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Law Firms See an Array of Fates After Sept. 11
In the five years since the terrorist attacks on the World Trade Center, all sizes of law firms in New York have been picking themselves back up. Some law firms have returned to the downtown area, but many others have opted to start over in areas less scarred. Some, such as immigration solo H. Taufiq Choudhury, have faced bureaucratic red tape in re-establishing their practices, while others were able to return due to relatively low market rates and through federal and local incentive programs.Cite as: BDC Finance L.L.C. v. Barclays Bank PLC, 650375/2008, NYLJ 1202573037673, at *1 (Sup., NY, Decided August 15, 2012)Justice Eileen Branstenp
Law Firms See an Array of Fates After Sept. 11
In the five years since the terrorist attacks on the World Trade Center, all sizes of law firms in New York have been picking themselves back up. Some law firms have returned to the downtown area, but many others have opted to start over in areas less scarred. Some, such as immigration solo H. Taufiq Choudhury, have faced bureaucratic red tape in re-establishing their practices, while others were able to return due to relatively low market rates and through federal and local incentive programs.Cite as: Mayor and City Council of Baltimore v. Citigroup, Inc., 10-0722-cv (L), NYLJ 1202591281662, at *1 (2d Cir., Decided March 5, 2013)Before: Leval,
It's quite remarkable, really. A $300 billion market imploded, but plaintiffs firms can't figure out how to bring a viable suit. This time, a New York judge concluded their class action was a securities case in antitrust clothing.
From what we gather, accused swindler extraordinaire Bernard Madoff was an immensely charitable man. If we were the Psychology Daily we might suggest something about salving a guilty conscience, but we're the Litigation Daily. So instead we'll offer thanks to Madoff on behalf of the white-collar criminal defense and securities class action lawyers for whom his alleged $50 billion fraud--said to be the largest in Wall Street history--has already begun to provide gainful employment.
Toyota's Worst Nightmare: Where Will the Carmaker's Dispute With a Former In-House Lawyer End?
Dimitrios Biller was hired to help manage Toyota's litigation, and he wound up turning those skills on his own company. Toyota paid him $3.7M to go away — but he's back with a vengeance. | INTERACTIVE TIMELINEIt was inevitable that the collapse of the $300 billion auction-rate securities market in 2008 would trigger securities litigation. But the ARS freeze also spawned a massive antitrust case, after a trio of plaintiffs firms cooked up a theory that the market's demise was triggered by an illegal boycott on the part of major banks.
Plaintiffs lawyers accusing the bankrupt securities firm MF Global of bilking customers out of $1.6 billion have expanded their civil suit with new claims against the auditing giant PricewaterhouseCoopers.
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