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Commercial and Professional Services Professional Services

  • *VW contests March 15 prosecutors' raids on Jones Day. BERLIN, March 29- Volkswagen has filed a legal complaint with a Munich court, seeking to prevent German prosecutors from using information seized during searches of the law firm it hired to investigate its emissions scandal. VW had already condemned the search of offices of U.S. law firm Jones Day on March 15 and...

  • *VW contests March 15 prosecutors' raids on Jones Day. VW had already condemned the search of offices of U.S. law firm Jones Day on March 15 and said it would use every legal step to defend itself. Jones Day couldn't immediately be reached for comment.

  • That hands-off stance ended this month when Republican AGs voted to abandon the agreement and spend money to help unseat Democrats in other states, according to the Republican Attorneys General Association. The move comes as Democratic attorneys general in states across the country have assumed lead roles in opposing some of Republican President Donald...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite commercial law firm Sullivan& Cromwell, is expected to...

  • NEW YORK— The trial between bankrupt brokerage MF Global, run by former New Jersey Governor Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. The trial, in the U.S. District Court of the Southern District of New York, was supposed to last five weeks. At the center of the...

  • HONG KONG, March 23- China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters. The State Administration of Foreign Exchange has informed investment bankers and lawyers of the...

  • WASHINGTON, March 22- Jay Clayton, President Donald Trump's nominee to chair the U.S. Securities and Exchange Commission, plans to promise lawmakers at his confirmation hearing on Thursday not to shy away from going after fraudsters. Clayton, a partner at the law firm Sullivan& Cromwell who Trump picked to head the federal regulator that polices and writes rules...

  • As SEC chairman, Clayton would be in charge of, among other things, protecting investors from wrongdoing on Wall Street. He would oversee the enforcement of rules written by the SEC under the law that reshaped the regulation of banks and Wall Street after the 2008 financial crisis and the Great Recession. And he would take part in deciding on enforcement actions...

  • *Talks over settlement with hold-out shareholder group. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. One of the investors backing those...

  • *Talks over settlement with hold-out shareholder group. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. One of the investors backing those...

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a deal valuing the insurance brokerage at $4.3 billion.

  • By Andrew MacAskill and Kirstin Ridley. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. It would also spare RBS, which is still more than 70...

  • PEORIA, Ill.— Caterpillar Inc. is hiring a former U.S. attorney general to help it sort out matters that sparked a federal raid on its headquarters in central Illinois. He'll help Caterpillar review and address issues relating to Caterpillar SARL, a Swiss parts subsidiary, and tax-saving practices. Caterpillar is based in Peoria, Illinois.

  • New York Attorney General Eric Schneiderman, who is investigating whether Exxon misled shareholders and the public about climate change, wrote to a judge on Monday accusing Exxon of not previously disclosing the alias and Tillerson's communications through it. "Obtaining publicity, not information, appears to have been the real goal of the New York Attorney...

  • Secretary of State Rex Tillerson's use of an alias email address while he was chief executive officer at Exxon Mobil Corp was "entirely proper," attorneys representing the company said in a letter to a New York court on Thursday. New York Attorney General Eric Schneiderman, who is investigating whether Exxon misled shareholders and the public about climate...