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  • DETROIT, Nov 24- Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates...

  • Morgan Lewis announced on Friday that its partners voted to accept 227 partners from Bingham, which has about 300 overall. The announcement came days after Bingham partners voted to approve the deal. A Morgan Lewis spokeswoman declined to comment on the terms of the deal, and a Bingham spokeswoman did not immediately return a call for comment.

  • NEW YORK, Nov 13- An information technology engineer at Wilson Sonsini Goodrich& Rosati pleaded guilty on Thursday to insider trading based on information he learned while working at the prominent Silicon Valley law firm. Dimitry Braverman, 41, pleaded guilty in New York federal court to one count of securities fraud, two years after another Wilson Sonsini...

  • Law firm mergers create conflicts for companies Thursday, 13 Nov 2014 | 3:55 PM ET

    NEW YORK, Nov 13- After Patton Boggs merged. Now Tate and another ingredient maker asked a federal judge in Los Angeles to disqualify Squire Patton Boggs from working for the sugar companies, which include American Sugar Refining, Inc., Western Sugar Cooperative and C&H Sugar Co. If the judge agrees, the companies could lose lawyers who have put in 20,000 hours on...

  • Mendez will face intense scrutiny in the U.S. Senate, where many lawmakers are pressing the SIPC to be more sympathetic to investors. SIPC has come under fire by lawmakers from both parties, after the organization declined to launch a court proceeding to help the victims of Allen Stanford's $7 billion Ponzi scheme try to recover some of their losses.

  • Argentina Par holders eye group to control acceleration Wednesday, 5 Nov 2014 | 4:02 PM ET

    NEW YORK, Nov 5- Holders of Argentina's defaulted Par bonds are banding together to increase their leverage with the sovereign, using the threat of possible payment acceleration to solidify their position. About a dozen funds have been in talks with Chicago law firm Kirkland& Ellis, sources told IFR, with an eye to gaining at least 50% control over a single bond...

  • WASHINGTON, Nov 3- MetLife has retained a top Washington lawyer in its bid to escape a plan by the U.S. financial risk council to subject it to far tougher rules, a sign the largest U.S. insurer may be preparing a legal challenge. A MetLife spokesman told Reuters the company had retained Eugene Scalia, a partner at law firm Gibson Dunn LLP, who has successfully fought...

  • LONDON, Oct 28- British insurance broker Aon has launched Ebola liability cover for hospitals and other health care institutions, the company said on Tuesday. "There are several areas where there has not been certainty about coverage for Ebola," Gigi Norris, managing director of Aon Risk Solutions' Western Region Health Care Practice, said. The policy has been...

  • Oct 30- A Southern California law firm has sued Kimberly-Clark Corp for more than $500 million, alleging that the Kleenex tissue maker committed fraud by marketing and selling some of its surgical gowns as protection against Ebola. Law firm Eagan Avenatti said it filed a class-action lawsuit in a Los Angeles court on Wednesday, stating that Kimberly-Clark had...

  • Oct 30- A Southern California- based law firm has sued Kimberly-Clark Corp for more than $500 million, alleging that the Kleenex tissue maker committed fraud by marketing and selling some of its surgical gowns as protection against Ebola. Law firm Eagan Avenatti said it filed a class-action lawsuit in a Los Angeles court on Wednesday, stating that...

  • 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.

  • Judge Questions Citigroup's $590 Million Settlement Tuesday, 2 Apr 2013 | 2:04 AM ET
    A sign is displayed outside Citigroup Center in New York.

    A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.