Former Federated CEO James Zimmerman was indicted for lying to prosecutors during a probe of whether the firm was trying to keep tableware from Waterford and Lenox out of rival Bed, Bath & Beyond. If found guilty of lying under oath during a probe by state Attorney General Eliot Spitzer’s office, Zimmerman could face as […]

A federal judge has delayed for a week a decision on proposed bankruptcy financing for Trump Hotels & Casino Resorts Inc. so that shareholders can review the company’s finances. A New Jersey bankruptcy court hearing will now be held Jan. 11 to review an interim approval of the casino operator’s $100 million reorganization financing, according

A merger between the Boston-based Ropes and Gray law firm with Fish and Neave, a law firm with offices in New York and Washington DC, has been finalized. Ropes and Gray Chairman Bradford Malt perviously said the merger would create a powerful new resource for its clients. The combined firms will employ 750 lawyers and

The trial of Richard M. Scrushy, the charismatic founder and former chief executive of HealthSouth who is being charged with fraud, opens next week in a federal district court in Birmingham, Ala. The trial “will be a fascinating soap opera,” said John C. Coffee Jr., a Columbia University professor who specializes in securities law. More

HealthSouth the US hospital operator, on Thursday settled allegations that it defrauded federal health insurance programmes by agreeing to pay $325m. The US Department of Justice said the case covered allegations that HealthSouth had improperly or unlawfully billed Medicare and other federal programmes for a range of patient services dating back to 1991. But the

Former US attorney general Ramsey Clark is to join the defence team of Saddam Hussein, a spokesman for the toppled Iraqi president’s lawyers said today. Mr Clark, who held the office of attorney general under US president Lyndon B. Johnson, “is one of the members of the defence team of president Saddam Hussein,” Ziad Khassawneh

In his harshest criticism of the Kremlin to date, Mikhail B. Khodorkovsky, the businessman who founded Russia’s largest oil producer, Yukos, accused the government of stealing his oil empire and warned in a letter published Tuesday that a continuing crackdown on post-Soviet freedoms would ruin the country. Writing from prison, where he has been held

As managing partners across the country are in the process of tabulating bonuses for 2004, it appears that associates at East Coast firms may have the jolliest holidays of all. Bonuses for new and senior associates this year at many East Coast firms are on the rise, while the year-end perks at some Midwest firms

A senior banker who claimed she was victimised by her bosses has won her legal action for unfair dismissal against the American investment bank Merrill Lynch. An employment tribunal in London ruled that Stephanie Villalba, 42, who earned £1m a year, was unfairly treated. It criticised the bank for trying to grind her down in

Eliot Spitzer may be ready to turn in his badge. After a string of stinging prosecutions that shook up Wall Street, the mutual fund business and the nation’s insurance industry, the New York Attorney General is ready to turn those investigations over to federal regulators, the New York Times reported Saturday. Spitzer told the newspaper