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The fledgling investment fund Teza Technologies isn't exactly off to a promising start. First one of its employees was accused of stealing codes from Goldman Sachs's trading operations. Then Citadel sued, claiming that three Teza execs who once worked for Citadel breached their noncompete agreements. On Friday, in a motion to dismiss, Teza called those allegations entirely unfounded. Why? Because Teza, which hasn't begun operations, isn't yet competing with Citadel.
Few Barn-Burner Cases at the High Court This Term
On Oct. 6, the U.S. Supreme Court again opens for business with a low-key docket that may, with few exceptions, stay that way.Will the Corporate Model Backfire on Greenberg?
With revenues up by more than 880 percent from 1996, it's understandable that Greenberg Traurig touts its business model of running like a closely held corporation. But in the wake of the firm paying millions in fines and settlements triggered by partners' imbroglios, many former Greenberg lawyers say the same qualities that yield great financial rewards -- an emphasis on profit, growth and a bureaucracy-free culture -- have allowed rogue lawyers and lobbyists like Jack Abramoff to join the firm and thrive.Apple's lawyers at WilmerHale have claimed that Nokia manipulated industry standards-setting groups to assure cell phone makers would have to use Nokia technology. Hmm. Where have we heard that before?
2003 NYLJ 100 Largest Law Offices
By most accounts, it has turned into a good year for New York's law offices. Buttressed by a booming economy that enjoyed 7.2 percent GDP growth in the third quarter, 57 of the 102 offices listed in the NYLJ 100 expanded in 2003. Track all the gains and losses in this annual report from the New York Law Journal Magazine.Las Vegas may be a tough town on gamblers, but jurors there appear bent on showering plaintiffs with winnings in litigation over a hepatitis C outbreak tied to packaging of the sedative propofol.
Dealing a blow to defense counsel at Skadden, the court resurrected shareholder derivative claims that Baxter's board cost the company at least $550 million by failing to address chronic problems with its Colleague line of infusion pumps.
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