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October 26, 2000 | Law.com

Former IPO Client Sues Credit Suisse First Boston

RDO Equipment sued its former investment adviser and underwriter, Credit Suisse First Boston in District Court in North Dakota, accusing CFSB of breaching its fiduciary duty to the company in a deal involving CSFB's private equity arm. It also alleges that, through a venture involving John Deere, a direct competitor of RDO, CSFB is guilty of unfair trade practices and has broken antitrust laws.
3 minute read
September 17, 2009 | Law.com

K&L Gates Grabs One-Fourth of Kelley Drye's Chicago Lawyers

K&L Gates' new Chicago office has lured its first group of Chicago laterals, cutting Kelley Drye's head count in that city by about one-fourth. Making the move: partners David Rammelt and Susan Greenspon, one counsel and three associates. Rammelt and Greenspon said they made the move principally because of their clients' growing need for a firm with a broader international reach, especially in Europe and Asia, and because K&L Gates is more comfortable with alternative fee arrangements.
3 minute read
May 03, 2005 | Law.com

Forum Shopping Alleged in Chapter 11 Cases

The increase of big corporations filing bankruptcy reorganization cases in either Delaware or New York, no matter where the headquarters are, has rekindled allegations that a forum-shopping war between the states includes bankruptcy judges engaging in unseemly competition for cases. "There is a legitimate question, if it is corrupt competition," says UCLA law professor Lynn LoPucki. His recently released book makes the same controversial assertion, and that has the bankruptcy bar steamed.
10 minute read
January 14, 2002 | New York Law Journal

Squadron Ellenoff To Merge With

WASHINGTON, D.C.`s Hogan & Hartson has agreed to acquire 104-lawyer, New York-based Squadron Ellenoff Plesent & Sheinfeld in a deal expected to become effective at the end of February.
5 minute read
April 04, 2006 | Law.com

HealthSouth Coughs Up Healthy Profits for Attorneys

HealthSouth Corp. is boosting lots of lawyers' incomes. The Birmingham, Ala., company expects to pay a total of about $147 million in legal fees for litigation expenses incurred since federal prosecutors launched a fraud case against the company and its founder and former CEO in 2003, according to the company's annual report filed last week. That figure does not include salaries paid to the in-house law department.
5 minute read
November 26, 2003 | Law.com

Enron Examiner Questions Company's Counsel

Did Enron Corp.'s in-house and outside counsel willfully ignore signs that all was not right in the company's executive suite or did they just fail to notice altogether? Those are among the possibilities raised in Enron examiner Neal Batson's final report, particularly a 247-page appendix devoted to the role played by Enron's lawyers in the sham financial transactions that ultimately led to the company's collapse.
5 minute read
June 09, 2005 | Law.com

Solutia, Monsanto Reach Accord

After 18 months in bankruptcy and nearly eight years after its spin-off, Solutia Inc. has reached a truce with former parent Monsanto Co. and its unsecured creditors. Under an agreement announced Tuesday, Solutia would offer $250 million in new stock to unsecured creditors in a rights offering backstopped by Monsanto. The St. Louis-based agricultural biotechnology company and unsecured creditors would split the rest of the stock of a reorganized Solutia.
4 minute read
July 24, 2008 | Law.com

New Suits Over Recalled Drugs May Target China

Plaintiffs attorneys say a recent surge in lawsuits involving two recalled drugs, generic blood thinner heparin and prescription medication Digitek, could signal a clean break from past actions that were far less successful against Vioxx and Paxil. The heparin suits are the first to be brought against a manufacturer with ties to China, which has been linked in litigation to dangerous products such as toys, pet food and toothpaste. But some say the recent drug lawsuits aren't all easy to swallow.
9 minute read
August 19, 2002 | The Legal Intelligencer

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The first state action seeking to hold the paint industry accountable for health hazards caused by lead paint used decades ago is about to go to trial.
5 minute read
January 31, 2001 | Law.com

The Troops Disperse

When Los Angeles-based Troop Steuber Pasich Reddick & Tobey started shopping for a merger mate last summer, it quickly became clear that not every lawyer would land in the same place. But nobody foresaw that Troop, once a powerful entertainment firm that closed for business on January 1, would splinter into as many pieces as it has. And the splintering may not be over yet.
4 minute read

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