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Tough-as-Nails Prosecutor White to Tackle SEC Policy Battles

In nominating former U.S. Attorney Mary Jo White to run the U.S. Securities and Exchange Commission, President Barack Obama said he was sending a signal that the regulator would be tough on Wall Street.
BP Bankruptcy Would Be No Protection From Gulf Spill Costs

BP Plc , whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, restructuring experts said.
BP, Kerviel, Madoff, Transocean, J&J in Court News

BP Plc , whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, Bloomberg News’ Margaret Cronin Fisk and Linda Sandler reported after speaking with restructuring experts.
Carlyle Seeks to Ban Shareholder Lawsuits Before Public Offering

Carlyle Group LP, the Washington- based buyout company that’s preparing to go public, is seeking to bar its future shareholders from filing individual and class- action lawsuits.
WilmerHale, Covington, Proskauer, Dechert: Business of Law

Wilmer Cutler Pickering Hale & Dorr LLP was retained by Best Buy Co.’s board to investigate former Chief Executive Officer Brian Dunn’s personal conduct.
Regulators Close to Gaining New Funding for Dodd-Frank Efforts

U.S. financial regulators, working to secure funding needed to implement new responsibilities mandated by the Dodd-Frank Act, are in line to be among the few agencies to benefit from the year’s final congressional spending measure.
London’s City Buys BP While Wall Street Flees Risk

BP Plc, the worst oil investment this year on Wall Street, is finding its backers in the City of London.