Cravath Swaine & Moore LLP announced year-end bonuses for associates, ranging from $10,000 for the newest associates to $60,000 for the most senior, according to a memo the firm gave its lawyers that was obtained by Bloomberg News.
Christine Varney , head of the Department of Justice’s antitrust division, said Congress “may well want” to look at the overlapping responsibilities of the DOJ and the Federal Trade Commission to meet a call by business to make merger reviews more consistent and predictable.
Highland Capital Management LP, the debt manager with about $22 billion in assets under management, and JPMorgan Chase & Co . were sued by a Houston pension plan over claims that willful looting led to the demise of the Highland Crusader Fund.
JPMorgan Chase & Co., Bank of America Corp. and three other U.S. mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed on the matter.
Bank of America Corp.’s agreement to pay $137 million in restitution for taking part in a nationwide bid-rigging conspiracy for municipal-investment contracts may soon be followed by more settlements to repay the scheme’s victims, the Justice Department’s Antitrust Division head said.
Carl Shapiro, one of the first clients of Bernard Madoff’s investment firm, and 19 members of his family agreed to forfeit $625 million in profits from the con man’s fraud, settling potential lawsuits against them.
The U.S. Justice Department sued H&R Block Inc. to stop its proposed purchase of the owner of TaxAct products, saying the companies’ merger would stifle competition and raise prices in the growing market for consumer tax- preparation software.