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  • WASHINGTON, July 6- Former U.S. Attorney General Eric Holder will return as a partner at the law firm he had left to become the nation's top law enforcement official, his new employer said in a statement. Holder, who led the Justice Department from 2009 to 2015 and was one of President Barack Obama's longest-serving cabinet members, will return to Covington& Burling,...

  • NEW YORK, July 1- A U.S. judge has refused to dismiss Allied Irish Banks Plc's lawsuit accusing Citigroup Inc of helping rogue currency trader John Rusnak rack up a $691 million loss. District Judge Deborah Batts in Manhattan said government-controlled AIB may pursue a variety of fraud claims against Citigroup in its lawsuit seeking $500 million of...

  • *Accounting changes to increase 2014 loss to 1.745 bln riyals. DUBAI, June 28- Saudi Arabia's Etihad Etisalat will book further losses for 2014 after a regulator-led investigation into accounting errors at the company, it said in a statement on Sunday. The Capital Market Authority launched an investigation into the firm last November after Mobily, 28 percent...

  • CHICAGO, June 25- U.S. regulators will likely allow CME Group Inc to close most of its open outcry futures pits as planned next month, despite last-minute calls from a handful of traders and brokers for an extended review, industry lawyers said on Thursday. "This controversy is best addressed during an open comment period in which all interested parties can...

  • CHICAGO, June 24- CME Group Inc's plan to close most of its futures pits next month is facing its first organized opposition from a small group of Chicago traders and brokers who have hired a law firm to push regulators to give more time for review. Lawyers from Katten Muchin Rosenman sent a letter to the Commodity Futures Trading Commission on behalf of the group,...

  • June 24- Two large New York law firms failed to persuade a federal judge to throw out a malpractice lawsuit seeking to force them to pay creditors of imprisoned swindler Allen Stanford for aiding the Texas financier's $7.2 billion Ponzi scheme. Stanford, 65, is serving a 110- year prison term following his March 2012 conviction for scheming to sell fraudulent...

  • June 24- Two large New York law firms failed to persuade a federal judge to throw out a malpractice lawsuit seeking to force them to pay creditors of imprisoned swindler Allen Stanford for aiding the Texas financier's $7.2 billion Ponzi scheme. Stanford, 65, is serving a 110- year prison term following his March 2012 conviction for scheming to sell fraudulent...

  • U.S.-Canadian man charged with $300 million fraud Tuesday, 23 Jun 2015 | 5:15 PM ET

    NEW YORK, June 23- A dual U.S. and Canadian citizen was arrested on Tuesday and criminally charged with allegedly manipulating the stocks of numerous publicly traded U.S. companies, and laundering about $300 million of profit through at least five offshore law firms. Federal prosecutors in Brooklyn, New York, said Gregg Mulholland, 45, was arrested at Phoenix...

  • WILMINGTON, Del, June 15- The U.S. Supreme Court ruled on Monday that bankruptcy attorneys must bear the expense of defending their fees, which could make it harder for lawyers to get paid for their often-costly Chapter 11 work. Baker Botts was eventually awarded $117 million for its work, which was considered particularly successful because creditors were...

  • NEW YORK, June 15- Plaintiffs suing General Motors Co over a series of safety-related recalls last year have accused it of working with a law firm and claims-management company to conceal an ignition-switch defect linked to 114 deaths. The allegations came in an amended complaint filed late Friday in Manhattan federal court, where more than 200 lawsuits have...

  • BRUSSELS, June 11- The lawyer who last year forced Google to remove links to defamatory information about him worldwide, is now hoping to convince the European Commission to introduce rules to make it easier for others to remove harmful information online. Dan Shefet, a Danish lawyer based in Paris, met a key EU policymaker on Monday to discuss his proposals for...

  • UPDATE 1-Teva switches legal counsel after Mylan challenge Wednesday, 10 Jun 2015 | 12:41 AM ET

    June 9- Teva Pharmaceutical Industries Ltd has changed the law firm it had tapped for advice on its $40 billion attempt to take over smaller rival Mylan NV after a court sided with the latter's bid to seek a preliminary injunction against the previous law firm. Teva is now working with Sullivan& Cromwell LLP as legal counsel in its proposal to acquire Mylan, the...

  • The 2nd U.S. Circuit Court of Appeals in New York on Monday threw out Parse's 2011 conviction. The decision reversed a ruling from the trial judge, William Pauley, who found Parse's lawyers knew that the juror, Catherine Conrad, had faked her identity but chose as a matter of strategy not to pursue the issue. Paul Daugerdas, a former partner at the defunct law firm...

  • NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking potentially hundreds of millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said trustee Irving Picard could try to claw...

  • Madoff trustee largely prevails in 233 lawsuits Tuesday, 2 Jun 2015 | 6:23 PM ET

    NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said the trustee Irving Picard could try to claw back money that...

  • BUENOS AIRES, June 1- Argentina will not negotiate with the U.S. hedge funds suing over unpaid debt for as long as the investment firms continue harassing the country, lawyers acting on behalf of the Argentine government said on Monday. There have been no publicly acknowledged direct talks between Argentina's powerful economy minister Axel Kicillof and the...

  • NEW YORK, May 28- A former outside auditor and a former human resources employee of Bernard Madoff's firm avoided prison on Thursday, after cooperating with authorities investigating the now-imprisoned swindler's multibillion-dollar Ponzi scheme. District Judge Laura Taylor Swain in New York to a year of home confinement, and to pay his share of a symbolic...

  • Ex-Madoff auditor sentenced to home confinement Thursday, 28 May 2015 | 1:50 PM ET

    NEW YORK, May 28- The former outside auditor for Bernard Madoff's firm was sentenced on Thursday to a year of home confinement, avoiding prison after cooperating with U.S. authorities investigating Madoff's multibillion-dollar Ponzi scheme. District Judge Laura Taylor Swain in New York also ordered David Friehling to pay his share of a $130 billion joint...

  • May 26- Nearly three years after the demise of law firm Dewey& LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm's former executives on Tuesday by accusing the trio of directing employees to make millions of dollars in bogus accounting entries to hide Dewey's deteriorating financial condition from investors and lenders.

  • May 26- Nearly three years after the demise of law firm Dewey& LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm's former executives on Tuesday by accusing the trio of directing employees to make millions of dollars in bogus accounting entries to hide Dewey's deteriorating financial condition from investors and lenders.