0 results for 'Paul Weiss'
Mets Fan Strikes Out in Bid to Sue Team, MLB in Broken Bat
A New York Mets fan's lawsuit over a broken bat that flew into his face was thrown out last week, with a judge rejecting his argument that the team and Major League Baseball should have done more to safeguard spectators from break-prone maple bats.Big-firm Summer Associate Hiring Up
Flush with record profits, some of the country's largest law firms are hiring summer associates in record numbers. Take New York's Debevoise & Plimpton. It nearly doubled the size of its program this year, to 98 from 51. It's hardly alone. A number of large firms have summer associate classes of more than 160 students.Victims of convicted Ponzi schemer R. Allen Stanford finally got some good news Monday when their class claims against law firms and other advisors accused of aiding in the multibillion dollar fraud were restored. And that's bad news for the primary targets of the litigation, which include Proskauer Rose, Chadbourne & Parke, and Adams & Reese.
IP Rights in Joint Development Projects
Companies involved in joint development projects often agree to joint ownership of the intellectual property rights in the technology without appreciating the legal consequences of that decision. The law applicable to joint owners could cause results that the parties never intended and would prefer to avoid. This article identifies the potential pitfalls and alternatives to joint ownership and suggests appropriate contractual provisions for a joint ownership arrangement.Fraud Claim Against Milbank Dismissed
Milbank, Tweed, Hadley & McCloy conceded its liability for the dismissal of a client's claim in Bankruptcy Court because of the actions of its former partner, but it will not be held liable for punitive or treble damages, a New York state judge ruled. John G. Gellene was representing the South Street Funds on a claim it asserted in a bankruptcy. Gellene received documents sought in discovery, but never provided them to the bankruptcy trustee.Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.
Last March the Second Circuit seemed poised to dismiss Judge Jed Rakoff's rationale for scuttling Citigroup's $285 million settlement with the Securities and Exchange Commission. Citi and the SEC should be feeling much less confident now.
Are Meet-and-Confer Efforts Doing More Harm Than Good?
Two recent surveys suggest that meet-and-confers may lead to a delay and an increase in e-discovery disputes between parties, observe attorneys H. Christopher Boehning and Daniel J. Toal.Retirement of One of America's Most Influential Judges Spurs Rumor Mill on Replacement
The Delaware legal community is abuzz with speculation about a replacement for Chancellor William B. Chandler III, who announced his retirement earlier this week.Trending Stories
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