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Bar Offers Input on Proposed FASB Changes, Comment Period Ends
A proposed accounting rule that would require companies to disclose financial loss contingencies, including those from suits, is drawing criticism from the corporate defense bar.Use vs. Possession in Insider Trading Cases
SEC Rule 10b5-1 has not solved the question of liability for 'knowledge'Lawyers Wrangle Over N.J. Venue for Taiwan Magnate's $10 Billion Estate
Lawyers are preparing for battle in Essex County over whether the $10 billion estate of Taiwanese industrialist Wang Yung-Ching, who died intestate last year in his Short Hills home, should be administered in New Jersey, in whole or in part, and which law should apply.Defender Office in Jeopardy If Death Law Not Reinstated
Large Cendant Shareholder Barred From Arbitration Over Settlement
The 3rd U.S. Circuit Court of Appeals ruled a family group that owns about $120 million in Cendant Corp. stock can't opt out of the company's class action fraud settlement in an attempt to get a better deal in arbitration. The panel held that the $2.85 billion class action settlement is binding on the shareholders because they failed to follow court-mandated opt-out procedures.N.Y. Lawyers Dig Deep for Kerry
At age 80, lifelong Republican Robert Pennoyer has become a top fund-raiser for the Kerry-Edwards campaign in New York. As a lawyer, he's far from alone in political fund-raising; attorneys have given more to both parties than any professional group nationwide. And while George W. Bush snared more lawyer donations in 2000 than did Al Gore, this year attorneys have reverted to old habits, favoring the Democrats. In New York, the Kerry ticket is outdrawing its rivals by more than 2 to 1.Hogan and Lovells partners approve merger
Partners at Hogan & Hartson and Lovells signed off on their megamerger in separate votes that ended at midnight on Monday. The move is one of the last big hurdles before the two firms officially set up shop, which is planned for May 1.Trending Stories
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