Responding to industry complaints about delays, the U.S. Securities and Exchange Commission has published a final rule and new guidance governing the rule-making processes of securities exchanges and self-regulatory organizations.
As law firms vie for new clients and business in a tightening market, the key for most corporate departments in this day and age can be summed up in one word, according to the lawyers at McDermott Will & Emery: Asia.
Having a major office in Miami, with its proximity to Latin America, has proven to be a boon for legal work involving mergers and acquisitions and financial services at Holland & Knight LLP, as the global economy has provided new opportunities, attorneys from the firm said.
A federal appeals court has found that a bankruptcy court applied the wrong rule when it concluded that a bankrupt disk replication firm did not have to pay default interest and attorneys’ fees to a General Electric Co. finance unit.
Predicting how the top U.S. securities regulator might alter its course when a new resident moves into the White House is, at this point, anything but a sure bet, experts say.
Bankrupt New Century Financial Co., once the second-largest subprime lender in the country, has won approval of its liquidation plan.
Former Refco Inc. Chief Executive Phillip Bennett was sentenced Thursday to 16 years in prison for masterminding the massive fraud that brought down the world's largest commodities brokerages.
In a blow to a suit targeting Bank of America Corp.'s "Keep the Change" program, a magistrate judge has recommended that a district court adopt the bank's claim constructions regarding a patent for a system that lets consumers round off credit card transactions and bank the change in a savings account.
A district court judge has clarified the terms of the $40 million settlement reached in the class action against Italian dairy giant Parmalat SpA, defining a settlement class and scheduling a settlement hearing.
In a case involving a former National Century Financial Enterprises Inc. executive convicted of securities fraud, an appeals court has ruled that the federal government may file a notice of lis pendens against substitute assets prior to a forfeiture order as long as it has met relevant state law requirements.
The Pension Benefit Guaranty Corp. has proposed a rule that would peg the termination date of a single-employer plan whose sponsor declares bankruptcy to the bankruptcy date for some purposes. This would likely reduce the funds paid out to plan participants.
Samuel Israel III surrendered to Southwick, Mass., authorities Wednesday morning, a few weeks after faking his suicide in an attempt to avoid serving a 20-year sentence for spearheading a $450 million fraud at the bankrupt Bayou Group LLC hedge fund.
PricewaterhouseCoopers LLP has agreed to pay $12 million to bring an end to allegations that it failed to identify a series of accounting improprieties at financial holding company R&G Financial Corp.
A hedge fund manager agreed Tuesday to pay more than $5 million as part of a settlement with the U.S. Securities and Exchange Commission, which alleged he helped his bosses embezzle tens of millions of dollars in investors' cash.
The bankruptcy judge overseeing the Chapter 11 case of New Century TRS Holding Corp. has approved an agreement that will allow the payment of more than $90 million in claims to Bank of America NA.
In the wake of an antitrust investigation by the U.S. Department of Justice, Visa Inc. has agreed to drop rules that required retailers to treat Visa's debit cards differently when customers authorized purchases with a personal identification number instead of a signature.
A New York state court has dismissed the two remaining claims in state Attorney General Andrew Cuomo's lawsuit over former New York Stock Exchange Chairman Richard Grasso's $187.5 million severance package.
The Delaware Supreme Court has agreed to rule on whether companies have to reimburse shareholders for the costs of even partially successful short-slate proxy contests.
A former employee has filed an Employee Retirement Income Security Act class action against global management consulting company Accenture LLP alleging that plaintiffs have been unlawfully deprived of benefits under the company's retirement plan.
Bankrupt retailer Goody's Family Clothing Inc. has received a $175 million debtor-in-possession credit facility from General Electric Commercial Finance Corporate Lending.