Commercial and Professional Services Professional Services

  • President-elect Donald Trump's transition team for the Justice Department, a choice that lawyers say signals a more hands-off approach to antitrust enforcement compared to Democratic President Barack Obama. David Higbee, a partner at the law firm Hunton& Williams LLP, worked for President George W. Bush's administration from 2001 to 2005, spending the last...

  • Nov 22- The U.S. Securities and Exchange Commission said on Tuesday that it would name Wesley Bricker its chief accountant after incumbent James Schnurr retires. Bricker, formerly a partner at PricewaterhouseCoopers LLP, has served as the SEC's deputy chief accountant since 2015 and interim chief accountant since July 2016, when Schnurr was recovering from a...

  • LAW FIRMS REPRESENTING STUDENTS IN TRUMP UNIVERSITY CASE WILL NOT SEEK ATTORNEYS FEES, ONLY COSTS- SOURCE.

  • NEW YORK, Nov 15- The federal board tasked with overseeing a major financial overhaul in Puerto Rico has held interviews with a handful of candidates for its counsel from a wide list of applicants, people familiar with the talks said on Tuesday. The board has interviewed candidates including Chadbourne& Parke LLP, Proskauer Rose LLP, Morrison& Foerster LLP, Sidley...

  • Stefan Buck, who was head of private banking at the now-shuttered Zurich- based Bank Frey& Co, pleaded not guilty at a hearing last Wednesday in Manhattan federal court and was released on a $100,000 bond, said Marc Agnifilo, his lawyer. Buck, 36, had been living in Switzerland since his indictment in 2013 in what was one of a number of cases spilling out of a broad...

  • In a letter filed on Monday in federal court in Manhattan, lawyers for the SEC, the House Ways and Means Committee and ex-staffer Brian Sutter said they had reached an agreement on a protocol for the agency to review documents it had sought. The decision to drop the appeal came after a three-judge panel of the 2nd U.S. Circuit Court of Appeals in June appeared during...

  • LONDON, Nov 14- Mozambique wants to strike a debt restructuring deal before the end of this year and aims to treat bondholders on par with its other commercial creditors, the country's legal advisor told Reuters. "There is virtually no capacity for Mozambique to pay anything to commercial creditors in coming years," said Ian Clark, a partner at law firm White& Case...

  • LONDON, Nov 14- Litigation management company Bentham Europe plans to fund a potential 100 billion euro damages claim against Europe's biggest truck makers after they admitted to operating a 14- year price cartel. Bentham Europe, owned by funds managed by U.S. investment firm Elliott Management, estimates that 10 million trucks were sold across the EU in the...

  • WASHINGTON, Nov 11- The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. An agency to protect consumers' finances was the idea of liberal...

  • WASHINGTON, Nov 11- The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. An agency to protect consumers' finances was the idea of liberal...

  • TOKYO, Nov 11- Regulators in Japan are planning new rules to improve standards in the auditing profession in a bid to avert scandals like last year's $1.3 billion overstatement of profit by Toshiba Corp., which went unnoticed by the country's biggest auditor for years. Improving corporate governance in Japan has been a key theme of Prime Minister Shinzo Abe's...

  • LONDON, Nov 2- A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board wants to make company reports more uniform globally and increase discipline in how accountants present their findings. IASB Chairman Hans...

  • Oct 28- The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme. A separate $15 million fund will pay claims by California investors, resolving litigation by that...

  • BOSTON/ LOS ANGELES, Oct 27- Chipotle Mexican Grill Inc has turned to high-profile investment bankers and lawyers to help defend against activist investor William Ackman, according to two people familiar with the matter on Thursday. Investment banks Goldman Sachs Group Inc and Morgan Stanley, as well as law firm Wachtell, Lipton, Rosen& Katz LLP, are now working...

  • EXCLUSIVE-CHIPOTLE HAS HIRED GOLDMAN SACHS, MORGAN STANLEY, CRISIS PR FIRM JOELE FRANK AND LAW FIRM WACHTELL, LIPTON TO DEFEND AGAINST ACTIVIST ACKMAN- SOURCES.

  • NEW YORK, Oct 27- A New York state appeals court on Thursday cleared the way for billionaire investor Carl Icahn to pursue an unusual malpractice lawsuit against the powerful law firm Wachtell, Lipton, Rosen& Katz over his 2012 hostile takeover of CVR Energy Inc.. The 5-0 decision by the Appellate Division in Manhattan frees CVR to contest whether Wachtell should...

  • Oct 27- A U.S. judge on Thursday signed off on a record $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court records showed. The settlement approved by U.S. District Court Judge Legrome Davis of Pennsylvania is believed to be the largest of its kind in U.S. history.

  • Oct 27- A U.S. federal judge on Thursday approved a $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court records showed. The settlement ordered by U.S. District Court Judge Legrome Davis of the Eastern District of Pennsylvania called for Amtrak and its insurers to make...

  • Oct 27- A U.S. federal judge on Thursday approved a $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court records showed. The settlement ordered by U.S. District Court Judge Legrome Davis of the Eastern District of Pennsylvania called for Amtrak and its insurers to make...

  • WILMINGTON, Del., Oct 26- A Delaware judge on Wednesday ordered Lynn Tilton's Patriarch Partners to turn over documents detailing the complex holdings of $2.5 billion distressed debt funds that the embattled investor lost control of this year. However, one of the Zohar funds defaulted last year and Tilton's Patriarch Partners investment firm stepped down as...