South Korea’s Samsung Electronics Co. Ltd. has agreed to plead guilty to a charge that it conspired to fix the price of memory chips and will pay a $300 million fine, the U.S. Justice Department said on Thursday.

South Korea’s Samsung Electronics Co. Ltd. has agreed to plead guilty to a charge that it conspired to fix the price of memory chips and will pay a $300 million fine, the U.S. Justice Department said on Thursday. The Justice Department said the criminal antitrust fine was the second-largest in U.S. history, and it left […]

South Korea’s Samsung Electronics Co. Ltd. has agreed to plead guilty to a charge that it conspired to fix the price of memory chips and will pay a $300 million fine, the U.S. Justice Department said on Thursday. Read More »

Technology and communications companies rank third on the list of U.S. and U.K. industries with the most litigation, according a new survey of manufacturing companies.

Technology and communications companies rank third on the list of U.S. and U.K. industries with the most litigation, according a new survey of manufacturing companies. The survey by the law firm Fulbright & Jaworski, a leading intellectual-property litigator based in New York and Houston, found that the average U.S. manufacturer currently faces 40 lawsuits. Of

Technology and communications companies rank third on the list of U.S. and U.K. industries with the most litigation, according a new survey of manufacturing companies. Read More »

Phillip R. Bennett, the chief executive and chairman of Refco Inc., who took the futures broker public two months ago, was placed on a leave of absence after an internal review found he owed the company $430 million.

Phillip R. Bennett, the chief executive and chairman of Refco Inc., who took the futures broker public two months ago, was placed on a leave of absence after an internal review found he owed the company $430 million. Bennett, 57, whose backers include Boston-based buyout firm Thomas H. Lee Partners LP, didn’t disclose that the

Phillip R. Bennett, the chief executive and chairman of Refco Inc., who took the futures broker public two months ago, was placed on a leave of absence after an internal review found he owed the company $430 million. Read More »

The US government has seized almost $9m from Conrad Black, the embattled media tycoon, alleging that the proceeds of his sale of an elegant New York apartment were the result of a fraudulent scheme.

The US government has seized almost $9m from Conrad Black, the embattled media tycoon, alleging that the proceeds of his sale of an elegant New York apartment were the result of a fraudulent scheme. FBI agents swooped on Friday night as the $10.5m sale of the Park Avenue property was completed. They seized $7.9m. Earlier

The US government has seized almost $9m from Conrad Black, the embattled media tycoon, alleging that the proceeds of his sale of an elegant New York apartment were the result of a fraudulent scheme. Read More »

Russian prosecutors have launched a series of raids during the past 48 hours at banks, businesses and offices associated with the floundering oil company Yukos and its founder and former chief executive Mikhail Khodorkovsky.

Russian prosecutors have launched a series of raids during the past 48 hours at banks, businesses and offices associated with the floundering oil company Yukos and its founder and former chief executive Mikhail Khodorkovsky. The raids appear to be the preamble to fresh charges being laid against the jailed oil magnate. On Wednesday, police searched

Russian prosecutors have launched a series of raids during the past 48 hours at banks, businesses and offices associated with the floundering oil company Yukos and its founder and former chief executive Mikhail Khodorkovsky. Read More »

Seeking to quell unrest on his conservative flank, President Bush mounted a defense Tuesday of Supreme Court nominee Harriet Miers, insisting that his friend and former personal lawyer was “the best person I could find” for the job.

Seeking to quell unrest on his conservative flank, President Bush mounted a defense Tuesday of Supreme Court nominee Harriet Miers, insisting that his friend and former personal lawyer was “the best person I could find” for the job. “I can understand people not knowing Harriet. She hasn’t been one of these publicity hounds,” Bush said

Seeking to quell unrest on his conservative flank, President Bush mounted a defense Tuesday of Supreme Court nominee Harriet Miers, insisting that his friend and former personal lawyer was “the best person I could find” for the job. Read More »

President Bush on Tuesday defended Harriet Miers, his Supreme Court nominee, against charges that she lacked the principles or preparation needed for the country’s highest court, insisting she was “the best person I could find”.

President Bush on Tuesday defended Harriet Miers, his Supreme Court nominee, against charges that she lacked the principles or preparation needed for the country’s highest court, insisting she was “the best person I could find”. In a long White House news conference, Mr Bush sought to reassure Republican conservatives, saying his White House counsel “is

President Bush on Tuesday defended Harriet Miers, his Supreme Court nominee, against charges that she lacked the principles or preparation needed for the country’s highest court, insisting she was “the best person I could find”. Read More »

A Texas grand jury indicted Rep. Tom DeLay on a new charge of money laundering Monday, less than a week after another grand jury leveled a conspiracy charge that forced DeLay to temporarily step down as House majority leader.

A Texas grand jury indicted Rep. Tom DeLay on a new charge of money laundering Monday, less than a week after another grand jury leveled a conspiracy charge that forced DeLay to temporarily step down as House majority leader. Both indictments accuse DeLay and two political associates of conspiring to get around a state ban

A Texas grand jury indicted Rep. Tom DeLay on a new charge of money laundering Monday, less than a week after another grand jury leveled a conspiracy charge that forced DeLay to temporarily step down as House majority leader. Read More »

Clifford Chance is taking steps to ensure it’s fully versed with the changing geopolitical world, by drawing up plans to let it deal with major change.

What would happen to your business if China invaded Taiwan? How would your clients react if America adopted an isolationist foreign policy? Where would your growth come from if globalisation were reversed? It might sound so far-fetched as to be irrelevant, but Clifford Chance, the global law firm, has commissioned one of its biggest strategic

Clifford Chance is taking steps to ensure it’s fully versed with the changing geopolitical world, by drawing up plans to let it deal with major change. Read More »

Eliot Spitzer helped create the prosecutorial model, now being emulated by other attorneys general. But is Spitzerism going to carry the fraud-busting enforcer into the New York Governor’s mansion?

If recent history is any guide, Eliot Spitzer’s chances of becoming governor of New York next year are greatly enhanced by the presence of the words “attorney general” on his résumé. Since 2002, Democrats nationwide have won 18 open seats for governor or senator. Six of the winners had served either as state attorney general

Eliot Spitzer helped create the prosecutorial model, now being emulated by other attorneys general. But is Spitzerism going to carry the fraud-busting enforcer into the New York Governor’s mansion? Read More »

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