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High Court to Launch Term With Bunch of Business Cases
How a Global 100 Firm Became a Profit Powerhouse
Organizationally speaking, Slaughter and May is a dinosaur, with lockstep compensation and consolidated foreign offices. But had the Tyrannosaurus rex thrived like Slaughter, it might have lasted a few more million years. According to the Am Law Global 100 survey, Slaughter is one of the 10 most profitable firms in the world, topping its U.K. competitors and trailing only the highest-earning Wall Street players. Two reasons for its success: a focus on high-end mergers and a network of independent firms."I know it sounds kind of bad to say, but hospitals, they make money on our bad habits," said Altria lawyer Diane Sullivan in her summation to the jury. "There were no smokers who will get any money from this lawsuit."
Power Company Calpine Files Year's Largest Bankruptcy
Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.Lawsuits claim retailers and grocery chains sold 'organic' milk that wasn't really organic
SEATTLE AP - Some of the nation's largest retailers and grocery chains sold milk labeled "organic" that was not truly organic, recently filed lawsuits allege.The federal complaints focus on the sale of milk from Boulder, Colo.-based Aurora Organic Dairy, which recently agreed to change its practices after the U.Trending Stories
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