Canada's high court will consider the proposed $51.4 billion sale of BCE Inc., the country's biggest telecom, to an Ontario teachers union and other investors, giving what would be history's largest leveraged buyout one last chance to survive bondholders' potentially fatal challenge.
The Chicago Board Options Exchange has proposed a settlement of its dispute with former Chicago Board of Trade members who have sued to to retain voting rights if the options exchange becomes a public company.
Massachusetts authorities have slapped H&R Block Inc. and subsidiary Option One Mortgage Corp. with a lawsuit alleging they discriminated against black and Hispanic borrowers in the state by charging them higher fees to close their loans.
In a deal that could provide billions of dollars in free credit-monitoring services to as many as 160 million Americans, TransUnion Corp. has tentatively settled the decade-long putative multidistrict class action that accused the consumer reporting agency of releasing credit information without permission.
Royal Bank of Canada has become the latest target of angry investors in the wake of the auction rate securities market collapse, having been hit with a putative class action alleging the firm played its clients for fools.
A federal judge has sentenced a former Credit Suisse investment banker to 10 years behind bars for allegedly passing on nonpublic information about nine pending mergers and acquisitions that the bank was handling.
Fox Rothschild LLP has hired Phillip F. Shinn and Otto F. Becker to join its litigation team in its San Francisco office as part of its merger with Thornton, Taylor, Becker & Shinn, the firm announced Monday.
The U.K.’s competition watchdog has raided the offices of Barclays Plc and the Royal Bank of Scotland as part of an investigation into alleged price-fixing of loans to professional services firms.
An appeals court gave new life Monday to a protracted patent dispute between Metropolitan Life Insurance Co. and Bancorp Services LLC, vacating a lower court's summary judgment of noninfringement and remanding the suit.
The acting chairman of the Commodity Futures Trading Commission told a U.S. Senate panel Wednesday that the agency needs more money and staff to help oversee the skyrocketing volume on futures exchanges.
A New York state appeals court has handed a victory to accounting firm Weiser LLP in its battle to enforce partnership agreement provisions against three former partners who left the firm to start their own company.
Coudert Brothers LLP’s controversial liquidation plan that proposes releasing partners from future litigation if they help finance the law firm’s exit from Chapter 11 has come under attack by another group of former Coudert partners.
Two weeks after his nomination to the Pennsylvania Supreme Court was rejected by Republicans in the state Senate, former state appellate court Judge James Gardner Colins has joined the Philadelphia office of Cozen O'Connor.
Two ex-CIBC World Markets Corp. supervisors have settled regulators' civil charges of aiding and failing to supervise properly two CIBC brokers who violated federal securities laws by engaging in market timing with mutual fund accounts.
A former Adams and Reese LLP partner, who faces charges of stealing $30 million from the New Orleans-based law firm, has accused the firm of taking part in a number of shady practices and of mishandling WorldCom Co.’s bankruptcy case.
A proposed class and collective action has been filed against Wells Fargo & Co. alleging that the bank wrongfully classified its technical support workers as exempt from overtime and owes them compensation.
A former loan officer at Downey Savings and Loan Association FA launched a putative class action last week alleging that the California bank denies its workers overtime pay and otherwise violates state and federal labor laws.
Texas-based First Southwest Co. has agreed to pay $150,000 to settle the U.S. Securities and Exchange Commission's allegations that the brokerage wrongly intervened in auctions for auction rate securities by placing bids to prevent failed and all-hold auctions.
A former partner with Ernst & Young LLP and an investment banker at a Pennsylvania brokerage have been charged with insider trading in connection with seven mergers involving the accounting giant's clients, federal prosecutors said Thursday.
A federal judge has rejected calls by employees of First Residential Mortgage Network Inc. to sanction the lender for contacting plaintiffs in their ongoing overtime dispute but has rebuked the defendants' counsel and ordered restrictions on further communications.