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Bondholders who bought into Washington Mutual Bank's $22 billion note offering never agreed to the proposed deal announced last month. At the time, WaMu Inc. said it didn't matter because the bondholders didn't have standing in its Chapter 11. Well, now they do.
Montgomery McCracken Raising Starting Salary to $125K
Montgomery, McCracken, Walker & Rhoads will raise the starting salary for first-year associates to $125,000, citing the "need to stay competitive for the best and the brightest," says Chairman Stephen Madva. Montgomery McCracken says it's in a growth mode and that its merger with Crawford Wilson & Ryan at the end of May would probably not be the last. The 170-lawyer firm is looking to grow to "comfortably over 200 attorneys," Madva has said.A Gibson Dunn team led by Orin Snyder has launched a personal counterattack against Paul Ceglia, who has sued client Mark Zuckerberg for half of Facebook. Using private investigators, forensic specialists, and linguistic experts, the firm paints Ceglia as a career criminal, lier, and forger.
Judge Rules in Favor of Plaintiffs' Experts in Hormone Replacement Therapy Cases
A Philadelphia judge has ruled that the scientific methodologies used by key plaintiffs' expert witnesses in the 1,500 cases pending in mass tort litigation over hormone replacement therapy are not novel and are admissible in court. Philadelphia Common Pleas Judge Sandra Mazer Moss ruled from the bench Wednesday against a defense motion that challenged the differential diagnosis methodology used by plaintiffs' expert witnesses to evaluate whether they think HRT was a substantial factor in causing a plaintiff's cancer.Persuasive Points When Advocating Use of Predictive Coding
During discovery, litigators constantly struggle with how to sift through seemingly endless volumes of electronic information generated by a few strokes of the keyboard or clicks of a mouse. Predictive coding can help, but only if attorneys know how to use it.MCI's General Counsel Is a Corporate Rescue Worker
Stasia D. Kelly, executive vice president and general counsel of MCI Inc., knows what it means to be a rescue worker. She was initially recruited to help save WorldCom, a company beset by legal and regulatory problems and one "in total chaos, complete crisis and bankruptcy," as she puts it. Beginning the long road back to stability, WorldCom moved from Mississippi and re-emerged in Virginia as MCI, which operates one of the world's largest communications network systems.Small Firm Provides Options for Companies That Don't Employ GCs
Venture capital lawyer Mike Dunn has a new gig. As a senior attorney at Phillips & Reiter, aka the Outsourced General Counsel, he's free to do what he likes best: roll up his sleeves and work side-by-side with entrepreneurs in emerging companies. The seven-attorney firm markets itself as a general counsel to companies that have ongoing legal issues but don't need a full-time in-house attorney. "I worked in big firms for 17 years," Dunn says. "It just felt like the right time to do something different."Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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