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Former Pharmaceutical Company Execs Face Federal Probe
The Justice Department signed a deferred prosecution agreement 15 months ago with California biotech company InterMune regarding ex-employees who had engaged in illegal off-label marketing of its osteoporosis drug Actimune. The agreement didn't protect the former executives from prosecution, but the DOJ has seldom gone criminal against executives from other pharma companies that have settled. Now, in a rare turn of events, lawyers close to the InterMune case say charges against the executives are likely.Linklaters Adds Four Litigation Partners From White & Case
In a substantial U.S. expansion, the British legal giant Linklaters has bolstered its New York office with a four-partner litigation group from White & Case. One of London's Magic Circle of leading corporate law firms, Linklaters said Thursday it also expected a team of about 12 associates to make the move. Until a few years ago, most British firms avoided building litigation practices, which they feared would hinder possible mergers with leading New York firms.Lawyers Get an Earful After Obama Calls for New Bank Regulations
Since President Barack Obama announced plans to restrict the trading activity of banks, limit consolidation in the finance industry and prohibit banks from owning interests in hedge funds or private equity funds, lawyers' phones have been ringing off the hook as banks try to understand the proposals, pitch possible amendments and suss out the potential impact on foreign banks with operations in the United States.People, respondent v. Quentin Abney, defendant-appellant
Panel Relies on Case Facts to Uphold Denial of Expert Evidence on Reliability of Eyewitness IdentificationBofA Misses Congressional Deadline for Merrill Merger Documents
Bank of America did not meet a deadline to turn over documents related to its merger with Merrill Lynch to the House Committee on Oversight and Government Reform. The committee chair gave the bank until noon Monday to turn over documents related to legal discussions BofA had with outside counsel before and after it absorbed Merrill Lynch. The bank says the documents are protected by attorney-client privilege between bank executives and the law firm that handled the merger for BofA -- Wachtell, Lipton, Rosen & Katz.Proliferation of Management Tools Will Empower GCs
The next five years will see a profound deepening and broadening of knowledge about how best to manage in-house legal departments. As many such departments could do a better job in management, this leap is important.Trending Stories
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