Jos. A. Bank Clothiers Inc. disclosed Thursday that Ohio's attorney general is looking into some of its advertising and marketing practices. Kate Hanson, a representative for Ohio Attorney General Mike DeWine, said the office could not comment under state law.» Read More
BEIJING, Sept 2- A series of confessions by foreign and local executives on China's state-controlled television has spurred anxiety among the business community about a trend that some lawyers say makes a mockery of due process. Confessions have long been part of China's legal landscape, with petty criminals routinely admitting their guilt on television.
*Accord requires approval of federal judge in Manhattan. NEW YORK, Aug 28- Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007..
NEW YORK, Aug 28- Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on Wednesday, according to U.S. court documents and the plaintiffs' lawyers.
WASHINGTON, Aug 26- The U.S. futures regulator on Monday barred Jeannie Veraja-Snelling from working as an accountant for firms it oversees after she failed to detect the massive fraud at failed brokerage Peregrine Financial Group.
NEW YORK, Aug 21- Louis Bacon's Moore Capital Management has agreed to pay $48.4 million to settle a class-action lawsuit asserting that the hedge fund manipulated platinum and palladium prices, the plaintiff's lead attorney said on Wednesday. A spokesman for New York- based Moore Capital, a prominent hedge fund, declined to comment.
NEW YORK, Aug 16- A Swiss lawyer accused of helping U.S. clients conceal millions of dollars in offshore accounts pleaded guilty to conspiracy to commit tax fraud in federal court in New York on Friday.
LONDON, Aug 15- BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, according to Joe Rice, negotiator of last year's settlement on behalf of over 100,000 compensation claimants.
NEW YORK/ ATLANTA Aug 14- US Airways Group Inc and American vowed on Wednesday to fight the federal government's anti-trust lawsuit in court by arguing their proposed $11 billion merger would promote competition.
WASHINGTON, Aug 13- AMR Corp's American Airlines and US Airways Group Inc could be in for a long and bruising courtroom battle against seasoned lawyers if they choose to keep fighting the U.S. Justice Department's objection to their merger.
That is, until the SEC decided to bring a civil fraud suit against former Goldman Sachs Vice President Fabrice Tourre, the highest profile case to emerge from the agency's investigations into the causes of the 2008 financial crisis. The SEC accused Tourre, 34, of misleading investors in a synthetic collateralized debt obligation called Abacus 2007- AC1.
WILMINGTON, Del., Aug 1- Detroit's bankruptcy filing last month brought a double-barreled bonus for lawyers- lots of much-needed work, and, due to a quirk of municipal bankruptcy law, no apparent need to disclose the fees they charge. A spokesman for the U.S. Bankruptcy Court in Detroit said Rhodes would not comment.
LONDON, July 29- Accountancy firm Deloitte has lost its appeal against a regulatory ruling that it failed to manage conflicts of interest in its advice to MG Rover Group and the "Phoenix Four" directors who bought the British carmaker before it collapsed.
NEW YORK, July 25- The decision by federal prosecutors to bring criminal charges against hedge fund SAC Capital Advisors LP, rather than its billionaire owner, Steven A. Cohen, makes it more likely that the government will be able to secure a guilty verdict, lawyers say.
DETROIT, July 24- A U.S. bankruptcy court judge said he may rule later on Wednesday on whether lawsuits challenging Detroit's bankruptcy filing on state constitutional grounds should be suspended while he reviews the city's petition for protection from creditors.
DETROIT, July 24- Lawyers for the city of Detroit on Wednesday asked a U.S. bankruptcy judge to set aside all other lawsuits seeking to block the city's petition for bankruptcy protection, arguing that federal bankruptcy court is the only venue to debate the matter.
He had been in talks with law firms since leaving the SEC in January. Kirkland& Ellis also said it has hired Kenneth Lench, a high-ranking SEC enforcement lawyer who helped oversee many of the cases stemming from the financial crisis. Lench will leave the SEC at the end of this week.
He had been in talks with law firms since leaving the SEC in January. Kirkland& Ellis also said it has hired Kenneth Lench, a high-ranking SEC enforcement lawyer who helped oversee many of the cases stemming from the financial crisis.
LONDON, July 22- Britain's Competition Commission set out on Monday plans for reforming an accounting market dominated by the "Big Four" audit firms- KPMG, Ernst& Young, Deloitte and PwC. *Top 350 UK listed companies must put their audit work out to tender at least every five years, deferred for a further two years in exceptional circumstances.
LONDON, July 22- Britain's competition watchdog has ditched its more radical ideas for shaking up an accounting market dominated by the "Big Four" audit firms, leaving it to the European Union to take tougher action.
July 21- With more than $18 billion at stake in Detroit's restructuring, big law firms and other advisers are clamoring to represent the city's many creditors- including some advisers not exactly known for municipal work. David Dubrow, a lawyer at Arent Fox, confirmed on Saturday that he has been tapped by Ambac Financial Group.