A billionaire trader who is one of the world’s most prolific gamblers has won a £60m High Court battle with the Iranian military over a missing aeroplane, Times Online has learnt. Fouad al-Zayat – known in casinos across the world as the “Fat Man” – was accused by the Iranians of taking payment for a […]
The manufacturer of the potent painkiller OxyContin and three current and former executives at the company yesterday pleaded guilty to falsely marketing the drug in a way that played down its addictive properties and led to scores of people becoming addicted, prosecutors said. The Purdue Frederick Co. and its chief executive, top lawyer, and former
Federal authorities have described the case as one of the most pervasive Wall Street insider trading rings since Ivan Boesky and Dennis Levine engaged in notorious schemes in the 1980s. The $15 million scam reached into some of the nation’s top financial firms, relying on insiders at Morgan Stanley and Co. and UBS Securities LLC
Armed police violently broke up a demonstration of lawyers today, subjecting them to punishment beatings as passing motorists stopped and watched in horror. One group was corralled on to a truck and taken to open grassland in a suburb of Harare, where they were assaulted as they lay on the ground. The victims included Beatrice
The good news is that lateral partners are happier at their new firms than they were 10 years ago. The bad news is that their expectations about a firm’s ability to expand and support their practices are still not being met — a leading factor in why many chose to jump ship in the first
Like David Rockefeller in the United States and a succession of Rothschilds in Europe, David K.P. Li has long received the accolades that come to aristocratic bankers who combine wealth, political influence and public service. Li is a cabinet official here, a senior member of the legislature and the chairman and chief executive of the
In the wake of the tainted pet-food scandal, some pet owners, aided by trial lawyers and advocacy groups, are trying to achieve human-like status for their animals in our civil courts. If they succeed, it may become much more costly — and risky — to own a pet in America. Many of America’s estimated 65
Finally, some good news for Richard A. Grasso. In a decision yesterday that raises the legal hopes of Mr. Grasso, the former chairman of the New York Stock Exchange, a New York appeals court dismissed four of six legal claims brought against him over his compensation. The ruling may make it more difficult for the
Revenues at Linklaters are set to smash the £1bn barrier for the first time as it challenges Clifford Chance for the title of the world’s largest law firm, The Lawyer reports. Linklaters will outshine Freshfields Bruckhaus Deringer, with growth of around 15 per cent. Despite the massive upheaval at Freshfields, insiders predict that its revenue
The man who was Conrad Black’s trusted top associate for 30 years testified at the former media baron’s fraud trial on Tuesday how millions of dollars prosecutors claim were stolen began flowing to a Canadian company controlled by Black. David Radler, who has pleaded guilty to a single count of fraud in the same case
