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With action by the House of Representatives Monday, legislation creating an independent commission to examine the causes of the financial crisis has now passed both houses of Congress, an...
In an important ruling issued on Wednesday, May 13, 2009 Bankruptcy Judge Allan L. Gropper in the Southern District of New York approved a $400 million debtor-in-possession facility for G...
In response to a public outcry over compensation and other practices and a call for accountability in the current financial crisis, a sharply divided Commission today proposed amendments ...
With action by the House of Representatives Monday, legislation creating an independent commission to examine the causes of the financial crisis has now passed both houses of Congress, an...
Eighth Circuit Holds in Contemporary Industries Corp. v. Frost that Payments Made to Selling Shareholders in the Course of a Leveraged Buyout Qualify as “Settlement Payments” and are ...
On May 4, 2009, Senator Carl Levin (D-Michigan) and Senator Susan Collins (R-Maine) introduced the Authorizing the Regulation of Swaps Act (the “LevinCollins Bill” or the “Bill”),...
Christine A. Varney, the Assistant Attorney General who serves as the head of the Antitrust Division of the Department of Justice (“DOJ”), announced yesterday that the DOJ plans to pu...
Treasury’s General Explanations of the Administration’s Fiscal Year 2010 Revenue Proposals were released on May 11, 2009. The Explanations cover a number of items of potential interes...
On May 5, 2009, the SEC charged a bond salesman and a hedge fund manager with insider trading involving credit default swaps (“CDS”). The case, the first ever involving insider tradin...
This morning, the Obama Administration provided more detail on its previously announced plan to reform the U.S. tax laws relating to the taxation of income earned by foreign subsidiaries ...