

    Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • NEW YORK, March 25- Malaysian Airlines and Boeing Co are facing a potential lawsuit over the Beijing- bound flight that disappeared more than two weeks ago with 239 people on board, according to a law firm representing passengers' families.

  • The lawsuit, pending in Los Angeles federal district court, was filed by NML Capital, a unit of billionaire hedge fund manager Paul Singer's Elliott Management Corp, as part of a long-running series of court battles over Argentina's $100 billion default.

  • Patton Boggs leaders projected that any deal would take place before the end of April, two of the sources said. Patton Boggs managing partner Edward Newberry did not respond to a request for comment.

  • NEW YORK, March 21- A federal judge on Friday gave final approval to JPMorgan Chase& Co's $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme of former client Bernard Madoff.

  • The SEC has accused the Wyly brothers of using offshore trusts to hide stock sales in four companies closely tied to them. The accord marked the seventh time that the SEC has obtained an admission of wrongdoing from a defendant as part of a new settlement policy unveiled in June 2013 by SEC Chair Mary Jo White.

  • March 19- A Morgan Stanley stockbroker and a clerk at a prestigious New York law firm were charged with insider trading in corporate mergers, in an alleged four-year scheme involving a middleman who would chew up napkins on which he passed illegal tips.

  • March 19- A Morgan Stanley stockbroker and a clerk at a major New York law firm were charged with insider trading in corporate mergers, in an alleged four-year scheme involving a middleman who would chew up napkins on which he passed illegal tips.

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