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Dechert Sued Over 'Counsel' Role in Dreier Loan Deal
Fortress Investment Group has sued Dechert, claiming the law firm issued an "utterly false legal opinion letter" that was used by ex-attorney Marc Dreier in his scheme to defraud the private equity firm. Fortress, which manages $32 billion in assets, is seeking more than $50 million in compensatory damages as well as punitive damages for Dechert's "egregious misconduct." The suit also claims fraud, negligent misrepresentation, legal malpractice, negligence and breach of fiduciary duty.Hunton Continues the Stampede to L.A.
Richmond, Va. based Hunton & Williams becomes the latest in a string of firms to set up shop in Los Angeles.Retrial on Tap for Former Brocade CEO Reyes Over Stock Option Backdating
Gregory Reyes isn't out of legal trouble yet. Federal prosecutors have decided to retry him for securities fraud related to stock option backdating, say three lawyers familiar with the matter. A jury convicted the former Brocade CEO in 2007, but the 9th Circuit threw out the verdict this year, citing deliberate misstatements on the part of prosecutors. Before the 9th Circuit weighed in, Reyes was the government's biggest catch in its anti-backdating efforts.American Airlines and US Airways are pushing back hard against the U.S. Department of Justice, filing court papers blasting the government’s bid to block their pending $11 billion merger.
Peterson's Latest Switch Opens Doors to Ohio Firm
The 34-lawyer Peck, Shaffer & Williams, headquartered in Cincinnati, opened its doors at the Atlanta Financial Center earlier this month with longtime Atlanta lawyer Jerry G. Peterson as its sole local partner. Peterson, who left a partnership at Smith, Gambrell & Russell for his new firm, focuses his practice on municipal bonds, securities and taxation for public sector clients.Why Boeing, IBM and Coke Hold the Keys to Delta
If US Airways Group CEO Doug Parker wants his plan to buy Delta Air Lines to succeed, he's going to have to convince the likes of Boeing, the Coca-Cola Co. and IBM that it's a good idea. Parker on Wednesday made public a letter he sent to Delta CEO Gerald Grinstein that included an $8 billion buy offer. Grinstein wasn't interested in Parker's previous offer and didn't seem interested in this one. But if Parker can get Delta's unsecured creditors interested, Grinstein might have a harder time refusing.Many Candidates, Few Lawyers: Specialists Hard to Come By
When Sen. John Kerry set out to hire a lawyer for his 2004 presidential campaign, he turned to Democratic election maven Robert Bauer. So did Sen. Joseph Lieberman. In fact, Rep. Richard Gephardt chose Bauer's firm as well. And Bauer, a partner in the D.C. office of Perkins Coie, turns out not to be the only lawyer who represents three Democratic presidential aspirants as the 2004 race begins to heat up. Chalk it up to the fact that relatively few lawyers specialize in the arcane area of election law.Trending Stories
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