Latest Stories
New SEC Rules Promise Payouts for Whistleblowers, but How Have Past Tipsters Fared?
Looking back at two very different whistleblowers we've profiled over the past three and a half years, one has had some success in court, and the other filed a brief revealing that his lawsuit has cost him nearly everything he owned.
Nvidia Faces Age Discrimination Suit From Former GC
Stephen Pettigrew built Nvidia Corp.'s legal department from a one-man-show -- himself -- into a full-fledged public-company team. But when he got too old, executives demoted and fired him. That's what Pettigrew, who was 64 when he left Nvidia, alleges in an age discrimination suit filed against the graphics-chip company. Pettigrew also accuses the company of retaliating because he voiced his concern that one of the company's top executives may have committed sexual harassment and gender discrimination.AstraZeneca Sues South Carolina to Block Use of Private Lawyers in State's Seroquel Case
When AstraZeneca reached a $68.5 million settlement with 37 states last week for alleged off-label marketing of Seroquel, seven states with pending Seroquel false marketing cases against AZ stayed on the sidelines. One was South Carolina, which sued AstraZeneca in 2009. On March 14, AstraZeneca went on the attack, filing a 22-page declaratory judgment suit against S.C. AG Alan Wilson in state court in Spartanburg.
Judge Throws Out Shareholder Suits Against Merrill Lynch Execs, Strips Shareholders of Standing
A federal judge in the Southern District of New York threw out two derivative shareholders lawsuits against Merrill Lynch & Co. executives and directors and ruled that Bank of America Corp.'s acquisition of Merrill strips Merrill's shareholders of the standing to bring such suits. The claims include breach of fiduciary duties and waste of corporate assets for risky investments in mortgage-backed securities and collateralized debt obligations.
EEOC Suing Employers That Use Random Alcohol Tests
With most companies in the midst of office holiday party season, the idea of a random alcohol testing policy is probably enough to make at least a few employees sweat a little. (But not so fast ...)
An In-House Look at Diversity in the Legal Profession
FMC Corp. GC Michael Reilly says that in 20-plus years in practice and 15 years as an in-house lawyer, the one topic not discussed between in-house and outside counsel is not one of the usual social taboos, but rather, it's. . . diversity.
What Every Firm Wants for Holidays: Wal-Mart as M&A Client
Wal-Mart is the only company in the Dow 30 to see gains in its stock price this year. Even with M&A deals at record-setting lows amid the still-unfolding credit crisis, the retailing monolith continues to grow. Case in point: The company's announcement on Dec. 19 of its $2.7 billion offer for Chilean supermarket chain Distribucion y Servicio D&A. And Wachtell, Lipton, Rosen & Katz is the lucky firm that's locked up the high-end M&A work for Wal-Mart.
Discovery on Discovery Demands Cost-Shifting
In the rare cases where courts allow discovery on discovery (i.e., how the opponent preserved, collected, and produced responsive documents), it should be presumed that the requester pays for the responding party's costs to produce this information.Trending Stories
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