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Longtop CFO Loses Bid to Dodge Securities Class Action
Publication Date: 2012-07-02 Practice Area: Industry: Court: Judge: Attorneys: For plaintiff: For defendant: Case number:
Longtop Financial Technologies, the Chinese company whose fortunes were upended last year by a billion-dollar accounting scandal, has yet to file an appearance in federal multidistrict litigation accusing it of massive securities fraud. After reading the most recent opinion in the case, we can understand why Longtop might be avoiding U.S. courts.
Wilson Sonsini Helps Crank Up the Volume on Dolby's IPO
The sound of a single stockholder unloading 17 million shares reverberated in the ears of Wilson Sonsini Goodrich & Rosati partner Thomas DeFilipps on the floor of the New York Stock Exchange for the closing bell -- heard anew in surround sound -- on the first day of Dolby's IPO. Dolby's public launch was no ordinary tech company offering. One challenge was deciding how the IP of Ray Dolby, the company's founder and for many years its only stockholder, would be transferred to the company.EEOC: Kelley Drye Compensation System Discriminates Against Older Partners
The Equal Employment Opportunity Commission sued Kelley Drye & Warren on Thursday for its use of a compensation system the agency claims discriminates against attorneys based on age. The EEOC claims Kelley Drye discriminated against labor and employment partner Eugene D'Ablemont, 79, and other partners by forcing them to give up their equity at 70 and earn less than younger attorneys in the firm with similar collections and billings. Kelley Drye's managing partner said the firm does not believe the suit has any merit.
N.Y. Summer Associates' Buildable Hours
New York summer associates expect to roll up their sleeves and work, but this year, they might actually be strapping on tool belts and donning hard hats -- to help Habitat for Humanity build a new home for a low-income family. As explained by Latham & Watkins' Elizabeth L. Flanagan and Roger S. Goldman to representatives of 27 New York firms last week, "Buildable Hours" is the ideal summer associate project.
3 Essential Non-Technical Skills to Advance Your IT Career
There are three overlooked and underappreciated non-technical skills you must develop to advance from a pure technologist role to a senior IT member of your organization, says consultant David Otte.Superfund defies a call to clean up GE claims toxic threat from Superfund orders
Next month, General Electric Co. will try to convince a federal appeals court to put limits on the U.S. government's most powerful legal prod to push corporations to clean up toxic waste sites.Trending Stories
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