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Firm Resolves Dispute in KPMG Tax Probe
California lawyer William A. Goddard and his former firm, Lee, Goddard & Duffy, have reached an agreement with federal agents who are seeking documents related to the criminal investigation of fraudulent tax shelters sold by accounting giant KPMG. The firm turned over 10,000 pages of documents, but rejected an IRS agent's request for additional information related to 24 individuals and companies, court papers say. It's unclear whether Goddard could face civil penalties or criminal charges.Report: Law Firms Losing Edge in Office Space Race
In the latest edition of its annual analysis of law firm real estate trends, real estate services firm Jones Lang LaSalle finds landlords routinely getting the upper hand in lease negotiations for the first time in seven years. At the same time, firms have been able to maintain an advantage in some major markets, including Chicago, Los Angeles, New York, and Washington, D.C.Cite as: IMS Health Inc. v. Sorrell, 09-1913-cv (L), 09-2056-cv (CON), NYLJ 1202475625582, at *1 (2d Cir., Decided November 23, 2010)Before: Feinberg and Living
IBM-Lenovo Merger Under Scrutiny
IBM Corp. and China's Lenovo Group Ltd. are negotiating with federal regulators to assuage any national security concerns over their $1.7 billion deal, sources said. The Committee on Foreign Investments in the U.S., a multiagency panel that reviews acquisitions of U.S. businesses by foreign companies, is expected to decide by Friday whether to launch a formal investigation into the deal, under which Lenovo would acquire IBM's PC manufacturing business.Franchise Fee Charged Cable Provider Deemed Reasonable
In a precedent-setting ruling, a federal judge has held that the city of White Plains, N.Y., may regulate the installation of a telecommunication provider's fiber optic cable network and be compensated by the carrier for using city property to provide services to the public. The proposal of an annual 5 percent franchise fee on all revenue was deemed fair and reasonable.IBM-Lenovo Merger Under Scrutiny
IBM Corp. and China's Lenovo Group Ltd. are negotiating with federal regulators to assuage any national security concerns over their $1.7 billion deal, sources said. The Committee on Foreign Investments in the U.S., a multiagency panel that reviews acquisitions of U.S. businesses by foreign companies, is expected to decide by Friday whether to launch a formal investigation into the deal, under which Lenovo would acquire IBM's PC manufacturing business.Phillips-Tosco Deal to Win Antitrust OK
Phillips Petroleum's $7 billion acquisition of Tosco Corp. is expected to win antitrust approval, though legal experts said the oil companies are unlikely to meet their goal of closing the deal in the third quarter. The Federal Trade Commission's current investigation of Chevron's acquisition of Texaco and the expected departure of FTC Chairman Robert Pitofsky will likely complicate the review process.Trending Stories
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Europe's Escalating Regulatory Framework: Mapping Efforts to Mitigate Supply Chain Risks
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5 Proven Steps to Accelerate Business Growth in a Crowded Legal Market
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2024 Report: Digital Payments in Class Actions and Mass Torts + a Special Look at Industry Fraud
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Law Firm Office Space Perspective: Major U.S. Markets
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