Law Firms

As managing partners across the country are in the process of tabulating bonuses for 2004, it appears that associates at East Coast firms may have the jolliest holidays of all. Bonuses for new and senior associates this year at many East Coast firms are on the rise, while the year-end perks at some Midwest firms […]

A senior banker who claimed she was victimised by her bosses has won her legal action for unfair dismissal against the American investment bank Merrill Lynch. An employment tribunal in London ruled that Stephanie Villalba, 42, who earned £1m a year, was unfairly treated. It criticised the bank for trying to grind her down in

Eliot Spitzer may be ready to turn in his badge. After a string of stinging prosecutions that shook up Wall Street, the mutual fund business and the nation’s insurance industry, the New York Attorney General is ready to turn those investigations over to federal regulators, the New York Times reported Saturday. Spitzer told the newspaper

It may be called Camp Cupcake but in the two-and-half months Martha Stewart has been in the federal women’s prison camp in Alderson, West Virginia, she’s found a few things to complain about. Stewart, the founder of Martha Stewart Living Omnimedia, has been incarcerated in the prison since early October after being sentenced to 10

John G. Rowland, who stepped down as Connecticut’s governor last summer in the face of impeachment, pleaded guilty today to a single federal charge of criminal conspiracy. In the plea agreement, Mr. Rowland admitted to defrauding the Internal Revenue Service by failing to report gratuities, and to defrauding the people of Connecticut by failing to

The European Union (EU) Court of First Instance has upheld sanctions slapped by the European Commission against Microsoft Corporation, ordering the world’s largest software company to change business practices and reveal some trade secrets. The latest ruling by the Luxembourg-based court also forced Microsoft to take steps, including producing a version of Windows without its

A federal judge has refused to accept a guilty plea from a former America Online employee accused of selling the Internet provider’s customer list to a “spammer,” saying he was unsure a crime had been committed. U.S. District Judge Alvin Hellerstein stopped a Tuesday hearing at which Jason Smathers was to plead guilty to conspiracy

The constitutional crisis provoked by the Government’s refusal to withdraw anti-terror laws is expected to deepen this week with the resignation of more lawyers appointed by ministers to represent foreign terror suspects at secret hearings. Five barristers are considering following the lead of Ian Macdonald QC, who declared yesterday his intention to step down from

First Command Financial Planning Inc., a company that sold high-fee mutual funds to military officers, has agreed to pay $12 million to settle regulators’ charges that it used misleading sales material to promote the funds. The Securities and Exchange Commission and the National Association of Securities Dealers, the brokerage industry’s self-policing organization, announced Wednesday the

Leaders in Saddam Hussein’s regime will go on trial for crimes against humanity and war crimes as early as next week, Iraq’s interim premier says. Iyad Allawi said that the “symbols” of the former regime would be tried “one by one” but gave few details. There was no indication when Saddam Hussein himself would face