Search Results for: lawyers
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds
April 9th, 2014
A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics. James Kidney, who joined ...
Barclays Settles U.K. Libor Case Weeks Before Trial to Start
April 8th, 2014
Barclays Plc (BARC) settled the first U.K. lawsuit filed over allegations the bank manipulated Libor, weeks before the trial was scheduled to start. Barclays agreed to restructure the debt of Graiseley Properties Ltd., which filed the lawsuit, as part ...
Pistorius Defense to Call Pathologist as Murder Trial Resumes
April 7th, 2014
Oscar Pistorius’s lawyers plan to call a forensics expert as their opening defense witness before the Paralympic gold medalist testifies in his murder trial. Jan Botha, a pathologist, may be the first to testify as the defense starts its ...
China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion On Mainland; Hong Kong Agreed To Share Tax Information Of US Expats Earlier This Week
March 31st, 2014
China is to looking to formulate a law similar to one in the U.S., which now requires financial institutions worldwide to disclose information on American taxpayers to the U.S. government, South China Morning Post, or SCMP, reported Friday. China ...
Rich Chinese overwhelm U.S. visa program
March 26th, 2014
A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash. The number of applicants is now so great that the government might run out of permits. ...
How Suntech, Chinese Solar Giant, Was Snared In An Italian Fraud Scandal
March 21st, 2014
As 2008 began, the future looked brilliant for green energy giant Suntech Power and its high-flying founder, Shi Zhengrong. Suntech was one of the world’s largest makers of solar panels, the first non-state-owned Chinese company traded on the New ...
Mt.Gox finds 200,000 bitcoins in old wallet
March 21st, 2014
Embattled exchange Mt.Gox said Friday that it has found 200,000 bitcoins in a “forgotten” digital wallet — a haul worth $116 million at current prices. Mt.Gox CEO Mark Karpeles said in a statement that the bitcoins had been uncovered ...
Hacker Andrew ‘Weev’ Auernheimer attempts to overturn conviction
March 19th, 2014
Lawyers say conviction under Computer Fraud and Abuse Act is flawed and raises questions for civil liberties online Lawyers for hacker Andrew “Weev” Auernheimer, who is serving a 41-month prison sentence, will appear in a US court on Wednesday ...
Londongrad Dealmakers Threatened by Sanctions
March 18th, 2014
Russian companies have made $180 billion in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the ...
