Law Firms

Microsoft Corporation said yesterday that it would pay Gateway $150 million over four years to settle the computer maker’s claim that it was harmed by Microsoft’s abuse of its Windows monopoly. Microsoft, which is based in Redmond, Wash., said it would take a $123 million pretax charge in the quarter ended March 31 to account […]

Arthur Andersen, the once-venerable accounting firm indicted, convicted and destroyed after the collapse of Enron, has reached an agreement to pay $65 million to resolve a class-action lawsuit filed against it by investors in WorldCom in the wake of an $11 billion accounting scandal. The terms of the settlement, which requires court approval, are to

A majority of partners of Holland & Knight support the law firm’s managing partner, despite his promotion several weeks ago of an attorney disciplined for sexual harassment, said a Holland & Knight spokeswoman. Also, the continued coverage of the issue by the media, while disruptive, isn’t having much effect on the 1,250-lawyer firm, said Martha

Russia’s state oil company won a claim for 62.4 billion rubles ($2.2 billion) from OAO Yukos Oil Co., raising the prospect the government will seize the last oil fields of what was once the country’s biggest crude exporter. OAO Rosneft won its victory today in the Moscow Arbitration Court came as prosecutors said they will

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