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Credit Suisse Wins Dismissal of MBIA's Fraud Claim
The biggest environmental crimes case in history ended in dramatic fashion Friday, when a federal jury in Montana acquitted W.R. Grace and three former executives of conspiring to cover up the release of deadly asbestos in a small mining town. The Lit Daily talks to Bernick about his closing argument, Montana, and prosecutorial misconduct.
John Beisner, the influential head of O'Melveny's class action practice, is headed to Skadden. O'Melveny has appointed Richard Goetz to replace him as leader of the practice group.
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.New York State E-Discovery Law
Mark A. Berman, a partner at Ganfer & Shore, writes that counsel and parties need to ensure that electronically stored information is properly preserved. A demonstration of willful spoliation will no doubt result in severe sanctions. But, what will inevitably become increasingly common are applications predicated upon negligent spoliation resulting from inadvertent destruction or loss or from routine document retention policies.After a court battle that lasted half a decade, Sears may finally be free of allegations that it should have disclosed talks leading up to its merger with Kmart before the deal was announced in late 2004.
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