Although law firm revenues increased slightly in the first half of 2012, the growth in expenses outpaced the revenue increase during the same period. That’s the takeaway of the recent quarterly survey of the law firm group of the Citi Private Bank of Citigroup Inc.
News Corp. and the former private investigator who hacked phones for the News of the World tabloid were sued in Britain by a criminal-defense lawyer who newspapers said in 2007 had an affair with the country’s chief prosecutor.
The ex-News Corp. private detective who was jailed in 2007 for intercepting mobile-phone voice mails won permission to appeal to the U.K. Supreme Court in a dispute over giving incriminating evidence in civil cases against him.
UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives globally, three people with knowledge of the inquiry said.
The former News Corp. private detective at the center of the phone-hacking scandal lost a U.K. Supreme Court ruling over his bid to withhold evidence in civil lawsuits that might incriminate him in a criminal case.
Rupert Murdoch’s News Corp. is required to pay the legal fees of Glenn Mulcaire, the British private detective at the center of the phone-hacking scandal at its now-defunct News of the World tabloid, a U.K. judge ruled.
The liquidator of Bernard L. Madoff’s firm sued Lion Global Investors Ltd. and at least six other companies to recover at least $172.8 million they allegedly received from investments made with the con man by Fairfield Sentry Ltd.
Glenn Mulcaire, the British private detective who hacked celebrities’ voice mails for the News of the World tabloid, was required to reveal by today for the first time the names of the News Corp. employees who directed him.