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February 06, 2013 |

SEC Not Backing Down in Fight Against Chinese Auditors

The Securities and Exchange Commission turned up the pressure on auditors in China when it recently initiated enforcement proceedings against the Chinese affiliates of the Big Four accounting firms and BDO.
8 minute read
August 17, 2001 |

Revised $193 Million Rite Aid Class Action Pact Wins Final OK

The $193 million settlement of the class action shareholders' suit against Rite Aid Corp. won final court approval after lawyers tinkered with its terms and wording. In June, a federal judge in Philadelphia refused to approve the settlement after finding that its "bar order" was too broadly worded and would improperly limit the rights of several former top executives who were not included in the settlement.
4 minute read
September 24, 1999 |

Employment Arbitration: Courts Safeguard Employee Rights

The law governing arbitration of employment disputes has undergone a remarkable evolution. At the beginning of the 1990's, the Supreme Court in Gilmer v. Interstate/Johnson Lane Corp. endorsed mandatory arbitration to resolve age discrimination claims. Federal courts are now recognizing, however, that arbitration sometimes favors employers unfairly. Judges have started to issue rulings intended to ensure that arbitration is in fact the neutral forum originally contemplated by the Supreme Court.
12 minute read
China and SEC Reach Agreement on Deloitte Audit Docs
Publication Date: 2013-07-15
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For the first time, China's securities regulator has agreed to turn over audit documents related to an ongoing SEC investigation of a U.S.-listed Chinese company.

August 28, 2012 |

Leveling the Playing Field for ERISA Participants

William D. Frumkin, a partner at Sapir & Frumkin, and Elizabeth E. Hunter, an associate at the firm, analyze an important U.S. Supreme Court decision affecting Employee Retirement Income Security Act cases seeking benefits, cases seeking to challenge unlawful retaliatory discharges, and cases seeking to rectify breaches of fiduciary duty.
12 minute read
Litigators of the Week: John Donovan of Ropes & Gray and Paul Vizcarrondo of Wachtell, Lipton, Rosen & Katz
Publication Date: 2013-01-24
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More than a decade after the founders of speech recognition firm Dragon Systems sold their company in a $580 million "business deal from hell," Donovan and Vizcarrondo persuaded a federal jury that Goldman's advice on the deal didn't amount to negligence.

July 01, 2012 |

The Churn

Dewey & LeBoeuf's collapse led to a recruiting bonanza around the world. Here's where some of its European partners went.
5 minute read
January 01, 2008 |

LegalTech New York

In its 27th year, LTNY 2008 offers seminars, exhibits, networking & parties!
4 minute read
July 19, 2006 |

Tax Litigation Issues

John J. Tigue Jr. and Jeremy H. Temkin, principals in Morvillo, Abramowitz, Grand, Iason & Silberberg, write that major executives of public companies soon may find themselves in need of new accountants to handle their personal tax services. The SEC has recently adopted rules prohibiting auditors of public companies from performing personal tax services for certain executives, which will likely result in significant shuffling of the client lists of many accounting firms in the coming months.
11 minute read
December 08, 2005 |

Finding Out Where Banks Are 'Citizens'

The meaning of the word "located" was at the heart of a Supreme Court argument last week that could affect a wide range of consumer litigation against national banks. Three circuits -- the 5th, 7th and 9th -- have enhanced banks' ability to get federal court jurisdiction by holding that national banks are citizens only of the state in which they maintain their principal place of business. But the 4th Circuit has held that national banks are citizens of every state in which they maintain a branch.
9 minute read

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