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Forced combinations prop up the market
Crisis combinations of banks and financial services companies propped up last year's weak U.S. mergers and acquisitions market, which was battered by volatile stocks markets, the credit crisis and deals that withered before closing. There was almost a "forced consolidation" of major parts of the banking and insurance sectors due to the economic and credit crisis, said Jim Woolery, a corporate partner at New York's Cravath, Swaine & Moore.Morgan Stanley profit jumps, tops forecasts
NEW YORK AP - Morgan Stanley said Wednesday its second-quarter net income rose to $1.58 billion, easily topping forecasts as its Smith Barney brokerage helped the bank recover from a loss a year ago.Morgan Stanley joined other banks in reporting that its trading revenue fell from the first quarter, the result of the stock market's spring plunge.View more book results for the query "*"
Courts Weigh Arbitration of No-Fault Fraud Claims
In his Insurance Fraud column, Rivkin Radler partner Evan H. Krinick reviews a recent decision from the Eastern District in which the court found insurance companies alleging health care providers had fraudulently obtained benefits meant for services to victims of auto accidents did not to have to arbitrate clawback claims over monies the insurers already paid, but did compel arbitration where the insurers were seeking to avoid liability on insurance claims that had not been paid.JAG Lawyers Train for the Challenges and Perils of Iraq
Army Capt. Sebastian Edwards looks remarkably clean for someone who has been sleeping in the desert and gone days without a shower. Compared with many of his fellow soldiers training at Fort Irwin's National Training Center, Edwards appears downright fresh. Only his dust-covered boots make it plain that Edwards -- an Army judge advocate and the sole lawyer in a combat brigade of roughly 3,000 soldiers -- has spent the past three days in the Mojave Desert as part of rehearsal exercise for assignment in Iraq.Battle over Medicaid launches new Supreme Court term
With a severe budget crisis as the backdrop, California urged the U.S. Supreme Court on Monday to bar private individuals from challenging state decisions to reduce Medicaid reimbursement rates for doctors and other health care providers.Judge Refuses to OK Settlement in Legal Malpractice Suit
A Philadelphia judge refused Tuesday to approve a $4.5 million settlement proposed by the law firm Ballard Spahr Andrews & Ingersoll and limited partners of the Keystone Venture V capital fund in an attempt to resolve a legal malpractice suit alleging that lawyers failed to keep public pension funds in Pennsylvania, Connecticut and Massachusetts from losing money. The law firm has denied any wrongdoing or liability.Stay hydrated in career marathon
Last month I ran my first marathon, in St. George, Utah. I took my training extremely seriously, reading a couple of books on the subject, altering my diet and losing weight. I even read an absurd number of blog posts and Internet articles about running marathons.Trending Stories
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