Former Washington Mutual Inc. Chief Executive Officer Kerry Killinger and two other bank officials are in settlement talks with the Office of the Comptroller of the Currency, the last chapter in the government’s probe of the largest U.S. bank failure.
Tesla Motors Inc. shareholders have had much to fret about lately, from a nosebleed valuation and sagging stock price to periodic YouTube videos of exploding Tesla electric cars. Here’s another one for the list: Sometimes Tesla acts like it doesn’t know what it’s doing when it comes to financial reporting.
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that had eluded detection for 17 years.
Salesforce.com Inc., the largest maker of customer-management software, agreed to buy ExactTarget Inc. for about $2.5 billion, making its biggest acquisition ever to expand in online marketing. Wilson Sonsini Goodrich & Rosati PC and Gibson, Dunn & Crutcher LLP worked on the deal.
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.