Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a “blatant” $200 million fraud that spurred the largest law firm bankruptcy in history.
Secusmart GmbH has sold thousands of secure smartphones used by top government officials such as Germany’s Angela Merkel. As privacy concerns grow, Secusmart is predicting that regular citizens will also become big buyers of its 2,000-euro ($2,770) devices.
Three former top executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a “cook the books” fraud scheme that led to the largest law firm bankruptcy in history.
The takeover battle for Vivendi SA’s SFR unit, the biggest contested bid in Europe since Royal Bank of Scotland Group Plc captured ABN Amro Holding NV in 2007, is a boon to loan bankers starved of deals for the past six years.
The former chairman and four others at Dewey & LeBoeuf LLP, which collapsed in the biggest-ever law firm bankruptcy, were sued by the U.S. Securities and Exchange Commission over claims they led a “bold and long-running accounting fraud.”
Rolls-Royce Holdings Plc, Europe’s largest maker of commercial jet engines, said the U.S. Department of Justice has joined U.K. fraud prosecutors in an investigation into bribery and corruption at the company.