Law Firms

Federal Prosecutors unsealed an affidavit that details a rendezvous in a Washington hotel room last month between a prostitute and “Client 9,” who a CNN source says is New York Gov. Eliot Spitzer. That afternoon Spitzer addressed the press and apologized for letting voters and his family down. Now, some leaders are calling for Spitzer […]

Gov. Eliot Spitzer has been caught on a federal wiretap arranging to meet with a high-priced prostitute at a Washington hotel last month, according to a person briefed on the federal investigation. An affidavit in the federal investigation into a prostitution ring said that a wiretap recording captured a man identified as Client 9 on

The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp (CFC.N: Quote, Profile, Research), for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported on Sunday. Citing unnamed government officials with knowledge of the case, the Times said the investigation into whether

The UK’s top 100 law firms have continued to grow despite signs that the economic downturn is beginning to have an impact, according to the figures from Deloitte. The accountancy firm’s Quarterly Legal Sector Survey showed that law firm fee income rose by an average of 11 per cent in the three months to the

A mid-market private equity fund with £255 million to spend has become the first investment house to say it is actively targeting the legal sector ahead of radical changes that will allow law firms to take on outside investment for the first time. Lyceum Capital — whose previous investments include Asquith Nurseries and Southern Cross,

An activist lawyer with close ties to a jailed Chinese dissident is missing, a rights group said Friday. Teng Biao did not return home from his Beijing office on Thursday, despite telling his wife he would be back around 8:30 p.m., the Hong Kong-based China Human Rights Lawyers Concern Group said on its Web site.

The legend of Richard Scruggs is by now well-known. His fame took root in the 1990s, when he won settlements for shipyard workers in Pascagoula, Miss., who had been exposed to asbestos. It blossomed in 1998, when the former Navy fighter pilot pressured tobacco companies to agree to a $248 billion settlement. And, in recent

Fidelity Investments Vice Chairman Peter Lynch, former head trader Scott DeSano and 11 employees accepted more than $1.6 million worth of gifts from brokers jockeying to trade for the world’s largest mutual-fund company, U.S. regulators said. Fidelity will pay $8 million to settle the U.S. Securities and Exchange Commission’s claims, the agency said yesterday in

Enough people have signed on to Merck & Co.’s pending $4.85 billion Vioxx settlement to keep the deal moving forward, the drug maker announced. The company said more than 44,000 of the 47,000 claimants who registered injuries eligible for compensation have submitted some or all of the documentation required to seek a share of the

Conrad Black, the former newspaper magnate who lived lavishly, socialized with rich and powerful people on both sides of the Atlantic and gave up his Canadian citizenship to join British nobility, reported to the Coleman Federal Correctional Complex on Monday where he’ll be known as inmate No. 18330-424. Quickly, quietly and just over two hours