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Civil Actions in Question Following Dismissal of Broadcom Criminal Charges
Stock options backdating lawsuits filed by shareholders against Broadcom Corp. face an uncertain future now that a federal judge has thrown out the government's criminal case against two of the company's former executives. Civil claims remain pending against Broadcom co-founders Henry Nicholas and Henry Samueli, as well as former CFO William Ruehle and former GC David Dull. The shareholder cases -- a derivative lawsuit and a class action -- are pending before a judge in Los Angeles.The Churn: Lateral Moves and Promotions in The Am Law 200
A former U.S. ambassador to Australia and Japan is now with Akin Gump; two partners return to Foley & Lardner after running their own boutique in Palo Alto; and Sidley Austin finds a new global coordinator for its international arbitration practice.Civil Joint Co-Defendants' Communications Ruled Privileged
The attorney-client privilege protects communications between parties in a civil case who are engaged in a joint defense effort, a Philadelphia judge has ruled.Law Firms Battle for Real Estate Investment Trust Specialists
In the fast-growing, highly lucrative arena of real estate investment trusts, competition among law firms for established REIT practices is cutthroat -- and turnabout is fair play. Six weeks after its REIT practice was decimated by the departure of a 10-lawyer team from its Raleigh office, Alston & Bird earlier this month attempted to raid seven REIT practitioners from Morris, Manning & Martin. The firm netted two people -- but the intervening action may require a scorecard to figure out.D.C. firms sit out merger mania. But for how long?
All's quiet on the merger front for the time being in the nation's capital, but that could soon change. Here's a look at which D.C.-based firms are poised for a merger in the current market.Milan lost an estimated $100 million in a complex interest rate swap deal that it made with four banks in the run-up to the financial crisis. But the city fought back, becoming among the first municipalities to file criminal fraud charges against the banks under an Italian law that lets prosecutors file quasi-criminal charges against companies and their managers.
Sheila Birnbaum and Mark Cheffo made the big switch on Tuesday, becoming the latest high-profile additions to Quinn Emanuel's ever-growing roster of litigators.
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