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Lateral Market Heats Up as Partner Pay Gap Widens
Consultant Ward Bower discusses partner pay and the hiring frenzy, including the growing gap between the highest- and lowest-paid partners and how the bonus season fuels lateral jumps.
O'Melveny and New York's O'Sullivan Plan to Merge
Los Angeles-based O'Melveny & Myers and New York's O'Sullivan firm have signed a letter of intent to merge -- potentially boosting O'Melveny's New York presence while further shrinking the roster of midsize New York firms. The merger is subject to the approval of the two firms' partnerships, who are due to vote by the end of July. If approved, as both firms' chairmen predict, the combination will be effective by September.Is Equal-Splenda Settlement Dissolving?
New drama is unfolding in the high-stakes battle between the makers of Equal and Splenda with a court filing Thursday that suggests their recent settlement may be dissolving. Equal's maker, Merisant, claims that Splenda's maker, McNeil Nutritionals, is breaching the confidential agreement struck last month when it became clear that a jury was set to return a verdict in Merisant's favor. Merisant is asking a judge to order "specific performance" of the settlement or to lift the order that dismissed the case.The Churn: Lateral Moves and Promotions in The Am Law 200
Dean Witter Loses In Attempt to Kill Investors' Suit
A securities fraud suit by investors against Dean Witter Reynolds can go forward if the investors can prove they did not have enough information to file the case until after the Sarbanes-Oxley corporate responsibility law went into effect in 2002.Sour Suit Starts in Philadelphia Federal Court Over Splenda's Sweetness
The makers of Splenda set out to mislead consumers with an advertising slogan, "made from sugar so it tastes like sugar," that falsely suggests the product is natural, a lawyer for its chief rival told a federal court jury Tuesday. Merisant, the manufacturer of Equal, seeks more than $205 million in damages as well as a court order forcing Splenda to change its ads and packaging. Splenda's lawyer told the jury that Merisant filed the suit only because Splenda was overtaking it in the marketplace.Trending Stories
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