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January 22, 2009 |

Law Firm Partnership Law

Arthur J. Ciampi, managing member of Ciampi LLC, writes: The difficult economy has caused numerous law firms to take drastic measures to improve performance and, in some cases, to ensure survival. When faced with poor financial results or even possible dissolution, many law firms consider combining with a stronger "partner" in the hope that synergies will develop which are beneficial to both firms. In addition, some firms will seek to hire productive groups from law firms that are having financial difficulty. Their ultimate business sense or immediate financial success aside, these transactions may result in unintended consequences.
8 minute read
September 16, 2005 |

Flawed Fund Failed with Tech Economy

John Torkelsen raised money for his tech-oriented venture fund from lawyers he testified for, but investigators say there were shady practices involved. When the dot-com boom went bust, so did all that
9 minute read
August 14, 2006 |

In re Cendant Corporation Securities Litigation

Lengthy recitation of facts and procedural history prevents an order from serving as a separate document within the meaning of Rule 58.
5 minute read
June 12, 2003 |

Milberg Weiss Firm to Split With Lerach

Milberg Weiss Bershad Hynes & Lerach, the preeminent securities class action firm, appears headed for a breakup, with partner William Lerach poised to lead a new West Coast operation. While New York partner Melvyn Weiss said that the breakup is amicable, sources familiar with the situation say it's come to a head because of a feud between Lerach and Weiss over the handling of the WorldCom litigation.
5 minute read
January 18, 2005 |

For Ex-WorldCom Chief, a Painless Settlement

Former WorldCom chairman John A. Porter is one of 10 former board members of the telecom giant who agreed to pay a total of $18 million out of their own pockets as part of a settlement with WorldCom investors who claim they were bilked by accounting fraud. However, Porter may not have to pay a penny himself.
7 minute read
June 13, 2003 |

Milberg Weiss Firm to Split With Lerach

Milberg Weiss Bershad Hynes Lerach, the pre-eminent securities class action firm, appears headed for a breakup, with partner William Lerach poised to lead a new West Coast operation.
6 minute read
September 15, 2005 |

Investors Offer Bounties to Recover Funds

Hell hath no fury like an institutional investor scorned. Several big shareholders that took a bath in the recent wave of corporate scandals decided that it wasn't enough to go after the companies for their losses. But because the potential recovery from an individual is usually only a fraction of what it would be from a company, some have decided that they need to give their lawyers extra incentive to pursue officers and directors in the form of bounties and sliding scale fees.
6 minute read
September 16, 2005 |

Torkelsen Suits Could Reach Lerach Case

John Torkelsen flew high as the top expert witness for securities class actions. Now that he's under investigation for business fraud, former associates under separate investigations � Bill Lerach, the Milberg, Weiss firm � might be a little nervous.
6 minute read

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