NEW YORK— The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members. "Unless they can immediately assure the public that their information is protected, then their business is over," says Lawrence Kellogg, a partner with the law firm...» Read More
UKRAINE'S FINANCE MINISTER YARESKO SAYS THAT LAW FIRM WHITE AND CASE TO ADVISE ON DEBT RESTRUCTURING.
SPRINGFIELD, Ill., March 11- A state lawyer defending the landmark 2013 pension reform law faced tough questions on Wednesday from an Illinois Supreme Court judge at a high-stakes hearing about whether the legislature had the right to cut benefits. Justice Robert R. Thomas asked State Solicitor General Carolyn Shapiro. " "It is clear that the pension clause and the...
March 10- The U.S. National Security Agency was sued on Tuesday by an array of groups challenging one of its mass surveillance programs that they said violates Americans' privacy and threatens communications worldwide by dissidents living under oppressive regimes. The lawsuit filed in federal court in Maryland, where the spy agency is based, said the NSA is...
*U.S. Supreme Court allowed lawsuit to go forward. District Judge David Godbey in Dallas said on Wednesday the roughly 18,000 investors could pursue claims that Chadbourne& Parke and Proskauer Rose knew Stanford was selling fraudulent high-yielding certificates of deposit through his Antigua- based Stanford International Bank, and helped him obstruct a...
March 3- When the U.S. Supreme Court takes up the new challenge to President Barack Obama's healthcare law on Wednesday, the justices will hear from two experienced attorneys with dueling views and contrasting styles. Solicitor General Donald Verrilli, 57, will defend the law for the Obama administration. "This was a train wreck for the Obama administration," CNN...
The problems start with the fact that the IRS has cut nearly 12,000 positions as its budget has fallen by an inflation-adjusted 17 percent since 2010.. In addition, the IRS changed the rules on how repairs to tangible property are treated, requiring accounting changes for businesses, including landlords, that own real estate and equipment.
A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.
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 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 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.
KPMG said late on Monday it had fired a senior partner in the accounting firm's Los Angeles office for allegedly providing inside information to an unnamed third party.
A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
As if audits aren't painful enough -- there's a lot the IRS won't tell you. Check out these tips from a former IRS agent.
You think you've got it bad - your manager has it really tough. In this new book, the authors explain what managers are good for ... and why we should cut them some slack.
Toyota Motor plans to spend $1.1 billion to resolve sweeping U.S. class-action litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker looks to turn the page on the biggest safety crisis in its history.
Follow these rules and you'll greatly reduce the chance that you financial adviser turns out to be a disaster, or, worse, a crook.