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Van Sicklen was drastically outnumbered in the courtroom when he argued for confirmation of the Wisconsin insurance commissioner's plan to segregate $60 billion in Ambac insurance policies in an account that will pay policyholders only 25 cents on the dollar in cash. But sometimes, smaller is better.
Securities Litigation and Enforcement
I n the wake of recent events, legislators, regulators and prosecutors are busy formulating new remedies to address past ills and prescriptions to deter misconduct in corporate executive suites and in the nation`s securities markets. There are calls for and against legislation, debates as to the reasonable limits of corporate criminal prosecution and a clamor for reform. Where all this will lead remains to be seen, but one thing is clear: the Securities and Exchange Commission, on its own initiative, and atCommercial Owner, Tenant and Others Settle Injured Workman's Suit for $2M
Large verdicts and settlements in New Jersey.Plaintiffs in a securities class action against NutriSystem got little sustenance this week after failing to convince a federal district court judge that the weight loss company intentionally misled investors.
When DuPont spun off the company that makes Lycra clothing and Stainmaster carpets, it saddled Invista with plants that featured 680 health and safety violations. Invista has agreed to clean up the troubled plants. But it's suing DuPont in federal district court to recover damages.
The company has already advanced roughly $170 million for the legal fees of executives sued over backdating. A reported new trial for former CEO Gregory Reyes will push that figure higher.
Booming Private Equity Field Leads to Dream Jobs
Private equity firms, awash in cash and business, have been rushing to hire in-house lawyers.Trending Stories
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