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Orrick Joins Firms Suing S.F. Over Payroll Tax on Partner Profits
Small-Town Mayor Runs Afoul of SEC
The Securities and Exchange Commission continues to cast its insider trading nets, and on July 16 it caught the mayor of a small South Carolina seaside city. SEC lawyers in San Francisco accuse William Rauch, mayor of Beaufort, S.C., of buying up shares of Alameda biotech company Advanced Cell Technology Inc. ahead of a 2006 public announcement that sent the stock price up from 40 cents a share to $1.83 before settling at 96 cents.Judge Lifts Sanctions Over Qualcomm Discovery Scandal
The sanctions in the Qualcomm discovery scandal that helped destroy Day Casebeer Madrid & Batchelder, as well as the careers of several lawyers, have been lifted. In an order entered late Monday, Federal Magistrate Judge Barbara Major said it was "undisputed" that Qualcomm improperly withheld tens of thousands of documents from Broadcom. However, she wrote, "there is insufficient evidence to prove that any of the responding attorneys engaged in the requisite 'bad faith.'"Princeton, Sued for Alleged Misuse Of Trust Funds, Gives a Little Back
Princeton University, facing liabilities of over half a billion dollars for alleged misuse of trust funds, makes a small concession by announcing it will return $782,375 to a charitable foundation.Judge allows Orrick to fire MGA over unpaid bills
A federal judge has granted Orrick, Herrington & Sutcliffe's motion to withdraw from representing MGA Entertainment Inc., maker of the Bratz doll, in its copyright dispute with Mattel Inc.Rock Bottom Returns to California
If there are any lingering questions over why the San Francisco Bay Area's largest law firms saw revenues drop last year, look no farther than their idled corporate lawyers. Firms with significant M&A practices had a hand in 375 M&A deals in 2002, a 53 percent plunge from the previous year's 801 deals. And unlike in years past, IPOs were no help at all.Trending Stories
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