In an effort that could serve as a blueprint to others seeking to hold executives of failed corporations financially responsible, the attorney general of New York has sent a letter…
With an expected surge in civil and criminal fraud cases on the horizon over questions about the conduct of those involved in making mortgage loans blamed for a worldwide credit…
Amidst what one consultant describes as a horrible year for major corporate law firms, one practice area is red-hot: advising struggling financial institutions, for those considered expert in the practice…
At least one congressional lawmaker is calling for the appointment of a special counsel to probe Wall Street’s operations, as a global financial crisis apparently sparked by the U.S. mortgage…
Continuing economic turmoil in the U.S. and internationally is prompting a number of major law firms to form special multidisciplinary practice groups to help clients deal with financial crises. In…
Despite predictions that the current U.S. economic crisis will bring more business to a number of lawyers, it is also likely to mean more work and less pay for others.
Moving fast in the midst of an extraordinarily troubled U.S. economy, federal regulators seized—and sold—the troubled Washington Mutual bank last night.
“Regulators simultaneously brokered an emergency sale of virtually all…
As officials in the Bush administration put on a full-court press this week to persuade Congress to enact emergency financial rescue legislation at a price tag…
With the federal government apparently on the verge of a major regulatory overhaul of the nation’s financial institutions, as part of an effort to prevent an economic debacle, the upsurge…
Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson were the men of the hour last week, stepping in with a viable emergency plan as the U.S. economy…
Updated: A report yesterday that United Airlines had filed for Chapter 11 bankruptcy sent the company’s stock plunging from over $12 to less than $3, in under an hour, before…
Some corporate whistle-blowers who cooperate in fraud investigations are being rejected for protection from retaliation under the Sarbanes-Oxley Act because they work for a corporate subsidiary.
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.