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Microtune gave regulators and auditors the report on Andrews Kurth's internal investigation of its options backdating practices. So executives for a pair of former executives charged by the SEC said they should get to see it as well. And despite Microtune's claims of privilege, a Texas judge agreed.
Morrison & Foerster Lowers California Starting Pay
Morrison & Foerster said Monday it will pay incoming associates $145,000 in offices outside of New York and Asia, making it one of the first firms to publicly state it won't pay California first-year associates as much as those in the Big Apple. MoFo Chairman Keith Wetmore said salaries aren't likely to fall further. The announced salaries are not set in stone, a firm statement said, noting that the firm "may elect to adjust as required based on larger market developments."Judge drops thousands of anonymous alleged porn downloaders from suits
In a major blow to sweeping infringement suits over alleged illegal file-sharing of pornographic films, a federal judge effectively dismissed claims against thousands of defendants.A British court handed down a ruling in favor of billionaire brothers Sir Frederick and Sir David Barclay dismissing a suit brought by well-known Irish real estate developer Patrick McKillen. The decision capped a five-month trial to settle a power struggle over three of London's most famous and expensive hotels.
Dewey Matches Market for Bonuses, Keeps Lockstep
Dewey & LeBoeuf has sent out a memo informing U.S. associates that they'll be paid bonuses that match this year's market rate. (Bonuses range from $7,500 for first year associates to $30,000 for senior associates; these rates were set by Cravath, Swaine & Moore in November.) Interestingly, despite following the market on bonuses, the firm appears to be bucking another trend. A Dewey representative confirmed that the firm has no immediate plans to review its lockstep system of compensation for associates.Paul Ceglia's lawyers keep abandoning his suit against Facebook and Mark Zuckerberg, in which Ceglia claims a 84 percent stake in the social networking giant. Now he may have lost his most crucial purported evidence as well.
Departures Leave D.C. Firm in Taxing Situation
An exodus of sorts is taking place at Miller & Chevalier, one that has the 100-lawyer Washington, D.C., firm taking a hard look at its future. Known primarily as a tax boutique, the firm has seen roughly 15 partners sprint away in the past 12 months, including a virtual meltdown of its international trade practice. "We still have a center of lawyers that you must have to build a law firm around," says managing partner Marianna Dyson. "But we know we're a David in a field of Goliaths."Trending Stories
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