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Judge Says Visa, MasterCard Hid Fees to Consumers
Visa and MasterCard made hundreds of millions of dollars by misleading consumers and charging them a hidden currency conversion fee every time they used their cards overseas, an Alameda County, Calif., court ruled Tuesday. The decision, requiring Visa and MasterCard to disclose the fee and provide full restitution to consumers, could put the companies on the hook for more than $800 million, according to attorneys who brought the case.Large Calif. Firms Contemplate Raising Salaries Again
Earlier this year, rumors were swirling that some New York firms would raise first-year salaries to $200,000. But with deal activity slowing down, associates at California's largest firms may have to hold tight at $160,000. The Recorder's annual salary survey reveals most firms have adopted a lockstep scale for base compensation, but are showing some creativity when it comes to bonus structures. "That is what the big debate has been -- what is the best bonus system?" said O'Melveny's Luann Simmons.Pillsbury Winthrop Accused of Another Conflict of Interest
Pillsbury Winthrop Shaw Pittman was tossed from client SonicBlue's bankruptcy case for not disclosing a conflict of interest. Now lawyers for a creditor claim the firm failed to disclose yet another conflict.Proxy Access' Effect on Management
Sheppard, Mullin attorneys lay out what corporate board members need to know before the new SEC regulations take effect.State AI Legislation Is on the Move in 2024
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