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SEC Tells Marvell, Exec to Expect Suits
The Securities and Exchange Commission has notified Marvell Technology and one of its top officers that it plans to sue over stock option backdating. The semiconductor maker has announced in SEC filings that it received a Wells notice -- a letter from the SEC announcing an intent to seek financial penalties -- for the company itself. Weili Dai, the ex-COO and current head of marketing and business development who was demoted this year after an internal investigation, also received one, the company said.Eight Firms Advise on Partial Opel Sale, as EU Antitrust Questions Loom
After more than three months of negotiations, eight law firms are advising on a deal that will see a Canadian-Russian consortium acquire a 55 percent stake in GM's Opel auto unit, whose fate has twisted in the wind following the bankruptcy of its U.S. parent. The deal has been lauded by the German government, which is gearing up for elections at the end of this month and is keen to avoid mass layoffs at Opel. The company has received billions in aid from the German government in recent months.Asbestos Cases Could Keep Koch Lawyers Busy
Koch Industries is buying Georgia-Pacific Corp., but it's too soon to tell what will happen to Georgia-Pacific's 51 in-house attorneys or its outside law firms. A large acquisition doesn't always result in the closing of the acquired company's in-house law department, says Daniel J. DiLucchio Jr., a principal with legal consulting firm Altman Weil. And Koch will need a lot of legal help: It's also acquiring Georgia-Pacific's asbestos litigation, which included 57,400 claims as of Sept. 30.Judge Allows Running Back to Enter Draft
A team of local lawyers has successfully challenged a National Football League rule that barred Ohio State running back Maurice Clarett from entering the NFL draft after only one year of college.The Benefits of Sabbaticals for Lawyers
There is a long and time-honored tradition among other cultures, and other professions, of giving the mind and spirit a break from the day-to-day grind, notes attorney Janice Mock. It's called a sabbatical. You've heard of it, right? Right -- just not anywhere near your office door. Embracing the notion of what a world with sabbaticals for lawyers as commonplace would look like, Mock discusses the benefits of sabbaticals both for the attorneys who take them and for the law firms that allow them.NFL Prospect Tackles Collective Bargaining Agreement
Maurice Clarett wants to play in the National Football League, but the league says he has to wait until three years past high school. Now Clarett has sued, demanding to be included in the next draft, and charging that the league is preventing him from selling his services, a restraint on trade and commerce in violation of the Sherman Act. A long period of tranquility for NFL labor relations general counsel Dennis Curran may be nearing an end.Suit Targeting BAR/BRI Will Proceed
Company dominant in the bar exam review business will have to answer charges it uses one state-specific product to force consumers into buying its multistate package.Trending Stories
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