Commercial and Professional Services Professional Services

  • District Judge Cynthia Rufe in Philadelphia after a federal jury in February found him guilty on charges of securities fraud and making a false statement. He was also ordered to pay $77,000 in restitution, which his lawyer, Robert Welsh, said will be considered satisfied once Sudfeld pays $91,747 plus interest to the U.S. Securities and Exchange Commission in a...

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • But in the wake of Britain's vote to leave the European Union, BLP has frozen pay and bonuses until November. In an email to staff, its managing partner Lisa Mayhew said the reason was "political and financial uncertainty in the UK following the recent vote to leave the EU". Bank bosses have warned that Brexit represents a threat to London's role as a global financial...

  • WASHINGTON, July 13- The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house trials by approving its first major revisions to the administrative proceedings in two decades. But the changes by the Securities and Exchange Commission may not silence critics. The 2010 Dodd-Frank Wall Street...

  • WILMINGTON, Del., July 8- A judge ruled on Friday that payday lender DFC Global Corp was sold too cheaply to private equity firm Lone Star Funds in 2014, the second time in recent weeks that investors prevailed in squeezing extra cash out of a merger deal through a Delaware lawsuit. Delaware Chancellor Andre Bouchard found four DFC shareholders were entitled to...

  • July 1- A U.S. jury on Friday awarded $70 million to the family of a boy who developed breasts after taking Johnson& Johnson unit Janssen Pharmaceuticals' antipsychotic drug Risperdal, lawyers for the family said.

  • June 28- A former accountant for Gottex Fund Management Holdings Ltd has been criminally charged with embezzling nearly $3.4 million over a four-year period from the Swiss hedge fund firm. Gary Tiffany, 32, was arrested on Monday and charged in a criminal complaint filed in a federal court in Boston with bank fraud, wire fraud and engaging in illegal monetary...

  • "We couldn't advise the Europeans, we couldn't advise the U.S.," the unnamed lawyer said, according to a report published by the professional body for UK solicitors. We'd be a purely UK entity, for UK problems, "the lawyer was quoted as saying. Lawyers, accountants, management consultants, recruiters, bankers, public relations and technology firms with overseas...

  • "We couldn't advise the Europeans, we couldn't advise the U.S.," the unnamed lawyer said, according to a report published by the professional body for UK solicitors. We'd be a purely UK entity, for UK problems, "the lawyer was quoted as saying. Lawyers, accountants, management consultants, recruiters, bankers, public relations and technology firms with overseas...

  • "We couldn't advise the Europeans, we couldn't advise the U.S.," the unnamed lawyer said, according to a report published by the professional body for UK solicitors. We'd be a purely UK entity, for UK problems, "the lawyer was quoted as saying. Lawyers, accountants, management consultants, recruiters, bankers, public relations and technology firms with overseas...

  • "We couldn't advise the Europeans, we couldn't advise the U.S.," the unnamed lawyer said, according to a report published by the professional body for UK solicitors. We'd be a purely UK entity, for UK problems, "the lawyer was quoted as saying. Lawyers, accountants, management consultants, recruiters, bankers, public relations and technology firms with overseas...

  • LONDON/ NEW YORK, June 24- Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals on Friday, after a British vote to leave the European Union poleaxed company valuations and executive confidence. I suspect they want to take the time to think about whether they want to do the deal right now, "...

  • OSLO, June 24- Norway's $850- billion sovereign wealth fund, the world's largest, has filed a complaint against Volkswagen, as part of a joint legal action following the carmaker's emissions scandal, the fund said in a statement on Friday. The fund said the complaint was filed to the Braunschweig District Court in Germany and is part of the lawsuit filed by law firm...

  • *UK financial industry employs 2.2 million people. LONDON, June 23- Traders are at their desks for the night, corporate lawyers are staffing a "rapid response" centre and the Bank of England is on high alert; Britain's financial sector is as ready as it can be for a referendum that may change the industry forever. Those who want Britain to stay believe a vote for "Brexit"...

  • SAO PAULO, June 22- Several graft and bribes probes into Centrais Elétricas Brasileiras SA could delay asset sale plans at Brazil's state-controlled power holding company, analysts and lawyers said on Wednesday, underscoring mounting caution among potential buyers. The asset sale plan is seen as key to help rebalance the finances of Eletrobras after the...

  • LONDON, June 21- Law firm Quinn Emanuel has filed one of two lawsuits in Germany against Volkswagen for institutional funds in claims that could run into billions of euros over the carmaker's emissions test cheating scandal, litigation funder Bentham Europe said on Tuesday. "The breadth of the shareholder base that is represented by Quinn Emanuel should be a...

  • LONDON, June 21- Law firm Quinn Emanuel has filed one of two lawsuits in Germany against Volkswagen on behalf of institutional funds over an emissions scandal in claims that could run into the billions of euros, litigation funder Bentham Europe said on Tuesday. "The breadth of the shareholder base that is represented by Quinn Emanuel should be a wake-up call to...

  • LEGAL FUNDER BENTHAM EUROPE SAYS LAW FIRM QUINN EMANUEL HAS FILED FIRST OF TWO LAWSUITS IN GERMANY AGAINST VOLKSWAGEN.

  • June 20- Boston Retirement System, the public pension fund for Boston municipal employees, filed the first bondholders proposed class action against Volkswagen AG related to the company's diesel emissions scandal, law firm Labaton Sucharow LLP said. The lawsuit, which also names as defendants Volkswagen Group of America Inc and Volkswagen Group of America...