Recent Updates
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Former Employees Sue the State of Arizona for Lay Offs
National News 02/23/2009Arizona violated its own rules by firing employees without five days notice and without offering a voluntary separation program, a class action claims in Maricopa County Court. The Service Employees International Union Local 5 Arizona and its members...
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UBS Bank Agrees to Pay $780M to SEC
National News 02/19/2009The second largest bank in Europe, UBS AG, has agreed to pay $780 million to settle SEC charges of unethical investment practices that allowed clients to avoid taxes through offshore accounts. The Securities and Exchange Commission brought charges ag...
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McDermott Will & Emery Lay of 60 Attorneys, 89 Staff
National News 02/06/2009McDermott Will & Emery LLP has laid off 60 attorneys and 89 staff members, becoming the latest Chicago law firm to retrench amid a sharp decline in business. In an internal memo sent to employees Tuesday, Chairman Harvey Freishtat said the firm p...
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SEC Charges Merrill Lynch with Securities Violations
National News 02/02/2009The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith, Inc. and two of its former investment adviser representatives with securities laws violations for misleading pension consulting clients about its money ma...
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Wyeth Shareholders Reluctant to Pfizer Sale
National News 01/28/2009Wyeth shareholders say the company is selling itself too cheaply to Pfizer - for $68 billion, or $33 for each Wyeth share, plus 0.985 of a Pfizer share. The federal class action claims that in the deal, announced Monday, Pfizer is taking advantage of...
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Missing Fla. hedge fund manager turns himself in
National News 01/27/2009A Florida hedge fund manager who disappeared this month just as he was due to pay investors $50 million turned himself in to authorities Tuesday to face federal securities and wire fraud charges.Arthur Nadel, accompanied by two attorneys, surrendered...
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Sludge company's ex-representative pleads guilty
National News 01/27/2009A former representative of a Texas company pleaded guilty Monday to federal bribery conspiracy, admitting a multiyear scheme to win a sludge recycling contract through cash and trips for Detroit officials.Jim Rosendall's cooperation with the FBI led ...
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Judge gives $65M to USS Pueblo Captives
National News 01/02/2009A federal judge in Washington, D.C., ordered North Korea to pay $65.85 million to two crew members of the USS Pueblo, the commander's widow and a civilian oceanographer for kidnapping and torturing the ship's crew in 1968. In a sordid 3...
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Court: No obligation for company to give teen drug
National News 12/17/2008A pharmaceutical company does not have to provide an experimental drug to a Minnesota teen who is terminally ill with a rare form of muscular dystrophy, a federal appeals court ruled Tuesday in reversing a lower court decision.The ruling by the U.S. ...
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2nd suspect arrested in Oregon bank bombing
National News 12/16/2008Two law enforcement officers killed in a bank bombing last week believed the device was a hoax and were trying to open it when it exploded, according to court documents released on Tuesday.A probable cause statement in the case of bombing suspect Jos...
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States increasingly put criminal records online
National News 12/15/2008Worried your daughter's new boyfriend might have a nefarious past? Want to know whether the job applicant in front of you has a rap sheet?Finding out can be a mouse click away, thanks to the growing crop of searchable online databases run directly by...
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Financially 'struggling' gov had big legal bills
National News 12/12/2008Rod Blagojevich is the third-highest-paid governor in the country, but you wouldn't know it from conversations recorded by federal authorities.He is heard on six weeks of recordings saying he is "struggling" financially, even though he makes $177,412...