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California Justices Question 'Closed-Door' Utility Deal
Several California Supreme Court justices questioned during arguments Tuesday the closed-door nature of a rate-freeze agreement between state regulators and Southern California Edison Co. The decision in the case -- part of the fallout from the state's 1996 attempt to deregulate its energy market -- could have an impact on proposed bankruptcy reorganization plans for PG&E, which contain some similar elements to the Edison agreement.Judicial advisers line up behind candidates
Plenty of influential lawyers have been whispering in the ears of presidential hopefuls John McCain and Barack Obama about how to mold the federal judiciary with future appointments.Across the country, from academics to powerful attorneys in private practice and in politics, advisers are in on the ground floor of reshaping the federal bench.Court Questions 'Closed-Door' Edison Deal
Several state Supreme Court justices questioned the private, closed-door nature of a rate-freeze agreement between state regulators and Southern California Edison Co. during oral arguments Tuesday. Attorneys for the CPUC and Edison explained that the 2001 agreement was the best method of settling litigation between the two parties in the midst of the energy crisis and the utility's risk of bankruptcy. However, the justices questioned how much discretion the CPUC has to privately forge such deals.An Arizona judge will permit the SEC to proceed with a case that seeks the return of more than $4 million from the former CEO of an auto parts company that had to restate its earnings due to accounting improprieties--even though the CEO didn't know about the problems. Constitutional questions, the judge ruled, will have to wait until later in the case.
A Juggling Act in Tribune Deal
William Stinehart Jr., a partner at Los Angeles' Gibson, Dunn & Crutcher, and a director at The Times Mirror Co., negotiated the sale of Times Mirror, owner of the Los Angeles Times, to the Tribune Co. of Chicago. Wearing three hats -- Times Mirror director, trustee for the majority shareholders and a member of the company's primary outside law firm -- Stinehart had multiple responsibilities. At the very least, the partner put his firm in an awkward position.2001 Associates Survey: From Latham to Wolf Block
Summary of responses to the 2001 Associates Survey, firm by firm.Trending Stories
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