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Law Legislation

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    The American Bar Association has officially issued a warning on its website.

  • Facebook

    Some people go to court hoping to win millions of dollars. Tyler and Cameron Winklevoss have already won tens of millions. But six years into a legal feud with Facebook, they want to give it back — for a chance to get more. The New York Times reports.

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    January in the northern hemisphere is usually the coldest month of the year and it might prove to be a bitter one for euro zone governments trying to raise money in the capital markets, reports the Financial Times.

  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building in Washington, DC.

    Investors are turning to private exchanges, like Second Market and SharesPost, to buy shares of non-public companies such as Facebook or Twitter.  This is causing the SEC to take notice.

  • Julian Assange

    Julian Assange has signed book deals worth more than £1 million ($1.5 million) in the US and UK, to allow the WikiLeaks founder to cover his legal fees and maintain the whistleblowing site, reports the Financial Times.

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    With Democrats achieving their major victories in Congress by party-line votes, the next session could see more partisan animosity.  The New York Times reports.

  • House for sale

    You'd think that with barely a week left in 2010 we'd have a better idea of where we're headed in 2011, but a new round of data seem to have the experts more conflicted than ever.

  • Private Equity Risk

    Stephen A. Schwarzman, the chief executive of the Blackstone Group, is Paris-bound. Mr. Schwarzman will spend the next four to six months in France working on international opportunities for Blackstone. The New York Times reports.

  • Federal prosecutors asked for the exam after Stanford's court-appointed attorney argued the Texas financier is too heavily medicated to assist in his own defense at a criminal trial scheduled for next month.

  • Bank owned home

    To protect homeowners seeking loan modifications, California banned payment to lawyers before the work was done. Now lawyers say they cannot afford to help, The New York Times reports.

  • Home with foreclosure sign

    When North Carolina banking commissioner Joseph Smith's nomination to head the Federal Housing Finance Agency (FHFA) passed out of committee early last week, I thought it was a done deal. Not so much anymore. While his credentials seemed fit for the job, and his support widespread throughout the industry, his timing may be his downfall.

  • The chairman and CEO of Winnebago Industries, Robert Olson, told CNBC Thursday that the retail activity has been improving and dealers have stocked their inventories to meet demand.

  • Allen Stanford

    A federal appeals panel has upheld a freeze on the assets of more than 300 employees of Texas financier Allen Stanford, who is charged with running a $7 billion Ponzi scheme involving fraudulent certificates of deposit. 

  • Help Wanted sign

    To many manufacturing companies, the tax cut proposal now being considered in Washington may be just enough to spur additional spending and hiring. The New York Times reports.

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    By contradicting two prior opinions, Monday’s court ruling in Virginia against the Obama health care law highlighted both the novelty of the constitutional issues and the difficulty of forging consensus among judges who bring differences in experience, philosophy and partisan background to the bench, the New York Times reports.

  • Allen Stanford

    US securities regulators have broadened their investigation into the alleged $8 billion Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products, reports the Financial Times.

  • Bernie Madoff

    The lawsuits filed by the trustee seeking money for Bernard L. Madoff’s fraud victims may be a blow for the defendants — but they are catnip for an obscure breed of Wall Street traders speculating on the outcome of the enormous Madoff bankruptcy case, the New York Times reports.

  • Mark Madoff

    Mark Madoff's suicide is a tragedy.  But if he had life insurance, investigators will be looking into whether there was any funny business involved in purchasing it.

  • Gavel

    A concurrence by a brilliant judge on the 9th Circuit Court of Appeals may be a warning to federal authorities that they are over-stepping their bounds in pursuit of insider trading.