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
Just over four years after Enron became the largest bankruptcy in corporate history, costing employees and investors billions of dollars, the company’s founder and its former chief executive will finally get their day in court. Jeffrey Skilling’s role in the collapse of the former energy giant is examined in the documentary film “Enron: Smartest Guys
The latest claims — which are being brought against the firm by intranet projects manager Shazia Wahab — were reaching the close of an employment tribunal. Wahab has made two separate claims against the firm for discrimination covering sex and race, and discrimination against her as a part-time employee. The Department of Trade & Industry
In Indonesia’s latest bombing incident, at the Marriott Hotel in Jakarta, accusatory fingers are once again pointed at Jemaah Islamiyah (JI), the terror network allegedly linked to al-Qaeda. The trail pointed to JI even before the smoke from the rubble had settled. This is because in past weeks Indonesian police have arrested suspected JI members.
