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Commercial and Professional Services Professional Services

  • June 12- The U.S. Supreme Court agreed on Monday to decide whether a federal administrative process frequently used by technology companies to ward off patent infringement lawsuits violates the constitutional rights of patent owners. The Supreme Court has said there is a right to a jury trial in disputes in which private property can be revoked.

  • BRUSSELS, June 8- Tax advisers in the European Union will be penalised for helping companies to set up schemes to cut their tax bills excessively by shifting profits to low-tax countries, under a draft law seen by Reuters. The measure, prepared by the EU executive, the European Commission, and still subject to changes, would force accounting firms such as...

  • NEW YORK, June 8- Every Tuesday, partners and associates at Wachtell, Lipton, Rosen& Katz gather for a communal lunch in the dining room of the law firm's Manhattan offices. Food ordered from top New York restaurants is served, but the real attraction is Martin Lipton, one of the firm's co-founders and corporate America's most famous consigliere.

  • SAN FRANCISCO, June 6- Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ride-hailing company. Attorney General Eric Holder into company culture and practices. On Monday, Uber said it hired Harvard Business...

  • SAN FRANCISCO, June 6- Uber Technologies Inc has fired 20 employees following an investigation by a law firm into sexual harassment and other claims at the ride-hailing company, people familiar with the matter said on Tuesday. Perkins Coie said it investigated 215 harassment and other complaints going back as far as 2012, one of the people familiar with the...

  • SAN FRANCISCO, June 6- Uber Technologies Inc told staff on Tuesday that it had fired 20 employees following an internal investigation into harassment and related claims by law firm Perkins Coie, a person familiar with the matter said. Attorney General Eric Holder, investigated 215 harassment complaints going back as far as 2012, employees were told.

  • In a 9-0 ruling, the Supreme Court found that the SEC's recovery remedy known as "disgorgement" is subject to a five-year statute of limitations. The justices sided with New Mexico- based investment adviser Charles Kokesh, who previously was ordered by a judge to pay $2.4 million in penalties plus $34.9 million in disgorgement of illegal profits after the SEC...

  • NEW YORK, June 2- A federal appeals court on Friday ordered Whole Foods Market Inc to face a proposed class-action lawsuit accusing it of overcharging shoppers in New York City by overstating the weight of pre-packaged food in its supermarkets. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge had erred in concluding that the plaintiff...

  • Ohio on Wednesday became the latest, and largest, state or local government to bring an opioid lawsuit, suing Purdue Pharma LP, Johnson& Johnson's Janssen Pharmaceuticals Inc unit, Endo International Plc, Teva Pharmaceutical Industries Ltd's and Allergan Plc.. Mississippi, counties in New York and California and the city of Chicago have filed similar lawsuits...

  • Clayton worked with Peikin at Sullivan& Cromwell, noted for its representation of financial institutions, until the former left to become SEC chair. A former federal prosecutor turned white-collar defense attorney, Peikin has represented major banks at Sullivan& Cromwell and would have to follow SEC recusal rules involving law firm clients.

  • The proposed class-action lawsuit was filed in the federal court in Detroit on behalf of people who own or lease more than 705,000 Silverado and Sierra trucks fitted with "Duramax" engines from the 2011 to 2016 model years. A spokesman for the Detroit- based automaker did not immediately respond to a request for comment. The case is Fenner et al v General Motors LLC...

  • May 25- LAWSUIT SAYS EMISSIONS TESTING HAS REVEALED THAT SILVERADO, SIERRA MODELS' EMISSIONS ARE HIGHER THAN FEDERAL REGULATORS PERMIT LAWSUIT ACCUSES GM OF USING THREE DEFEAT DEVICES IN ITS DURAMAX DIESEL ENGINES LAWSUIT FILED BY THE HAGENS BERMAN LAW FIRM SEEKS CLASS ACTION STATUS ON BEHALF OF SILVERADO, SIERRA OWNERS FOR 2011-2016 MODEL YEARS General...

  • "I saw a lot of anti-patent people doing a victory dance yesterday without really understanding what this decision means," said David Pridham, chief executive of Dominion Harbor Group, a Texas- based company that buys patents and seeks to license them to other companies. "According to PricewaterhouseCoopers, 39 percent of all patent lawsuits in fiscal year 2016...

  • NEW YORK/ LONDON, May 19- Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry", insurers say. Cyber insurance can be expensive to buy and is not widely used outside the United States, with one insurer previously...

  • NEW YORK, May 18- A federal judge on Thursday dismissed two lawsuits seeking to hold Facebook Inc liable for supporting terrorist groups by letting them use its social media platform to further their goals, including violence against Jews. District Judge Nicholas Garaufis in Brooklyn dismissed a $3 billion damages lawsuit by relatives of American victims of...

  • NEW YORK, May 18- A federal judge on Thursday dismissed two lawsuits seeking to hold Facebook Inc liable for supporting terrorist groups by letting them use its social media platform to further their goals, including violence against Jews. District Judge Nicholas Garaufis in Brooklyn dismissed a $3 billion damages lawsuit by relatives of American victims of...

  • LONDON, May 18- Britain's ruling Conservative Party on Thursday pledged to scrap the Serious Fraud Office and roll it into a broader crime-fighting body if it wins the June 8 national election, in a move roundly criticised by lawyers and anti-corruption groups. Prime Minister Theresa May's party manifesto document, which lists policy proposals, said it would...

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LIMA, May 17- A former Peruvian governor suspected of arranging bribes from Odebrecht was arrested on Wednesday, while police raided Lima law firms thought to have ties to the Brazilian construction company, the attorney general's office said. Odebrecht has admitted to paying $29 million in bribes to win contacts in Peru, one of 12 countries where it confessed...