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WorldCom's SEC Penalty Approved
U.S. Bankruptcy Judge Arthur Gonzalez on Wednesday approved a $750 million settlement between WorldCom Inc. and the Securities and Exchange Commission that resolves a historic civil fraud suit and breaks new ground in bankruptcy law.Statute of Limitations Issue Sent to Arbitrator
A recent state court ruling helped define under what conditions an arbitrator rather than a judge must determine whether the statute of limitations has expired in a dispute arising from a contract with an arbitration clause.Beantown's Real Estate Boom Has Firms Jumping
Law firms are cashing in on Boston's robust commercial and development market and adding real estate attorneys to collect the spoils. The building frenzy, coupled with brisk sales of high-rise buildings, is boosting revenue at the city's legal real estate strongholds. Elliot Surkin, the managing partner of DLA Piper's Boston office, says low office vacancy rates are driving the building surge. "We don't go home anymore, nobody has a family; we're very, very busy," Surkin quipped.Trending Stories
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