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October 30, 2013

In the News Today – October 30, 2013

An anticipated settlement between JPMorgan and the Department of Justice is at risk of collapsing, according to people familiar with the talks. A key disagreement is the liability of the FDIC for Washington Mutual, which JPMorgan bought in 2008 at the behest of the government. Wall Street Journal

The deputy chief of the DOJ’s Foreign Corrupt Practices Act Unit says the group is handling a “pretty steady stream of cases” and warned that failing to disclose possible infractions is more perilous than ever. Corporate Counsel

A new report found that mid-size law firms are capturing a larger share of legal fees, in part due to their ability to offer flexible billing arrangements. Washington Post

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