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  • WASHINGTON, Dec 26- The U.S. In a ruling on Monday, a Tax Court judge denied Adam Hart of Florida, who was studying for a Master of Business Administration degree in finance, a $17,138 tax deduction he claimed for his tuition costs in 2009. The IRS billed Hart for $2,572 in unpaid taxes.

  • ALEXANDRIA, Virginia, Dec 23- The U.S. Air Force had great expectations for the Expeditionary Combat Support System when it launched the project in 2005. This accountants' silver bullet, the Air Force predicted a year later, "will fundamentally revolutionize the way the Air Force provides logistics support."

  • If the city cannot reach an agreement over costly interest-rate swap deals with banks and objecting parties, attorney Thomas Cullen of law firm Jones Day said, Detroit would retain its rights to litigate an end to the swaps.

  • WASHINGTON, Dec 20- The fight against Wall Street crime, long the domain of New York prosecutors, is increasingly being pursued out of Washington, as lawyers at the Justice Department's headquarters build expertise and gain the clout needed to grab high-profile cases.

  • Washington gains clout in white-collar prosecutions Friday, 20 Dec 2013 | 12:18 PM ET

    WASHINGTON, Dec 20- The fight against Wall Street crime, long the domain of New York prosecutors, is increasingly being pursued out of Washington, as lawyers at the Justice Department's headquarters build expertise and gain the clout needed to grab high-profile cases.

  • Sanofi faces U.S. class action over MS drug Lemtrada Friday, 20 Dec 2013 | 10:30 AM ET

    PARIS, Dec 20- A U.S. law firm is launching a class action against France's Sanofi over what it calls misleading statements on the safety and efficacy of its multiple sclerosis drug Lemtrada. Law firm Lieff Cabraser Heimann& Bernstein, LLP said on Friday it was bringing litigation on behalf of all purchasers of the CVRs between March 6, 2012 and Nov. 7, 2013.

  • *Grant Thornton chalks up record revenues of $4.5 billion. LONDON, Dec 20- European Union rules agreed this week to increase competition in accounting are already being felt two years before they take effect, accountants Grant Thornton International said.

  • Dec 19- Washington law firm Patton Boggs has ended merger talks with the larger Texas- based Locke Lord, according to two sources familiar with the negotiations.

  • Detroit might sue swap counterparties -city attorney Wednesday, 18 Dec 2013 | 2:04 PM ET

    DETROIT, Dec 18- A lawyer for Detroit said in U.S. Bankruptcy Court on Wednesday that the city might still pursue litigation over its interest-rate swap agreements, even though the city has maintained that the swap counterparties are secured creditors.

  • NEW YORK, Dec 9- Merck& Co Inc said on Monday that it was prepared to pay $27.7 million to settle lawsuits by hundreds of people who sued the company over allegations that its osteoporosis drug Fosamax caused bones in the jaw to deteriorate.

  • As part of the settlement, former Fifth Third Chief Financial Officer Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant for any publicly traded company, the SEC said on Wednesday. The SEC case arose after the U.S. real estate downturn had caused a surge in nonperforming assets at Fifth Third.

  • Dec 4- Fifth Third Bancorp, a Midwest U.S. regional bank, has agreed to pay $6.5 million to settle U.S. Securities and Exchange Commission charges that it accounted improperly for commercial real estate loans during the 2008 financial crisis, reducing its reported loss.

  • WASHINGTON, Dec 4- The U.S. audit watchdog revived a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.

  • U.S. watchdog to revive proposal to name audit partner Wednesday, 4 Dec 2013 | 7:00 AM ET

    WASHINGTON, Dec 4- The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.

  • WASHINGTON, Dec 4- Wal-Mart Stores Inc is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the federal probe.

  • Nov 26- The U.S. Supreme Court will hear a dispute in the bankruptcy of a small-town pizza shop owner, taking on a case that could dictate how inherited individual retirement accounts are treated in bankruptcy.

  • NEW YORK, Nov 14- President Barack Obama has renewed his promise that if you like your health insurance plan, you can keep it- at least for another year.

  • NEW YORK, Nov 14- President Barack Obama has renewed his promise that if you like your health insurance plan, you can keep it- at least for another year.

  • Lawyer for Goldman's Tourre to join Kramer Levin Wednesday, 13 Nov 2013 | 6:03 PM ET

    NEW YORK, Nov 13- Sean Coffey, a New York attorney who represented investors in litigation over WorldCom Inc's collapse and defended former Goldman Sachs trader Fabrice Tourre at trial, is joining the law firm Kramer Levin Naftalis& Frankel.

  • ORLANDO, Fla., Nov 1- A Florida lawyer known as the "foreclosure king" who allegedly left a string of fraudulent legal documents and more than 100,000 abandoned court cases in his wake is facing disbarment as a result of a court ruling this week.

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