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July 18, 2011 | Texas Lawyer

Appellate Lawyer of the Week: A Lawyer's Best Efforts

Broomfield, Colo.-based McData Services Corp. has 14 million reasons to thank its lawyer. On July 11, the 5th U.S. Circuit Court of Appeals reversed a $14 million judgment against McData Services and remanded the case to the trial court with instructions to reach a judgment in favor of McData and not to "reach other issues."
3 minute read
August 08, 2011 | Texas Lawyer

Newsmakers

3 minute read
May 02, 2011 | Daily Report Online

Spring Bonuses Pop Up at V&E, Akin Gump

Everything's coming up green for associates and counsel at Vinson Elkins and Akin Gump Strauss Hauer Feld.Both BigTex firms, following a market move by many large New York City firms, will pay spring bonuses in May to associates and counsel who received 2010 year-end bonuses. Neither Texas firm has paid spring bonuses before.
5 minute read
WaMu Shareholders Settle, Agree to $7 Billion Bankruptcy Exit Plan
Publication Date: 2011-12-13
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Three months ago a Delaware bankruptcy judge rejected WaMu's Chapter 11 reorganization plan, finding that WaMu's equity committee had a "colorable claim" that hedge fund noteholders had traded on inside information in the run-up to last year's $7 billion settlement between WaMu's estate, JPMorgan Chase, and the FDIC. That finding, according to equity committee counsel Edgar Sargent of Susman Godfrey, helped spur the committee to finally sign off on an amended reorganization plan Monday as part of a settlement with the bankrupt WaMu estate.

June 27, 2013 | New York Law Journal

Flagstar to Pay $105M to Settle Assured Suit

Due to quirks of timing and judicial assignment, Assured Guaranty Municipal Corp.'s lawsuit against Flagstar Bancorp Inc. turned into one of the most high-profile cases in the sprawling litigation over mortgage-backed securities. Now it's come to a somewhat anticlimactic end.
3 minute read
October 04, 2007 | Law.com

Philadelphia Judge Awards Wal-Mart Workers $62M More

A Philadelphia judge has awarded an additional $62 million in statutory liquidated damages to 124,506 current and former Pennsylvania employees of retail titan Wal-Mart who a Philadelphia jury found were not properly compensated for off-the-clock work and missed rest breaks. The common pleas court judge awarded the liquidated damages to those eligible plaintiffs who worked after Jan. 1, 2002; the jury had previously awarded the entire class of 186,000 plaintiffs $78.5 million in compensatory damages.
6 minute read
June 23, 2010 | National Law Journal

Judge sides with plaintiffs on deposing executives in Toyota MDL

A federal judge tentatively ruled on Wednesday against Toyota Motor Corp. on a key discovery request, refusing to delay depositions of company executives in the multidistrict litigation over sudden, uncontrolled acceleration.
6 minute read
July 25, 2007 | Texas Lawyer

Bracewell & Giuliani First- and Second-Years Seeing Green

First- and second-year associates at Bracewell & Giuliani will receive pay increases effective Aug. 1, a firm spokeswoman has announced. She says the firm, which is offering raises to first- and second-year associates in all seven of its U.S. offices, is still evaluating how to structure raises for third- through eighth-year associates.
3 minute read
October 11, 2006 | The Legal Intelligencer

Closings Heard in Wal-Mart Break-Time Class Action

A Philadelphia jury heard closing arguments yesterday in the Pennsylvania incarnation of a series of class actions across the country that claim Wal-Mart failed to compensate workers for missed meal and rest breaks.
4 minute read
Flagstar to Pay $105 Million to Settle Assured's MBS Claims
Publication Date: 2013-06-24
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A win for Assured's lawyers at Susman Godfrey, the settlement is close to the amount that Judge Jed Rakoff ordered Flagstar to pay in the case, the first by a monoline insurer against a mortgage-backed securities issuer to go to trial.

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