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A Manhattan federal court judge ruled that Parmalat could not recover damages against auditor Grant Thornton because Parmalat's own officers were responsible for fraud at the company.
Is the Honeymoon Over for the Roberts Court?
A Supreme Court term that began with hopes for a new era of consensus dissolved in its final weeks into a blizzard of quarrelsome writing that clarified little and robbed some decisions of their precedential force. The messy finale may be explained in part by the increased importance of Justice Anthony Kennedy as the Court's swing vote. And some say the disarray may just be a preview of next term, when the Court will face even thornier cases on race-conscious public school policies and abortion.Unlikely Legal Duo Fights for Freer-Flowing Wine Market
They call themselves "the last-minute babes of Stanford Law." Last term, there was Jenny Martinez, arguing the landmark enemy combatant case Rumsfeld v. Padilla, with less than a week's notice. And in one of this term's biggest cases, former Stanford Dean Kathleen Sullivan argued in December for the interstate shipment of wines to consumers, beating out former Solicitor General Kenneth Starr for the case.All three leading candidates in the crucial race to replace Andrew Cuomo are pulling in big bucks. But wait til you see who's giving--and how much--to the former Bernstein Litowitz partner.
Rather than spend eight weeks defending their client in front of a Salt Lake City jury, DLA Piper and Wilmer Cutler Pickering Hale and Dorr guided Pfizer Inc. to a $450 million settlement with Brigham Young University. The deal brings an end to a hard-fought case in which BYU initially sought billions, and Pfizer cycled through three sets of lawyers.
As Firms Grow, Who Can't Afford to Stand Still?
A recent lack of merger activity involving Washington, D.C., law firms may be only a lull. Managing partners and recruiters theorize that firms are biding their time, doing their due diligence before starting a new round of the dating game. Says one partner, "I think we're in the pre-earthquake stage. Certain offices are starting to lose talent, and at some point there's going to be a seismic shift." Which firms are most likely to merge in the coming years? Industry insiders explain their forecasts.Former Judge Helps KPMG Survive Shady Tax Shelters
Five months after retiring as chief federal judge for the Northern District of Oklahoma, after 10 years on the bench, Sven Erik Holmes Mr. Holmes was back in a federal court, without his robes, and under drastically different circumstances. This time, the U.S. Attorney in Manhattan looked on as Mr. Holmes, now the chief legal officer for KPMG LLP, signed a document to keep his company from being criminally prosecuted.Trending Stories
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