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  • BRUSSELS, Sept 30- A ruling due next week from the EU's top court on a long-running transatlantic pact on private data could affect all legal ways of moving such data from Europe to the United States, lawyers say, potentially disrupting the everyday online transactions of thousands of companies. Under current European privacy laws companies are forbidden from...

  • *U.S. law firm Jones Day to lead external probe- source. Meeting at group headquarters in Wolfsburg, the supervisory board's executive committee will also prepare for an external investigation by a U.S. law firm Jones Day, with an official from that firm to join part of the meeting, the source added. Europe's largest carmaker has admitted to using software to rig...

  • *U.S. law firm Jones Day expected to lead external probe. A representative of U.S. law firm Jones Day, which is expected to lead the external investigation, will attend part of Wednesday's meeting, the source added. Germany's transport minister says it also manipulated tests in Europe, where Volkswagen sells about 40 percent of its vehicles.

  • WASHINGTON, Sept 28- Volkswagen's push to secure tax breaks that kick-started a market for its new diesel cars could now help U.S. investigators build a case against the automaker for deceiving the government about their emissions, lawyers said. VW was among several automakers that lobbied the administration of George W. Bush to secure around $50 million in tax...

  • In an Aug. 31 filing in federal court in Toledo, Ohio, the defendant asked the court to compel MedStar to turn over more information about the liens, so it can investigate whether the funder schemed to "artificially inflate damages claims." According to DePuy, MedStar submitted claims for nearly $1.5 million for 11 surgeries that should have cost no more than...

  • Thick-skinned buyers assault China's bad debt mountain Thursday, 24 Sep 2015 | 5:00 PM ET

    SHANGHAI, Sept 25- For years Eric Zhang, a senior partner at Shanghai law firm SG&Co, helped China's biggest bad loan companies arrange settlements with delinquent borrowers. Zhang, whose legal expertise gives him an edge, is currently looking at a loan secured against property near the site for Shanghai Disneyland, joining a growing army of thick-skinned...

  • SAO PAULO, Sept 23- Brazil's Supreme Court voted on Wednesday to move part of the country's largest-ever corruption probe to another judge, challenging the notion that all pieces of a case that initially focused on state-run oil firm Petrobras are legally linked. The majority of judges at Brazil's highest court agreed, the Supreme Court said in a statement.

  • NEW YORK/ WASHINGTON, Sept 22- Volkswagen AG will probably have to show there was some legitimate reason to install software that led to false vehicle emissions tests if it is to avoid U.S. criminal charges, lawyers said on Tuesday. A Justice Department spokesman declined to comment. But there will likely be a debate between the Justice Department and...

  • NEW YORK, Sept 22- Less than four days after the U.S. Environmental Protection Agency announced that Volkswagen had designed some of its diesel models to cheat emissions tests, lawyers have brought at least 25 class actions on behalf of scores of car owners in all 50 U.S. states. The lead plaintiff in the first case filed was David Fiol a personal injury attorney...

  • Sept 16- Microsoft Corp on Wednesday was hit with a proposed class action lawsuit in U.S. court claiming its policy of ranking employees to determine pay and promotions led to discrimination against women. Redmond, Washington- based Microsoft gives employees numerical rankings based on performance evaluations, according to the lawsuit, and routinely gave...

  • NEW YORK, Sept 13- Solera Holdings Inc, which provides technology services to insurance companies, said it agreed to be acquired by an affiliate of private-equity firm Vista Equity Partners for $3.74 billion in cash. The offer price of $55.85 per share represents a 13 percent premium to Westlake, Texas- based Solera's share price on Friday, when the stock closed up...

  • Vista Equity agrees to $6.5 billion deal for Solera Sunday, 13 Sep 2015 | 7:49 PM ET

    NEW YORK, Sept 13- Private equity firm Vista Equity Partners has agreed to acquire Solera Holdings Inc after raising its offer to $55.85 per share in cash, valuing the insurance claims processing software maker at $6.5 billion, including debt, a person familiar with the matter said on Sunday. The price per share is a 13- percent premium over Solera's share price on...

  • NEW YORK, Sept 10- Company executives may be quicker to hire lawyers and less likely to cooperate with investigations because of a renewed push by U.S. prosecutors to put individuals in prison instead of only levying big fines on corporations that break the law, lawyers with expertise in white-collar crime cases said. The Department of Justice, after years of...

  • In addition, the SEC charged two former chief executives of General Employment Enterprises, as well as its former chairman and majority shareholder, Stephen B. Pence, who is a former U.S. attorney and former lieutenant governor of Kentucky. Michael A. Valenti, an attorney for Pence, said the SEC's case represents a "strong arm tactic of the highest degree by the SEC"...

  • NEW YORK, Sept 8- The collapse of Dewey& LeBoeuf, once one of the biggest U.S. law firms, was due not to fraud by top executives but defections by its highest-earning partners, defense lawyers told jurors on Tuesday at the close of a criminal trial in New York. Former Chairman Steven Davis, who helped build Dewey into a 1,000- lawyer firm before it went bankrupt in 2012...

  • NEW YORK, Sept 8- The fraud prosecution against the former chairman of failed law firm Dewey& LeBoeuf is based on a "misguided and fanciful theory" that relies on supposition and speculation, his lawyer told jurors at the close of trial on Tuesday. Steven Davis, who helped build Dewey into one of the largest firms in the United States before it collapsed in 2012 under a...

  • NEW YORK, Sept 8- William Stellmach, a U.S. Justice Department official who played a leading role in the Libor manipulation investigation, has joined the law firm of Willkie Farr& Gallagher. Stellmach's last day at the Justice Department was Friday, a government spokesman said on Tuesday. At the Justice Department, Stellmach helped oversee the probe of the rigging...

  • Toshiba decides no need for Westinghouse writedown Monday, 7 Sep 2015 | 4:30 AM ET

    Sept 7- Japan's Toshiba Corp said on Monday it had decided there was no need for a writedown on its Westinghouse operations after an accounting scandal raised concerns it was overestimating the value of its U.S. nuclear business. Toshiba looked into whether it needed to write down the value of Westinghouse's deferred tax assets, or credits that can be used to...

  • BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...

  • *Greece deal shows "pick and mix" approach to bank rescues. LONDON, Aug 26- European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say. Euro zone finance ministers this month agreed an 86 billion euro third...