Commercial and Professional Services Professional Services

  • LONDON, May 25- Lawyers advising Dominic Chappell knew he had previously been declared bankrupt before he led the acquisition of the BHS department store chain from retail tycoon Philip Green, British lawmakers were told on Wednesday. However, as Chappell was a discharged bankrupt, meaning he had been set free of bankruptcy by the courts, this was no impediment...

  • May 20- American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted surgeries to remove the implants and inflate their damages claims. The company, a unit of Ireland- based Endo International, has set aside $1.9 billion to settle as...

  • HOUSTON, May 16- Texas Attorney General Ken Paxton asked a state judge on Monday to block U.S. Virgin Islands officials from subpoenaing 40 years of internal climate change documents from Exxon Mobil Corp, saying the probe is "a fishing expedition of the worst kind." The probe is similar to ones launched by attorneys general in New York, Massachusetts and...

  • *Ex Deutsche banker Martyn Dodgson sentenced to 4.5 years. LONDON, May 12- A former Deutsche Bank managing director was sentenced to four and a half years in jail for insider dealing by a London court on Thursday, the longest prison term handed down in Britain for the crime to date. After an unprecedented eight-and-a-half year investigation by the Financial...

  • LONDON, May 12- A former Deutsche Bank managing director was sentenced to four-and-a-half years in jail for insider dealing by a London court on Thursday as Britain's biggest market abuse investigation drew to a close. Martyn Dodgson, a 44- year-old banker who advised the government during the credit crisis, was handed the longest UK prison term for the crime to...

  • LONDON, May 12- A former Deutsche Bank managing director and an accountant were sentenced to a combined eight years in jail on Thursday, drawing a line under the UK financial watchdog's eight-and-a-half year insider dealing inquiry. It is the longest UK prison term handed down for the crime. Andrew Hind, a 56- year-old former finance director of fashion chain...


  • May 9- A large New York law firm that once represented the now-imprisoned Texas financier Allen Stanford has reached a $35 million settlement with victims of his estimated $7.2 billion Ponzi scheme. Chadbourne& Parke entered the accord on Feb. 25, two weeks before a federal appeals court said the firm and Proskauer Rose, which also represented Stanford, were...

  • The China Caixin services PMI came in at 51.8 for April, continuing to show expansion, but marking a moderation from March's 52.2.

  • A key pulse check on China's economy is likely to show the services sector hummed along in April, but a broader slowdown looms, economist Li Wei warns.

  • An employee checks labels of "Naranja Agria" on the bottling line at the Badia Spices factory in Doral, Florida.

    The index hit 54.5 in March, higher than the 54 expected by Wall Street.

  • Wall Street

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • Square Reader

    Square, which helps businesses manage credit-card and gift card payments, filed for initial public offering with the SEC.

  • A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.

  • Stockton Police officers talk with a parolee in Stockton, California.

    A drive by some cities to cut costly police retirement benefits has led to an extraordinary face-off between local politicians and the law enforcement officers.

  • A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.

  • The IRS building in Washington, D.C.

    The IRS said that it has stopped initiating new asset seizures from tax delinquents during the government shutdown.

  • Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.

  • Google street view can on the Google Campus

    Google and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax and inconsistencies in the way Google portrays its activities in Britain.

  • In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations.