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November 09, 2001 | Law.com

'No Action' Clause Dooms Novel Bondholder Lawsuit

A New York court dismissed a seminal lawsuit Thursday filed by a bondholder that sought to have Mpower Communications, a struggling telecommunications company, declared insolvent. Fir Tree Partners, an investment firm that holds Mpower bonds, filed the first-ever suit that questions a nonbankrupt company's fiduciary duty to bondholders. Fir Tree hoped to get Mpower to stop spending before it defaults on its bonds.
4 minute read
October 19, 2001 | Law.com

Minority Law Student Program Aids New York Firms Seeking Diversity

As second-year law school students around New York City prepare for on-campus interviews for next year's summer associate classes, several minority students will be able to boast of having big-firm experience, thanks to a program called Sponsors for Educational Opportunity that placed them at some of the city's top firms before they entered law school.
5 minute read
August 22, 2006 | Law.com

D.C. Federal Judge Slams Lawyers for Role in Hiding Tobacco Risks

Judge Gladys Kessler's scorn for the tobacco industry was evident in last week's 1,742-page opinion, which found cigarette makers and trade groups had conspired to hide the truth about smoking's health effects for more than 50 years. She also focused her wrath on in-house counsel and outside law firms, which she said directed research in favor of the industry, destroyed documents and "took shelter behind baseless assertions of attorney client privilege." Her opinion singled out three firms in particular.
4 minute read
September 17, 2002 | Law.com

Making the Transition to Media Relations

"It's hard for attorneys to make the transition," says Leah Guggenheimer of the tricky business of switching from associate to law firm marketing and public relations. "For one thing, you see a lot of 'J.D.s need not apply' in the ads." But it can be done -- and now there's even a network, called Law Firm Media Professionals, to provide support and strategy (and a safe place to vent) for law firm media relations types.
3 minute read
March 17, 2005 | Law.com

Eric Bock: Rebound Expert

Tired of being corporate America's punching bag, Cendant Corp. executives launched a sweeping overhaul of the company's corporate governance practices and put a young, ambitious Eric Bock at the helm because, as one said, they "knew he'd perform." Bock didn't disappoint.
3 minute read
February 22, 2002 | New York Law Journal

New Developments Threaten Enron Bankruptcy`s Smooth Sailing

C ompared to the highly-charged, seemingly non-stop Enron media circuses issuing daily from Houston and Washington, D.C., the actual Enron Chapter 11 bankruptcy has been proceeding briskly in the Southern District, with surprisingly little fanfare.
6 minute read
October 12, 2005 | Law.com

Who's Coming Out Ahead in Morgan Stanley Culture Wars?

After the merger of investment bank Morgan Stanley and retail brokerage Dean Witter, a deep cultural rift formed between the Morgan Stanley personnel and the Dean Witter veterans. The clash played out in the legal department, with demotions and departures of senior Morgan Stanley hands. Now, the original Morgan Stanley camp appears to be gaining the upper hand, with the return of John Mack as CEO and his revamping of the legal department.
4 minute read
November 04, 2002 | Texas Lawyer

Media for a Merger

When it comes to firm merger media, most firms still do not get it quite right. Successful merger media starts with early and honest planning. It communicates why your clients and prospects should care. And it's rolled out over time.
8 minute read
January 01, 2007 | The American Lawyer

Germany

One year after a new law permitting shareholder class action legislation took effect in Germany, the dockets haven't exactly been flooded with new claims: Courts are dealing with a scant eight cases. Some plaintiffs lawyers still see opportunity, however-especially since a case before Germany's constitutional court has challenged a ban on contingency fees.
4 minute read
July 24, 2002 | Law.com

Bankruptcy Lawyers Rev Up for WorldCom

One day after WorldCom filed for bankruptcy, law firms from coast to coast were already feeling the ripples. According to court documents, WorldCom has already sought to retain six firms as it attempts to reorganize under Chapter 11. "Bankruptcy lawyers are starting to talk about running out of firms who can handle big cases like this," said Sonnenschein Nath & Rosenthal bankruptcy partner Michael Lubic.
4 minute read

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