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John Thain answered questions for six hours last week, but Andrew Cuomo still hasn't gotten what he wants from the former Merrill chief. The problem, says Thain's lawyer, is that Merrill's new owner won't let Thain spill the beans on bonuses.
CDC offers $105 mln to acquire Chordiant
ATLANTA AP - CDC Software Corp., a Chinese business software developer, said Wednesday it offered to buy all the outstanding shares of Chordiant Software Inc. for $105.1 million.The offer of $3.46 per share represents a 21 percent premium over the average closing price of the shares over the 30 trading days up to and including Tuesday, CDC said.View more book results for the query "*"
Turbulence Seen in SEC's Crackdown
Defense attorneys say they've thought for some time that the SEC has been overzealous in pursuing high-ranking executives suspected of white-collar crime. But they had little to back their hunch until a former technology executive was found innocent last week of securities fraud. A federal jury in San Jose took just five hours to acquit former Legato Systems Inc. Executive Vice President David Malmstedt of six fraud charges.Court Erred in Dismissing Suit For Lack of Plaintiff's Counsel
Dismissal with prejudice is too harsh a sanction for a plaintiff who loses his first lawyer and doesn't find a new one by a court-imposed deadline, a New Jersey appeals panel rules.Prison guard sentenced to 30 months for smuggling
BRUNSWICK, Ga. AP - A former correctional officer at the Federal Correctional Institution in Jesup has been sentenced to 30 months in prison for taking bribes to smuggle marijuana, a cell phone, cigarettes and other contraband to inmates at the prison.Thomas C. McCoy of Baxley apologized but gave no excuse for his crime when Senior U.Cited Over Abortion Data, N.Y. Hospital Appeals
The New York-Presbyterian Hospital has asked the 2nd U.S. Circuit Court of Appeals to stay a judge's order directing it to turn over the medical records of scores of women who have had abortions.Slippery Rock Area School District v. Unemployment Board of Compensation
A long-term substitute returning for a second academic year as a day-to-day substitute was eligible for unemployment benefits in the intervening summer vacation period. The Supreme Court reversed the Commonwealth Court.Trending Stories
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