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Litigator of the Week: D. Jean Veta of Covington & Burling
Publication Date: 2012-12-20
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Former IndyMac CEO Michael Perry emerged from humble beginnings to head once one of the biggest regional banks in the country. Then, in 2008, he had a spectacular fall from grace. IndyMac collapsed, and Perry eventually got sued by both the SEC and the FDIC. But thanks to Veta, Perry has now gone a long way toward clearing his name.

AIG Loses Bid to Dismiss Class Action over Subprime Exposure
Publication Date: 2010-09-27
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The AIG litigation machine keeps humming as a New York federal judge declines to dismiss a class action alleging that the insurer misled shareholders about its credit default swap portfolio.

May 27, 1999 | Law.com

Noncompete Pact Enforceability

A recent NY Court of Appeals ruling upholding partial enforceability of an accounting firm's noncompete agreement is expected to prompt more employers to impose similar agreements on employees who interact with company clients, according to employment attorneys. The decision could also encourage courts faced with overly broad noncompete agreements to consider partial enforcement as an alternative to complete invalidation.
8 minute read
March 27, 2009 | The American Lawyer

Corporate Scorecard 2009 Bankruptcy

8 minute read
January 26, 2007 | Law.com

Washington Catches the Associate-Raise Fever

O'Melveny & Myers said Thursday it would increase its first-year associate salaries in Washington, D.C., to $145,000 -- and in turn threw down a challenge to D.C.-based firms, saying the market for talent had changed. Following that announcement, Hogan & Hartson almost immediately said it was matching the number. The latest raises come on the heels of a flurry of pay increases during the past few days in other key legal markets.
3 minute read
May 02, 2003 | New York Law Journal

Pro Bono Digest

6 minute read
March 12, 2010 | National Law Journal

Full 1st Circuit rules prospectus statements are not attributable to executives for 10(b)(5) purposes

The U.S. Court of Appeals for the 1st Circuit recently issued an en banc opinion that rejected the U.S. Securities and Exchange Commission's reliance on prospectus language in bringing a Rule 10(b)(5) case against broker-dealer executives. The decision overturned an earlier panel ruling upholding the SEC's use of the rule, which bars untrue statements in connection with the purchase or sale of a security.
5 minute read
In Major Pay-to-Delay Momentum Shift, Pennsylvania Judge Green-Lights Antitrust Class Actions and FTC Claims Against Cephalon and Generics
Publication Date: 2010-03-30
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This could be a game changer, folks--and it couldn't come at a more critical moment for opponents of the deals that keep generic drugs off the market.

April 01, 2010 | The American Lawyer

Columns

17 minute read
DOJ Blasted for Settlement with Kaye Scholer in GSC Bankruptcy
Publication Date: 2013-04-30
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The Justice Department has been accused by a bankruptcy judge of engaging in "unacceptable conduct" in reaching a settlement with Kaye Scholer, which in turn has been blamed for acting unethically in advising GSC Group in the investment firm's Chapter 11 proceedings. Judge Shelley Chapman's attack on the department came during a Tuesday hearing.

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