Just as he finds himself sitting in a courtroom, pondering the possibility of prison and fighting the legal battle of his life, Michael Jackson is now also facing an urgent financial crisis that could cause him to lose part of his valuable music publishing business. The onetime King of Pop, whose lavish spending and mounting […]

Yesterday, the U.S. attorney’s office in New York revealed its indictment of Houston oil trader and Bayoil owner David Bay Chalmers, who, the government alleges, used intermediaries to pay at least $3 million to Saddam Hussein’s dictatorship over the course of the seven-year-long United Nations Oil for Food Program. The program was meant to use

Former HIH Insurance chief executive Ray Williams will appeal a jail sentence of nearly three years handed down today for crimes committed at the failed insurance company. The 68-year-old founder of the company involved in Australia’s biggest-ever corporate collapse was today sentenced to least two years and nine months in jail, with a maximum term

Firm Courts Preparation for Cases Posted 4/14/2005 02:42 PM Offutt, Fisher & Nord practices in its own realistic legal setting. Story by Jeff Pullin Email | Bio When D.C. Offutt Jr. visited a San Francisco law firm in the mid-1990s, he returned to his own firm with an idea that changed the way it handles

Former American International Group Inc. chief executive Maurice R. “Hank” Greenberg’s transfer of more than $2 billion worth of AIG shares to his wife probably would not survive a court challenge, legal experts said Wednesday. Greenberg, who faces shareholder lawsuits and who has been questioned in a federal and state investigation into AIG accounting, disclosed

The attorney for two former altar boys who claim a Roman Catholic priest molested them in Antioch asked a jury Tuesday to impose $27 million in damages, a figure one church attorney said was unwarranted and “pulled out of the air.” The Rev. Robert Ponciroli victimized Tom Thatcher, 33, and his brother Bob, 34, two

State Attorney General Eliot Spitzer has received thousands of dollars in campaign donations from lawyers at a prominent Manhattan law firm hired by AIG — even as the insurance giant is under investigation by Spitzer’s office. Between late November and mid-January, Spitzer received $18,500 from 16 different attorneys from the law firm of Paul, Weiss,

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

A federal judge Monday rejected Martha Stewart’s bid to end her five months of house arrest early, calling her sentence “reasonable and appropriate.” Judge Miriam Goldman Cedarbaum said she was not persuaded by Stewart’s claim that the punishment was hurting her business. “I see no reason to modify the sentence,” the judge said. Stewart began

The fight over a secretive entity that wields enormous influence over AIG is just starting There’s probably never been anything like this in U.S. corporate history: a titanic legal struggle pitting the interests of corporate governance and public shareholders against those of a private company and the rights of its owners. At the pinnacle of