December 08, 2008 | New York Law Journal
Activist Chief Judge Keeps Asking the Courts, 'Can't We Do Better?'On a Saturday six years ago, at one of the countless court functions she attends all over the state, Chief Judge Judith S. Kaye learned to her dismay that more than 6,000 children freed for adoption still were waiting for new parents. "They were in limbo," she said in a recent interview. "That upset me." First thing Monday morning, she called the heads of state and city children's services agencies and invited them to her chambers. The product of that meeting was "Adoption Now," a collaborative effort that has reduced the number of children "in limbo" to around 3,400. Judge Kaye's response to the adoption issue mirrors the activist approach she has taken on a myriad of matters in her 15 years at the top of the state court system.
By Daniel Wise and Jeff Storey
24 minute read
July 02, 2009 | New York Law Journal
New DealsIn a rare public-private merger of equals, Towers, Perrin, Foster & Crosby struck a deal to join forces with rival Watson Wyatt Worldwide to create what is believed to be the largest employee benefits company in the world, according to news reports. The companies valued the all-stock transaction at $3.5 billion, based on the valuation of both entities. Also, Nortel, the bankrupt Canadian phone-equipment maker that once had a market valuation of $250 billion has agreed to sell its most lucrative asset to Nokia Siemens for $650 million by the third quarter of this year.
By Jeff Storey
7 minute read