The U.S. solicitor general has filed an amicus brief opposing expanded liability in a case that could determine the extent of exposure for lawyers and other professionals who help companies…
Akin Gump Strauss Hauer & Feld is facing a $4.4 billion lawsuit filed by two former hedge fund managers who claim the law firm provided bad legal advice that cost…
The Securities and Exchange Commission is expected to file civil charges against a Silicon Valley lawyer for alleged schemes to backdate stock options at two companies.
A U.S. millionaire wanted in connection with an alleged stock option backdating scheme has secured another delay in his extradition hearing in Namibia.
Jacob “Kobi” Alexander, founder of Comverse Technology…
A lawsuit accusing Mayer, Brown, Rowe & Maw of aiding the collapse of commodities brokerage firm Refco could turn on a pending U.S. Supreme Court case.
Updated: In a result seen as a major victory for federal prosecutors, a jury in San Francisco today convicted the former CEO of Brocade Communications Systems Inc. of securities fraud…
A former Wall Street analyst who happened upon a strategy to make money from banks’ initial public offerings has been sentenced to two years in prison for using other people…
Depending on where you are in the world, it might be thought of as payola. Or baksheesh. Or a backhander, among other terms. But for American companies, a bribe by…
Milberg Weiss Bershad & Schulman is facing a lawsuit over allegations it paid kickbacks to plaintiffs to help it secure lead counsel status in securities class actions.
A federal judge has dismissed a securities class action against Mercury Interactive, but legal troubles are not over for the company and some of its former executives.