The former finance chief of WorldCom Inc. testified on Tuesday that Bernard Ebbers, as CEO, had pressured him every quarter to meet Wall Street earnings estimates, repeatedly telling him “to hit the numbers.” In his second day of testifying as the prosecution’s star witness against Ebbers, Scott Sullivan recounted a series of conversations with his […]

Silicon Valley and Manhattan law firms descended on Boston in December, throwing money at the hotshot talent fleeing the country’s premier high-technology law firm, Testa, Hurwitz & Thibeault, as it was unraveling. Goodwin Procter, whose top partners earn over $1 million a year, could offer them money too. But the Boston firm had something more:

Duane Morris has agreed to pay an undisclosed sum to settle a legal malpractice suit brought by a former corporate executive who claimed the firm hid a serious conflict of interest from him and that he was forced into bankruptcy, where he had to sell his home and his stock interests in the company that

White House counsel Alberto Gonzales won U.S. Senate confirmation on Thursday as the nation’s next attorney general, but recorded the second highest number of “no” votes for a successful nominee for the post. The Republican-led Senate rejected Democrats’ complaints that he helped craft policies that contributed to the torture of foreign detainees and approved him

Would-be jurors in the Michael Jackson trial were asked in writing if they knew about past or current accusations of child sex abuse against the pop star and for their feelings about people of different races. A copy of the 41-question, seven-page questionnaire that was given to jury candidates earlier this week was made public

A landmark settlement last month that had 10 former WorldCom directors agreeing to pay $18 million from their own pockets to investors who lost money in the company’s failure was scuttled yesterday. The settlement fell apart after the judge overseeing the case ruled that one aspect of the deal was illegal because it would have

When it comes to coffee, Russell Christoff is more of a fresh-brewed than a freeze-dried kind of guy. So he never scrutinized the Taster’s Choice label. When he finally did, he was staring back at himself. While shopping for Bloody Mary mix at a drug store in 2002, the former actor and model saw a

Eliot Spitzer, New York’s attorney-general and a possible candidate for governor of New York state in 2006, has done his reputation no harm by humbling yet another financial giant. On Monday January 31st, he announced that Marsh & McLennan, the world’s biggest insurance broker, which he has hounded since the middle of 2004, is to

The judge in the Michael Jackson child molestation case said Tuesday he was ready to proceed to the next step in the jury selection process, saying enough potential jurors have been selected. The announcement by Superior Court Judge Rodney Melville came after a group of 250 potential jurors have been picked from about 450 people

Marsh & McLennan, America’s largest insurance brokerage company, agreed today to pay $850 million to settle charges by the New York State attorney general that it took payoffs from insurance companies to send them clients. Under the agreement, Marsh & McLennan will set up an $850 million fund to provide restitution to nationwide policyholders over