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NEW YORK, Feb 21- Law firm Pepper Hamilton, which two weeks ago elevated former FBI director Louis Freeh to chairman, said on Thursday it had hired Larry Byrne, a former federal prosecutor and head of Linklaters' U.S. litigation department in New York, along with three other Linklaters lawyers.
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Carnival Corp should be held liable for physical and emotional anguish inflicted on the passengers as well as punitive damages, according to the lawsuit by Matt and Melissa Crusan. The lawsuit was filed on Monday in U.S. federal court in Miami.
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Feb 20- Lockheed Martin Corp has agreed to pay $19.5 million to settle a securities fraud class-action lawsuit accusing the company of misleading investors about the prospects for its information technology division, according to court papers.
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* "All hell breaks loose" if IRS loses- professor. WASHINGTON, Feb 19- The Supreme Court on Wednesday will hear arguments in a dispute between U.S. tax authorities and PPL Corp over a British tax imposed on the power utility after it bought one of many businesses privatized by former British Prime Minister Margaret Thatcher.
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MADRID, Feb 14- Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts.
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Feb 13- Inventors based in the United States led the world in nanotechnology patent applications and grants in 2012, according to a new study by law firm McDermott Will& Emory.
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Feb 14- Merck& Co on Thursday said it has agreed to pay $688 million to settle two U.S. investor lawsuits over disclosures of the results of a clinical trial involving the anti-cholesterol drug Vytorin. The lawsuits alleged that Merck and Schering-Plough Corp knew far in advance that the trial was a failure, but withheld that information from investors.
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NEW YORK, Feb 13- Apple Inc on Wednesday was hit by another shareholder lawsuit, a case that is similar to the court challenge that star hedge fund manager David Einhorn brought as part of his push to unlock the company's cash hoard.
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Feb 12- Approximately 450 former employees and lawyers of Dewey& LeBoeuf can present their case for a class action against the defunct New York law firm, a federal bankruptcy judge in Manhattan ruled on Monday.
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You think you've got it bad - your manager has it really tough. In this new book, the authors explain what managers are good for ... and why we should cut them some slack.
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Feb 6- A group of lawsuits by shareholders objecting to the sale of the New York Stock Exchange has put state judges in Delaware and New York on a collision course, highlighting a recent boom in a chaotic and sometimes costly type of litigation. The first lawsuit was filed by an individual investor in the Court of Chancery in Delaware, where NYSE is incorporated.
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*S&P parent McGraw-Hill sees shares fall 23 pct in 2 days. Feb 5- The U.S. government is seeking $5 billion in its civil lawsuit accusing Standard& Poor's of a flagrant scheme to defraud investors, in one of the Justice Department's most ambitious cases tied to the financial crisis.
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NEW YORK, Feb 5- A federal jury on Tuesday ordered Merck& Co Inc to pay $285,000 in a lawsuit over the risks of its osteoporosis drug Fosamax, the second loss for the company after several earlier trials.
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NEW YORK, Feb 5- A federal jury on Tuesday ordered Merck& Co Inc to pay $285,000 in a lawsuit over the risks of its osteoporosis drug Fosamax, only a second loss for the company after several earlier trials.
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NEW YORK, Feb 4- A groundbreaking proposal in Britain making it easier to bring antitrust class actions has business groups worldwide fearful that London will become a center for litigation abuses. The proposal would move Britain closer to the American class-action system, which Europeans have long resisted and derided for what they call its excesses.
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*IRS allowed to keep program intact for now, judge orders. Feb 1- A U.S. judge on Friday modified an earlier order and said the Internal Revenue Service does not have to shut down a new program for registering and testing tax preparers, but he also said preparers need not take IRS tests or pay related fees.
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NEW YORK, Jan 31- The U.S. Justice Department has added a former top executive at Countrywide Financial Corp as a defendant in a lawsuit accusing Bank of America Corp of causing taxpayers $1 billion in losses to Fannie Mae and Freddie Mac. Rebecca Mairone was added as a defendant in an amended civil lawsuit dated Jan. 11 and filed in U.S. District Court in New York.
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LONDON, Jan 31- UK lawmakers grilled senior tax officials from leading accounting firms on Thursday over their role in helping big companies avoid tax, and said they could be banned from government contracts because of their tax work.
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NEW YORK, Jan 25- A judge on Friday approved a plan by bankrupt law firm Dewey& LeBoeuf to foot some of the cost of destroying old client files, a bill that could ultimately reach almost $1.4 million.
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HONG KONG, Jan 24- A Chinese mining equipment company at the centre of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar Inc., public filings show.