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IPO Pipeline Pumps Cash Into Coffers for Latham, Other Am Law 200 Firms
Latham & Watkins, Simpson Thacher, Davis Polk, and Fenwick & West are leading a pack of firms reaping the benefits from a recent round of initial public offerings that includes share sales for such companies as Fairway, SeaWorld, Taminco, and Taylor Morrison.Irell, Quinn to Hike First-Year Salaries
Irell & Manella will raise first-year associates' base salary to $135,000 next year, a $5,000 increase that is already sending ripples through the Southern California legal industry. Upon hearing news of the hike, Quinn Emanuel Urquhart Oliver & Hedges quickly followed suit, lifting their first-year base by $5,000 to match Irell. Irell's decision will likely make waves in an area that's remained relatively static since the dot-com crash.Calif. High Court to Take Up Issue of Teen Smokers
Joe Camel may be long gone, but the so-called "Joe Camel Generation" lives on, and could be headed toward a court collision with Joe's creators. The California Supreme Court agreed Wednesday to decide whether four tobacco companies can be sued under the state's unfair competition law for allegedly targeting teens with provocative and deceptive cigarette ads. The suit alleges that each company had its "youth brand strategy" targeting "Rebels," "Edge Kids," "Punkers," "Rockers," and "Skaters."Redbox picks an antitrust fight
Hollywood movie studios are turning up the volume against DVD kiosk company Redbox, recruiting some of the nation's top antitrust experts to wipe out three lawsuits whose outcomes could determine the future of the DVD market.Round 1 Goes to Rambus in Fight With FTC
In a blow to one of the Federal Trade Commission's largest and most ambitious proceedings, an administrative law judge last week dismissed the agency's antitrust case against Rambus Inc. The ruling is a roadblock for the three companies challenging the computer chip developer over its patents and could pave the way for Rambus to collect billions in licensing fees from these three, as well as scores of others.Supreme Court Argument Report: Who Can Intervene in Original Jurisdiction Cases?
During arguments in a water dispute that came to the Supreme Court under its "original jurisdiction" over conflicts between states, the justices considered some broader questions about the nature of original jurisdiction cases and the role of special masters appointed by the Court to assist in their adjudication. Chief Justice John Roberts Jr. seemed especially protective of the Court's role in such matters, returning a number of times to the idea that they are a unique and important subset of the Court's cases.Loss Causation Pleadings Standard in 2nd Circuit Defined
The pleading standard for loss causation in the 2nd Circuit requires plaintiffs in a securities fraud case to allege a concealment of risk and to show that this concealment, which was later exposed, caused the plaintiff's loss, a federal judge has ruled. The decision comes on the heels of the U.S. Supreme Court's April opinion in Dura Pharmaceuticals v. Broudo, in which the Court ruled that to prove fraud, plaintiffs must provide a direct link to a fall in a company's stock price.Attorneys for both Abbott Labs and GSK filed new briefs to the U.S. Court of Appeals for the Ninth Circuit this week on whether gays and lesbians can be excluded from juries via peremptory challenge.
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