0 results for 'AIG'
Feds must know difference between poor decisions and fraud
Although the federal government should be lauded for seeking to bring to justice those who knowingly defrauded investors and caused billions of dollars in financial damages, the government must be careful to avoid prosecuting fraud by hindsight.Sullivan & Cromwell Scores Roles on Two Wealth Management Deals
S&C, Clifford Chance, and Willkie Farr & Gallagher are advising on a pair of deals involving wealth management divisions: Credit Suisse's acquisition of Morgan Stanley's European private bank and Genworth Financial's $412.5 million sale of its wealth management arm to private equity firms Aquiline Capital and Genstar Capital.Attorney-Client Privilege: Is There a Fiduciary Exception?
Every lawyer is familiar with the attorney-client privilege. Most, however, have perhaps never encountered what is often referred to as the "fiduciary exception" to that privilege.The 2009 Bankruptcy Rule Amendments: A Brief Summary
This article briefly summarizes the most noteworthy amendments made to the bankruptcy rules in 2009.Third DCA decides two unrelated wrongful death cases
The court revived one wrongful death case but rejected another one in unrelated cases of men killed by trucks.A Boston firm thinks smaller, then scores big
Boston-based Peabody & Arnold survived a 2002 reorganization that slashed its headcount by two-thirds and emerged as a firm with a laser-sharp focus on defense work for a variety of clients. "Before the reorganization we struggled with issues of lawyer over-capacity," said managing partner Michael Duffy. "Now the amount of lawyers fits the amount of work so everyone is fully occupied."Corel agrees to settle class action for $7 million
Philadelphia-Corel Corp., the Canadian software company whose products include WordPerfect, has agreed to pay $7 million to settle a shareholders' class action that alleged that the company's stock price plunged in late 1999 and early 2000 when investors learned the truth about its financial health.Wachtell, Gibson Dunn Advise as Alleghany Wins Fight to Acquire Transatlantic
Fed needs to be amended, not ended
The 112th Congress is shaping up to be quite prickly for the Federal Reserve, and for good reason. The time has come to amend, but not end, the Fed. "End the Fed," is the stated objective and title of a book by Congressman Ron Paul, the new chairman of the House subcommittee with jurisdiction over the central bank.Trending Stories
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