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.
Every year, when Dallas attorney Steve Kardell kicks off the corporate compliance and governance class he teaches at Southern Methodist University’s Dedman School of Law, he starts by predicting the…
Once upon a time, the possibility of a malpractice suit being filed against them was pretty much the only risk that law firms had to worry about, and, since lawyers…
Ten stock exchanges plan to coordinate their efforts to enforce rules against insider trading, once their agreement to do so is OK’d by the U.S. Securities and Exchange Commission.
A proposed Financial Accounting Standards Board rule that would require companies to account for the potential cost of litigation will do less to offer transparency than it will be a…
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