Commercial and Professional Services Professional Services

  • "These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement. The Federal Court action adds to what is already proving to be costly legal fallout for the German company as it faces class action lawsuits in Australia and...

  • "These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement. The Federal Court action adds to what is already proving to be costly legal fallout for the German company as it faces class action lawsuits in Australia and...

  • NEW YORK, Aug 22- A U.S. judge expressed concern on Monday about whether a series of lawsuits accusing various banks and brokerages of conspiring to manipulate Treasury auctions could avoid dismissal. District Judge Paul Gardephe in Manhattan cited a July letter by lawyers for Goldman Sachs Group Inc, Morgan Stanley and Deutsche Bank AG laying out the...

  • The Defense Department's Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up. Disclosure of the Army's manipulation of numbers is the latest...

  • Mikal Watts was among five defendants found not guilty by a Mississippi federal jury of charges related to an alleged scheme to defraud a program set up by BP to compensate people who suffered economic losses from the spill. The U.S. Department of Justice had accused the defendants of submitting claims on behalf of more than 40,000 people who had not agreed to be...

  • *Short sellers shifting focus from Chinese companies to Japan. *Citron's Cyberdyne attack is sixth ever on Japan company. HONG KONG, Aug 19- Short-sellers who made their names and fortunes wiping billions off Chinese and Southeast Asian companies are setting their sights on Japan after a series of accounting scandals amplified concerns about weak corporate...

  • "This caused its plans and their participants to suffer hundreds of millions of dollars in losses of retirement savings," said law firm Sanford Heisler LLP, which filed the complaint in U.S. District Court in Manhattan. Other well-known universities have also recently been sued over the management of their retirement plans, including the Massachusetts...

  • Aug 16- Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million in damages. The complaint says the Ivy League university based in New York retained expensive and poor-performing investment options that consistently underperformed their benchmarks. "This caused its plans and their...

  • DOVER, Del., Aug 10- Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. However, after one of the three Zohar funds defaulted, Tilton's Patriarch Partners investment firm stepped down as the...

  • DOVER, Del., Aug 10- Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. However, after one of the three Zohar funds defaulted, Tilton's Patriarch Partners investment firm was removed as the...

  • SAO PAULO, Aug 10- Grupo Odebrecht SA, the engineering company ensnared in Brazil's worst corruption scandal, said on Wednesday that it had hired law firm E. Munhoz Advogados to advise on a debt restructuring plan. The Salvador, Brazil- based firm denied a report in July by Brazil Journal blog that an accommodation with creditors was under way.

  • NEW YORK, Aug 10- A Long Island investment adviser and a former partner at a major law firm have been indicted on charges that they engaged in insider trading ahead of Pfizer Inc's acquisition of King Pharmaceuticals Inc in 2010, prosecutors said on Wednesday. Tibor Klein, who owned advisory firm Klein Financial Services, and Robert Schulman, a Washington, D.C.,...

  • NEW YORK, Aug 10- A Long Island investment adviser and a former partner at a major law firm have been indicted on charges that they engaged in insider trading ahead of Pfizer Inc's acquisition of King Pharmaceuticals Inc in 2010, prosecutors said on Wednesday. Tibor Klein, who owned advisory firm Klein Financial Services, and Robert Schulman, a Washington, D.C.,...

  • Tibor Klein, who owned advisory firm Klein Financial Services, and Robert Schulman, a Washington, D.C., patent lawyer who at the time was with the law firm Hunton& Williams, were charged in an indictment filed in Central Islip, New York.

  • PwC did not audit Taylor Bean. It did do audit work for Colonial Bank, where Taylor Bean was a major customer. Taylor Bean Chairman Lee Farkas and others hid losses by shuffling money among Colonial accounts and by selling nonexistent or worthless mortgages, according to the suit brought by the Taylor Bean trust in 2013..

  • Aug 8- Former Fox News Channel Chairman Roger Ailes on Monday dropped a bid to move a sexual harassment lawsuit by a former anchor from New Jersey to a federal court in New York. In the lawsuit filed last month in federal court in New Jersey, Gretchen Carlson accused Ailes of repeatedly propositioning her for sex and said he terminated her contract in June after she...

  • Hanging Diploma 

    Professional designations abound, and investors expect to see them listed after a financial advisor's name. But what do they really mean?

  • Wolters Kluwer achieves 3% organic growth in H1

    Nancy McKinstry, CEO of Wolters Kluwer, says the company has been investing to grow its digital portfolio and discusses the half-year earnings.

  • July 25- Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell its AltaLink...

  • July 25- Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell its AltaLink...