Commercial and Professional Services Professional Services

  • 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...

  • 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...

  • Founding partner Ramon Fonseca said the firm, Mossack Fonseca, which specializes in setting up offshore companies, had broken no laws and that all its operations were legal. Company emails, extracts of which were published in an investigation by the U.S.-based International Consortium of Investigative Journalists and other media organizations, were "taken...

  • "Whether the SEC will choose to make its own referral is left to that agency's discretion," Rakoff wrote. The SEC and Payton's lawyers declined comment. The SEC alleged that in 2009, an attorney at IBM Corp's law firm told his friend, Royal Bank of Scotland Group Plc analyst Trent Martin, that he was working on IBM's $1.2 billion acquisition of SPSS Inc..

  • April 5- Healthcare payment processing and auditing company Cotiviti Corp, owned by private equity firm Advent International Corp, said it confidentially filed for an initial public offering. Advent has hired JPMorgan Chase& Co and Goldman Sachs Group Inc as lead coordinators of the offering along with five other banks, Bloomberg reported on Tuesday, citing...

  • *France puts Panama back on blacklist. LONDON/ REYKJAVIK, April 5- Iceland's Prime Minister Sigmundur David Gunnlaugsson is to resign, his party said on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm which have shone a spotlight on the finances of an array of politicians and public figures worldwide. Among those named in them...

  • *France puts Panama back on blacklist. LONDON/ REYKJAVIK, April 5- Iceland's Prime Minister Sigmundur David Gunnlaugsson is to step down after leaked documents from a Panamanian law firm showed his wife owned an offshore company with big claims on collapsed Icelandic banks, his party said. Earlier on Tuesday, Gunnlaugsson had asked Iceland's president to...

  • *France puts Panama back on blacklist. LONDON/ REYKJAVIK, April 5- Iceland's Prime Minister Sigmundur David Gunnlaugsson is to step down after leaked documents from a Panamanian law firm showed his wife owned an offshore company with big claims on collapsed Icelandic banks, his party said. And in China, the Beijing government dismissed as "groundless" reports...