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Commercial and Professional Services Professional Services

  • *Talks over settlement with hold-out shareholder group. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. One of the investors backing those...

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a deal valuing the insurance brokerage at $4.3 billion.

  • By Andrew MacAskill and Kirstin Ridley. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. It would also spare RBS, which is still more than 70...

  • New York Attorney General Eric Schneiderman, who is investigating whether Exxon misled shareholders and the public about climate change, wrote to a judge on Monday accusing Exxon of not previously disclosing the alias and Tillerson's communications through it. "Obtaining publicity, not information, appears to have been the real goal of the New York Attorney...

  • Secretary of State Rex Tillerson's use of an alias email address while he was chief executive officer at Exxon Mobil Corp was "entirely proper," attorneys representing the company said in a letter to a New York court on Thursday. New York Attorney General Eric Schneiderman, who is investigating whether Exxon misled shareholders and the public about climate...

  • Secretary of State Rex Tillerson's use of an alias email address while he was chief executive officer at Exxon Mobil Corp was "entirely proper," attorneys representing the company said in a letter to a New York court on Thursday. New York Attorney General Eric Schneiderman, who is investigating whether Exxon misled shareholders and the public about climate...

  • *Munich prosecutor searched Jones Day offices Wednesday. The law firm, Jones Day, declined to comment. Jones Day was searched on the same day as Volkswagen's premium brand Audi's headquarters were searched, in a sign prosecutors are stepping up efforts to find who was responsible for- and who may have known about- the biggest business crisis in the 80- year-old...

  • *Munich prosecutor searched Jones Day offices Wednesday. The law firm, Jones Day, declined to comment. VW has never published the full findings of Jones Day, although a summary was handed to the U.S. Department of Justice, which earlier this year forced VW to pay a $4.3 billion settlement to resolve its pollution troubles.

  • Robert Schulman, who worked at the time at Hunton& Williams in Washington, D.C., was convicted of securities fraud and conspiracy jurors in Brooklyn federal court after about 4-1/ 2 hours of deliberations. Schulman, of McLean, Virginia, was a partner at the law firm Arent Fox in Washington, D.C. at the time of his arrest last August, and was later put on leave.

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 10- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP. Corzine was testifying for a second day for MF...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 10- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP. Corzine was testifying for a second day for MF...

  • NEW YORK/ TOKYO, March 9- U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. People familiar with the matter said the nuclear engineering company had brought in law firm Weil Gotshal&...

  • NEW YORK/ TOKYO, March 9- U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. People familiar with the matter said Toshiba had hired law firm Weil Gotshal& Manges LLP as an exploratory...

  • March 8- Westinghouse Electric Co LLC, the U.S. nuclear power plant developer owned by troubled Japanese electronics giant Toshiba Corp, has brought in bankruptcy attorneys from law firm Weil Gotshal& Manges LLP, people familiar with the matter said on Wednesday. A Westinghouse spokeswoman declined to comment on Weil's role, but said that Westinghouse has...

  • WASHINGTON, March 8- Wall Street attorney Jay Clayton will recuse himself from matters involving Barclays Bank, Deutsche Bank AG and other clients he has recently represented if confirmed to head the U.S. Securities and Exchange Commission under the terms of an ethics agreement disclosed on Wednesday. Under the agreement, Clayton will not participate in SEC...

  • WASHINGTON, March 8- Wall Street attorney Jay Clayton, President Donald Trump's pick to head the U.S. Securities and Exchange Commission, has vowed to recuse himself from agency matters involving his law firm and former clients, according to an ethics agreement made public on Wednesday. Under the agreement, the Sullivan& Cromwell attorney will not participate...

  • NEW YORK, March 7- PricewaterhouseCoopers LLP pinned the blame for MF Global Holdings Ltd's collapse squarely on the commodity brokerage and its former chief executive, Jon Corzine, at the start on Tuesday of a trial over whether the auditor should pay about $3 billion for its alleged negligence. Jurors are considering a demand by MF Global's bankruptcy plan...

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