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Law Schools Offering More Courses for In-House Careers
Law schools nationwide are beginning to offer courses that prepare students for in-house careers—often by serving up real-life challenges.The Bankruptcy Files: A Bad Month for Big Shippers
In at least two ways, Motorola Mobility's new patent infringement suit against TiVo is deja vu all over again. First, it involves the much-disputed TiVo DVR Time Warp patent, which the PTO upheld last October. And second, Motorola sued TiVo under threat of an indemnity claim by one of its customers--just as Microsoft did a year ago.
Crowell enters Cairo, Saudi Arabia
Crowell & Moring has launched an affiliate office in Cairo and has formed an alliance with another law firm in Saudi Arabia.Sonnenschein Announces Merit-Based Compensation Plan
Sonnenschein, Nath & Rosenthal announced on Tuesday a plan to move away from lockstep compensation for associates, and in its decision -- and others -- we are beginning to see a new consensus emerge on how exactly firms believe a merit-based system should be structured. Sonnenschein's plan will involve a three-tier system in which associates will advance once they meet various merit-based criteria, including "written and verbal communication, strategic thinking, organization, and other components of legal excellence."The Securities & Exchange Commission may still be hoping for a diplomatic solution to the tricky problem of obtaining audit records for Chinese companies, but that didn't stop the agency from turning up the heat on Monday with a case targeting the Big Four accounting firms and BDO Seidman.
Breakup fees protect stalking horse bidders
The stalking horse bidder should be mindful of the risks involved in a bankruptcy sale, because courts routinely deny requests for breakup fees, leaving the stalking horse bidder's investment at risk, according to attorneys Craig Rasile and Rachel Nanes.Vitesse agreed to pay $3 million to settle SEC options backdating and accounting allegations; RAE is getting out from under FCPA allegations for $2.9 million.
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