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The allegations in the new complaint sound an awful lot like what shareholders have already claimed in a Delaware Chancery Court case against Barclays and KKR. But they're also similar to those in a sweeping LBO bid-rigging suit Robins is pursuing against 17 investment banks and private equity funds.
Justice Watch: The custody, distribution of Rothstein Ponzi spoils at center of dispute
An appellate judge sounds off on a district judge handing Scott Rothstein's assets to federal prosecutors for distribution, saying at a hearing it violates long-standing bankruptcy law.GCs Bristle at Proposed Disclosure Rules
Changes proposed by the Financial Accounting Standards Board that would force public companies to disclose more about the risks of litigation have caused a howl of protest among general counsel and corporate and defense lawyers. Under the revised rules for FASB Statement No. 5, the threshold for reporting the potential loss from a lawsuit would be lowered from "probable" to anything but "remote." Public companies would also have to estimate just how much legal threats might cost and the likely outcome. They'd also have to disclose more details about the underlying litigation and the reasoning behind their predictions.Affidavit-of-Merit Requirement Holds Firm
Recent appellate decision will promote stricter enforcement of the affidavit of merit statuteView more book results for the query "*"
Heat's Pat Riley sells Gables Estates mansion
Heat president Pat Riley and his wife, Christine, sold their Coral Gables mansion for nearly $17 million. The Rileys paid $6.3 million for the home in 1996.New Jersey wants more off-track betting options
TRENTON, N.J. (AP) - New Jersey is trying to jump-start its stalled effort to increase off-track wagering on horse races.White & Case, Weil Gotshal Show Strong Financials for London Offices
At the end of January, White & Case and Weil, Gotshal & Manges confirmed strong financial results for their London offices in 2007. White & Case excelled in revenue growth, increasing its top line by 37 percent to reach $235.7 million. Weil stood out in terms of profitability, as the firm's profits per equity partner almost doubled, to hit $2.69 million last year. Weil London head Michael Francies attributes part of the London office's success to key lateral hires that the firm has made in recent years.Trending Stories
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