Commercial and Professional Services Professional Services

  • The deal would resolve charges that accounting control failures at the automaker prevented GM from properly assessing the potential financial impact of the defective ignition switch, which led to vehicle recalls beginning in 2014, the SEC said. The largest U.S. automaker said in a statement it consented to an administrative SEC order, without admitting or...

  • DETROIT— General Motors will pay the federal government a $1 million civil penalty for violating accounting rules involving the company's deadly ignition switch scandal. The penalty, announced Wednesday as a settlement with the U.S. Securities and Exchange Commission, is for failing to have accounting controls in place to determine the potential for a...

  • Last summer, Cindy Hockenberry decided she'd had it with threatening phone calls claiming she was behind on her taxes. But once, when she got a call from a live person, Hockenberry— who happens to be the director of education and research at the National Association of Tax Professionals— decided to play along. "Then I said to him,' Do you realize that it's not lawful to...

  • Tax preparers do a big chunk of America's tax returns— more than 80 million a year, according to the IRS— but if you're nervous about handing confidential information to someone in a largely unregulated field, you're not alone. "Obviously the more you have going on, the more I would say go see a preparer," says Trish Evenstad, president of the Wisconsin Society of...

  • NEW YORK— The idea of paying taxes late and incurring IRS interest charges elicits a stern "Don't do that!" Trey Taylor's employee benefits consulting firm was debt-free last year, and he wanted to keep it that way. Rather than deal with the hassle and expense of applying for a line of credit, he decided not to pay his entire 2015 tax bill in the spring and hold back...

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in court as a group. The justices took up appeals of three lower court rulings, including one involving global professional services giant Ernst& Young,...

  • Jan 12- Puerto Rico's new government tapped law firm Dentons to help it develop a fiscal turnaround plan and lead restructuring negotiations with creditors holding some $70 billion in debt, the firm announced on Thursday. Dentons will replace Cleary Gottlieb, which had served as legal counsel under the administration of ex-Governor Alejandro Garcia...

  • LUSAKA, Zambia— A British law firm says one of its lawyers was arrested and held for hours in Zambia after meeting residents who filed complaints about alleged pollution from a copper mine. The firm represents communities bringing claims against London- based Vedanta Resources and its Zambian subsidiary, Konkola Copper Mines. Copper is Zambia's main export.

  • President-elect Donald Trump continued holding meetings on Wednesday in New York as he prepared to take over the White House from Barack Obama on Jan. 20. *Investment banker, head of Ducera Partners, advising on Bayer-Monsanto merger. *New York- based media specialist involved with Bayer-Monsanto merger.

  • LONDON, Jan 11- The widow of an activist executed after protesting against Royal Dutch Shell's oil production in Nigeria has won access to legal documents for use in a legal case for damages against the oil giant that she says she plans to launch in the Netherlands. A U.S. judge in December told Shell's U.S. lawyers to give Esther Kiobel documents about Shell's...

  • CHICAGO, Jan 9- A New York federal judge has shot down an effort by creditors of the former Tribune Co to claw back $8 billion from shareholders who sold stock in the publisher's 2007 buyout, bringing a long-running legal battle sparked by its bankruptcy closer to an end. The ruling stems from the tangled litigation following real estate mogul Sam Zell's...

  • LONDON, Jan 9- British law firm Leigh Day is advising drivers at takeaway foods delivery firm Deliveroo on the possibility of taking legal action to gain workers' rights such as the minimum wage, in a further challenge to the flourishing' gig economy'. In October two drivers represented by Leigh Day won the right to be treated as workers by Uber in a move which the taxi...

  • LONDON, Jan 9- British law firm Leigh Day said it was advising drivers at takeaway foods delivery firm Deliveroo on the possibility of taking legal action to gain workers' rights such as the minimum wage, in a further challenge to the flourishing' gig economy'. In October two drivers represented by Leigh Day won the right to be treated as workers by Uber in a move which...

  • *Harcus Sinclair UK launches legal action in Britain. LONDON, Jan 9- A British law firm has launched legal action against Volkswagen, seeking thousands of pounds of compensation each for UK drivers affected by the carmaker's emissions scandal. In Britain, Europe's second-biggest autos market, 1.2 million cars are affected and Harcus Sinclair UK, which is being...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • President-elect Donald Trump on Tuesday nominated lawyer Robert Lighthizer as U.S. Trade Representative.

  • WASHINGTON, Jan 4- President-elect Donald Trump said on Wednesday he intends to nominate Walter "Jay" Clayton, an attorney who advises clients on major Wall Street deals, to lead the U.S. Securities and Exchange Commission. By selecting an attorney who is deeply steeped in capital-raising deals, Trump is likely signaling that the SEC will be looking to scale back...

  • WASHINGTON, Jan 4- President-elect Donald Trump said on Wednesday he intends to nominate Jay Clayton, a partner with law firm Sullivan& Cromwell LLP, as chairman of the Securities and Exchange Commission. "Jay Clayton is a highly talented expert on many aspects of financial and regulatory law, and he will ensure our financial institutions can thrive and create...

  • President-elect Donald Trump on Tuesday named veteran steel industry trade lawyer Robert Lighthizer, a harsh critic of China's trade practices, to be his chief trade negotiator, responsible for better deals aimed at reducing U.S. trade deficits. Lighthizer, who is with the law firm Skadden, Arps, Slate, Meagher and Flom, has argued in public testimony that China...