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Bad year or good, AIG employees got big bonuses
NEW YORK AP - A Wall Street firm loses billions of dollars, nearly destroying its business and crippling the nation's economy. But top executives still receive huge bonusesAs crazy as that sounds to most Americans, paying such bonuses even after a company suffers big losses is common practice on Wall Street, and it's at the heart of the outrage surrounding insurer AIG.Final Enron Report Criticizes V&E and Andrews & Kurth
Nearly two years after Enron Corp. filed a Chapter 11 in the wake of a massive drop in its stock price, a bankruptcy examiner's fourth and final report concludes that outside lawyers at Vinson & Elkins and Andrews & Kurth may have been negligent or may have aided and abetted Enron officers in breaching their fiduciary duties to the battered company.Shied v. United Cerebral Palsy of New York City
'Sanozky' Prongs Met Hybrid §301 Lawsuit Denied Dismissal for Failure to State ClaimWho Knew Law Students Were Scamming the Government All Along?
A new report from the New America Foundation criticizes upcoming modifications to the Department of Education's Income-Based Repayment program, but its recommendations for preventing high-income debtors from gaining windfalls ignore the costs to underemployed debtors.View more book results for the query "*"
Pharmaceutical Companies to Pay $1.2B in Medicare Fraud
A Pennsylvania whistleblower's allegations of corrupt sales practices in the pharmaceuticals industry have resulted in more than $1.2 billion in settlements with Uncle Sam -- and rewards of more than $110 million to the whistleblower. AstraZeneca Inc. announced Friday that it had agreed to pay nearly $280 million in civil penalties and an additional criminal fine of more than $63 million to resolve allegations of Medicare fraud.Proposed rule would unseal some grand jury records
For months, the U.S. Justice Department vigorously opposed the unsealing of former president Richard Nixon's 1975 testimony in the Watergate investigation, saying that disclosure would undermine the secrecy of grand jury proceedings.DOJ lawyers argued judges don't have the authority to craft exceptions to the federal criminal procedure rule that governs grand juries.Trending Stories
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