Latest Stories
An unwelcome Kodak moment for D.C. firm
McDermott Will & Emery thought it had given its client Eastman Kodak Co. a picture-perfect ending to a long-running tax case — a $581 million tax refund related to an unsuccessful business venture the company had made. But when it came time to collect a $24 million contingency fee, the firm says, Kodak balked.
'SOX' does not extend overseas
Corporate whistleblower protection under the Sarbanes-Oxley securities law stops at the U.S. border.No chill for Boston's Foley Hoag as revenues, profits rise
Foley Hoag saw a bump up in both gross revenue and profits in 2008. Gross revenue for the firm increased 2.5 percent to $154 million; profits per equity partner rose more than 5 percent to exceed $840,000. The increases were due largely to growth in such areas as securities, energy and policy work. Niche areas within these practices, including an accountants' liability group, alternative energy group, international disputes group and the government strategies and investigations group all stayed busy in 2008.
Toyota plaintiffs find validation in fine
The government's $16.4 million penalty could bolster claims against the automaker, within certain limits.
Brief of the Week: Arizona's other immigration battle
An unusual alliance of business, labor and civil rights groups recently persuaded the Supreme Court to step into the seething national controversy over illegal immigrants and jobs.
Shockwaves from Dreier hit the west coast
The recent announcement of criminal charges filed against Marc Dreier reverberated across the country where 100 lawyers and other professionals at four law firms and consulting companies in Los Angeles have various ties to him. On Monday, Dreier, founder and managing partner of Dreier LLP, a law firm in New York, was charged with one count of securities fraud and one count of wire fraud, both of which involve a maximum sentence of 20 years in prison. Federal prosecutors in New York claim Dreier was the mastermind behind a more than $100 million investment fraud involving at least three hedge funds.Letters to the Editor: Gideon's legacy debated
In Gideon's Legacy: Not so dire after all, [NLJ, March 31] Joshua Marquis wrote that the promise of Gideon has not gone unfulfilled. There is overwhelming evidence to the contrary.
In BP Settlement, Law Firm Loses Bid to Get Clients Paid
A law firm whose oil spill claims were halted as part of an investigation into potential fraud in the administration of the $7.8 billion Deepwater Horizon settlement has lost a bid to get its clients paid while BP, which has asserted potential fraud in the process, raised its estimated costs of the deal to $9.6 billion.Trending Stories
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