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Commercial and Professional Services Professional Services

  • NEW YORK— Federal regulators have proposed a $183.3 million settlement with a student loan company that authorities allege engaged in predatory lending practices. The Consumer Financial Protection Bureau filed a lawsuit and settlement against Aequitas Capital Management, a private equity fund that purchased or funded $230 million in loans to students...

  • NEW YORK, Aug 17- Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade. Preliminary settlements totaling $48.5 million for Deutsche Bank and $17 million for Bank of America were filed on Thursday with the...

  • Rebecca Allen in the lawsuit filed in federal court in Manhattan said Goldman's virtually all-white senior leadership team favors white bankers for promotions and lucrative accounts, so they earn more than black coworkers. Allen, who was hired in 2012, said that last year she was removed from an account she had worked on for three years by a Goldman partner,...

  • Rebecca Allen in the lawsuit filed in federal court in Manhattan said Goldman has a virtually all-white senior leadership team that favors white bankers for promotions and lucrative accounts, so they earn more than black coworkers. Allen, who was hired in 2012, said that last year she was removed from an account she had worked on for three years by a Goldman...

  • LONDON, Aug 16- Britain's accounting watchdog has fined audit firm PricewaterhouseCoopers LLP a record 5.1 million pounds and given it a severe reprimand after it admitted misconduct when auditing collapsed accounting firm RSM Tenon. The Financial Reporting Council said PwC and senior audit partner Nicholas Boden admitted a series of failures when they...

  • BEIJING, Aug 10- A Chinese law firm has filed a complaint against Apple Inc on behalf of 28 local developers alleging the firm breached antitrust regulations. The complaint, lodged by Beijing- based Dare& Sure Law Firm, accuses Apple of charging excessive fees and removing apps from its local store without proper explanation, Lin Wei, an attorney at the firm told...

  • BOSTON, Aug 9- A former accountant at Gottex Fund Management Holdings Ltd was sentenced on Wednesday to more than four years in a U.S. prison for engaging in a multi-year scheme to steal nearly $3.56 million from the Swiss hedge fund firm. District Judge Mark Wolf in Boston after pleading guilty in October to charges of wire fraud and money laundering stemming...

  • WASHINGTON, Aug 9- President Donald Trump's leading choice to run the Federal Trade Commission is a Washington lawyer who served at the agency as a top official under President George W. Bush, a person briefed on the matter said on Wednesday. Joseph Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton and Garrison LLP, is the leading choice to run the FTC over...

  • WASHINGTON, Aug 9- President Donald Trump's leading choice to run the Federal Trade Commission is a Washington lawyer who served at the agency as a top official under President George W. Bush, a person briefed on the matter said on Wednesday. Joseph Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton and Garrison LLP, is the leading choice to run the FTC over...

  • NEW YORK— Jessica Sayles is thinking about who might take over for her when she retires at age 55 from the accounting firm where she is managing partner— even though that's still 21 years away. "I feel that a good portion of my job is to find my successor," says Sayles, who hopes to teach a younger associate to manage Las Vegas- based Houldsworth, Russo& Co..

  • Aug 8- New Hampshire sued OxyContin maker Purdue Pharma LP on Tuesday, joining several state and local governments in accusing the drugmaker of engaging in deceptive marketing practices that have helped fuel a national opioid addiction epidemic. The lawsuit by New Hampshire, which was not among those settled, said Purdue has continued to benefit from its...

  • A gas driller that was targeted with allegations that it polluted residential water wells in Pennsylvania has filed a $5 million lawsuit against a Pennsylvania resident and his lawyers, asserting they tried to extort the company through a frivolous lawsuit. Cabot Oil& Gas Corp. said Dimock resident Ray Kemble and his lawyers sought to harass and extort the...

  • WASHINGTON, Aug 2- Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch's compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday. The PCAOB's penalty against PwC comes a little over a year after the Securities and...

  • WASHINGTON, Aug 2- Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch's compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday. The PCAOB's penalty against PwC comes a little over a year after the Securities and...

  • Deal values jumped 55 percent in the first half from a year ago to C $14.6 billion, an all-time high, according to data released by Thomson Reuters on Wednesday. And this focus is on the bigger deals, "said Michael Akkawi, head of the private equity practice at law firm Torys LLP, who sees strong foreign involvement in the coming year. Highlights included the C $4.8...

  • July 31- Four years ago, Frances Broaddus-Crutchfield, 74, gave $500 to the campaign of Virginia's Democratic Attorney General Mark Herring. This election cycle, the lifelong Democrat who lives on a farm in Powhatan County, Virginia, upped the ante, donating $6,500 so far to Herring's re-election bid. Now, with Republicans controlling the White House and...

  • July 31- Four years ago, Frances Broaddus-Crutchfield, 74, gave $500 to the campaign of Virginia's Democratic Attorney General Mark Herring. This election cycle, the lifelong Democrat who lives on a farm in Powhatan County, Virginia, upped the ante, donating $6,500 so far to Herring's re-election bid. Now, with Republicans controlling the White House and...

  • The New Jersey decision follows a separate ruling by a New York court on Tuesday that required Sinderbrand's lawyers to halt any review of or planned action to use or share the data, and scheduled a hearing for arguments as to whether the lawyers should be required to return the disc to the bank. Sinderbrand is suing his brother, whom he worked with at Wells Fargo...

  • HONG KONG, July 24- The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group, a corporate insurance broker backed by Morgan Stanley's private equity arm. The Hong Kong company, controlled by AMTD Asia, filed in May for the IPO, which Thomson Reuters publication IFR said could total $200 million. AMTD Strategic Capital is 79...

  • NEW YORK, July 23- A small group of companies and individuals are looking to register racially charged words and symbols for their products, including the N-word and a swastika, based on a U.S. Supreme Court decision on trademarks last month. Patent and Trademark Office since the unanimous June 19 ruling throwing out a federal law prohibiting disparaging...