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  • 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...

  • FRANKFURT, Feb 28- Daimler said on Sunday the U.S. Environmental Protection Agency had requested information from its luxury car brand Mercedes-Benz to explain emissions levels in some of its cars. Daimler said the EPA request for information came in response to a class-action lawsuit filed by law firm Hagens Berman on Feb. 18, 2016, in U.S. District Court for the...

  • Feb 26- A New York state judge on Friday dismissed grand larceny charges against two former executives of defunct U.S. law firm Dewey& LeBoeuf, leaving only three lower-level charges to go to trial this fall. Acting Supreme Court Justice Robert Stolz said at a hearing that he did not think any jury could find former Dewey Executive Director Stephen DiCarmine and...

  • ST. LOUIS, Feb 25- U.S. regulators on Thursday fined Miami- based Gibraltar Private Bank and Trust Company $4 million for lapses including a failure to report suspicious transactions linked to convicted former lawyer Scott Rothstein, who ran a Ponzi scheme that cost investors more than $1 billion. "We may never know how that scheme might have been disrupted had...

  • BERLIN, Feb 25- Volkswagen's top committee has hired a German law firm to advise it on the liabilities the carmaker could face as a result of its cheating of diesel emissions tests. Europe's biggest automaker admitted in September to rigging U.S. diesel emissions tests and shortly afterwards appointed U.S. law firm Jones Day to investigate those responsible...

  • In a complaint filed on Wednesday in the U.S. District Court in Manhattan, investors led by the Jackson County Employees' Retirement System in Michigan said BHP inflated the price of its American depositary receipts by ignoring safety risks and overstating its commitment to safety before the disaster. Wednesday's lawsuit follows the Nov. 5, 2015 dam burst in...

  • In a complaint filed on Wednesday in the U.S. District Court in Manhattan, investors led by the Jackson County Employees' Retirement System in Michigan said BHP inflated the price of its American depositary receipts by ignoring safety risks and overstating its commitment to safety before the disaster. Wednesday's lawsuit follows the Nov. 5, 2015 dam burst in...