At least 11 lawyers announced departures from New York law firm Dewey & LeBoeuf LLP yesterday, pushing the total to more than 80 in recent months, as the firm continues to work toward an agreement with banks about the deadline for a line of credit.
Senator Rand Paul is blocking an amendment to a U.S.-Swiss tax treaty, slowing Switzerland’s handover of data on thousands of Americans with bank accounts hidden from the U.S. Internal Revenue Service.
Lorin Reisner, the U.S. Securities and Exchange Commission’s deputy head of enforcement, is leaving the agency to take a job as a top federal prosecutor in New York, two people with knowledge of the matter said.
Lorin Reisner, the deputy director for enforcement at the U.S. Securities and Exchange Commission and a former federal prosecutor, will participate in the agency’s securities fraud lawsuit against Goldman Sachs Group Inc., according to papers filed in Manhattan federal court.
Lawyers for Goldman Sachs Group Inc. will face Lorin Reisner, the deputy director of enforcement for the Securities and Exchange Commission , in the agency’s lawsuit over the bank’s use of subprime mortgage-backed securities.
Citigroup Inc., whose $285 million settlement with U.S. regulators over a collapsed collateralized debt obligation was faulted by a federal judge as too lenient, may have to pay more money to avoid admitting it did anything wrong, said lawyers following the case.
BP Plc may saddle potential buyers of its assets with lawsuits as Europe’s second-biggest oil company tries to raise money to pay claims that may reach $100 billion from the Gulf of Mexico spill, Bloomberg News’s Linda Sandler reports.
Merrill Lynch & Co., the brokerage unit of Bank of America Corp. , won a U.S. judge’s ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination lawsuit.
Samuel Wyly and Charles Wyly, the Texan brothers and entrepreneurs who funded ads helping George W. Bush’s presidential campaigns, were sued by U.S. regulators who accused them of misleading investors while selling hundreds of millions of dollars in stock.
Goldman Sachs Group Inc. executive director Fabrice Tourre had “very preliminary” talks with the U.S. Securities and Exchange Commission to settle the agency’s civil fraud claims against him, an SEC lawyer said.