Indicted U.S. law firm Milberg LLP is in settlement talks with federal prosecutors to resolve a long-running criminal case involving accusations it paid illegal kickbacks to clients, sources close to the talks said on Tuesday.

Indicted U.S. law firm Milberg LLP is in settlement talks with federal prosecutors to resolve a long-running criminal case involving accusations it paid illegal kickbacks to clients, sources close to the talks said on Tuesday. New York-based Milberg, scheduled to go on trial in August, is discussing ways to resolve the case with the U.S. […]

Indicted U.S. law firm Milberg LLP is in settlement talks with federal prosecutors to resolve a long-running criminal case involving accusations it paid illegal kickbacks to clients, sources close to the talks said on Tuesday. Read More »

IRS Announces Relief for Stimulus Payments Withdrawn from IRAs and Tax Favoured Accounts

WASHINGTON (Lawfuel) — Economic stimulus payments directly deposited into IRAs and other tax-favored accounts may be withdrawn tax-free and penalty-free, the Internal Revenue Service announced today. This relief is designed to help taxpayers who may have been unaware that by choosing direct deposit for their entire regular tax refund, they were also choosing to have

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Investigation Announced on Behalf of Purchasers of HireRight Inc Common Stock

DENVER, April 30, 2008 (Lawfuel) — The law firm of Dyer & Berens LLP (www.berenslaw.com) announced today that it has initiated an investigation on behalf of purchasers of HireRight, Inc. (Nasdaq:HIRE) common stock between August 8, 2007 and September 17, 2007 concerning whether the company misrepresented and/or omitted certain material facts in connection with its

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SEC Charges Birmingham Mayor and Friends for Undisclosed Payment Scheme in Municipal Bond Deals

Washington, D.C., April 30, 2008 (Lawfuel) – The Securities and Exchange Commission today charged Birmingham Mayor Larry Langford and two of his friends in connection with undisclosed payments to Langford related to municipal bond offerings and swap agreement transactions Langford directed on behalf of Jefferson County, Ala. Also charged was the Alabama broker-dealer firm that

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US Law Firm Gardere Wynne Sewell adds Partner to its Environment Group

AUSTIN (Lawfuel) – Gardere Wynne Sewell LLP announces the addition of Elizabeth Hurst as a partner in its Environmental Group. She will practice in the firm’s Austin office and work closely with the Government Affairs Team. Ms. Hurst joins Gardere from the Oklahoma City-based chemical company Tronox Inc., where she managed the litigation and environmental

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SEC Charges Two Former Monster Worldwide Executives for Backdating Options

Washington, D.C., April 30, 2008 (Lawfule) – The Securities and Exchange Commission today charged two former senior executives at Monster Worldwide, Inc., for their alleged participation in a multi-year scheme to secretly backdate stock options granted to thousands of Monster officers, directors and employees. The SEC’s complaint, filed in the District Court for Southern District

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Class Action Lawsuit Filed Against TD Ameritrade Holding Corporation for Auction Rate Securities

NEW YORK, April 30, 2008 (Lawfuel) — Levi & Korsinsky, LLP (www.zlk.com) announced that it had filed a class action lawsuit on behalf of all those who purchased Auction Rate Securities from TD Ameritrade Holding Corporation (NYSE:AMTD) between March 19, 2003 and February 13, 2008, inclusive (the “Class” or “Class Period”), to recover damages caused

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Finkelstein Thompson Announces Filing of Securities Fraud Class Action Against First Marblehead Corp.

WASHINGTON, April 30, 2008 (Lawfuel) — Notice is hereby given that Finkelstein Thompson LLP has filed a Class Action lawsuit in the United States District Court for the District of Massachusetts on behalf of a class (the “Class”) consisting of all persons or entities who purchased or otherwise acquired the common stock of First Marblehead

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330 Years in Federal Prison for Multi-Million Dollar High Yield Investment Fraud

DENVER (Lawfuel) – Troy A. Eid, United States Attorney for the District of Colorado, James H. Davis, Special Agent in Charge of the Federal Bureau of Investigation’s Denver Division, and Terry L. Stuart, Special Agent In Charge of the IRS-Criminal Investigation, Denver Field Office, announced that NORMAN SCHMIDT, age 72, of Denver, Colorado, was sentenced

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Class Action Lawsuit Filed Against Lehman Brothers Holdings Inc.

NEW YORK, April 29, 2008 (Lawfuel) — Schiffrin Barroway Topaz & Kessler, LLP and Labaton Sucharow LLP filed a class action lawsuit on April 29, 2008 in the United States District Court for the Northern District of Illinois, on behalf of purchasers of the securities of Lehman Brothers Holdings Inc. (“Lehman Brothers” or the “Company”)

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