Alex Major is extensively quoted in an article that discusses Kaspersky Lab Inc.’s lawsuit to fight its disbarment as a U.S. government contractor.The government’s move against Kaspersky reflects the embracing of isolationism and ‘‘lazy legislating,’’ Major said.‘‘There could have been a way to Continue Reading
Wilmington Trust Execs Say Fed Never Flagged Loan Reports
An attorney for a former top Wilmington Trust Corp. executive noted Tuesday that Federal Reserve examiners never flagged seemingly "significant disparities" in Delaware bank loan reports in early 2009, despite later moves to charge the bank and four top officials for allegedly hiding past-due Continue Reading
Energy Storage CEO Says Industry Is Finally Getting Noticed
Michael Oster is CEO of a local energy storage company, which means he undoubtedly stands to benefit from the latest decree from federal energy regulators. The Federal Energy Regulatory Commission, or FERC, passed a rule at the end of February that puts energy storage on an equal footing with Continue Reading
DOJ Claims ‘Lies’ in Ex-Wilmington Trust Execs’ Fraud Trial
Four former Wilmington Trust Corp. executives "lied repeatedly" about the bank's commercial loan portfolio to regulators, investors and the public in 2009 and 2010, a federal prosecutor said Monday at the opening of the officials' fraud and securities trial in Delaware. Michael P. Kelly of Continue Reading
Take 2: Wilmington Trust Execs Again Days Away from Criminal Trial
For the second time in five months, former Wilmington Trust executives are days away from the start of a criminal trial that will determine whether they spend time behind bars. Harra's attorney Michael Kelly claimed the bank was "let go" without even a misdemeanor –– despite numerous felonies Continue Reading
Schools That Can Newark Connects Students with Employers throughout the City
For the last two years, University High School senior Nasia Spencer has been attending a program designed to prepare the city's youth for college and career. She's learned how to write a resume and cover letter and had an opportunity to hone her interview skills with three different companies. "I Continue Reading
Financial Metrics Hold Steady for McCarter & English in ’17
With few exceptions, McCarter & English’s firmwide and per-lawyer financial metrics were essentially unchanged last year from fiscal year 2016. Firm leaders, meanwhile, say an ongoing emphasis on efficiency and profit margins have set up the firm well in the competitive market for legal Continue Reading
White House Reaches Informal Deal with Boeing for Air Force One
U.S. President Donald Trump has reached an agreement with the Boeing Co (BA.N) to provide two Air Force One planes for $3.9 billion, the White House said on Tuesday. The "informal deal" will need to be codified in a formal contract with comprehensive, complex terms and conditions said Franklin Continue Reading
Industry Roundtable: Women in Business
Delaware’s strongest business leaders include women on the front lines of growing their organizations, navigating change and mentoring others who will follow in their footsteps. Delaware Business Times sat down with five women from a cross-section of industries to talk about their journey, and the Continue Reading
Some Banks Like it Small
For many banks, getting larger — via mergers or adding customers — is key to offering comprehensive services while keeping operational costs down. But for others, smaller is better. Independent community banks often tout their ties to local towns and focus on how their staff, loan officers and Continue Reading