A proposed settlement between [tag]Tyco[/tag] and the SEC’s enforcement division is pending before a U.S. District Court. Under the settlement, the [tag]SEC[/tag] will determine how to distribute $50 million paid by Tyco. The [tag]civil complaint[/tag] filed by the SEC alleges […]

Anne Majerik, a 60 year-old social worker from Pennsylvania won $2.1 million in a lawsuit against Beverly Hills [tag]matchmaker[/tag] Orly Hadida (who just goes by the name Orly). Majeric alleged that she paid Orly $125,000 to introduce her to wealthy […]

Former Tyco CEO Dennis Kozlowski wants more. His first criminal trial ended in a mistrial and cost him almost $18 million in legal fees, while the second trial cost him $8 million. Kozlowski is appealing his conviction and is named […]

Jeremy Blachman, a Harvard Law School student, is the infamous author of the blog Anonymous Lawyer, which was a mockery of life at a large law firm. He’s now written a book with teh same title, which will be released […]

BusinessWeek has published a very interesting story about the [tag]outside counsel[/tag] for [tag]Enron[/tag], Vinson & Elkins. The firm played in integral role in Enron’s deals, and the [tag]SEC[/tag] is investigating the advice that the firm gave Enron. The question remains […]

James Lewis Jr., the operator of one of the largest Ponzi schemes in U.S. history was sentenced to 30 years in prison last week. That was the maximum sentence that could be imposed. He was also ordered to pay $156 […]

According to an article on the Motley Fool site earlier this year, credit card debt is a huge problem. They say that Americans owe over half a trillion dollars in credit card debt. An analysis by the U.S. Public Interest […]

The [tag]American Institute of Certified Public Accountants[/tag] ([tag]AICPA[/tag]) lost the [tag]social security numbers[/tag] of all of its members earlier this year. I was notified of this via a letter dated May 8. The organization offered its members one free year […]

Yes, you read that correctly. A man in Milwaukee was stabbed last night in the chest after he and the suspect had an argument over a passage in the [tag]Bible[/tag]. Wow.

Following the collapse of Enron Corp., Kenneth Lay and Jeffrey Skilling were still wealthy. (It seems they cashed in their stock options at just the right time.) According to an August 2001 balance sheet, Lay owned many non-Enron stocks totaling […]