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Faked Documents May Be at Core Of Apple Computers Case
It must be some consolation for Apple Computer that the company's annual report is going to be published during the slowest news week of the year.Political Fund-Raiser Tapped for BASF Post
The Bar Association of San Francisco has tapped a top Democratic fund-raiser as its new executive director, a move BASF officials hope will help generate more money for the cash-strapped organization. Martha Whetstone, an emergency management consultant and former political director for the Democratic National Committee, is expected to start work today. She replaces Teveia Barnes. Barnes resigned Feb. 5, but is remaining at BASF through mid-April to help her successor make the transition.Class Counsel in KPMG Case Seek To Sweeten Deal With Legal Fees
With one in five class members opting out of a vaunted $225 million settlement in a suit against KPMG and a law firm that advised it, the class counsel is trying to make the deal more attractive to the detractors' lawyers. Milberg, Weiss, Bershad & Shulman, which would get $30 million under the settlement, is offering fees to lawyers who convince their clients to drop individual claims and accept the settlement terms.Companies With Backdating Troubles Are Paying Astronomical Legal Fees
Perhaps no corporate scandal of recent years has created such wide-ranging troubles as the stock option backdating mess. Even if companies clean house, the disgraced executives can and do insist that their former employers keep paying their high-priced lawyers, thanks to indemnification contracts. According to securities filings, Mercury Interactive has spent $72 million on legal fees, KLA-Tencor has spent $36.8 million and Monster has shelled out $32 million. For Brocade, fees could reach $100 million.'Art' Photo Is Not Subject to Privacy Law, Judge Finds
A dispute between a top photographer and a Hasidic Jew who holds that the use of his image violates religious bans on graven images turned on the question of whether the photo constitutes commerce or art. The photographer surreptitiously took a picture of the man in Times Square, then sold prints for at least $20,000 each. As commerce, the picture would be subject to restrictions set forth in New York's right-to-privacy laws; as art, it would not. The disputed photo, a New York justice has ruled, is art.Good Times Roll for L.A. Firms
Fueled by an improving economy, L.A.-based firms reported impressive revenue gains in 2005, with five of the area's largest firms posting double-digit growth. In a sign that firms are busier and raising billing rates, revenue per lawyer was up at most firms, with Gibson, Dunn & Crutcher edging over the $1 million mark on that yardstick. And while most firms' growth was aided by attorney hires, Manatt, Phelps & Phillips increased head count by just one, yet still grew revenue by 8 percent to $196 million.Cooley, Fenwick, DLA and Sheppard Lift Up Associates' Salaries
Four more firms -- Cooley Godward, Fenwick & West, DLA Piper Rudnick Gray Cary and Sheppard, Mullin, Richter & Hampton -- said Thursday they're increasing associate salaries, following L.A.-based firms' lead. All four firms matched the newly emerging first-year benchmark of $135,000. Cooley is lifting other years by $5,000 to $10,000, while Sheppard is raising other years by $5,000. Some of the increases are for all associates, while others are just for U.S. associates or associates in certain U.S. cities.Trending Stories
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