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  • The AICPA said it brought its federal lawsuit in the U.S. District Court for the District of Columbia, seeking to block the IRS from moving ahead with its program. "The IRS should withdraw the new rule, consult with stakeholders, and use the tools and data already at its disposal to monitor unethical tax return preparers," Melancon said.

  • July 15- The top U.S. auditor regulator said it expects to conduct its first inspection of a mainland Chinese audit firm by the end of the year, under an expected deal to resolve a long-running dispute between the United States and China regarding accounting oversight.

  • NEW YORK, July 14- Former leaders of the defunct law firm Dewey& LeBoeuf have asked a state judge to dismiss criminal charges against them, saying they should not be made "scapegoats" for the firm's downfall.

  • Syncora, which insures some of the city's bonds and interest-rate swaps, appealed an Aug. 28, 2013 ruling by U.S. Syncora's attorney, James H.M. Sprayregen at law firm Kirkland& Ellis LLP, said an appeal will be filed with the U.S. Sixth Circuit Court of Appeals.

  • NEW YORK, July 9- A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

  • June 30- A federal appeals court on Monday revived a lawsuit against CACI International Inc, in which the defense contractor's employees were accused of directing the torture of detainees at the Abu Ghraib prison near Baghdad. CACI employees had conducted interrogation and other services at Abu Ghraib.

  • June 30- A federal appeals court on Monday revived a lawsuit against CACI International Inc in which the defense contractor's employees were accused of directing the torture of detainees at the Abu Ghraib prison near Baghdad.

  • June 27- Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.

  • LONDON/ WASHINGTON June 27- Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.

  • June 27- Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.

  • HONG KONG, June 27- The Big Four accounting firms have taken out adverts in Hong Kong newspapers, urging organisers of a civil campaign seeking greater democracy to resolve disputes through dialogue, saying they oppose any moves to shut down the city in protest.

  • NEW YORK, June 26- A top official in the U.S. Attorney's Office in Manhattan who oversaw a number of high-profile insider trading cases is joining law firm Paul, Weiss, Rifkind, Wharton& Garrison, the New York firm said on Thursday.

  • Paul Daugerdas, who once ran the law firm's Chicago office, had been found guilty by a New York federal jury on charges including conspiracy, tax evasion and mail fraud. Prosecutors said Daugerdas reaped $95 million from the scheme, which involved fraudulent tax deductions or benefits exceeding $7 billion and $1.63 billion in lost U.S. tax revenue.

  • Paul Daugerdas, who once ran the law firm's Chicago office, had been found guilty by a New York federal jury on charges including conspiracy, tax evasion and mail fraud. The scheme resulted in over $7 billion in fraudulent tax deductions or benefits and $1.63 billion in lost tax revenue for the United States, prosecutors said.

  • WASHINGTON, June 25- The U.S. Supreme Court on Wednesday weakened the defenses available to banks in class-action lawsuits over retirement plan investment decisions. The case involved allegations against Fifth Third Bancorp for putting its own stock in employee retirement plans prior to a drop in share price.

  • NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, 78, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • Ex-Madoff accountant pleads guilty to aiding fraud Tuesday, 24 Jun 2014 | 12:00 PM ET

    NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • The patent court had split 5-5, effectively upholding a lower court decision but offering no clear guidance, prompting the Supreme Court to take the case.

  • NEW YORK, June 19- At a hearing Wednesday afternoon in Manhattan, Argentina's lawyer, Carmine Boccuzzi of Cleary Gottlieb Steen& Hamilton, informed U.S. Argentina also said in a brief to the Supreme Court that it would comply with U.S. court orders.

  • But the nine justices sent the case back to the 11th U.S. Circuit Court of Appeals and said that court had wrongly decided that IRS agents could be examined at an evidentiary hearing based on a taxpayer's mere "conclusory allegations."