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  • BRIEF-LAW FIRM STEWARTS LAW SAYS TO LAUNCH LEGAL ACTION VS. TESCO AFTER PROFIT OVERSTATEMENT@ overstatement@. *Law firm Stewarts Law says to bring formal legal action against Tesco due to losses incurred after 2014 profit overstatement.

  • Jan 25- A U.S. federal appeals court on Monday overturned the convictions of the former chief executive officer and chief financial officer of surgical device maker ArthroCare Corp for engineering what federal prosecutors called a $750 million securities fraud. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with former CEO Michael Baker and...

  • But big-name, national plaintiffs' firms have yet to jump into the fray in Flint, which has a population of about 100,000.. What's holding them back, several lawyers said, is not the facts or the victims, but the prospective targets: The State of Michigan, the city of Flint, and officials at various levels of government. Those suits were filed against the state, city, and...

  • Jan 21- New York Governor Andrew Cuomo tapped Maria Vullo, a lawyer who represented banks and donated to Cuomo's campaigns, as the state's top financial regulator, his office said on Thursday. Vullo's nomination as superintendent of the New York State Department of Financial Services comes eight months after former superintendent Benjamin Lawsky left the...

  • PARIS, Jan 22- A U.S. law firm has filed a class action lawsuit against Cnova, the e-commerce arm of French retailer Casino, alleging violations of securities laws in connection with its November 2014 initial public offering. The complaint filed by Glancy Prongay& Murray LLP on behalf of investors in a New York district court alleges Cnova failed to disclose its...

  • Jan 21- New York Governor Andrew Cuomo tapped Maria Vullo, a lawyer who represented banks and donated to Cuomo's campaigns, as the state's top financial regulator, his office said on Thursday. Vullo's nomination as superintendent of the New York State Department of Financial Services comes eight months after former superintendent Benjamin Lawsky left the...

  • Jan 21- New York Governor Andrew Cuomo has tapped Maria Vullo, a New York lawyer and former staffer, as the state's top financial regulator, his office said on Thursday. Vullo's nomination as superintendent of the New York State Department of Financial Services comes more than eight months after the May, 2015 departure of former superintendent Benjamin Lawsky.

  • VULLO, A LITIGATOR FROM NEW YORK LAW FIRM PAUL WEISS, TO OVERSEE NY DEPARTMENT OF FINANCIAL SERVICES-CUOMO.

  • *UK rules go further than plans at European Union level. LONDON, Jan 21- Accountants who audit Britain's banks must from Novemebr file annual statements to regulators to flag up any problems, the Bank of England said on Thursday. The BoE's announcement coincided with news that Britain's accounting watchdog, the Financial Reporting Council, has begun a...

  • WASHINGTON/ NEW YORK, Jan 20- Senate Agriculture Committee Chairman Pat Roberts has asked for a full explanation from the U.S. Commodity Futures Trading Commission for an accounting error that led auditor KPMG to withdraw nearly a decade of financial opinions about the agency's accounts. The request comes after Reuters exclusively reported on Tuesday that...

  • NEW YORK, Jan 19- Former drug executive Martin Shkreli plans to hire new legal counsel to represent him against U.S. charges that he defrauded investors at his former hedge fund and a pharmaceutical company he headed, Shkreli's current lawyers said. Defense lawyers from the law firm Arnold& Porter said in court papers filed on Monday in Brooklyn federal court...

  • WASHINGTON, Jan 19- The U.S. Supreme Court, which delivered major rulings in 2012 and 2015 preserving President Barack Obama's signature healthcare law, on Tuesday declined to take up a new, long-shot challenge to Obamacare brought by an Iowa artist. Constitution's requirement that revenue-raising legislation must originate in the House of Representatives,...

  • FRANKFURT, Jan 18- Dozens of large shareholders in Volkswagen plan to sue the carmaker in a German court, seeking compensation for the plunge in its shares due to its emissions test cheating scandal. Law firm Nieding+ Barth said on Monday it would lodge a case with a regional court in Brunswick this week, seeking hundreds of millions of euros in damages on behalf of...

  • LONDON, Jan 13- The families of two BP employees killed in the 2013 In Amenas gas plant attack in Algeria have filed a lawsuit in London's High Court against the company, accusing it of failing to take reasonable steps to protect its workers. BP, one of three partners with Norway's Statoil and Algeria's Sonatrach in the In Amenas joint venture plant, said it...

  • LONDON, Jan 13- Companies from airlines to retailers in more than 100 countries will have to swell their balance sheets with trillions of dollars under a new accounting rule for leases that should shine a clearer light on debt. The International Accounting Standards Board published a new rule on Wednesday requiring leases of more than a year to be placed on...

  • Senator and Democratic Vice-Presidential candidate John Edwards. Edwards, who was a trial lawyer in North Carolina before his political career was felled by a sex scandal, sent a letter to U.S. District Judge Charles Breyer of San Francisco last Friday, asking to be appointed to the powerful plaintiffs' steering committee.

  • HARRISBURG, Pa., Jan 11- The former finance director of Allentown, Pennsylvania, admitted on Monday that he participated in a scheme to steer a city contract for delinquent tax collection to a partnership that had made campaign donations. Gary Strathearn, 68, of Sea Girt, N.J., pleaded guilty in U.S. District Court in Allentown to one count of conspiracy to commit mail...

  • Jan 8- Connecticut Attorney General George Jepsen blasted Volkswagen AG on Friday for citing German law to withhold documents from a group of U.S. state attorneys general investigating the German automaker's use of illegal diesel emissions software. We are not commenting on ongoing investigations, "a spokesman at Wolfsburg- based VW said.

  • The fund has helped finance some of the largest leveraged buyouts of the last few weeks, including lending $750 million for the $4.6 billion acquisition of Petco Animal Supplies Inc by a consortium led by private equity CVC Capital Partners Ltd, and $580 million as part of the $4.5 billion sale of business software maker SolarWinds Inc to buyout firms Silver...

  • Jan 7- Joseph Nacchio, the former Qwest Communications International chief executive, on Thursday won a $14.2 million jury verdict against a Goldman Sachs Group Inc unit and financial adviser over the sale of life insurance policies, his law firm said. Nacchio and his wife accused Goldman's Ayco financial planning unit and their former adviser David...