SEC Announces Distribution of $60 Million Fair Fund to MBIA Investors Harmed by Accounting Fraud

Washington, D.C., March 27, 2009 (LAWFUEL) – The Securities and Exchange Commission today announced the distribution of the $60 million Fair Fund created as part of a settled SEC enforcement action against MBIA Inc. in 2007. The funds were distributed to approximately 20,000 investors who purchased MBIA’s securities from Sept. 11, 1998, through Nov. 22, […]

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University of Miami School of Law Win Duberstein Bankruptcy Moot Court Competition

Moot Court IS MAKING ITS WAY towardS a top national ranking Coral Gables, FL (March 27, 2009 – LAWFUEL) – Further propelling the Charles C. Papy, Jr. Moot Court Board toward a top national ranking, the University of Miami School of Law won the 17th annual Chief Judge Conrad B. Duberstein Bankruptcy Moot Court Competition.

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DLA Piper Advises Daiwa Securities SMBC PI and Quantum Leaps in Setting up US$300 Million Fund in Asia

Asia (LAWFUEL) – DLA Piper today announced it has advised Daiwa Securities SMBC Principal Investments Co. Ltd. (“Daiwa Securities SMBC PI”) and Quantum Leaps Corporation (“Quantum Leaps”) in the formation of a US$ 300 million new growth fund aimed at investing in technology oriented companies with high growth potential in Asia. The deal was led

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It appears that the worst might possibly be over, both for the struggling global economy and the ever-increasing number of major law firms that have been laying off support staff, associates–and even partners–in record numbers.

It appears that the worst might possibly be over, both for the struggling global economy and the ever-increasing number of major law firms that have been laying off support staff, associates–and even partners–in record numbers. Although law firm layoffs continue–Thursday’s tally included some 234 people let go at four well-known firms–they have slowed. Following news

It appears that the worst might possibly be over, both for the struggling global economy and the ever-increasing number of major law firms that have been laying off support staff, associates–and even partners–in record numbers. Read More »

SEC Halts $68 Million Ponzi Scheme Involving Caribbean-Based Bank and Swiss Affiliate

Washington, D.C., March 26, 2009 (LAWFUEL) – The Securities and Exchange Commission has obtained an emergency court order halting a $68 million Ponzi scheme involving the sale of fictitious high-yield certificates of deposit (CDs) by Caribbean-based Millennium Bank. The SEC alleges that the scheme targeted U.S. investors and misled them into believing they were putting

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First $2,400 of Unemployment Benefits Tax Free for 2009

WASHINGTON (LAWFUEL) — All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service. “This morning we learned that a record 5.6 million people were receiving unemployment benefits in the middle of March. This underscores the need for the relief provided by the

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Testimony Concerning Enhancing Investor Protection and Regulation of the Securities Markets

Mary L. Schapiro – Chairman U.S. Securities and Exchange Commission (LAWFUEL) – Before the United States Senate Committee on Banking, Housing and Urban Affairs March 26, 2009 I. Introduction Chairman Dodd, Ranking Member Shelby, and members of the Committee: Thank you very much for inviting me to testify as we face a critical juncture in

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Foley Chief Information Officer Named International IT Director of the Year by Legal Technology Awards

Chicago (LAWFUEL) – Foley & Lardner LLP announced today that Douglas D. Caddell has been named Legal Technology Awards’ 2009 International IT Director of the Year. The Legal Technology Awards, in Association with Legal Technology Journal, is an organization based in the United Kingdom that recognizes individuals, law firms and suppliers for excellence in the

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Free Traffic Goldmine – Warning! Another Server Crash – This Time Mike Filsaime

Another day, another free traffic launch, another server crash. How many times do we hear a web traffic guru announcing that his super-hyped, web money-maker has been so popular it’s crashed the servers? The latest hyped launch, Mike Filsaime’s ‘butterfly marketing2.0’ has done it too – surprise surprise – as outline in the < a

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