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$3 Million Verdict Reinstated for Real Estate Brokerage That Sued Its Lawyer, Insurer
The Pennsylvania Superior Court has reversed a Philadelphia judge's decision to toss out a $3 million verdict awarded to a real estate brokerage that sued its insurer and lawyer after it was hit with an $11.4 million verdict in a defamation suit. The Superior Court panel, which found that the judge had no basis for overturning the jury's awards, noted that trial testimony showed that the lawyer engaged in questionable conduct during the litigation, including reading golf magazines during depositions.Lockheed Securities Settlement Follows Assault on Robbins Geller
Take note, securities litigators: Washington is a "demand futility" state, according to an opinion issued by the state's supreme court Thursday. That, of course, means that in derivative litigation, shareholders are not required to make a demand on the board to bring litigation on behalf of the company when such a demand would be futile.
The ruling is as exhaustive a study of Twombly as we've ever seen. In the end, it gives both the small team of plaintiffs lawyers and the veritable defense army in the case something to cheer about.
Number of lawyers who won't be part of Hogan Lovells passes one hundred
The pace of departures is picking up as the May 1 merger of Washington-based Hogan & Hartson and London-based Lovells approaches. Tuesday's announcement that Lovells will shutter its 17-lawyer Chicago office marked the latest in a series of lawyers-leaving announcements ahead of the launch of Hogan Lovells.Making Progress on Food Safety in China
China's alarming food scandals have prompted multinationals to ensure the safety of supply chains. But recently there have been signs of progress.Texas Two-Step: Giuliani and Houston's Bracewell Learn the Politics of Dancing
When Houston's Bracewell & Patterson hired Rudolph Giuliani as partner two years ago, they got a real catch who would bring instant name recognition to the firm's fledgling New York office. In return, Giuliani got a pile of cash, an easy job and partners with ties to Texas Republicans. But politics can test the best of unions. In recent months the political spotlight has become increasingly uncomfortable for the former New York City mayor, the firm -- now known as Bracewell & Giuliani -- and its clients.Trending Stories
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