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GCs Call for Greater Diversity Among Top-Tier Firms
General counsel have some advice for law firms that say they are trying to diversify their ranks by hiring minorities: Try harder. Although many firms vow that diversity is a top priority demanding committee meetings, management strategy sessions and cut-throat recruiting, few are attacking the paltry numbers. Minority attorneys make up just 9.64 percent of the total number of attorneys in the nation's largest firms, according to The National Law Journal's most recent survey.The en banc opinion in Ariad v. Lilly means academics can't get patent protection for cutting-edge research if they can't describe what their discovery does.
Ugly Racial Slurs Not Enough to Force $10M Payout for DynCorp
Divided three-judge panel upholds Virginia federal district court jury's finding that the military contractor discriminated against subcontractor Worldwide Network Services — but still overturns jury's $10 million punitive damages award.Nicolaou v. Horizon Media, Inc.
Internal Whistleblower's Claims of Retaliation Under FLSA, ERISA Are ReinstatedPaper Company Settlement Approved, But Fees Slashed
A Delaware judge approved Smurfit-Stone Container Corp.'s settlement of shareholders' lawsuits over the $5.8 billion acquisition that created the U.S.'s fourth-largest paper company last year, but slashed $550,000 out of the fee shareholder's lawyers were slated to get as part of the settlement. The judge refused to approve that fee award, saying the case was too weak to justify that amount. He added that the settlement's terms were "fair, reasonable, adequate and in the best interest of (shareholders)."The judge leapt at the opportunity to weigh in on Twombly pleading standards, taking less than four weeks to write an opinion that accepted an interlocutory appeal and--without merits briefing or oral argument--concluded the trial court could give a lot of leeway to plaintiffs alleging a price-fixing conspiracy.
After a federal judge refused to certify an economic damages class, he granted a motion to enjoin certification of a similar state court class in West Virginia. On Tuesday, despite cries of unfairness by the state court plaintiffs, the Eight Circuit upheld the injunction.
Eighteen months after U.S. District Judge Jed Rakoff set off alarm bells on Wall Street by concluding that Goldman Sachs must pay more than $20 million for clearing trades for a fraud-riddled hedge fund, an appellate panel has tepidly endorsed the ruling.
Companies Push for Flexible Schedules to Boost Women Attorneys
Law firms hoping to snag Del Monte's legal business are facing added scrutiny these days.Who can blame the Supreme Court for wanting no part of Chevron Corporation's multi-billion dollar slugfest over its predecessor's operations in the Ecuadorian Amazon? On Tuesday the high court steered clear of the toxic litigation over toxic sludge, refusing to review a ruling that limited Chevron's options for fighting an $18 billion judgment by an Ecuadorian court.
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