Legal News

Make That 44: Deweys Insurance Co-Chairman Decamps
Partner James R. Woods, co-chairman of Dewey's global insurance industry sector practice, joined Mayer Brown on Wednesday, according to the firm. That's the 44th partner exit from Dewey & LeBoeuf since January, and yet another departure from its well-regarded insurance practice.

Foreclosure Crisis: Losses May Top $26B
NEW YORK (TheStreet) — Goldman Sachs says the largest U.S. banks face “potential losses of $26 billion spread across several years” as they are forced to buy back securitized mortgages or take other credit losses on loans going through the foreclosure process...

Bulk Foreclosure Sales Could Cause Bigger Bank Write-Downs
``"The problem for the banks is that in that scenario, when they sell off these assets in bulk, they have to recognize pretty significant losses all at once, rather than spread those losses out over a longer period of time...

Single-Equity-Partner Structure Poses Risk, Says Magazine
"Dreier Troubles Show Danger of Single-Equity-Partner Structure," says a headline on the ABA Journal's site today.One such danger: the single equity partner gets locked up for fraud...

New Transfer Pricing Regulations on Overseas Royalties Released
Sept. 1 – Local tax bureaus around the country are scrutinizing outbound royalty payments to related parties overseas, in response to Circular No.363, ?Notice of SAT on Reinforcing the Monitoring and Investigation of Cross-Border Related-Party Transactions...

German Banks Weighing Compensation for U.S. MBS Losses
``Representatives of sizable German banks have spoken of their interest in pursuing compensation for private residential MBS losses, and one European financial institution with MBS holdings confirmed to American Banker that it and others are looking to act...

Military Veterans Benefits, Part 3
Other Benefits

Sharon Collins
found guilty of conspiring to kill her partner

Stock Market Losses
alleging bad financial advice and conflicts of interest.

Mutual Fund Losses
alleging financial advisors breached fiduciary duties by not looking out for investors best interests.

Bayer CropScience AG
alleging farmers suffered economic losses after Bayer's biotech Liberty Link rice was released into the food supply and countries banned US rice.