David Myers was at the epicenter of one of the biggest corporate frauds in U.S. history. Now the former WorldCom Inc. controller is rebuilding his life a decade later with the help of the federal government.
William “Billy” Walters, the Las Vegas gambler who U.S. authorities are said to be investigating in connection with possible insider trading in 2011 and 2012, was at the time facing a multimillion-dollar debt to the government over a soured golf-course deal, according to court records.
APCO Worldwide, the public relations firm that advised Hewlett-Packard Co. ’s board after accusations of harassment against its chief executive officer, has handled crises from Merck & Co. ’s Vioxx scandal to WorldCom Inc.’s fraud and now is helping Wall Street earn back America’s trust.
The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.
Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a “blatant” $200 million fraud that spurred the largest law firm bankruptcy in history.
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.
Surging market volatility on Europe’s debt troubles rivals past crises, including the collapse of Russian markets and Long-Term Capital Management LP in 1998, the Sept. 11, 2001 terrorist attacks and the bankruptcy of WorldCom Inc. in 2002.