Alex Vorro

May 16, 2012 | Inside Counsel

So far this week, theres been good news and bad news for failing New York law firm Dewey & LeBoeuf. First the bad news: The Public Benefit Guaranty Corp., which oversees U.S. private-sector pension plans and interjects to cover plans when employers cannot pay promised benefits, sued Dewey on Monday.

By Alex Vorro

4 minute read

May 15, 2012 | Inside Counsel

The tensions rose another notch yesterday in the 7-year-old fraud case against former AIG CEO Maurice Greenberg and CFO Howard Smith. Greenberg bit back at New York Attorney General Eric Schneiderman, claiming that the state should be barred from invoking a 91-year-old state law in the case.

By Alex Vorro

5 minute read

May 14, 2012 | Inside Counsel

The well-publicized collapse of New York law firm Dewey & LeBoeuf likely is coming to its closing chapters. The firm has now lost about 160 of its nearly 320 partners since January 2012 to other firms, with 81 of those partners having announced their departures in May. And for many...

By Alex Vorro

4 minute read

May 10, 2012 | Inside Counsel

Arthur Levitt thinks corporate executives can do a better job. The former Securities and Exchange Commission chairman opined yesterday that public companies should prevent top executives from borrowing against their equity stakes.

By Alex Vorro

3 minute read

May 09, 2012 | Inside Counsel

Its getting to the point where even the rats will want off the ship with the crew before it sinks. Another chapter was written yesterday in New York law firm Dewey & LeBoeufs well-chronicled collapse as a raft of rainmakers ran for the exits.

By Alex Vorro

33 minute read

May 08, 2012 | Inside Counsel

Hostess Brands Inc. can breathe a little easier now. The Twinkie maker got a little help from a judge yesterday when it was given the green light to reject certain union contracts and modify some retiree benefits as it attempts to extract itself from the vat of Fruit Pie filling...

By Alex Vorro

5 minute read

May 07, 2012 | Inside Counsel

Signs are now solidly pointing toward the end for New York law firm Dewey & LeBoeuf. Dewey issued advance notice to its employees under the Federal Worker Adjustment Retraining and Notification Act (WARN) last Friday that they may soon lose their jobs if the firm is forced to shutter.

By Alex Vorro

18 minute read

May 04, 2012 | Inside Counsel

Things will soon change in the Pittsburgh-based legal department of PNC Financial Services Group Inc. After nearly two decades in the general counsel role, Helen Pudlin will retire at the end of the month.

By Alex Vorro

9 minute read

May 03, 2012 | Inside Counsel

European software developers may be smirking today. The Court of Justice of the European Union ruled yesterday that functions performed by computer programs are not entitled to copyright protection.

By Alex Vorro

2 minute read

May 03, 2012 | Inside Counsel

Following Mondays revelation that failing New York law firm Dewey & LeBoeufs management team sent a memo to all of its partners suggesting they seek other employment, things have continued to head south.

By Alex Vorro

23 minute read