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It looks like the logjam of litigation filed over mortgage-backed securities is beginning to break. This appears to be the first class settlement of claims by investors in these securities.
Orrick Comes to MGA's Rescue in Bratz Doll Fight
To change or not to change -- lawyers, that is. That was the question faced by Mattel and MGA Entertainment as their epic battle over the Bratz dolls moved to the 9th Circuit. For MGA, which lost at trial, its decision to add new lawyers from Orrick, Herrington & Sutcliffe looks smart. Wednesday, the company won a major victory when it convinced the 9th Circuit to put on hold a recall of the Bratz dolls that had been ordered last year by a Los Angeles district court judge.New Deals: Swiss Company Logitech to Acquire LifeSize Communications
Lifesize Communications Inc. to be acquired by Logitech International S.A.; TPG Capital to purchase majority stake in Valerus Compression Services; Denbury Resources Inc. to acquire Encore Acquisition Co.; and Burlington Northern Santa Fe Corp. to be acquired by Berkshire Hathaway Inc. Vinson & Elkins represented LifeSize Communications in the company's pending acquisition by Swiss company Logitech International S.A. for $405 million.Back on Track: The percentage of minority lawyers at large firms edged up in 2011
It's not much, but it's enough to make diversity advocates in the legal profession let out a collective "phew" According to the latest Diversity Scorecard complied by The American Lawyer, a Daily Report affiliate, in 2010 big firms increased their percentage of minority attorneys by 0.2 percent, to 13.9 percent.Law firm librarians on design, staffing, spending
Here are the results of the Second Annual AmLaw Tech library survey. (See box on next page)The company had good reason to sign a non-prosecution agreement and agree to pay $92 million: It admitted that senior execs knew Gen Re's sham transactions with AIG, which permitted AIG to inflate loss reserves, were fraudulent.
In December 2003, Abbott Laboratories quadrupled the price of its HIV drug Norvir, from $1.71 for a day to $8.57. While the move earned the company enmity from some AIDS patients and doctors (activists protested in front of Abbott's headquarters), the Ninth Circuit Court of Appeals ruled that the price hike wasn't, as plaintiffs in a California class action maintained, anticompetitive.
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