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Mercury Interactive to Cooperate With Lerach in Backdating Dispute
As Mercury Interactive contemplates suing former officers linked with options backdating, the company has sent clear signals it won't step on plaintiffs lawyer William Lerach's toes. Teaming up with Lerach in a civil derivative claim would be an unusual move in what is typically an adversarial process, but a source said it looked like an economic decision for Mercury to allow Lerach to pursue the derivative suit at his own cost while the company itself pursued the wealthiest of the four former officers.Social Gaming Suits Are Serious Business
Young industry features copycat games and employee poaching, leading to lots of suits between rivals.Chicago Firms Raise Associate Salaries to $135,000
Many Chicago law firms are raising salaries for first-years to $135,000. Though some firms cite last year's strong financial performance as a main reason for the pay increases, others say they need to give raises to stay competitive. "Law firms tend to be like lemmings," says the chairman of one firm's compensation committee. But Bill Chamberlain, assistant dean for career strategies at Northwestern University's law school, is concerned the higher salaries put pressure on associates to bill more hours.Karatz Committed Fraud, Prosecutor Says
The U.S. attorney pointed to former KB Home CEO Bruce Karatz's allegedly changing story in closing arguments of a stock option backdating case.Orrick to the Rescue of MGA in Bratz Doll Fight
After bringing in Orrick, Herrington & Sutcliffe partner E. Joshua Rosenkranz, MGA convinced the Ninth Circuit to stay a sweeping injunction prohibiting the company from making or selling Bratz dolls. reports sibling publication The Am Law Litigation Daily.An Upstart Aims to Overthrow a Sovereign
Andrew Dhuey challenges states' immunity.Sharply divided Court strikes down Arizona campaign-finance law
Campaign finance reform advocates suffered another major blow in the U.S. Supreme Court on Monday when a narrow majority rejected Arizona's public financing system for state elections.Trending Stories
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