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  • 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."

  • UPDATE 1-Ex-Madoff accountant expected to plead guilty Tuesday, 17 Jun 2014 | 3:43 PM ET

    NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing. District Judge Laura Taylor Swain in Manhattan.

  • NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges that he helped the convicted swindler run his massive Ponzi scheme, a U.S. prosecutor said on Tuesday at a court hearing.

  • Judge Randall Rader of the U.S. Court of Appeals for the Federal Circuit previously stepped down from his leadership position on May 23. His decision at the time followed a report by the Wall Street Journal on an email Rader sent to Edward Reines, a lawyer at law firm Weil Gotshal& Manges, praising his work.

  • SHANGHAI, June 13- China's crackdown on corruption in the pharmaceutical sector has frightened foreign executives so much that some fear they could be jailed and have asked their lawyers if they should leave the country for six months.

  • SAN FRANCISCO, June 10- Patent risk management company RPX Corp is in advanced talks to acquire litigation data provider PatentFreedom, three sources familiar with the deal said, a move that highlights the growing importance of services for companies trying to fend off patent lawsuits.

  • Greisman pleaded guilty to conspiracy, tax evasion and Internal Revenue Service obstruction charges in 2009. Four other BDO partners or employees had also pleaded guilty in the case. BDO USA, as the accounting firm is now known, agreed in June 2012 to pay $50 million to resolve related government claims through a deferred prosecution agreement.

  • NEW YORK, June 10- Buyout firm Odyssey Investment Partners LLC is exploring a sale of Ranpak Corp that could value the company, one of the world's largest producers of protective paper packaging materials, at close to $1 billion, according to people familiar with the matter.

  • June 10- As U.S. lawsuits seeking gay-marriage rights move toward a likely showdown at the Supreme Court next year, major law firms are rushing to get involved- but only on the side of the proponents.

  • Victims of 2004 Ion crash sue GM to reopen case Monday, 9 Jun 2014 | 9:38 PM ET

    June 9- Victims of the crash of a Saturn Ion in 2004 have filed a lawsuit against General Motors Co to reopen a settlement and accusing the automaker of fraud.

  • NEW YORK, June 9- Two former vice chairmen of accounting firm BDO Seidman were sentenced to prison on Monday after pleading guilty to engaging in a conspiracy to defraud the United States through the promotion of tax shelters. Charles Bee was sentenced 1-1/ 3 years while Adrian Dicker received 10 months, in separate hearings before U.S.

  • NEW YORK, June 9- A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New York City over damage to their health, a federal appeals court decided on Monday.

  • Hertz had been scheduled to report results on May 7 but delayed the announcement, saying more work was required. Hertz's accountant is PricewaterhouseCoopers LLP. Hertz shares were down 10.6 percent at $27.25 in early trading on the New York Stock Exchange.

  • June 5- Plaintiffs' lawyers have begun scouring General Motors Co's report on its handling of faulty ignition switches that have been tied to 13 deaths and say they are finding details that could bolster their negligence cases.