Law News

Nov. 5 -- Thomas Newkirk, a partner at Jenner & Block LLP, talks with Bloomberg's Carol Massar, Adam Johnson, Scarlet Fu and Jon Erlichman about the Federal Bureau of Investigation's arrest of 14 people, including a former employee at the office of the Galleon Group hedge fund firm, as part of an investigation of an alleged $20 million ...

U.S. prosecutors charged 14 people, including hedge fund managers, lawyers and an ex-Galleon Group employee, for using the methods of a oedrug dealersa and a oecommon criminalsa to profit on insider data from deals involving firms such as 3Com Corp.

Judge Paul Friedman of the U.S. District Court for the District of Columbia says he's "radicalized" when it comes to prosecution disclosure obligations.

Nov. 6 -- Frank Aquila, a partner at Sullivan & Cromwell LLP, talks with Bloomberg's Lori Rothman about the outlook for mergers and acquisitions.

Preet Bharara, the United States Attorney for the Southern District of New York, has announced charges against 14 additional Wall Street professionals and attorneys arising out of their ongoing investigation of insider trading at hedge funds and stock trading firms.

Arthur Cutillo of Ridgewood, an attorney at the law firm Ropes & Gray, was among 14 people charged Thursday, Nov.

Stan Grmovsek, a former Canadian stock trader, will be sentenced to 39 months for illegally using inside information on pending mergers and acquisitions, a judge said.

Nov. 5 -- John Fahy, partner at Fahy Choi LLC, and Thomas Newkirk, a partner at Jenner & Block LLP, talk with Bloomberg's Mark Crumpton about federal charges against 14 people, including hedge fund managers and an ex-employee of Galleon Group, as part of a probe of an alleged insider trading scheme totaling $40 million.

The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.

Manhattan U.S. Attorney Charges 14 Defendants with More Than $20 Million in Insider Trading Charged Defendants Include Hedge Fund Managers, Trading Firm Executives, Lawyers, and Corporate Insiders; Five Already Have Pleaded Guilty To Insider Trading Charges PREET BHARARA, the United States Attorney for the Southern District of New York, and JOSEPH ...

Nine more people have been arrested in the Galleon Group insider-trading scandal, bringing to 15 the number charged in the biggest hedge fund-related case in history.

Nov. 5 -- H. Rodgin Cohen, chairman of Sullivan & Cromwell LLP, talks with Bloomberg's Deirdre Bolton and Erik Schatzker about the outlook for merger and acquisition activity, the outlook for the U.S. economy and the banking industry.

The chair of the real estate group at Troutman Sanders has been accused of participating in a scheme to accept $50 million in kickbacks from a pharmaceutical vendor serving a nursing home company in which he was a principal.

An Alameda County jury handed Keker & Van Nest and semiconductor giant TSMC a clear victory in a hard-fought trade secrets trial on Tuesday morning.

Gov. Bobby Jindal's administration has brought in the Washington lobbying firm of Patton Boggs to help try to convince Congress to give Louisiana a break from a costly change in the Medicaid match rate.

Berkshire Hathaway Inc. , the holding company that agreed to buy Burlington Northern Santa Fe Corp.

Bondholders of FairPoint Communications Inc. say they were jilted in the talks that led to the company's bankruptcy deal with banks, and they argue that the court should appoint an examiner to investigate matters.

CIT Group Inc., the bankrupt 101-year-old commercial lender, sought a judge's permission to borrow another $500 million and block some lenders' demands as it acknowledged challenges to a quick reorganization.