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  • Jan 12- Privately held 23 andMe Inc said Pfizer Inc would have access to its research services, helping the pharmaceutical giant better understand the lupus disease. About 5 million people worldwide have a form of lupus, according to the Lupus Foundation of America. Pfizer is already partnering with the company to study genetic factors associated with the...

  • NEW YORK, Jan 12- Two federal prosecutors who have led several high-profile fraud cases, including the government's criminal investigation of Bernard Madoff, are leaving the U.S. Justice Department to join prominent law firm Boies, Schiller& Flexner, according to an announcement Reuters reviewed before its public release. Matthew Schwartz and John Zach, who...

  • Jan 12- Former federal prosecutor David O'Neil will join law firm Debevoise& Plimpton as a partner in its Washington office, the New York Times reported. The law firm is expected to announce the hiring on Monday, the paper said. O'Neil joins Debevoise two years after Mary Jo White left the firm to become chairwoman of the Securities and Exchange Commission, while...

  • SINGAPORE, Jan 8- Singapore is updating guidelines on an accounting practice mired in controversy for helping multinational companies minimize their tax bills, as the city-state moves more in line with a crackdown by Western governments on aggressive tax avoidance. International taxation has come under scrutiny since a quirk of "transfer pricing" was found...

  • NEW YORK, Dec 30- A federal judge has rejected Wachtell, Lipton, Rosen& Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a 2012 hostile takeover of the oil refiner by billionaire Carl Icahn. District Judge Richard Sullivan in Manhattan declined to end the federal case even though a New York state...

  • NEW YORK, Dec 29- Condé Nast on Monday won a federal judge's preliminary approval to pay $5.85 million to settle a class-action lawsuit by thousands of former interns who claimed the magazine publisher underpaid them. Former interns who worked at Condé Nast from June 2007 to the present are expected to receive payments from $700 to $1,900.

  • WASHINGTON, Dec 29- Female chief financial officers at U.S. corporations are less likely to adopt high-risk tax-avoidance strategies than their male counterparts, according to a study by an accounting group. The analysis was done by four accounting professors at Rensselaer Polytechnic Institute and Fordham University. Tax aggressiveness was gauged by the...

  • Dec 26- Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in $98 billion of the company's securities over an alleged kickback and bribery scheme. The latest case was filed on Dec. 24 in Manhattan's federal court by the Labaton Sucharow law firm on behalf of the city of Providence,...

  • DENVER, Dec 22- Colorado's Attorney General John Suthers has sued two more law firms in the state for fraud, accusing them of inflating foreclosure costs charged to homeowners, his office said. As part of an ongoing investigation, Suthers has filed eight civil law enforcement actions against Colorado foreclosure law firms in 2014, five of which resulted in...

  • NEW YORK, Dec 12- A New York lawyer left a suicide note admitting that he had run a $5 million Ponzi scheme and called the investments "all an illusion," prosecutors said on Friday. Charles Bennett, 56, who was rescued Nov. 3 after he jumped into the Hudson River, was arrested and charged with securities and wire fraud in Manhattan federal court. The FBI arrested Bennett...

  • NEW YORK, Dec 12- A New York lawyer left a suicide note admitting that he had run a $5 million Ponzi scheme and called the investments "all an illusion," prosecutors said on Friday. Charles Bennett, 56, who was rescued Nov. 3 when he tried to commit suicide by jumping into the Hudson River, was arrested and charged with securities and wire fraud in Manhattan federal court.

  • WASHINGTON, Dec 12- A landmark U.S. Supreme Court decision in 2013 that made it all but impossible to sue foreign companies in U.S. courts for alleged roles in overseas human rights abuses is proving to be a boon for U.S. firms too, court documents show. Royal Dutch Petroleum Co, U.S. companies such as Chiquita Brands International Inc, IBM Corp and Ford Motor Co have...

  • Dec 11- Law firms and consultants reached agreements with Detroit over fees they charged the city for work on its historic bankruptcy, federal court mediators said on Thursday. As of Oct. 24, fees and expenses totaled nearly $141 million, with law firm Jones Day submitting the biggest bill, totaling $52.3 million. Detroit Mayor Mike Duggan had raised the...

  • RIO DE JANEIRO, Dec 8- State-controlled oil company Petroleo Brasileiro SA and its top executives face a class-action lawsuit in a federal court in New York over an alleged contract fixing, bribery and kickback scheme that lawyers say inflated the value of the company's assets. The suit was filed by law firm Wolf Popper LLP in the Southern District of New York on...

  • SEC Chief Accountant James Schnurr said in a speech that he does not have a predetermined view on an approach to the long-standing issue of harmonizing corporate accounting worldwide. The SEC for over a decade has grappled with whether and how to move the United States closer to IFRS, but has put off a final decision for years. The SEC requires U.S. companies to use...

  • Innovative lawyer changed the way top firms operate Monday, 8 Dec 2014 | 5:32 AM ET

    BETHESDA, Maryland, Dec 8- Although large firms dominate the list of those that are most successful at getting cases before the U.S. Supreme Court, there are a handful of exceptions. Perhaps the most notable is the unusual four-lawyer firm run by Thomas Goldstein in a Washington suburb 10 miles from the high court. Some of Goldstein's success can be traced to...

  • Chamber of Commerce forms its own elite law team Monday, 8 Dec 2014 | 5:32 AM ET

    WASHINGTON, Dec 8- Advocacy groups have long played an important role in Supreme Court litigation, crafting amicus or "friend of the court" briefs in significant cases. But perhaps no other national advocacy organization has so embraced the trend toward Supreme Court specialization as the chief American business lobby, the U.S. Chamber of Commerce.

  • Boutrous represented the world's largest retailer, Wal-Mart, in one of the most anticipated business cases in years. Gibson Dunn is not the only law firm to turn Supreme Court appearances into gold. After the firm Sidley Austin won a Supreme Court patent case for eBay, it earned at least $10 million in unrelated legal fees from the online retailer, say people with...

  • Analyzing the impact of the Supreme Court bar Monday, 8 Dec 2014 | 5:32 AM ET

    NEW YORK, Dec 8- Our reporting team used a wide array of data and computing tools to produce the most comprehensive analysis to date of the U.S. Supreme Court private bar. The data contained appeals filed during Supreme Court terms beginning in 2004 through 2012. At the time we began our analysis, it was the most complete data available. The data included about...

  • A Reuters examination of nine years of cases shows that 66 of the 17,000 lawyers who petitioned the Supreme Court succeeded at getting their clients' appeals heard at a remarkable rate. The lawyers are the most influential members of one of the most powerful specialties in America: the business of practicing before the Supreme Court. They are the elite of the...