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Hunton & Williams Launches Office in Los Angeles
Richmond, Va.-based Hunton & Williams is launching a Los Angeles office by swallowing the majority of what was formerly trial boutique O'Donnell & Mortimer, a union spurred by shared client Pfizer Inc. "You cannot be a truly national firm unless you have a significant presence in California," said managing partner Walfrido Martinez. "Our hope is to build a strong presence in California, starting in Los Angeles and hopefully moving up the state." The L.A. location is the 850-lawyer firm's 18th office.Deals Are Back ... And So Are Regulators
Silicon Scene: O'Melveny's Timothy Curry and other leading Silicon Valley dealmakers say the M&A rally will continue in 2010, but antitrust scrutiny might dampen a few parties.Merrill Lynch, Investors Settle Suits
Investors accused Merrill Lynch of providing false research and investment recommendations in order to get business. Now they're receiving roughly $40 million in a settlement of three class actions.The phrase "bet-the-company case" gets thrown around a lot. But when Rosenkranz took over MGA's appeal of a sweeping injunction that turned over its billion-dollar Bratz doll franchise to Mattel, he truly did save his client from corporate extinction.
Federal Judge Denies KPMG Request for Jury Trial on Defense Fees
A federal judge Monday denied accounting firm KPMG's request for a jury trial over the issue of whether it should advance defense costs to its former employees who are now facing criminal tax fraud charges. Southern District of New York Judge Lewis A. Kaplan ruled that the employee claim was for specific performance of a contract. Thus, he said that it was equitable in nature and did not require a jury trial. As a result of the ruling, Kaplan will decide whether the employees are entitled to legal fees.Gibson Dunn Linked to Paul Wolfowitz Scandal
A report by a special committee of The World Bank Group questions Gibson, Dunn & Crutcher's review of World Bank president Paul Wolfowitz's transfer of his girlfriend to a high-paying job at the State Department. After reviewing the deal in 2005, a team from the firm concluded that the contract was "a reasonable resolution of the perceived underlying conflict of interest." But the bank concluded this week that the review was "at odds with the high degree of ... concern for the interests of" the World Bank.Gunderson Dettmer: The Survivor
Founder Robert Gunderson Jr. says the firm's narrow focus and businesslike operation saved it from becoming a Silicon Valley has-been.Options Exchanges Help to Generate Legal Work
Some big-firm lawyers are busier than others nowadays, but it's not just the bankruptcy groups getting work. Options exchanges have been a boon to benefits and executive compensation lawyers, filling a void in their workload left by the M&A lull. Baker & McKenzie's Valerie Diamond, for instance, says options exchanges -- in which companies turn underwater options into better-priced options, restricted stock or cash for the benefit of shareholders or employees -- are now taking up 70 percent of her time.Trending Stories
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