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January 04, 2007 | National Law Journal

Report: Securities Class Actions Down

Securities class action filings have dropped 38 percent, from 178 filings in 2005 to 110 in 2006, according to an annual report released by a think tank affiliated with Stanford Law School. The study cites three main factors to explain the drop: increased pressure from federal regulators that may be reducing the amount of fraud in the market, a strong stock market combined with lower stock price volatility, and prior resolutions of lawsuits filed in the late 1990s and early 2000s.
3 minute read
October 02, 2007 | National Law Journal

Ex-Latham Partner Resigns From Bar for Not Filing Tax Returns

Retired Latham & Watkins partner Francis K. Decker has resigned from the bar after pleading guilty earlier this year to tax evasion charges. Decker, 70, agreed to spend 45 days in jail and pay $1.5 million in back taxes and fines.
1 minute read
April 12, 2007 | National Law Journal

Bankruptcy Judge Approves Fees for Lawyers, Financial Advisers to Lionel Train Company

Lionel LLC won approval Wednesday to pay lawyers and financial advisers who are working to bring the model train maker out of bankruptcy protection. Chesterfield, Mich.-based Lionel -- maker of its iconic miniature trains, tracks and accouterments since 1900 -- asked a federal bankruptcy judge in New York to approve $675,808.72 in fees. The company's bankruptcy attorneys, from Schulte Roth & Zabel, were paid $95,977.50 in fees and $2,145.46 in expenses for work done from Sept. 1 to Dec. 31 of last year.
1 minute read
June 18, 2007 | National Law Journal

Chadbourne in Merger Talks With U.K.'s Watson Farley

Chadbourne & Parke is in preliminary merger discussions with the London-based firm Watson, Farley & Williams, Chadbourne's managing partner Charlie O'Neill confirmed Friday. If Chadbourne's merger with Watson succeeds, the combined firm would have more than 600 lawyers and combined revenues of more than $350 million. Chadbourne, which has around 400 lawyers, could use more size to compete with the larger firms, said O'Neill.
2 minute read
August 08, 2006 | National Law Journal

Be Cautious Using Nouns as Adjectives

Though a series of adjectives can be an effective way to home in on nouns, Sills Cummis partner Kenneth Oettle says they don't work as well when the adjectives are nouns used as adjectives, such as "venue" in "venue motion" and "settlement" in "settlement talks." Noun adjectives confuse the reader grammatically because they tend to be conceptual rather than descriptive. Oettle uses an example involving electronic discovery costs to show how you can best use adjectives to get your point across.
5 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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October 01, 2007 | National Law Journal

Russell Jones Hires Stockbroking Legal Chief

Russell Jones & Walker has strengthened its employment team with the hire of Collins Stewart Tullett's former general counsel, John Marshall. Marshall, who was the former head of legal for Europe, the Middle East and Africa at the leading financial services group, joined the London office of Russell Jones on Sept. 5 as an associate in the employment team.
1 minute read
April 05, 2006 | National Law Journal

Patent Litigators Punditize for News Network

Is the world ready for patent litigators on live TV? Well, apparently, yes. Scott Baker, a partner at Reed Smith, and Edward Reines, a partner at Weil, Gotshal & Manges, have both recently appeared on CNBC to talk about patent cases. With the U.S. Supreme Court hearing five patent cases this term and the BlackBerry dispute hogging headlines day after day, it seems that patent attorneys have achieved celebrity status.
2 minute read
March 06, 2008 | National Law Journal

Debevoise Partner Profits Jump to $2.3 Million in 2007

Debevoise & Plimpton has unveiled stellar financial results for 2007, with the New York law firm seeing both partner profits and fees climb by more than 20 percent over the last 12 months. Profits per equity partner at Debevoise rose by 26.5 percent from $1.81 million last year to a new high of $2.29 million. Global revenue, meanwhile, was up by 23.4 percent from $575 million in 2006 to $709.54 million. The results rank Debevoise as one of the strongest performers in the U.S. results season.
2 minute read
April 17, 2008 | National Law Journal

Crunch Sees Reed Smith End Blanket Ban on Suing Banks

Reed Smith has ended its self-imposed ban on litigating against banks with the firm now reviewing financial disputes on a case-by-case basis. The move, an apparent reaction to the expectations of a surge in bank-related litigation due to prolonged credit turmoil, is a shift for the firm, which ended legacy U.K. firm Richards Butler's practice of acting against banks after a 2007 merger. The news comes before next month's expected judgment in a $600 million case involving JPMorgan Chase.
2 minute read
April 05, 2007 | National Law Journal

Ousted U.S. Attorney Ryan Lands at Allen Matkins

A month and a half after leaving office, former U.S. Attorney Kevin Ryan has landed a job as a litigation partner at Allen Matkins Leck Gamble Mallory & Natsis, a 200-lawyer California firm known for its real estate practice. Ryan was criticized for his management style and fired last year, apparently after a federal judge tried to obtain government performance reviews of him. His departure coincided with that of seven other U.S. Attorneys whose firing has embroiled the Bush administration in controversy.
2 minute read

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