By Tom McParland | May 14, 2019
According to the letter, Goldman made more than $580 million for advising the company at the heart of the scandal over the course of 12 months, a rate that was 200 times the typical fee for such transactions. Now the company expects to spend $1.9 billion more than it had initially reserved to defend legal matters related to the scandal, according to the 27-page correspondence.
By Tom McParland | February 27, 2019
U.S. Judge Richard G. Andrews of the District of Delaware on Wednesday granted bail pending appeal to the executives, who were convicted last year on charges related to a massive reporting scandal that hid hundreds of millions of dollars in bad loans from investors and federal regulators.
By Tom McParland | December 19, 2018
Both men were convicted in May, along with former Wilmington Trust president Robert V.A. Harra and David Gibson, who served as the bank's chief financial officer, of multiple crimes stemming from the bank's collapse in 2011.
By Tom McParland | November 19, 2018
Under the settlement, Wilmington Trust will pay $200 million, and auditing firm KPMG will pay $10 million.
By Raychel Lean | October 23, 2018
"Winners understand that this was complete luck, that this could have been anybody and the odds of them winning are so ridiculous that they can't believe it was them. They want to do the right thing by their friends and family, but what friends and family don't realize is that they're just one friend and one family member. There may be 50 others," said lottery lawyer Jason Kurland of Rivkin Radler in New York.
The American Lawyer | Analysis|News
By Dan Packel | September 17, 2018
International firms are finding themselves cut off from key Russian clients, and they're coping with increasing homegrown competition. But some are equipped to ride out the storm.
By Dan Clark | September 7, 2018
Beginning in 2021, Barclays will ditch RFPs and adopt a more flexible approach to outside counsel management.
By Tom McParland | August 31, 2018
U.S. District Judge Richard G. Andrews of the District of Delaware denied post-trial motions for acquittal and a new trial for David R. Gibson, Robert V.A. Harra, William B. North and Kevyn N. Rakowski—convicted in May on 15 counts of fraud and conspiracy.
The American Lawyer | Analysis
By Christine Simmons and Gina Passarella | August 19, 2018
The once-impenetrable facade of some of the country's sturdiest law firms is showing signs of wear in the face of shifting financial markets. Now they are forced to confront a once-foreign concept: competition.
By Erin Mulvaney | August 15, 2018
Administrative law judges and federal appeals judges are now grappling with the scope of the Supreme Court's ruling in 'Lucia,' which confronted the lawfulness of the appointment of federal in-house judges.
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