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April 26, 2010 | Corporate Counsel

Hey, They Did It Too! Merrill Suit May Resemble Goldman Fraud Case

The SEC's suit against Goldman Sachs has many wondering whether other banks structured piles of debt they secretly knew would fail and then pitched those to investors. Now, Quinn Emanuel has filed suit claiming Merrill Lynch did something similar with an investment fund nicknamed Norma.
3 minute read
September 03, 2009 | Corporate Counsel

Coke Awards Longtime Firm, K&S, for Diversity

Coca-Cola Co. general counsel and senior vice president Geoffrey J. Kelly advanced his company's diversity agenda and strengthened ties with its longtime Atlanta law firm last week when he presented the company's second Living the Values award to King & Spalding, highlighting a century-old relationship.
5 minute read
January 01, 2011 | Corporate Counsel

The Clock Is Ticking, But When Does It Start?

OSHA is considering revising the statute of limitations for record-keeping violations.
3 minute read
August 15, 2007 | Corporate Counsel

$4 Billion Suit Against Akin Gump Highlights Hedge Fund Representation Risks

A $4 billion damages claim filed against Akin Gump by two former hedge fund managers who claim the firm advised them that late trading was legal is a new development for law firms and shows the risks they face as they try to reap the rewards of representing private investment funds. The funds generate high legal bills, but they're apt to strike back hard if they feel firms have led them astray. In a typical securities class action, a law firm is a minor defendant after deep-pocket financial institutions.
10 minute read
November 01, 2009 | Corporate Counsel

On the Job: Moves

Veteran antitrust attorney goes in-house to assist troubled energy giant.
12 minute read
June 01, 2009 | Corporate Counsel

Merged Thomson Reuters Keeps Combined Outside Counsel Roster

A year after the merger between the Thomson Corp. and Reuters -- which created the world's largest information multimedia news agency -- and there has still been no review of the new company's fused panel of U.K. legal advisers. And according to Daragh Fagan, Europe, Middle East and Africa general counsel for Thomson Reuters Markets division, there are no plans for one. Fagan believes that as the recession continues, going outside London for legal advice will become more common among large companies.
5 minute read
May 08, 2012 | Corporate Counsel

Exxon Mobil Takes Fortune 500 Top Spot, Edging Out Wal-Mart

Fortune magazine released the 2012 update of its Fortune 500 list, and the top spot has changed hands, with Exxon Mobil knocking Wal-Mart Stores Inc. out of the No. 1 position.
4 minute read
May 01, 2013 | Corporate Counsel

Your Papers, Please

Testing the SEC's reach, an accounting firm is asked for audits from China.
4 minute read
September 29, 2005 | Corporate Counsel

Use E-Billing or Lose Business

Technological prowess is such a key factor in corporate clients' hiring and retention of outside law firms, 35 percent of legal departments say they require electronic billing. Some have even fired law firms for lacking technical ability. On a positive note, clients like e-billing's streamlined invoice review and firms enjoy the faster payment turnaround. When it comes to billing, being "old school" is not a way to save money -- it's a way to lose business.
11 minute read
August 27, 2009 | Corporate Counsel

Let's Talk Details: How Much Description Do Patents Need?

An upcoming en banc rehearing before the U.S. Court of Appeals for the Federal Circuit has the potential to reverse a written description requirement for patents that the court imposed a dozen years ago. Owners of broadly written patents such as those covering life sciences innovations are watching closely.
4 minute read

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