fbpx
News
July 17, 2014

In The News Today – July 17, 2014

General Motors has hired an outside law firm to conduct a “zero-based review” of its legal department. This announcement comes as GM General Counsel Michael Millikin “is expected to face tough questioning from lawmakers about why lawyers working for him settled a series of cases involving fatal accidents in GM cars in which the air bags didn’t deploy, but didn’t alert him or other senior executives to the problems.” (WSJ Law Blog)

U.S. Department of Justice official Tony West has “issued a thinly veiled threat” to Bank of America over the Department’s investigation of the company regarding its sale of mortgage securities. The official told the company that it “must admit to misconduct and pay substantial penalties or face lawsuits from the agency.” (Reuters)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings