In-House Perspective articles

Photographer: Krisztian Bocsi/Bloomberg

Litigation Said to Create Surprise Windfall For Deutsche Bank

Litigation Said to Create Surprise Windfall For Deutsche Bank

By Eyk Henning and Steven Arons, Bloomberg News Deutsche Bank AG’s legal issues haven’t all been one-way traffic. The German lender, which has posted two consecutive annual losses amid rising misconduct fines, booked a surprise windfall of more than 100 million euros ($117 million) in the first half related to an out-of-court settlement with a former

Photo by Peter Foley (Bloomberg)

SEC Drops Claims Against Ex-JPM Traders in London Whale Case

By Jef Feeley, Bloomberg News The U.S. Securities and Exchange Commission dropped claims against two former JPMorgan Chase & Co. traders accused of hiding more than $6.2 billion in trading losses as part of the “London Whale’’ case. Securities regulators agreed to dismiss their case against traders Javier Martin-Artajo and Julien Grout after federal prosecutors dropped criminal charges against

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Round Up: General Counsel Moves

Big moves happened this week in the world of general counsel. FedEx chose a new GC. So did Caterpillar, the construction equipment manufacturer. Disney’s highly-compensated ($11.1 million a year) GC will stay on for two more years and two medical companies appointed top legal officers. Here are some of this this week’s highlights:   • On

Walt Disney Co. signage is projected during the D23 Expo 2017 in Anaheim, California, U.S., on Saturday, July 15, 2017. Photographer: Patrick T. Fallon/Bloomberg

Wake Up Call: Disney Locks Down Extended Deal with GC

• Don’t expect the general counsel of Disney to leave the company anytime soon. At least not by the signs of his company’s SEC filings. Alan Braverman just got his contract with Disney extended through July 2019, according to the SEC filings reported by The Hollywood Reporter. Braverman was on the Big Law Business list

Heather Bresch, chief executive officer of Mylan NV, speaks during a House Oversight and Government Reform Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 21, 2016. Photographer: Andrew Harrer/Bloomberg

Mylan Wraps Up $465 Million U.S. Accord Over EpiPen Rebates 

By David McLaughlin and Jared S. Hopkins, Bloomberg News Mylan NV and the U.S. Justice Department finalized a $465 million settlement to resolve claims that the drugmaker defrauded taxpayers by misclassifying its allergy-shot EpiPen product as a generic drug. The settlement, announced by the Justice Department Thursday, resolves claims that Mylan was able to improperly

FedEx Corp. signage is displayed on a store window in Caracas, Venezuela, on Wednesday, June 21, 2017. Photographer: Carlos Becerra/Bloomberg

FedEx Promotes Longtime In-House Lawyer to Top Post

Mark R. Allen knows FedEx well. He started working there two years after earning his law degree from Memphis State University in 1980. Today, FedEx announced he will be taking the highest legal position in the company as executive vice president, general counsel and secretary on Oct. 1, 2017. The global shipping giant posted $60 billion in

Robert Moritz, chairman of PricewaterhouseCoopers (PwC) International Ltd., speaks on the third day of Mobile World Congress (MWC) in Barcelona, Spain, on Wednesday, March 1, 2017. A theme this year at the industry's annual get-together, which runs through March 2, is the Internet of Things. Photographer: Chris Ratcliffe/Bloomberg

PwC Fined $6.6 Million in Largest-Ever Penalty From Watchdog 

By Suzi Ring, Bloomberg News PricewaterhouseCoopers LLP was fined 5.1 million pounds ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the U.K. accounting regulator. The Financial Reporting Council announced the fine Wednesday, along with penalties against Nicholas Boden, a senior PwC audit partner. The misconduct

carly roberts

Giant Insurer Names New Top Lawyer

The giant specialty insurer Assurant Inc. has announced the results of an internal reorganization of its legal department that puts Carey Roberts as its new chief legal officer, executive vice president and secretary. Roberts, 46, will join the company at the end of October from Marsh & McLennan where she served as deputy general counsel,

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Big Pharma’s Tobacco Moment as Star Lawyers Push Opioid Suits

By Jef Feeley and Jared S. Hopkins, Bloomberg News Big Pharma is having a Big Tobacco moment as litigation over opioids attract star lawyers and a growing list of states and local governments seeking their own multibillion- dollar payout to deal with costs of a burgeoning drug epidemic. On Tuesday, South Carolina became the sixth

Photographer:  Jonathan Kirn/ Bloomberg News.

Engineering Company McDermott Taps GC with Energy Background

John Freeman, a veteran of the energy logistics industry, has been appointed general counsel, senior vice president and corporate secretary of the engineering company McDermott International, Inc. Freeman is making the jump to McDermott from TechnipFMC, another fossil fuels and energy extraction engineering company. He will replace Liane Hinrichs, who announced she is retiring from the

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