Free With Registration: Corporate Crime

Supreme Court To Review 'Honest Services'

Thursday, July 2, 2009

By Audrey Strauss

Audrey Strauss, a member of Fried, Frank, Harris, Shriver & Jacobson, writes that the Supreme Court's decision next term in the Black case will be one of the most significant white-collar crime rulings in recent memory, given that the lower federal courts have struggled with the meaning of "the intangible right of honest services" since §1346 was enacted in 1988.

Proposal Could Spur More State Rules, Curb Arbitration, Defense Lawyers Fear

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Thursday, July 2, 2009

By Marisa McQuilken

President Barack Obama's sweeping plan to reform the financial regulatory system would create a new consumer protection agency, toughen regulations, and close loopholes blamed for contributing to the financial crisis. It could also open the floodgates for more litigation against banks and other financial institutions, say lawyers who represent the industry.

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Lawyers on Major Transactions

Thursday, July 2, 2009

By Jeff Storey

In a rare public-private merger of equals, Towers, Perrin, Foster & Crosby struck a deal to join forces with rival Watson Wyatt Worldwide to create what is believed to be the largest employee benefits company in the world, according to news reports. The companies valued the all-stock transaction at $3.5 billion, based on the valuation of both entities. Also, Nortel, the bankrupt Canadian phone-equipment maker that once had a market valuation of $250 billion has agreed to sell its most lucrative asset to Nokia Siemens for $650 million by the third quarter of this year.