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General Electric and Mitsubishi Heavy Industries are mired in at least a half-a-dozen patent and antitrust battles around the country. With another win for GE's lawyers at Weil, Gotshal & Manges in the wind power war, Mitsubishi seems to be stuck in the doldrums.
The legend of Richard Scruggs: more myth than fact
The job of deciding whether to approve the Securities and Exchange Commission's proposed $285 million settlement with Citigroup could have fallen to any number of federal judges in Manhattan. That the case wound up before Judge Jed Rakoff, who only very, very grudgingly approved previous SEC settlements with the likes of Bank of America, tickled no one more than the judge himself. At the start of a standing-room-only hearing on the settlement in Judge Rakoff's Manhattan courtroom Wednesday, he said he was reminded of Humphrey Bogart's line in Casablanca: "Of all the gin joints in all the towns in all the world, she walks into mine."
D.C. Firms View China With Caution
Dozens of U.S. firms have swept into the Chinese market in recent years -- 39 of the largest 250 U.S. firms have offices in Shanghai, Beijing or Hong Kong. But Washington, D.C., firms have been late to the game, with some justification. Most of the law firm money to be made stems from burgeoning corporate activity -- foreign investment, IPOs and mergers and acquisitions -- which is largely the province of big firms in New York and L.A. Still, China won't be ignored -- there's just too much money at stake.We called Mendelsohn after reading about a newly disclosed, eight-country probe of four pharmaceutical companies and noting the rapid upward spiral of recent FCPA settlements. His prediction: FCPA defense is only going to get hotter.
U.S. District Judge Sidney Stein in Manhattan granted final approved to Citigroup Inc.'s $590 million settlement with shareholders on Thursday, but not without slashing a $100 million fee request submitted by plaintiffs lawyers at Kirby McInerney.
Revisiting Rule on Trustee Standing
A S THE "New Economy" bubble bursts and a fresh batch of high-profile corporations are forced to seek bankruptcy protection, increased scrutiny is brought to bear on debtor corporations by everyone from investors and creditors to the media and government agencies charged with monitoring corporate practices. When corporate irregularities are revealed, a bankruptcy trustee is often appointed, vested with statutory authority to pursue those causes of action belonging to the debtor corporation`s bankruptcy estaWill Barry Berke of Kramer Levin Naftalis & Frankel help stymie the ever-widening insider trading probe of the hedge fund SAC Capital Advisors? Or will Berke's client be just another step up the ladder for prosecutors determined to nab the fund's billionaire founder, Steven Cohen?
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