Law

Linklaters Revenue Increased to $2.13 Billion, Partner Profits Fell 9.6% Linklaters LLP surpassed London rivals Clifford Chance LLP and Freshfields Bruckhaus Deringer LLP to become the biggest U.K. law firm by revenue.

Stanford's U.K. Assets Should Be Handed to Antigua Liquidator, Court Rules R. Allen Stanford’s liquidators from Antigua were awarded control of 120 million pounds ($196 million) in U.K. assets seized in a fraud probe in a London court battle with U.S. receivers.

Federal Marshals Arrive, Ruth Leaves as the Madoffs' Apartment Is Seized U.S. marshals seized Bernard Madoff’s $7 million Manhattan penthouse apartment following a federal judge’s order that the Upper East Side residence be forfeited by the convicted con man.

European Commission Seeks to Establish Clearinghouse for OTC Derivatives The European Union called for the use of clearinghouses for some over-the-counter derivative trades to “ensure they do not harm financial stability” as part of a response to the global economic crisis.

GM Bankruptcy Judge Ends Hearing, Will Weigh U.S.-Backed Sale of Automaker General Motors Corp.’s battle with creditors over its reorganization neared an end yesterday, leaving it up to a bankruptcy judge to decide the fate of a plan to create a streamlined carmaker by selling its best assets to a group led by the U.S. Treasury.

Medici's Sonja Kohn Didn't Get Personal Payments From Madoff, Lawyer Says Bank Medici AG Chairman Sonja Kohn didn’t receive any personal payments from Bernard Madoff, her lawyer Andreas Theiss said.

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