Despite headaches created by increased corporate compliance requirements and tension with outside auditors, the vast majority of lawyers at the helm of corporate legal departments are happy with their jobs.…
More securities class actions, as well as increased efforts to obtain redress abroad, were predicted today by experts from the PricewaterhouseCoopers accounting firm. They also said that the growing presence…
In a case that may be something of a signpost pointing to further litigation related to the subprime mortgage crisis, a bankruptcy trustee has filed suit against major investment banks…
After a two-year decrease in filings, federal securities class actions were up in 2007 thanks in large part to subprime-related lawsuits and those against foreign securities issuers.
A critical report by a lawyer and former SEC official breaks new ground by blaming a Big Four accountant for a failed subprime mortgage lender’s “improper and imprudent practices,” and…
In the short run, the story of the successfully averted almost-collapse of the nation’s fifth-largest investment bank is a tale of triumph over near-disaster. But, in the long run, it…
After a stunning loss in the value of Bear Stearns stock that cost employees and investors big bucks over the weekend and led to widespread turmoil in stock markets today,…
After some $10 million in court-ordered penalties, attorney sanctions and a switch of both in-house and outside counsel, it is clear that Qualcomm Inc. didn’t handle its discovery obligations in…
A former client has sued McGuireWoods for malpractice over claimed illegal trading of the client’s stock by a law firm partner acting as issuer’s counsel. He allegedly made more than…
After pleading guilty in a $1 billion federal securities fraud conspiracy case last year, Florida attorney Stephen Ziegler was sentenced to a five-year prison term and had his law license…
Updated: An executive arm of the European Union has fined Microsoft Corp. a record $1.35 billion for failing to cooperate with a 2004 antitrust decision. It required the company to…
Former McAfee general counsel Kent Roberts’ quest for notes of a law firm’s corporate backdating probe appeared to run into a roadblock Monday in the form…
U.S. Attorney Christopher Christie has an impressive record of battling political corruption, but opponents say he has resorted to the same kind of bullying and cronyism for which he has…
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