Commercial and Professional Services Professional Services

  • Dec 2- The U.S. Supreme Court on Friday agreed to hear appeals by Christian-affiliated hospital systems of lower court rulings that gave the green light to employee lawsuits accusing them of wrongly claiming a religious exemption from federal pension law. New Jersey- based St. Peter's Healthcare System, Illinois- based Advocate Health System and California-...

  • Dec 1- The U.S. Commodity Futures Trading Commission failed to verify whether futures and swaps brokerage firms have adequate policies to help ward off cyber attacks, an internal CFTC audit found. The audit was completed in October by Brown& Company CPAS and Management Consultants PLLC at the request of the CFTC's inspector general. Auditors took issue with the...

  • LONDON, Dec 1- Standard Chartered has hired Barclays' top regulatory lawyer Chris Allen as its new general counsel, clients and products, sources with direct knowledge of the matter said on Thursday. He will be based in Singapore and report to the bank's most senior lawyer, general counsel David Fein, the same source said. Standard Chartered faces a number of legal...

  • LONDON, Nov 29- UK- based law firm Eversheds is in merger talks with U.S. peer Sutherland Asbill& Brennan in the latest attempt by the British firm to secure a U.S. tie-up. Eversheds' Chief Executive Bryan Hughes outlined plans in 2012 to become a "global leader" by 2020, partly to better serve the global needs of clients, and the firm has been openly keen to clinch a U.S....

  • SAN FRANCISCO, Nov 28- Software company Zenefits has been fined $7 million by California's insurance regulator, marking the biggest penalty yet for the startup that has faced multiple investigations for flouting insurance laws. The company offers free software to businesses and makes money acting as a health insurance broker, working as the middleman...

  • President-elect Donald Trump's transition team for the Justice Department, a choice that lawyers say signals a more hands-off approach to antitrust enforcement compared to Democratic President Barack Obama. David Higbee, a partner at the law firm Hunton& Williams LLP, worked for President George W. Bush's administration from 2001 to 2005, spending the last...

  • ALBANY, N.Y.— A corporate accountant in New York admitted Monday to stealing at least $3.1 million from agribusiness giant Cargill, Inc., and causing $25 million in losses to the privately held company's grain shipping operations at the Port of Albany. Diane Backis, of Athens, New York, pleaded guilty Monday in federal court in Albany to mail fraud and filing a false...

  • Nov 22- The U.S. Securities and Exchange Commission said on Tuesday that it would name Wesley Bricker its chief accountant after incumbent James Schnurr retires. Bricker, formerly a partner at PricewaterhouseCoopers LLP, has served as the SEC's deputy chief accountant since 2015 and interim chief accountant since July 2016, when Schnurr was recovering from a...

  • LAW FIRMS REPRESENTING STUDENTS IN TRUMP UNIVERSITY CASE WILL NOT SEEK ATTORNEYS FEES, ONLY COSTS- SOURCE.

  • NEW YORK, Nov 15- The federal board tasked with overseeing a major financial overhaul in Puerto Rico has held interviews with a handful of candidates for its counsel from a wide list of applicants, people familiar with the talks said on Tuesday. The board has interviewed candidates including Chadbourne& Parke LLP, Proskauer Rose LLP, Morrison& Foerster LLP, Sidley...

  • Stefan Buck, who was head of private banking at the now-shuttered Zurich- based Bank Frey& Co, pleaded not guilty at a hearing last Wednesday in Manhattan federal court and was released on a $100,000 bond, said Marc Agnifilo, his lawyer. Buck, 36, had been living in Switzerland since his indictment in 2013 in what was one of a number of cases spilling out of a broad...

  • In a letter filed on Monday in federal court in Manhattan, lawyers for the SEC, the House Ways and Means Committee and ex-staffer Brian Sutter said they had reached an agreement on a protocol for the agency to review documents it had sought. The decision to drop the appeal came after a three-judge panel of the 2nd U.S. Circuit Court of Appeals in June appeared during...

  • LONDON, Nov 14- Mozambique wants to strike a debt restructuring deal before the end of this year and aims to treat bondholders on par with its other commercial creditors, the country's legal advisor told Reuters. "There is virtually no capacity for Mozambique to pay anything to commercial creditors in coming years," said Ian Clark, a partner at law firm White& Case...

  • LONDON, Nov 14- Litigation management company Bentham Europe plans to fund a potential 100 billion euro damages claim against Europe's biggest truck makers after they admitted to operating a 14- year price cartel. Bentham Europe, owned by funds managed by U.S. investment firm Elliott Management, estimates that 10 million trucks were sold across the EU in the...

  • WASHINGTON, Nov 11- The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. An agency to protect consumers' finances was the idea of liberal...

  • WASHINGTON, Nov 11- The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. An agency to protect consumers' finances was the idea of liberal...

  • TOKYO, Nov 11- Regulators in Japan are planning new rules to improve standards in the auditing profession in a bid to avert scandals like last year's $1.3 billion overstatement of profit by Toshiba Corp., which went unnoticed by the country's biggest auditor for years. Improving corporate governance in Japan has been a key theme of Prime Minister Shinzo Abe's...

  • LONDON, Nov 2- A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board wants to make company reports more uniform globally and increase discipline in how accountants present their findings. IASB Chairman Hans...

  • Oct 28- The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme. A separate $15 million fund will pay claims by California investors, resolving litigation by that...

  • BOSTON/ LOS ANGELES, Oct 27- Chipotle Mexican Grill Inc has turned to high-profile investment bankers and lawyers to help defend against activist investor William Ackman, according to two people familiar with the matter on Thursday. Investment banks Goldman Sachs Group Inc and Morgan Stanley, as well as law firm Wachtell, Lipton, Rosen& Katz LLP, are now working...