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  • 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.

  • A key pulse check on China's economy is likely to show the services sector hummed along in April, but a broader slowdown looms, economist Li Wei warns.

  • April 28- A lawsuit accusing PricewaterhouseCoopers LLP of violating U.S. discrimination law by hiring a "stunningly low" number of people over the age of 40 to maintain a youthful culture has been filed in San Francisco. The lawsuit, filed on Wednesday in federal court, said the London- based accounting company does virtually all of its recruiting for...

  • April 22- Former Sprint Corp chief executive William Esrey and former chief operating officer Ronald LeMay sued the United States government for allegedly concealing its investigation into accounting firm Ernst& Young LLP's promotion of tax shelters sold to the executives, according to a lawsuit filed on Friday. The Internal Revenue Service in 2002...

  • PANAMA CITY, April 22- Panamanian investigators on Friday raided a property used by Mossack Fonseca, the law firm at the center of a massive leak of offshore financial data, an official from the local prosecutor's office said. Leaks from the Panama- based law firm, dubbed the "Panama Papers," have embarrassed several world leaders and shone a spotlight on the shadowy...

  • April 13- Families of those killed on a Germanwings flight last year have sued a training unit of the airline's parent, Deutsche Lufthansa AG, in U.S. district court in Arizona for wrongful death, their law firm said on Wednesday. Kreindler& Kreindler LLP said it had filed a lawsuit on behalf of 80 families against Airline Training Center Arizona Inc, which...

  • April 13- The families of Germanwings passengers that were killed last year when a pilot crashed his jet into the French alps have sued a training unit of the airline's parent, Deutsche Lufthansa AG, in U.S. federal court for wrongful death, their law firm said Wednesday. Aviation accident specialists Kreindler& Kreindler LLP said they filed a lawsuit on behalf of...

  • PANAMA CITY, April 12- Panama's attorney general late on Tuesday raided the offices of the Mossack Fonseca law firm to search for any evidence of illegal activities, authorities said in a statement. The Panama- based law firm is at the center of the "Panama Papers" leaks scandal that has embarrassed several world leaders and shone a spotlight on the shadowy world of...

  • NEW YORK/ BOSTON, April 12- The U.S. government's lawsuit against ValueAct Capital targets one activist investor but could call into question routine practices across the $16 trillion mutual fund industry, according to attorneys and industry representatives. The U.S. Department of Justice last week alleged that the hedge fund improperly classified two...

  • April 11- Perella Weinberg Partners LP has hired Alexander Tracy, a managing director at Miller Buckfire& Co, as a senior member of its financial restructuring advisory team, people familiar with the matter said on Monday. Tracy is one of the first senior hires at Perella Weinberg's restructuring practice after the global advisory and asset management firm...

  • April 8- Prominent U.S. lawyer Alan Dershowitz and two victims' rights attorneys on Friday withdrew claims from a Florida court that they defamed each other during a legal fight about a woman who said she was trafficked for sex as an underage girl. The defamation lawsuits stemmed from claims that the woman, Virginia Giuffre, made in another court in December 2014...

  • FRANKFURT, April 8- Owners of Mercedes diesel cars filed a new class-action lawsuit in the United States saying the vehicles likely contained a "defeat device" used to cheat emissions testing, an accusation that Daimler, which owns the carmaker, denied. "The fact that Mercedes passed the dynamometer test in all tests, but failed the real world test, is suggestive...

  • PANAMA CITY, April 7- Aghast at the biggest offshore scandal in memory, lawyers, businessmen and politicians flock to one of their favorite haunts, a diner opened in the 1950 s nestled between Panama City's financial and historic quarters, to swap notes. While that firm in particular stands in the eye of a storm that has buffeted world leaders from Russia to China,...

  • SAN FRANCISCO, April 7- A federal judge on Thursday rejected a proposed settlement of a class action lawsuit against ride-hailing company Lyft, saying the $12.25 million deal "short-changed" drivers. District Judge Vince Chhabria said in a San Francisco court filing that the amount "does not fall within the range of reasonableness." The sticking point, Chhabria...

  • *Geneva prosecutor opens criminal inquiry linked to Panama Papers. *Panama law firm Mossack Fonseca has bureaux in Zurich, Geneva. Four decades of documents from Panamanian law firm Mossack Fonseca, which specialises in setting up offshore companies and has offices in Zurich and Geneva, showed widespread use of those instruments by global banks and triggered...

  • VANCOUVER/ NEW YORK, April 7- An internal report prepared for Canada's anti-money laundering watchdog last year found that lawyers are the second most likely profession after entrepreneurs to face money laundering charges. Lawyers in Canada, unlike financial institutions and other professionals, are exempt from the obligation to report suspicious...

  • TAIPEI, April 6- An older brother of Taiwan President-Elect Tsai Ing- wen was named in the so-called Panama Papers as setting up an offshore company in 2008, his lawyer said on Wednesday, stressing that he had done nothing illegal. Taiwan President-Elect Tsai Ing- wen's brother, Tsai Ying- yang, set up the offshore firm, Koppie Limited, in 2008 at the recommendation of...