Early Dismissal, Health Check, Walking Wounded: The Morning Minute
Here's the news you need to start your day.
June 18, 2019 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
|WHAT'S IN THE BOX? - Anyone hoping the lawsuit by former Jones Day partner Wendy Moore would offer a peek into the firm's black box pay system will remain in the dark, at least for now, as Moore has dismissed all claims according to the firm. Moore sued Jones Day in June 2018, claiming that it operates as a “fraternity” and that it violated California's equal pay law and Labor Code through “systematic gender discrimination in compensation.” A spokesman for Jones Day told Ross Todd on Monday that Moore “has now dismissed all of her claims against Jones Day in exchange for return of the capital that she previously contributed to the Firm.”
ANSWERING THE CALL - Nine months after the ABA challenged the country's law firms to do more to support attorney mental health, Law.com has surveyed every firm in the Am Law 200 to get a sense of what these types of initiatives look like in practice. As Dan Packel reports, 40 firms (35 of which are in the Am Law 100) responded to the survey, detailing programs including continuing legal education courses, along with other visiting speakers and online resources addressing stress and substance abuse made available through a firm's intranet or through custom-built apps.
SALT IN THE WOUND - Parker “Pete” Petit, the ousted former chairman and CEO of biotech and wound-treatment company MiMedx, made a bid to regain control of the battered business, which is embroiled in litigation claiming that mismanagement and fraud cost shareholders hundreds of millions of dollars. Yesterday, shareholders responded to Petit's power play with a resounding, “Um, no.” But while a statement from the company hailed the vote as “an unmistakable statement…that it is time to move beyond the Pete Petit era and to focus again on MiMedx's business and growth opportunities,” Greg Land reports that its troubles are hardly over: several shareholder suits and a parallel shareholder derivative suit are currently pending in the Northern District of Georgia.
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EDITOR'S PICKS
|Directed by Judge, Flynn's New Lawyers Make Their Appearances
Litify Raises $50 Million, Eyeing Expansion Into Corporate Legal, Mid-Sized Firms
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WHILE YOU WERE SLEEPING
|FRESHFIELDS FRANKFURT - The firm has been raided by German authorities for the third time in two years, reports Rowan Bennett. The investigation centers around so-called 'cum-ex' transactions, which were allegedly used by a number of banks to claim multiple refunds of tax that had only been paid to the German authorities once, before a loophole allowing such practices was closed in 2012.
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WHAT YOU SAID
“For now, I'm dealing with the immediacy of administering justice in my court. I'm not ignoring the trauma in my staff—I'm going to deal with that—but I'm not doing it today.”
— CHIEF JUDGE BARBARA LYNN OF THE FEDERAL DISTRICT COURT IN DALLAS, WHERE A MAN WAS SHOT BY FEDERAL AUTHORITIES AFTER ALLEGEDLY SHOOTING AT THE COURT BUILDING.|➤➤ Sign up here to receive the Morning Minute straight to your inbox.
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