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Big Bankruptcies' Big Fees Raising Questions
The Chapter 11 cases of copper mining company Asarco and casino operator Station Casinos have been a gold mine for bankruptcy lawyers. Baker Botts broke the $100 million billable mark in the five-year-old Asarco case last August, and the legal bills in the seven-month-old Station Casinos case are approaching $20 million for a dozen law firms. But future fees might not be paid out so easily, now that the bills have come under increasing scrutiny.DOMA Ruling Looms Large in Fight Over Excluding Gays From Juries
Abbott Labs and SmithKline Beecham, fighting about whether SmithKline deserves a new trial on its licensing and antitrust claims over the HIV medication Norvir, have focused on Abbott's peremptory strike of a juror who briefly mentioned he has a same-sex partner.L.A. Lawyers Enjoy Downtown Bounty
Development projects in downtown Los Angeles have been keeping local lawyers busy with real estate and financing contracts.Look Who's Hiring!: BigLaw Is Laying Off, But These Guys Buck the Trend
Companies With Backdating Troubles Are Paying Astronomical Legal Fees
Perhaps no corporate scandal of recent years has created such wide-ranging troubles as the stock option backdating mess. Even if companies clean house, the disgraced executives can and do insist that their former employers keep paying their high-priced lawyers, thanks to indemnification contracts. According to securities filings, Mercury Interactive has spent $72 million on legal fees, KLA-Tencor has spent $36.8 million and Monster has shelled out $32 million. For Brocade, fees could reach $100 million.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
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