Law Firms

Depending on the math and the time of the telling, Dennis Kozlowski and Mark Swartz have been accused of stealing $150 million from Tyco International or “looting” the company of as much as $600 million. But when you’re sitting through their criminal trial, it can be hard to get a grip on the details. First, […]

“Today’s verdict is wrong…The reality here is that this verdict represents only a technical conviction.” So reads a statement Arthur Andersen issued back on June 15, 2002, just after a Houston jury found the accounting firm guilty concerning its actions in the Enron affair. Technical though it may have been—Andersen was convicted not for abetting

Citigroup Inc. said on Friday it will pay $2 billion to Enron Corp. investors who accused it of helping the energy trader in a massive accounting fraud, a move that cleans up one of the bank’s top legal problems and could pressure others to settle the case. The class-action settlement with stock and bond holders

Plans to abolish juries in complex fraud trials do not amount to a general attack on jury trial, the Attorney General insisted today. Lord Goldsmith QC unveiled plans to enact a change in the law which was passed by Parliament more than 18 months ago. It will allow a single judge to sit on complex

Charges against a wealthy California investor accused of taking kickbacks to file shareholder lawsuits show that federal prosecutors really want to go after securities law firm Milberg Weiss and its principals, the investor’s lawyer said on Monday. In a statement on Monday, the firm said that the fees it had paid were part of a

Partners at pioneering international law firm Coudert Brothers have voted to let the firm break up after failing to reach a merger agreement with another firm. “After exploring various options, the partners of Coudert have authorized the Firm to enter into combinations of offices and practice groups with other firms to reflect the strengths of

Federal prosecutors have indicted eight former executives of the accounting firm KPMG on charges of conspiring to defraud the government by selling questionable tax shelters that deprived it of billions of dollars in revenue. The indictment, made public today in United States District Court in Manhattan, is a major step in the Justice Department’s criminal

DLA Piper Rudnick Gray Cary and Orrick Herrington & Sutcliffe have drawn up battle lines in China as the rival firms fight for control of Coudert Brothers’ esteemed Beijing practice. DLA Piper has swooped for the majority of the lawyers in Coudert’s Beijing office, despite the fact that Orrick had paid Coudert’s New York management

Bankruptcy filings in the past few weeks have spiked to record highs as consumers rushed to file before a new, more stringent bankruptcy law takes effect on Monday, Oct. 17. For the week ending Oct. 8, bankruptcy courts reported a total of 102,863 filings, up from the previous record high of 68,387 the week before,

After almost five years on the run, the conman who stole the most valuable domain name in the world, sex.com, was today handed over to US authorities. The arrest of Stephen Cohen, 57, is the latest twist in the most extraordinary legal epic from the dot.com boom: a virtual tug-of-war which became a multi-million dollar