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Mediation May Rev Up Plodding Enron Civil Litigation
Just more than a month after U.S. District Judge Melinda Harmon of Houston lifted a discovery stay in the massive Enron Corp. class-action litigation, Harmon and the New York federal judge presiding over Enron's bankruptcy ordered many of the parties to mediation.Souped-Up Sales Not Such a Hot Idea
The world's largest maker of soup may have lied to investors as to just how "M'm! M'm! Good!" its sales were from 1997 to 1999. A federal judge from New Jersey has ruled plaintiffs may proceed with a class action lawsuit against Campbell Soup Co. The plaintiffs allege the company "disseminated materially false and misleading information" to the investing public about business operations and financial performance.Joint Session to Choose Board of Regents Upheld
ALBANY In a decision that renders the current New York State Senate irrelevant in the process of selecting the Board of Regents, the Court of Appeals yesterday upheld the practice of choosing members of the powerful education panel in joint Assembly/Senate sessions.Merck Shareholders' Vioxx Suits Tossed Due to Lapse in Protocol
Still smarting from a $13.5 million Vioxx verdict in New Jersey -- and a judge's referral of the case to state prosecutors for possible criminal action -- Merck & Co. got some welcome good news from a federal court in the state. U.S. District Judge Stanley Chesler dismissed shareholder derivative suits against the company, finding the plaintiffs failed to comply with a federal court rule requiring shareholders to demand, prior to filing suit, that the board of directors take corrective action.Coudert Explores Action Over Defections to Orrick
Stung by the defection of all of its partners in London and Moscow, Coudert Brothers is considering a lawsuit against Orrick, Herrington & Sutcliffe, which hired the partners away. Coudert has retained Barry Ostrager, the co-head of litigation at Simpson Thacher & Bartlett, to investigate whether Orrick and the departing partners breached confidences gained in merger discussions between the two firms. The loss has been a blow to Coudert: As other U.S. firms have expanded overseas, its stature has fallen.Trending Stories
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