Search Results for: EU Court
Cities Compete to Be the Arena for Global Legal Disputes
September 12th, 2014
The 48-mile Panama Canal expansion is an engineering marvel that promises to speed up international commerce and may be a boon for global ports. It is also one that involves lots of disputes over cost overruns and construction delays, ...
Mexican companies sue Yahoo, law firm charge conspiracy to avoid $2.7 billion judgment
September 12th, 2014
Two Mexican companies have sued Yahoo! Inc (YHOO.O) and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexico court in 2012. In ...
Argentina’s Congress passes debt restructuring law
September 11th, 2014
Argentina’s Congress gave final approval on Thursday to a law proposing to restructure the country’s debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable ...
PwC to face U.S. lawsuit over Colonial Bank collapse
September 11th, 2014
Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled. Filed ...
Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement
September 9th, 2014
Morgan Stanley (MS.N) has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers ...
Ex-SAC Capital trader gets 9-year sentence
September 9th, 2014
Former SAC Capital portfolio manager Mathew Martoma was sentenced to a nine-year prison term Monday for his role in what federal prosecutors called the most profitable insider-trading scheme in U.S. history. Martoma, a former financial lieutenant to billionaire hedge ...
Ex-U.S. Envoy Khalilzad Money-Laundering Probe Leads to Austria
September 8th, 2014
A U.S. probe into alleged money laundering by Zalmay Khalilzad has led Austrian authorities to freeze a Vienna bank account linked to the former presidential envoy to Afghanistan. Khalilzad, who served as U.S. ambassador to Afghanistan and Iraq, allegedly ...
Argentina says ‘many creditors’ want to swap into local law debt
September 5th, 2014
Many investors are interested in swapping global Argentine bonds for paper governed by local law, cabinet chief Jorge Capitanich said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court ...
Martoma’s insider-trading conviction upheld
September 5th, 2014
The insider trading conviction of former SAC Capital portfolio manager Mathew Martoma was upheld Thursday by a federal judge. Dealing a legal setback to the former financial lieutenant for billionaire hedge fund manager Steven Cohen, U.S. District Court Judge ...
China no longer top destination for foreign investment
September 2nd, 2014
An increasing number of American businesses say they feel unwelcome in China after the country’s government began a crackdown on monopoly pricing and corrupt business practices, according to a new survey. The wide-ranging investigations are also perceived to be ...
