Investors Sue Insurance Company That Vouched for Stanford Ponzi Scam
Investors looking for deep pockets to make them whole are suing a U.K.-based insurance company that provided convicted Ponzi scammer R. Allen Stanford with written endorsements. The 29 plaintiffs, who...
View ArticleFive Convicted for Costa Concordia Shipwreck
Five employees of an Italian cruise company have been convicted of manslaughter in the Costa Concordia shipwreck that killed 32 people, receiving sentences of less than three years that lawyers for...
View ArticleEx-IMF Chief Strauss-Kahn to Be Tried in France
Former International Monetary Fund chief Dominique Strauss-Kahn will have to defend himself in a French court on charges of aggravated pimping despite recommendations by prosecutors that the charges be...
View ArticleIMF Worries Argentina Case Will Hamper Debt Relief
A years-long court battle in New York could have major implications for the world's financial system as investors seek to recover unpaid debts from Argentina's massive 2001 default.
View ArticleLiechtenstein Bank to Pay Millions Under Nonprosecution Agreement
Liechtensteinische Landesbank AG, which was investigated for helping U.S. taxpayers evade taxes by maintaining secret accounts, has agreed to pay more than $23.8 million under a nonprosecution...
View ArticleDespite Alleged Custody Breach, Hungarian Girl May Stay in U.S.
A 14-year-old Hungarian girl whose father petitioned for her return to Hungary after she was brought to the United States two years ago by her mother can stay in the U.S. even though she and her mother...
View ArticleJacoby & Meyers Expands Into Europe
Jacoby & Meyers, which is pushing for nonlawyer ownership of law firms in the United States, has established an affiliated firm in London with plans to expand into Europe. It will be the first...
View Article11th Circuit Judge to Join Iran-U.S. Tribunal
Judge Rosemary Barkett will step down in September from the Eleventh Circuit bench after 20 years to join the Iran-U.S. Claims Tribunal at The Hague in the Netherlands. The international arbitral...
View ArticleU.S., Russia Continue Talks Over Return of Jewish Texts
The U.S. State Department is continuing to discuss with Russia the country's return of thousands of Jewish texts seized in the early 20th century, a lawyer fighting to retrieve the books and...
View ArticleEU Unveils Plan to Clamp Down on Shadow Banking
The European Union is pushing for a more stable financial system by clamping down on "shadow banking" -- the high-finance sector that handles trillions of dollars but isn't bound by the same rules as...
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