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To mark the tenth-anniversary of the Arbitration Scorecard, the Litigation Daily will be spotlighting some of the biggest treaty disputes featured in The American Lawyer's survey of international arbitration. Today, we reveal the biggest dispute under contract arbitration and the biggest under treaty arbitration.
UTStarcom's Crash Shows Pitfalls of Doing Business in China
UTStarcom went public in 2000, and for a time was seen as a smart way to play the China telecom boom. But it's become an example of what corporate lawyers can face when trying to square business practices common in China -- such as paying bribes and recognizing income before it's actually in company coffers -- with the corporate disclosures required by U.S. regulators. More than $300 million in revenue has come off the books, and the company has admitted to backdating stock options for executives.Computer Chip Maker Agrees to Pay $8M
ATI Technologies Inc., a Canadian manufacturer of computer graphics chips, has agreed to pay $8 million to settle a federal class action securities suit that accuses company executives of misleading investors with falsely optimistic sales projections in order to inflate stock prices prior to a major acquisition. If the settlement is approved by the court, the plaintiffs' lawyers will be asking for a fee award of $2.6 million.A Veteran Gives Voice to Guantanamo Case
John Gibbons, a retired GOP appointee to the 3rd Circuit and name partner in a corporate law firm, seems an unlikely advocate for Guantanamo Bay detainees' rights. But today, he will fill that role before the U.S. Supreme Court, as the justices get their first chance to consider whether federal courts can review suspected al-Qaida members' detentions. Gibbons says he has no qualms about walking into one of the term's most contentious and closely watched cases.Trending Stories
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