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ChiefOfficers.Net

A lawyer in Orange County, California, has pleaded guilty to the misappropriation of more than USD 2 million awarded to claimants in a class action suit.

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Rolls-Royce used to make just a few cars each month. Then BMW bought the company, moved production away from its home in Crewe and started what amounts, for the niche manufacturer, mass production. Now they want owners of almost 6,000 cars to bring them back as a global recall affects more than 350,000 BMW and Rolls-Royce cars that share a braking system.

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It's the sort of detail that Bentley are famous for getting right: the bonnet badge that automatically retracts in the event of a collision so as to minimise the risk of injury. But authorities in the USA have ordered remedial work to several models because there are instances of it becoming stuck.

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This is a Lotus. They call it the Elite. And it will be unveiled at the Paris Motor Show next week, just one of a range of models, modifications and tech that Lotus has lined up for its biggest ever international show.

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At first sight, it's a weird idea - but on closer inspection, it's a model that other small-scale manufacturers might usefully follow in export markets: Bentley (and Crewe-build Rolls-Royce) owners in the USA are being treated to a touring parts and accessories display.

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Porsche USA is looking for the oldest car in the country.

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Wilson Sonsini Goodrich & Rosati have appointed CHEN Wei Heng as partner in its Shanghai corporate and securities practice and co-head of the China practice.

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GM's UK arm, Vauxhall, is taking out full page advertisements in all major UK newspapers promoting a "lifetime warranty." But the headline is not the full story.

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It's almost six months since prosecutors in Gibraltar arrested Benjamin and Solomon Marrache of law firm Marrache and Co, alleging false accounting. That's a nice term for lying - and doing it in writing. But it's a little more complicated than that.

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The Law Society of England and Wales has issued an e-mail circular to solicitors referring to acceptable documents for client identification in relation to money laundering. Is it sufficient?

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International law firm Dechert LLP have announced that Thomas P. Vartanian, David L. Ansell, and Robert H. Ledig have joined the firm as partners in the Washington, D.C. office. All three were previously partners at Fried, Frank, Harris, Shriver & Jacobson LLP, where Vartanian served as chairman of the Financial Institutions Transaction Group.

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VW says - again - that it's courtship with Proton is off.

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The value of client data is demonstrated by the case of a San Jose law firm. A clerk stole data and used it to forge credit applications. And it was not the only professional business targeted.

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The USA lumps all kinds of insolvency proceedings under the single heading of "bankruptcy" and so its headline figures are misleading. But behind the headline figure - that there was a near-30% increase in 2009 as against 2008 - there are some trends that indicate a deep malaise in the US economy - and signs that there's still a long way to go before bad debt has returned to actuarially acceptable levels.

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It was a car that generated lust or nausea: born as the road-going equivalent of a military vehicle, Hummer wanted to be the Jeep of the 21st Century. It was a car that, had the idea arisen today, would never have been born. And with its Tonka-toy styling, its ridiculous demand for real-estate in the middle of a busy road and a fuel consumption that only oil-rich show-offs could realistically afford, there is little doubt that it was doomed.

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