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Am Law After Dark: Five Firms Advise on Playboy Going-Private Bid
Playboy magazine founder Hugh Hefner is teaming up with a Michigan-based private equity firm to take the publisher private in a deal valuing the media company at nearly $210 million.WilmerHale Nets SEC Honcho for L.A. Foray
Wilmer Cutler Pickering Hale and Dorr has scored a high-profile securities lawyer to anchor its move into Los Angeles: Randall Lee, the former SEC regional director there. The firm's partnership voted in Lee this week, closing the door on what has been weeks of heavy recruitment since he left the SEC in mid-July. As the SEC has heightened its enforcement activity, its leaders are increasingly being sought in the private sector.
Cost-Cutting Clients Put the Squeeze on Law Firms
It doesn't take an oracle to predict that in a recession, clients would look to trim legal costs. But clients and lawyers alike say that what is happening now is more of a Freddy Krueger-style bloodletting. And litigators, traditionally thought of as safe from recessionary pressures, are feeling it, too. Clients are demanding deep discounts, creating incentives for litigators to resolve cases more quickly, keeping more lawsuits in house, and, yes, even shedding longtime counsel.
Getty Voluntarily Adds Second Layer of Compliance Scrutiny
With a $6 billion endowment, the J. Paul Getty Trust can afford an excess of caution. Last fall the California attorney general's office appointed a monitor for the Getty, which was under investigation for failing to prevent alleged wrongdoing by its former president and trustees. In February the trust voluntarily subjected itself to another layer of scrutiny by tapping Deloitte Financial Advisory Services to conduct an ongoing compliance review. It's an unusual but smart step, say observers.
Drug makers cleared on delaying generic
Los Angeles-The makers of a popular blood pressure medication who settled class actions alleging that they violated antitrust laws have been cleared of claims that they caused $21 million in damages to one of their largest customers.Goodwin Procter Expands West Coast Reach, Opens Offices in San Diego, L.A.
One year after it first entered the California scene, Boston-based Goodwin Procter has opened a new office in San Diego and one in downtown Los Angeles.Hollywood Scores Twin DVD Victories
Two cases against makers of software that lets DVD owners copy their movies lose big in orders issued hours apart, reports sibling publication The Recorder.Trending Stories
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