Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
Britain’s new banking regulator has rattled lenders by holding off disclosing how much capital each firm will have to raise after ordering the industry to plug a 25 billion-pound ($38 billion) shortfall by the end of the year, three people with knowledge of the discussions said.
Shearman & Sterling LLP is closing its Dusseldorf and Munich offices, leaving the firm with one German office, in Frankfurt. The firm’s German corporate/mergers and acquisitions, finance/tax and disputes/arbitration work will be consolidated in Frankfurt, the firm said in a statement.
The Kentucky Supreme Court upheld the disbarment of famed class action lawyer Stanley Chesley, a partner at Waite Schneider Bayless & Chesley Co. in Cincinnati, for “unreasonable” fees received in the settlement of a class action. Under Ohio Rules of Professional Responsibility, the disbarment may provide grounds for disbarment in Ohio as well.
Google Inc.’s offer to settle an antitrust probe with the European Union by labeling its own services more clearly in Web search results is a “non-starter” for a group of competitors such as Microsoft Corp. and Foundem.
Jane Ong thought she had a good case to sue her accountants in Singapore over asset valuations during a two-decade divorce fight. Short of money, she persuaded a litigation funder -- an investor that pays for a lawsuit in return for a share of the proceeds -- to help.
Federal securities class-action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared with 191 cases in 2011, with a significant drop in the fourth quarter of 2012.
Federal securities class action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared to 191 cases in 2011, with a significant drop in the fourth quarter of 2012.