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Thacher Proffitt Warns Associates of Looming Layoffs
Thacher Proffitt & Wood informed about 50 associates Tuesday that their futures at the firm were uncertain because of the collapse of the market for mortgage-backed securities, an area where the firm had had a leading practice. Among those impacted by the warning were 24 non-first-year associates who were told they were almost certain to be laid off in January unless the credit market substantially improved. Also, 29 first-years were offered the option of taking four months' severance and leaving the firm.Former Charity CEO Faces Felony Charges
The former CEO of the Metropolitan Council on Jewish Poverty, who apologized when he was fired for what he called "mistakes," was charged Tuesday in a decades-long, $5 million scheme that involved overcharging the organization for insurance.State of Connecticut v. Crotty
Nonresident Lobster Law Violates Privileges and Immunities Clause of Article IVBusinesses increase stockpiles 0.8 pct. in October
U.S. businesses increased their stockpiles in October after slowing inventory growth in the previous month. The buildup in inventories should help the economy grow modestly in the final months of the year.View more book results for the query "*"
Conahan Gets 17.5 Years for Role in Luzerne Scandal
Before a packed courtroom Friday, former Luzerne County President Judge Michael T. Conahan was sentenced to 210 months — 17.5 years — in federal prison for his role in the Luzerne County judicial scandal.Second day of testimony set in terror trial
ATLANTA AP - The suspected cohort of a 23-year-old man charged with aiding terror groups is expected to take the witness stand for a second day.Syed Haris Ahmed, who was convicted in June on terror charges, was ordered by a judge to testify against Ehsanul Islam Sadequee.He told the jury Wednesday that he and Sadequee talked of targeting oil tanks and refineries to disrupt the nation's economy.Reliance on the Statute of Frauds Can Be Costly
International contracts for the sale of goods have become commonplace as advances in transportation and technology have created a truly global marketplace that continues to expand. Although businesspeople are now more comfortable with international sales contracts, they should be aware of business risks due to the presence of hidden dangers in such contracts.Trending Stories
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