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Plaintiffs come up one vote short in their effort to get the appellate court to reconsider its sweeping ruling that corporations cannot be liable under the Alien Tort Statute.
Plaintiffs achieve a big win in the first-ever securities class action trial involving U.S. and foreign shareholders who held shares in a foreign company on foreign exchanges. The one bright spot for the defense: The jury found no liability for former Vivendi CEO Jean-Marie Messier or former CFO Guillaume Hannezo.
It was a whimper, not a bang: Tuesday's announcement of a $1.73 billion settlement between Huntsman and the banks that were to have financed its merger with Hexion abruptly ended the blockbuster trial only a week after it began. Huntsman and its Gibbs & Bruns lawyers considered the deal, which calls for Huntsman to receive $632 million in cash and $1.1 billion in financing from Credit Suisse and Deutsche Bank, a win. We're not so sure.
Kasowitz Benson is getting a second shot at its antitrust case against nearly a dozen national magazine publishers and distributors, thanks to a Second Circuit ruling on Tuesday.
How much time must lapse for a company to have its annual meeting? Air Products and Airgas are paying some high-priced lawyers to convince the Delaware Chancery Court that they have the right answer.
Remember when it seemed like Discover's $2.75 billion antitrust settlement with MasterCard and Visa was big news? Well, it's beginning to look like the real story of the case hasn't yet been told. The settlement has sparked a potentially nasty oedipal battle, with Discover accusing its now struggling former parent, Morgan Stanley, of forcing it into a premature deal in order to score some much needed cash for the bank. Morgan Stanley and Discover have already exchanged a juicy set of briefs, but the battle is expected to escalate this week, when the bank answers Discover's charges of breach of contract and tortious interference.
Clifford Chance Turns to Partner From London to Halt U.S. Slide
During the past five years, Clifford Chance, one of the world's largest law firms, has endured dozens of high-profile partner departures and a messy West Coast retreat. It was against this backdrop that global managing partner Peter Cornell relocated last month to New York, where he has swiftly made his presence felt. Cornell projects confidence and an eagerness to throw himself into the fray. But can anyone pull Clifford Chance's U.S. operation out of its downward spiral?Trending Stories
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