The appalling -- yet hardly surprising -- news that Robert Khuzami, the former enforcement director at the Securities and Exchange Commission, has cashed in his four-year stint for a $5 million-plus salary at Kirkland & Ellis, a prominent Wall Street law firm, is the latest example of the corrupt relationship between money and power in the U.S.
Baker & McKenzie LLP will merge with United Arab Emirates 40-lawyer law firm Habib Al Mulla on July 1, to create Baker & McKenzie Habib Al Mulla. The firm will advise clients on local and international law in its Dubai offices and, with regulatory approval, in Abu Dhabi.
Caterpillar Inc., the largest construction and mining-equipment maker, plans to close a Canadian locomotive plant that employs about 800 people after failing to reach an agreement with locked-out union members.
Gary Lynch , the former Securities and Exchange Commission enforcement head who later helped Morgan Stanley and Credit Suisse AG tackle legal disputes, is looking to repeat his success at the biggest U.S. bank.
Bank of America Corp. hired Gary Lynch , formerly a U.S. Securities and Exchange Commission enforcement director and Morgan Stanley’s legal chief, as it seeks to resolve disputes with regulators over soured mortgages.
Anshu Jain and Juergen Fitschen, who take over as co-chief executive officers of Deutsche Bank AG at the end of May, reorganized the company’s management as they began to put their mark on Germany’s largest bank.