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Cite as: Iowa Public Employees' Retirement System v. Merrill Lynch, Inc. 09-3919-Cv, NYLJ 1202472076104, at *1 (2nd Cir., September 14, 2010)Before: Jacobs, Ch.
Class Certification Overturned in Enron Shareholder Suit
Plaintiffs lawyer Bill Lerach says that Enron shareholders will ask the Supreme Court to review a March 19 opinion from the 5th U.S. Circuit Court of Appeals that put the brakes on the trial in Mark Newby, et al. v. Enron Corp., which was set to begin on April 16 in U.S. District Judge Melinda Harmon's Houston court.Miers included in NLJ's 'Most influential lawyers'
In his speech announcing the nomination of Harriet Miers to the Supreme Court, President George W. Bush said, "She's been a leader in the American Bar Association and has been recognized by The National Law Journal as one of the most powerful attorneys in America." Here are the 100 most influential lawyers listed in that issue.When Non-Clients Sue Professionals for Negligence
Karen Y. Bitar and Adam D. Cole, shareholders in Greenberg Traurig, review a recent First Department decision where the closely-divided panel determined that an engineering company that provided faulty mechanical specifications to its client, a condominium sponsor, to be incorporated into an offering plan, owed no duty to third parties who relied on the information in purchasing condominiums. The case has been appealed to the Court of Appeals, and may ultimately prove influential in a number of existing lawsuits against accountants and other professionals in which private feeder and hedge fund investors allege they were induced to purchase or hold investments relying on negligent audits and other misrepresentations.New Deals: Lawyers on Major Transactions
In a deal valued at about $650 million, New York-based media conglomerate Viacom Inc., whose assets include television networks CBS, UPN, MTV and Nickelodeon, as well as the Showtime cable network, video rental powerhouse Blockbuster and publisher Simon & Schuster, announced last week that it had reached an agreement to purchase Los Angeles television station KCAL-TV from New York`s Young Broadcasting Inc. The acquisition of KCAL gives Viacom two owned and operated television stations in Los Angeles,The case of Linda Grant Williams—the former Big Law partner who picked a fight with Wall Street titans—has been bouncing around the courts for five years. Fortunately for Williams, this week a New York appellate court refused to give the litigation another bounce in the banks' favor.
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