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The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. faced the prospect of liquidation, and Merrill Lynch & Co. agreed to be sold to Bank of America Corp.

Wallstreet

The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. faced the prospect of liquidation, and Merrill Lynch & Co. agreed to be sold to Bank of America Corp. The U.S. government, which bailed out Fannie Mae and Freddie Mac a week ago and orchestrated the sale of Bear Stearns

The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. faced the prospect of liquidation, and Merrill Lynch & Co. agreed to be sold to Bank of America Corp. Read More »

Legal Announcement – Cravath Represents Magnesita in Acquisition of LWB Refractories

LawFuel – Legal Newswire – On September 8, Magnesita Refratários S.A. announced that it had agreed to acquire LWB Refractories GmbH & Co. from Rhone Capital LLC for an assumed cash and equity consideration of €277 million. The combined companies are expected to be the third-largest producer of refractories in the world. Cravath advised Magnesita

Legal Announcement – Cravath Represents Magnesita in Acquisition of LWB Refractories Read More »

Cravath Swaine & Moore and Davis Polk & Wardwell have won places advising on the creation of the $70 Billion liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse.

Lehman

Cravath Swaine & Moore and Davis Polk & Wardwell have won places advising on the creation of the $70 Billion liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse. Cravath is representing JP Morgan Chase as administrative agent and collateral agent for the facility, which will be made available

Cravath Swaine & Moore and Davis Polk & Wardwell have won places advising on the creation of the $70 Billion liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse. Read More »

Home Builder’s Former CEO to Pay More Than $7 Million for Stock Option Backdating

Washington, D.C., Sept. 15, 2008 (LAWFUEL) – The Securities and Exchange Commission today charged the former chairman and CEO of Los Angeles-based home builder KB Home, Inc., for his participation in a multi-year scheme to backdate stock options to himself and other company officers and employees, depriving investors of accurate information about executive compensation at

Home Builder’s Former CEO to Pay More Than $7 Million for Stock Option Backdating Read More »

Ober|Kaler’s Teplistzky Honored with AHLA Greenburg Award

BALTIMORE, MD September 15, 2008 (LAWFUEL) – Sanford “Sandy” V. Teplitzky, principal in the Baltimore law firm of Ober|Kaler and chair of the firm’s Health Law Group, is the 2008 recipient of the American Health Lawyers Association’s prestigious David J. Greenburg Service Award. Presented annually, the award is given to those lawyers who have made

Ober|Kaler’s Teplistzky Honored with AHLA Greenburg Award Read More »

Law Firm Finkelstein Thompson LLP Investigates NVIDIA Corp.

WASHINGTON, Sept. 15, 2008 (LAWFUEL) — Finkelstein Thompson LLP is investigating shareholder claims on behalf of purchasers of NVIDIA Corporation (Nasdaq:NVDA) common stock between November 8, 2007 and July 2, 2008. On July 2, 2008, NVIDIA disclosed that its product failure rates were over 10 times levels expected by analysts and investors, despite being aware

Law Firm Finkelstein Thompson LLP Investigates NVIDIA Corp. Read More »

Labaton Sucharow Files Class Action Lawsuit Against Harris Stratex Networks, Inc.

NEW YORK, Sept. 15, 2008 (LAWFUEL) — Labaton Sucharow filed a class action lawsuit on September 15, 2008 in the United States District Court for the District of Delaware, on behalf of all purchasers of the securities of Harris Stratex Networks, Inc. (“Harris Stratex” or the “Company”) (Nasdaq:HSTX) between January 29, 2007 and July 30,

Labaton Sucharow Files Class Action Lawsuit Against Harris Stratex Networks, Inc. Read More »

SEC Charges Pasta Executives With Accounting Fraud

Washington, D.C., Sept. 15, 2008 (LAWFUEL) – The Securities and Exchange Commission today charged Kansas City-based American Italian Pasta Company (AIPC) and its former senior executives for engaging in a fraudulent accounting scheme to artificially increase the company’s stock price and mislead investors about the company’s earnings. The SEC’s complaints allege that AIPC’s former chief

SEC Charges Pasta Executives With Accounting Fraud Read More »

SEC Launches Voluntary Online Filing System for Form D to Reduce Burden on Smaller Companies

Washington, D.C., Sept. 15, 2008 (LAWFUEL) – The Securities and Exchange Commission today began accepting filings of Form D through the Internet as part of the agency’s overall efforts to reduce unnecessary paper filings and regulatory burdens, particularly for smaller companies. The new rules providing for online filing and simplification of Form D notices were

SEC Launches Voluntary Online Filing System for Form D to Reduce Burden on Smaller Companies Read More »

Further Statement Regarding Recent Market Events and Lehman Brothers

(LAWFUEL) Washington, D.C., Sept. 15, 2008 – The decision by Lehman Brothers Holdings Inc. to file for protection under Chapter 11 of the bankruptcy laws is expected to lead to the winding down of Lehman Brothers Inc., its U.S. regulated broker-dealer, outside of bankruptcy. The accounts of Lehman’s U.S. retail securities customers are with the

Further Statement Regarding Recent Market Events and Lehman Brothers Read More »

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