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FDIC, Deutsche Bank $150M Settlement Stemmed From About a Decade of Litigation
The FDIC alleged that banks made untrue, misleading statements about the quality of the mortgage loans in order to sell billions worth of residential mortgage-backed securities to Guaranty Bank, which failed in 2009.Ericsson Is Counting on Laurie Waddy to Fix Compliance Woes
The Swedish telecom giant appears to have placed the company's fate in the hands of its recently hired chief compliance officer along with chief legal officer Xavier Dedullen.Daily Dicta: Representing Corporations Does Not Make You Evil, Elizabeth Warren Edition
How could Warren in good conscience oppose asbestos poisoning victims who were fighting to bring new claims against insurance giant Travelers? The nuanced answer: Easily.Trump Battles Are Teed Up, Paul Weiss' Diversity, Ericsson's $1B FCPA Blunder: The Morning Minute
Here's the news you need to start your day.Simpson Thacher Team Resolves Ericsson's FCPA Claims for $1B
"Ericsson's corrupt conduct involved high-level executives and spanned 17 years and at least five countries, all in a misguided effort to increase profits," Brian Benczkowski, head of DOJ's criminal division, said in a statement.A Misguided Shift in Bail for the Wealthy: 'United States v. Boustani'
Not that long ago, individuals accused of non-violent, "white-collar" crimes were able to stay out of jail pending adjudication of the charges against them, obtaining bail packages that leveraged their substantial assets to satisfy the court's concerns that they would appear for trial. Times have changed.Private Equity Deal Value Dips, But Big Law Doesn't Feel the Pinch
Signs of a buyouts bottleneck aren't worrying these private equity and M&A lawyers.Stanford Releases Simpson Thacher's Review of College Admissions Scandal
According to Simpson Thacher, there was no evidence that any employee of Stanford athletics other than the former head sailing coach participated in the admissions fraud scheme orchestrated by William "Rick" Singer.The 2019 Women, Influence & Power In Law Awards
For this award, Corporate Counsel recognizes transformative legal leadership.Trending Stories
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