0 results for 'The Wall Street Journal'
WorldCom Fraud's 'Architect' Receives 5-Year Prison Term
Scott Sullivan, the ex-chief financial officer of WorldCom who was described by a federal judge as the "architect" of the largest accounting fraud in U.S. history, was sentenced Thursday to five years in prison. Judge Barbara Jones gave Sullivan credit for his cooperation in unraveling the WorldCom fraud and also took into account his "extraordinary family circumstances." Sullivan's wife, who suffers from severe diabetes, has been hospitalized, and the couple has a 4-year-old daughter.Bristol-Myers CEO And GC Step Down As Probe Continues
Bristol-Myers Squibb's CEO Peter Dolan and General Counsel Richard Willard resigned yesterday, spurred by the recommendations of a federal monitor, after the company came perilously close to violating a deferred-prosecution agreement entered last year.Unified eDiscovery as a Replacement for Disparate Modules: Fact or Fiction?
More than the sum of its parts: Corporate counsel have to understand that unified eDiscovery can be a replacement for disparate modules. • ALSO SEE: Just Be SMART About It | Expert Archive • Get Out of It — Welcome to Dodge City, Old Chap • Oh, Excuuuuuse Me! Listening In, ARE We?SEC Attacked for 'Colossal Failure' Over Madoff
Inexperience. Incompetence. Laziness. All were cited as reasons behind the Securities and Exchange Commission's failure to detect Bernard Madoff's $50 billion Ponzi scheme at a packed hearing Thursday before the Senate Committee on Banking, Housing and Urban Affairs. SEC Inspector General H. David Kotz, who recently released a 477-page report detailing the agency's shortcomings, appeared before the committee to summarize his findings. "It seemed relatively easy to uncover this, and it wasn't done," Kotz said.View more book results for the query "The Wall Street Journal"
Dechert Boosting Salaries to Lure Best and Brightest Law Graduates
In the battle for top-drawer associates in New Jersey, the firm long known as Dechert, Price & Rhoads has raised starting pay and bonus in its Princeton office by $20,000 and has borrowed an idea from military recruiters: Join Dechert and see the world. Thanks to last month's merger with Britain's Titmuss Sainer, the firm is offering associates a chance to work in the London office.In California push, Mintz Levin acquires Reed IP Law Group
Boston-based Mintz, Levin, Cohn, Ferris, Glovsky and Popeo wants to make a big push into California, and it is getting started with the acquisition of the Palo Alto-based Reed Intellectual Property Law Group.Big-Firm Associates Hang Out Shingle
Christopher Parnagian and Robert O'Hare did not leave big firms because they had to. They left because they thought they could make a start-up firm a success. Six months later they have no regrets and much advice for associates who are willing to keep up the hard work but want to do so on their own terms.If you are not forced out and do not hate big firm culture and you are interested in starting your own firm, you cannot wait too long to leave," O'Hare said.How to kill the holiday party fun
With so many rules, and so little fun the Carriest wonders what happened to the raucous holiday party?Madoff's Brother Pleads Guilty, Faces 10-Year Sentence
An emotional Peter Madoff pleaded guilty on Friday to charges he doctored documents, but insisted he knew nothing about his brother's historic fraud. "My family was torn apart as a result of my brother's atrocious conduct," he said. "I was reviled by strangers as well as friends who assumed that I knew about the Ponzi scheme."Creating a Culture of Compliance
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