Firms Are Reversing COVID-19 Cuts but Remaining Cautious; Associates Appreciate Honesty (Especially Now); Crowell Alleges Pharmacy Chain Scammed Insurer Clients: The Morning Minute
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August 24, 2020 at 06:00 AM
5 minute read
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WHAT WE'RE WATCHING
RESTORING BUT NOT RELAXING – If COVID-19 itself wasn't evidence enough that nobody really knows what's coming around the corner, how about the fact that we're more than five months in with no end in sight? Still, about a dozen large law firms—at least seven of which made announcements last week—have rolled back certain austerity measures put in place at the start of the pandemic, citing better-than-expected performance. It's clear, however, that no one feels confident that the threat is totally over. In this week's Law.com Trendspotter column, we look at which firms recently announced partial pay cut restorations, what those measures look like and why no one's taking this good news as a sign that they can let their guard down.
HONESTY IS THE BEST POLICY – Law firm leaders in recent years have wrestled with how to relate to younger associates, who are into weird stuff like work-life balance, transparency and accountability from the top down. But, at least with regard to those last two points, law firms seem to be hitting the mark during the pandemic. As Samantha Stokes reports, The American Lawyer's 2020 Midlevel Associates Survey found that early-career attorneys are increasingly satisfied with the openness of firm leadership, how firms communicate about making the partnership and the opportunity to build relationships with partners. "Some associates are telling me that even when firms are communicating bad news, they're still glad the firms shared it and aren't trying to hide anything," said Stephanie Biderman, a managing director with Major, Lindsey & Africa's associate practice group. "It may not be the news they wanted to hear, but they're still happy to feel included in the conversation."
OFF SCRIPT - A new complaint alleges Walgreens Boots Alliance, the parent company of Walgreens and Duane Reade, has been passing savings onto customers but not insurers. The company was slapped with a lawsuit Friday in Illinois Northern District Court over policies that allegedly inflate the prices insurers pay for prescription drugs. The case, which alleges Walgreens' Prescription Savings Club program allowed it to offer customers deep discounts while overcharging insurers for the same drugs, was brought by Crowell & Moring and Williams Montgomery & John on behalf of Asuris Northwest Health, Blue Cross and Blue Shield of Kansas City and other health insurance providers. Counsel have not yet appeared for the defendants. Read the full complaint and stay up to date on major litigation nationwide with Law.com's Legal Radar.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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