Chinese companies entering the U.S. market are "going to have to look at the risk of lawsuits," says Bill Sullivan of Paul, Hastings, Janofsky & Walker LLP, as they are currently under increased regulatory scrutiny and accounting fraud is more likely to be identified. In the current environment, Sullivan suggests that an IPO is safer than a CRM since "it's a process that the regulators are more comfortable with." - Katie Roof
Former Commodity Futures Trading Commission Commissioner Bart Chilton brings his saucy eloquence to DLA Piper as a senior adviser in Washington. For other updates launch today's Movers & shakers slideshow.
The activist investor and the famed auction house are headed for a courtroom showdown. Loeb wants three board seats and the ability to fire Sotheby's CEO William Ruprecht. The company responded with a $300 million dividend for shareholders and a poison pill aimed squarely at Loeb. More video