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  • June 20- Boston Retirement System, the public pension fund for Boston municipal employees, filed the first bondholders proposed class action against Volkswagen AG related to the company's diesel emissions scandal, law firm Labaton Sucharow LLP said. The lawsuit, which also names as defendants Volkswagen Group of America Inc and Volkswagen Group of America...

  • GENEVA, June 15- A computer technician at the Geneva office of the law firm at the centre of the Panama Papers leak was detained several days ago on suspicion of recently removing large amounts of data, Swiss newspaper Le Temps reported on Wednesday, citing a source close to the case. A spokesman for the Geneva prosecutor's office confirmed to Reuters that it had...

  • GENEVA, June 15- A computer technician at the Geneva office of the Panama Papers law firm was detained several days ago on suspicion of recently removing large amounts of data, the newspaper Le Temps reported on Wednesday, citing a source close to the case. A spokesman for the Geneva prosecutor's office confirmed to Reuters that it had opened an investigation...

  • NEW YORK, June 15- A U.S. accounting regulator plans to release new rules on Thursday that will change how banks set aside money for bad loans, raising fresh questions about the role of forecasts in their financial reports. The Financial Accounting Standards Board's goal in setting up the new framework for loan-loss reserves is simple: it wants to reduce the...

  • NEW YORK, June 15- A U.S. accounting regulator plans to release new rules on Thursday that will change how banks set aside money for bad loans, raising fresh questions about the role of forecasts in their financial reports. The Financial Accounting Standards Board's goal in setting up the new framework for loan-loss reserves is simple: it wants to reduce the...

  • NEW YORK, June 13- A federal appeals court fired skeptical questions on Monday at a lawyer for a U.S. congressional committee and a former staffer who argued that Congress is immune from having to cooperate with an insider-trading investigation. During a hearing, a three-judge panel of the 2nd U.S. Circuit Court of Appeals appeared to lean in favor of forcing...

  • June 13- The Financial Industry Regulatory Authority has named Washington- based securities lawyer, Robert Cook, as its new president and chief executive officer, the regulator said on Monday. Cook, a partner at law firm Cleary Gottlieb Steen& Hamilton LLP, also headed the U.S. Securities and Exchange Commission's Division of Trading and Markets from 2010 to 2013.

  • SAN FRANCISCO, June 6- A whistleblower lawsuit filed against Oracle Corp over its accounting practices underscores the pressures established computer companies face to show that they are growing in the fast-moving business known as the cloud. The lawsuit, filed on Wednesday in U.S. District Court in San Francisco by former Oracle senior finance manager...

  • NEW YORK, May 31- Barrick Gold Corp has agreed to pay $140 million to resolve a U.S. lawsuit accusing the gold producer of concealing problems at a South American mine and of fraudulently inflating the company's market value, according to court papers. The settlement, disclosed in papers filed on Tuesday in Manhattan federal court, would resolve a class action...

  • May 26- Blood-testing company Theranos Inc was sued on Thursday, accused of endangering customer health through "massive failures" that misrepresented the accuracy and quality of its blood tests, according to court papers. The proposed class action was brought in the U.S. District Court for the Northern District of California by the law firm Hagens Berman...

  • May 26- Blood-testing company Theranos Inc was sued on Thursday, accused of endangering customer health through "massive failures" that misrepresented the accuracy and quality of its blood tests, according to court papers. The proposed class action was brought in the U.S. District Court for the Northern District of California by the law firm Hagens Berman...

  • LONDON, May 25- Lawyers advising Dominic Chappell knew he had previously been declared bankrupt before he led the acquisition of the BHS department store chain from retail tycoon Philip Green, British lawmakers were told on Wednesday. However, as Chappell was a discharged bankrupt, meaning he had been set free of bankruptcy by the courts, this was no impediment...

  • May 20- American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted surgeries to remove the implants and inflate their damages claims. The company, a unit of Ireland- based Endo International, has set aside $1.9 billion to settle as...

  • HOUSTON, May 16- Texas Attorney General Ken Paxton asked a state judge on Monday to block U.S. Virgin Islands officials from subpoenaing 40 years of internal climate change documents from Exxon Mobil Corp, saying the probe is "a fishing expedition of the worst kind." The probe is similar to ones launched by attorneys general in New York, Massachusetts and...

  • *Ex Deutsche banker Martyn Dodgson sentenced to 4.5 years. LONDON, May 12- A former Deutsche Bank managing director was sentenced to four and a half years in jail for insider dealing by a London court on Thursday, the longest prison term handed down in Britain for the crime to date. After an unprecedented eight-and-a-half year investigation by the Financial...

  • LONDON, May 12- A former Deutsche Bank managing director was sentenced to four-and-a-half years in jail for insider dealing by a London court on Thursday as Britain's biggest market abuse investigation drew to a close. Martyn Dodgson, a 44- year-old banker who advised the government during the credit crisis, was handed the longest UK prison term for the crime to...

  • LONDON, May 12- A former Deutsche Bank managing director and an accountant were sentenced to a combined eight years in jail on Thursday, drawing a line under the UK financial watchdog's eight-and-a-half year insider dealing inquiry. It is the longest UK prison term handed down for the crime. Andrew Hind, a 56- year-old former finance director of fashion chain...

  • FORMER ACCOUNTANT ANDREW HIND JAILED FOR 3-1/ 2 YEARS IN UK INSIDER DEALING CASE- FCA SPOKESMAN.

  • May 9- A large New York law firm that once represented the now-imprisoned Texas financier Allen Stanford has reached a $35 million settlement with victims of his estimated $7.2 billion Ponzi scheme. Chadbourne& Parke entered the accord on Feb. 25, two weeks before a federal appeals court said the firm and Proskauer Rose, which also represented Stanford, were...

  • The China Caixin services PMI came in at 51.8 for April, continuing to show expansion, but marking a moderation from March's 52.2.