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  • SAO PAULO, March 24- In the midst of Brazil's worst recession in decades, lawyer Thiago Jabor Pinheiro switched firms to focus full-time on one of the only booming fields in the scandal-plagued country: compliance and corporate ethics. The scandal broke just as a tough new anti-corruption law went into effect in Brazil, raising the risk of prosecution for scores...

  • LONDON, March 21- A British vote to leave the European Union would threaten some prescription medicines with regulatory limbo, posing a legal headache for drugmakers, according to lawyers and industry officials. Smaller UK biotech companies, represented by the BioIndustry Association, also fear a decision to leave would disrupt the market and could affect...

  • *SFO's third Libor trial to kick off April 4. LONDON, March 17- Britain's Serious Fraud Office faces a fresh challenge on Friday when it is expected to try to bring four Germans and a Frenchman to London to face rate-fixing charges, a source familiar with the matter said. This view was echoed by Sara Teasdale, partner at law firm Byrne and Partners: "announcement begs...

  • *SFO's third Libor trial to kick off April 4. LONDON, March 17- Britain's Serious Fraud Office faces a fresh challenge on Friday when it is expected to try to bring four Germans and a Frenchman to London to face rate-fixing charges, a source familiar with the matter said. This view was echoed by Sara Teasdale, partner at law firm Byrne and Partners: "announcement begs...

  • *Hedge fund managers in bid to save licenses amid closure threat. HONG KONG/ SHANGHAI, March 17- China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. "It is very difficult for the regulators...

  • WASHINGTON, March 16- U.S. Supreme Court nominee Merrick Garland has been sympathetic to government regulators in his almost two decades as an appeals court judge, frequently rejecting business-led challenges to federal action. His overall record, however, suggests he is a moderate who follows Supreme Court precedent and is not eager to spearhead efforts to...

  • WASHINGTON, March 16- U.S. Supreme Court nominee Merrick Garland has been sympathetic to government regulators in his almost two decades as an appeals court judge, frequently rejecting business-led challenges to federal action. His overall record, however, suggests he is a moderate who follows Supreme Court precedent and is not eager to spearhead efforts to...

  • March 16- Investors in Caesars Entertainment Corp were scrambling on Wednesday to grasp the cost from a court-ordered investigation that said the casino company could face $5 billion in potential damages from the bankruptcy of its operating unit. Examiner Richard Davis and an army of lawyers investigated claims by creditors that the operating unit was...

  • CHICAGO, March 15- Richard Davis, whose report on Tuesday blasted the role of two private equity firms in the bankruptcy of Caesars Entertainment Corp's operating unit, cut his legal teeth on the highest-profile investigation of his generation: Watergate. After a brief stint in New York law firm Weil, Gotshal& Manges LLP in the 1970 s, Davis returned to Washington...

  • BERLIN, March 15- U.S. law firm Hausfeld said it will pursue claims of European customers harmed by Volkswagen's emissions scandal, adding to the German automaker's mounting legal challenges. On Monday, German law firm TISAB said 278 institutional investors in Volkswagen filed a 3.26 billion euros lawsuit against the carmaker for what they see as breaches of...

  • Tax experts can say that with confidence, without knowing any of the details, because the IRS does not solicit payments by phone. In one scam still operating, 896,000 people have been called by would-be swindlers, and more than 5,000 victims have handed over $26.5 million, the IRS says. Jeffrey Schneider, an enrolled agent for SFS Tax& Accounting Services in Port St....

  • March 14- A former partner in leading Silicon Valley venture capital firm Sequoia Capital on Monday countersued a woman who claimed he sexually abused her for more than a decade, arguing that she was trying to extort $40 million from him. Michael Goguen, the Sequoia Capital partner, was dismissed after the firm became aware of the lawsuit last Thursday, the firm...

  • BERLIN, March 14- Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. Law firm TISAB said the lawsuit was over whether VW neglected its duty to the capital markets regarding the...

  • WASHINGTON, March 14- The Securities and Exchange Commission on Monday voted to approve the budget for the auditing watchdog that oversees the work of leading U.S. accounting firms. The SEC staff recommended approving the budget of the Public Company Accounting Oversight Board and SEC Commission Chair Mary Jo White and commissioner Kara Stein endorsed the...

  • March 13- A partner at Sequoia Capital has left, the Silicon Valley venture capital firm said on Sunday, days after a lawsuit was filed accusing him of sexually abusing a woman and not honoring an agreement to compensate her. A lawsuit filed March 8 in San Mateo County Superior Court in California claims Goguen abused Amber Laurel Baptiste "sexually, physically...

  • March 10- Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, the 5th U.S. Circuit Court of Appeals in New Orleans said Chadbourne& Parke and Proskauer Rose were...

  • March 8- Japanese air bag maker Takata Corp enlisted restructuring lawyers at law firm Weil Gotshal& Manges LLP amid recalls covering millions of vehicles, the Wall Street Journal reported, citing people familiar with the matter. An estimated 29 million Takata air bag inflators have been recalled in the United States in more than 19 million vehicles because...

  • March 8- Japanese air bag maker Takata Corp enlisted restructuring lawyers at law firm Weil Gotshal& Manges LLP amid recalls covering millions of vehicles, the Wall Street Journal reported, citing people familiar with the matter. The extent of the law firm's engagement with Takata and the strategies it is advising the company to pursue remain unclear, the WSJ...

  • FRANKFURT, March 2- Volkswagen said on Wednesday its management board did not violate financial market disclosure rules, responding to lawsuits claiming it had been too slow to inform investors about its rigging of diesel emissions tests. Law firm Nieding+ Barth said in January it would lodge a case with a regional court in Brunswick, seeking hundreds of...

  • NEW YORK, Feb 29- A Manhattan federal prosecutor who spearheaded the investigation and prosecution of the creator of the black market website Silk Road and handled numerous other high-profile cybercrime cases is joining the law firm Latham& Watkins. Serrin Turner, a former assistant U.S. attorney in the Manhattan U.S. Attorney's Office who also led the...