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  • Senator and Democratic Vice-Presidential candidate John Edwards. Edwards, who was a trial lawyer in North Carolina before his political career was felled by a sex scandal, sent a letter to U.S. District Judge Charles Breyer of San Francisco last Friday, asking to be appointed to the powerful plaintiffs' steering committee.

  • HARRISBURG, Pa., Jan 11- The former finance director of Allentown, Pennsylvania, admitted on Monday that he participated in a scheme to steer a city contract for delinquent tax collection to a partnership that had made campaign donations. Gary Strathearn, 68, of Sea Girt, N.J., pleaded guilty in U.S. District Court in Allentown to one count of conspiracy to commit mail...

  • Jan 8- Connecticut Attorney General George Jepsen blasted Volkswagen AG on Friday for citing German law to withhold documents from a group of U.S. state attorneys general investigating the German automaker's use of illegal diesel emissions software. We are not commenting on ongoing investigations, "a spokesman at Wolfsburg- based VW said.

  • The fund has helped finance some of the largest leveraged buyouts of the last few weeks, including lending $750 million for the $4.6 billion acquisition of Petco Animal Supplies Inc by a consortium led by private equity CVC Capital Partners Ltd, and $580 million as part of the $4.5 billion sale of business software maker SolarWinds Inc to buyout firms Silver...

  • Jan 7- Joseph Nacchio, the former Qwest Communications International chief executive, on Thursday won a $14.2 million jury verdict against a Goldman Sachs Group Inc unit and financial adviser over the sale of life insurance policies, his law firm said. Nacchio and his wife accused Goldman's Ayco financial planning unit and their former adviser David...

  • Jan 7- Joseph Nacchio, the former Qwest Communications International chief executive, has won a $14.2 million jury verdict against a Goldman Sachs Group Inc unit and financial adviser over the sale of life insurance policies, his law firm said on Thursday. Nacchio and his wife said Goldman's Ayco financial planning unit and their former adviser David...

  • SAO PAULO, Jan 7- An internal investigation of potential corruption at Brazil's state-run energy utility Eletrobras has expanded to include five more Brazilian hydroelectric dams, a source with access to the probe said. Eletrobras, formally known as Centrais Eletricas Brasileiras SA, hired U.S.-based law firm Hogan Lovells and Sao Paulo- based WFaria...

  • NEW YORK, Dec 29- A New York state appeals court on Tuesday threw out Facebook Inc's unusual malicious prosecution lawsuit against DLA Piper and two other law firms that have represented a fugitive who claimed a 50 percent stake in the social media company. Reversing a lower court ruling, the Appellate Division in Manhattan rejected "conclusory" allegations by...

  • NEW YORK, Dec 29- A New York state appeals court on Tuesday threw out Facebook Inc's unusual malicious prosecution lawsuit against DLA Piper and other law firms that have represented a fugitive who claimed a 50 percent stake in the social media company. Reversing a lower court ruling that favored Facebook and Chief Executive Mark Zuckerberg, the Appellate...

  • BUENOS AIRES, Dec 28- Argentina's new government is shopping around for a second law firm to help resolve the country's longstanding battle with creditors suing it over its unpaid debt, a source in the economy ministry said on Monday. The center-right government of Mauricio Macri will publicly launch its search on Tuesday for a new firm based in New York City to...

  • BOSTON, Dec 28- Third Avenue Management's failed junk bond fund received a clean bill of health in its final annual report from outside accounting firm PricewaterhouseCoopers LLP, which said the fund's liquidation this month did not change its audit opinion. New York- based Third Avenue Management LLC, founded by famed distressed investor Marty Whitman, shut...

  • Houston- based pipeline group Enterprise Products Partners LP said in a statement it will provide pipeline and marine terminal services to load a 600,000- barrel cargo of domestic light crude oil scheduled for the first week of January. "We are excited to announce our first contract to export U.S. crude oil, which to our knowledge may be the first export cargo of...

  • Dec 21- Caterpillar Inc was ordered to pay $73.6 million in damages in a lawsuit by a former supplier that accused the equipment manufacturer of misappropriating its trade secrets. Caterpillar spokeswoman Rachel Potts said the company was disappointed by the verdict and was considering its next steps. According to the lawsuit, Miller had long supplied...

  • Wells Fargo eyes insurance brokerage acquisitions Wednesday, 16 Dec 2015 | 4:26 PM ET

    Dec 16- Wells Fargo& Co is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, evp and head of Wells Fargo Insurance, said she "hit the pause button" on plans to do deals after she determined when taking the reins of the business four years ago that existing...

  • WASHINGTON, Dec 16- James Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator. PCAOB Chairman James Doty was among those attending the annual accounting-industry gala where Schnurr spoke.

  • TOKYO, Dec 15- A Japanese regulatory board recommended punishing an Ernst& Young affiliate after its audit of Toshiba Corp failed to spot Japan's worst accounting scandal in four years. The Certified Public Accountants and Auditing Oversight Board, a regulatory panel within Japan's Financial Services Agency, said it had found Ernst& Young ShinNihon LLC's...

  • TOKYO, Dec 14- A Japanese regulatory board will recommend punishing an Ernst& Young affiliate, a person familiar with the process said on Monday, after its audit of Toshiba Corp failed to spot Japan's worst accounting scandal in four years. Ernst& Young ShinNihon LLC said last week the Financial Services Agency was investigating its staff involved with the audit...

  • NEW YORK/ HOUSTON, Dec 14- Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11- year lows, pressuring energy companies to slash debt or file for bankruptcy. Another three law firms have re-jigged staff for the new work, and other restructuring advisors have partnered...

  • WASHINGTON, Dec 9- The U.S. Securities and Exchange Commission is concerned that financial auditors are not living up to the requirements of securities laws, Chair Mary Jo White told a meeting of certified public accountants on Wednesday. Earlier this month, audit firm Grant Thornton LLP and two of its partners agreed to settle SEC charges that they ignored red...

  • NEW YORK, Dec 7- The former chairman of U.S. law firm Dewey& LeBoeuf is nearing a deal with New York prosecutors to avert a retrial on fraud charges stemming from the firm's collapse, and prosecutors have extended plea offers to three other defendants. A potential deferred prosecution agreement for Dewey leader Steven Davis was confirmed by his lawyer after a...