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Getty Voluntarily Adds Second Layer of Compliance Scrutiny
With a $6 billion endowment, the J. Paul Getty Trust can afford an excess of caution. Last fall the California attorney general's office appointed a monitor for the Getty, which was under investigation for failing to prevent alleged wrongdoing by its former president and trustees. In February the trust voluntarily subjected itself to another layer of scrutiny by tapping Deloitte Financial Advisory Services to conduct an ongoing compliance review. It's an unusual but smart step, say observers.$125 million shareholder settlement in New Century Financial collapse
A federal judge on Monday granted preliminary approval to a $125 million cash settlement for shareholders of bankrupt New Century Financial Corp., one of the largest lenders to collapse during the subprime mortgage meltdown.NY Partner Congratulated on Firm's Remarkably Low $14.4 Million Fee
A federal judge in California on Monday approved more than $14.4 million in attorney fees for Bernstein Litowitz Berger & Grossman as lead plaintiffs' counsel in a $125 million shareholder settlement involving bankrupt New Century Financial Corp., one of the largest lenders to collapse during the subprime mortgage meltdown.Lawyers' Fund for Client Protection List of Ineligible Attorneys
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