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  • 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...

  • Dec 5- A federal judge has thrown out a whistleblower lawsuit by a former official of a unit of advertising company WPP Plc who claimed he was fired in retaliation for reporting accounting irregularities to his superiors. District Judge Gregory Woods in Manhattan said Daniel Berman, who was a finance director at WPP's NeozOgilvy LLC unit, did not qualify for...

  • Google faces lawsuit on mobile internet search Friday, 2 May 2014 | 10:20 AM ET

    A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.

  • The ugly battle over police pensions in America Thursday, 16 Jan 2014 | 3:50 PM ET
    Stockton Police officers talk with a parolee in Stockton, California.

    A drive by some cities to cut costly police retirement benefits has led to an extraordinary face-off between local politicians and the law enforcement officers.

  • HSBC hit with record $2.46 billion judgment Friday, 18 Oct 2013 | 3:02 AM ET

    A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.

  • Shutdown halts IRS seizures from tax cheats Saturday, 5 Oct 2013 | 8:48 AM ET
    The IRS building in Washington, D.C.

    The IRS said that it has stopped initiating new asset seizures from tax delinquents during the government shutdown.

  • Morningstar Says Client Data May Have Been Leaked Saturday, 6 Jul 2013 | 5:29 PM ET

    Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.

  • Britain to Quiz Google Again on Tax Wednesday, 1 May 2013 | 2:26 AM ET
    Google street view can on the Google Campus

    Google and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax and inconsistencies in the way Google portrays its activities in Britain.

  • FBI Launches Probe as KPMG Quits Herbalife, Skechers Wednesday, 10 Apr 2013 | 6:15 AM ET

    In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations.

  • KPMG Fires Partner for Role in Insider Trading Tuesday, 9 Apr 2013 | 6:38 AM ET

    KPMG said late on Monday it had fired a senior partner in the accounting firm's Los Angeles office for allegedly providing inside information to an unnamed third party.

  • RBS Faces $6 Billion Investor Action Thursday, 4 Apr 2013 | 2:25 AM ET
    Royal Bank of Scotland

    A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.