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Former In-House Banking Lawyer Found Guilty of $12 Million Fraud
Legal Week
The former deputy head of legal at Bank of Tokyo-Mitsubishi has been found guilty of a multimillion-dollar fraud, a U.K. court ruled Tuesday. Former in-house lawyer Kate Johns faces jail for her crimes, with a sentence to be handed down in December.
The Boss Is Busted ... but the GC Is Off the Hook in McKesson HBOC Fraud Trial
The Recorder
Jurors in the accounting fraud case likened Marcus Topel, who represented ex-general counsel Jay Lapine, to a country lawyer. They didn't like the team led by Theodore Wells: Too 'New York acting.'
Massive Buy Back: Wells Fargo to Pay $1.4B in Auction-Rate Settlement
The Recorder
Wells Fargo will buy back about $700 million in troubled auction-rate securities from California investors under a settlement announced by the state's AG on Wednesday. In a separate deal, the bank will repurchase nonliquid auction-rate securities totaling some $700 million from non-California residents.
Michael Clayton-Style Plotline Rolls On for Ex-Toyota Attorney
The National Law Journal
A federal judge has ruled that claims by the automaker's former in-house lawyer Dimitrios Biller that the company hid evidence in litigation involving rollover crashes will be heard by an arbitrator.
Key Ruling in BofA Securities Class Action Gives Plaintiffs Access to Treasure Trove of Documents
The American Lawyer
A federal judge has taken the unusual step of lifting a statutory discovery stay in a securities class action against Bank of America. His order gives plaintiffs access to the mountains of documents that BofA has given to other entities scrutinizing its acquisition of Merrill Lynch.
We're Bankrupt, and Nearly Everyone Is Off the Hook—Not So Fast ...
The National Law Journal
U.S. trustee in LandAmerica Financial Group Inc.'s Chapter 11 bankruptcy proceeding objects to the company's reorganization plan because it releases nearly everyone involved, including lawyers, from liability for negligent actions.
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From The Web
Goldman Holders Miffed at Bonuses
The Wall Street Journal
Cadbury's Carr Rehearsed Kraft Resistance by Thwarting Goldman in Pub Bid
Bloomberg
Car Czar Says GM IPO Could Happen in 2010
The Deal
Microsoft Lawyer Skids and Squeals Tesla for Xbox Sound Team
seattletimes.com
Justice Dept. Recovers $2.4B in False Claims Cases in '09; More Than $24B Since '86
justice.gov
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The Google-Books Settlement: A Lawsuit Ripe for ... Congress?
The Recorder
Google Inc. revised its controversial books settlement late Friday night and revived the debate over who should decide the fate of orphan works: Google or the government.
Fists Fly as Satellite TV Takes Aim at Cable Rivals, Subscriber Taxes
The National Law Journal
Top constitutional scholars including former U.S. Solicitor General Kenneth Starr intervene in legal fight over whether satellite customers can be taxed while cable consumers go tax-free or are taxed at lower levels.
Total Disclosure: Fired Ex-Bank of America GC Tells His Story
Corporate Counsel
After months of silence on the bank's controversial merger with Merrill Lynch, former general counsel Tim Mayopoulos tells Congress what legal advice the bank received—and says he still has no idea why he was fired.
It's Veri-fied: Judge Rejects Challenge to SEC Settlement With VeriFone
The American Lawyer
That's right, it's been secured. The Securities and Exchange Commission's anemic settlement with secure electronic payment tech maker VeriFone Holdings is not going to be Bank of America II.
