Law Firms

Even in a city accustomed to wel- coming immigrants, they are a breed apart: law firms that leave their home markets, where they often dominate, to open offices in New York, where they struggle for a foothold. But come they have-and do-inexorably, for the last 25 years. By our count, 94 out-of-town firms in The […]

A jury convicted L. Dennis Kozlowski today of 22 of 23 counts of conspiracy, securities fraud, grand larceny and falsifying records, and acquitted him on one charge. Kozlowski, former chief executive officer of Tyco, was found guilty in state Supreme Court. He was acquitted on a single count of falsifying records. Sentencing is tentatively scheduled

Accounting experts think it unlikely that the US Department of Justice will bring criminal charges against accounting firm KPMG over the sale of abusive tax shelters. The Justice Department has been investigating past sales of certain tax shelters by KPMG for several months . The Wall Street Journal reported yesterday that US prosecutors had built

Parties involved in a family dispute that threatens to break up a Utah law firm say they have been contacted in an FBI investigation. The dispute involves the firm Gregory, Barton and Swapp, famous for it’s television commercials boasting, “One Call, That’s All.” Keith Barton, the public face of the firm in commercials, is being

The U.S. Justice Department has agreed to investigate whether politics influenced a recent decision to reduce the proposed sanctions in the government’s racketeering case against cigarette makers, lawmakers said on Tuesday. The agency’s Office of Professional Responsibility plans to review the decision to scale back the proposed sanctions in the tobacco case from $130 billion

The ailing King Fahd, one of the world’s richest and most powerful men, is facing an embarrassing public showdown in a British court later this year with a woman who claims to be his estranged wife. The 83-year-old ruler of Saudi Arabia is being sued by Janan Harb for a share of his $22bn (£12.2bn)

One in 10 of the 100 biggest law firms have indicated they could seek a stock market flotation in the wake of planned rules allowing outside investment in the legal sector. A survey of managing partners at the largest commercial practices has revealed a significant appetite for raising extra capital should ministers carry through the

The 8-month trial and 8 day verdict ended an anguished wait for Jackson’s successful defense team – and their client – but resulted in a euphoria for the star’s fans as much as it created a bitter defeat for prosecutors Jackson, 46, was prosecuted on 10 felony counts – four of child molesting, one of

The Supreme Court on Monday refused to hear several appeals from media companies that wanted the court to restore regulations making it easier for newspaper and broadcast companies to combine. Without comment, justices let stand a lower court ruling that threw out the FCC regulations as unjustified. The media groups argued that the Philadelphia-based 3rd

Radical Arab militants have been trickling into Iraq to join the fight of Ba’athists and radical Islamists against US forces. But another, non-violent Arab contingent of volunteers has been gearing up for battle on a different front – the defence of Saddam Hussein. During the past year, the committee for the defence of Mr Hussein,