Updated: A founding partner of one of the nation’s most powerful plaintiffs securities law firms is reportedly resigning from a management role in the face of expected new federal charges…
Biovail Corp.’s “well-lawyered strategy” in a case that contends short sellers drove down the price of its stock went awry when a federal judge inquired into violation of a protective…
Several lawsuits filed on behalf of investors who bought stock in Heelys Inc. claim the company hid injuries that had been caused by the shoes with wheels.
Former Enron CEO Jeffrey Skilling has filed an appeal of his conviction and 24-year prison sentence for his role in the collapse of the former energy giant.
Litigation over accounting firm Deloitte & Touche’s role in failing to detect accounting problems at Adelphia Communications is likely to continue, despite a $167.5 million settlement agreement.
Saks Fifth Avenue has agreed to settle a civil suit filed by the Securities and Exchange Commission that alleges the luxury retailer violated financial reporting requirements.
Securities class action lawyer William Lerach is fessing up: The announcement of his retirement borrowed partly from Richard Nixon’s farewell speech to his staff.
A former analyst at Goldman Sachs Group Inc. has pleaded guilty to insider trading charges in a wide-ranging scheme to get advance corporate information from a Merrill Lynch employee, printing…
A federal appeals court has ruled that two executives cannot be retried for alleged securities law violations because a judge declared a mistrial too quickly.
Securities class action lawyer William Lerach is retiring amid rumors he is close to a plea deal related to kickbacks made to lead plaintiffs while he was a lawyer at…
Updated: The Securities and Exchange Commission has accused a former general counsel of backdating stock options while employed at two Silicon Valley companies.
Although the legal market is still strong and many major firms reportedly are competing hard for desired associates, some see a potential storm cloud on the horizon.
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