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Commercial and Professional Services Professional Services

  • NEW YORK, Sept 22- Wells Fargo& Co. has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources with knowledge of the decision. Sloan will appear before the Senate Banking Committee, which...

  • HOUSTON, Sept 20- Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Damage in Texas wrought by Harvey is estimated at around $180 billion, according to Texas Governor Greg Abbott, with some...

  • NEW YORK, Sept 22- Cnova NV, the e-commerce arm of French retailer Groupe Casino, agreed to pay $28.5 million to settle litigation in the United States claiming it defrauded investors in connection with its November 2014 initial public offering. The all-cash, preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and it requires a...

  • FRANKFORT, Ky.— Kentucky's Democratic attorney general says he has hired four law firms to investigate and potentially sue several makers and marketers of opioid-based painkillers that have spurred a wave addiction across Appalachia. Matt Bevin's administration said Andy Beshear's announcement Friday was premature. Spokesman Glenn Waldrop said the...

  • SAN FRANCISCO— A California dentist who was aboard an Asiana Airlines plane that crashed in San Francisco four years ago— killing three girls and injuring roughly 200 others— reached a settlement Thursday with the airline, ending what her attorney said was the last pending lawsuit in the U.S. stemming from the crash. Ronald Goldman, an attorney for Kyung Rhan Rha,...

  • By Lisa Lambert and Patrick Rucker. WASHINGTON, Sept 21- The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with Wall Street, former agency officials and lawyers said this week. The credit-reporting company is subject to five federal laws governing listed companies, the use of...

  • SAN FRANCISCO, Sept 21- Zenefits, the software startup that has faced a number of regulatory penalties, said on Thursday it is changing its business to provide software to insurance brokers. Its first customer is Atlanta- based broker OneDigital. Chief Executive Jay Fulcher, who in February became Zenefits' third CEO in a year, said Zenefits' expertise is in...

  • HOUSTON, Sept 20- Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Damage in Texas wrought by Harvey is estimated at around $180 billion, according to Texas Governor Greg Abbott, with some...

  • President Donald Trump is using money donated to his re-election campaign and the Republican National Committee to pay for his lawyers in the probe of alleged Russian interference in the U.S. election, two people familiar with the matter told Reuters. Following Reuters exclusive report on Tuesday, CNN reported that the Republican National Committee paid in...

  • RNC PAID $100,000 TO JOHN DOWD, $131,250 TO LAW FIRM OF JAY SEKULOW- RNC OFFICIAL.

  • *Broker Sasfin cites "well-publicised concerns". JOHANNESBURG, Sept 19- A South African broker and an energy investment firm fired KPMG on Tuesday, two of a number of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial...

  • *Broker Sasfin cites "well-publicized concerns". JOHANNESBURG, Sept 19- A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial...

  • JOHANNESBURG, Sept 19- South African brokerage house Sasfin Holdings on Tuesday fired KPMG as its auditor, citing "well-publicised concerns" about the accounting firm struggling to keep clients after flaws in its work for friends of President Jacob Zuma. KPMG cleared out its South African leadership en masse on Friday after it found that work done for firms...

  • WASHINGTON, Sept 18- A federal magistrate judge blocked the U.S. Justice Department from sharing with a German law firm 25 million pages of records disclosed by Volkswagen AG in the government's diesel emissions investigation. Magistrate Judge Jacqueline Corley in California, is a win for the world's largest automaker, which faces 1,600 securities suits in...

  • By Ed Cropley and Joe Brock. JOHANNESBURG, Sept 15- Global auditor KPMG cleared out its South African leadership on Friday after damning findings from an internal investigation into work done for businessmen friends of President Jacob Zuma. It became the third global firm to be damaged by work carried out for the Indian-born brothers, after public relations...

  • *KPMG worked for Gupta family, friends of president Zuma. JOHANNESBURG, Sept 15- Global auditor KPMG cleared out its South African leadership on Friday after damning findings from an internal investigation into work done for businessmen friends of President Jacob Zuma. It became the third global firm to be damaged by work carried out for the Indian-born...

  • Sept 14- JPMorgan Chase& Co will invest $40 million over three years in Chicago to revitalize neighborhoods, finance small business growth and promote job skills training, the bank said on Thursday. The investment program in Chicago, where the bank has significant business interests, is modeled on a $100 million urban renewal program that JPMorgan began in...

  • NEW YORK, Sept 13- On paper, the offer from the private equity fund was a lucrative one- a $1.2 million signing bonus, a $2 million cut of its management fees and a 20 percent stake in the firm itself. But in practice, Ray Bingham's partnership with Canyon Bridge Capital Partners has proven costly. The Palo Alto, California- based buyout fund is partly backed by cash from...

  • *Congress may also wrestle funding of agency from Federal Reserve. WASHINGTON, Sept 13- Whether or not Richard Cordray stays as head of the Consumer Financial Protection Bureau until his term ends in July, the agencys ability to rein in Wall Street will be severely weakened, political insiders, lawyers and consumer advocates said. "He has been under constant...

  • ALBUQUERQUE, N.M.— Law firm: Pete Domenici, former GOP senator from New Mexico known for budget and energy policy work, has died.