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Is the Magic Circle Becoming the Tragic Circle?
From 1998 through 2001, U.K.-headquartered law firms had astonishingly high growth rates. The last three years have been less kind, and firms are trying to hold on to these gains by the skin of their teeth. The largest and most lucrative mergers and acquisitions deals in Europe are being cherry-picked by U.S. firms, and Europe has seen neither a rise in U.S.-style litigation nor the volume of corporate meltdowns handled by their American counterparts. Partha Bose analyzes who will survive -- and how.Qualcomm Digs Deep in Face of Global Litigation Onslaught
Along the way to endless patent licensing revenues, Qualcomm's plans went awry. The San Diego chip maker's licensees, tired of Qualcomm's bullying, are pursuing a concerted, worldwide attack. Rival chip maker Broadcom sued Qualcomm in California, New Jersey and Washington, D.C.; Nokia filed suits in Delaware and D.C.; and four other wireless companies filed complaints with the European Commission. Fighting to save its business, Qualcomm expects to spend more than $200 million on litigation next year.Getting Fired: Don't Deal With the In-House Counsel and Deal With It Publicly?
Heaven forbid, IF you get fired, don't talk with the in-house counsel and deal with it in a public manner? Uh oh, that's not what an in-house lawyer wants to hear ...The lawsuit stemmed from Citi's massive mortgage-backed asset write-downs in November 2007. Manhattan federal district court judge Sidney Stein dismissed the suit because it didn't name the directors as of September 2009, when Judge Stein allowed the plaintiffs to amend their complaint. "Plaintiffs do not correctly identify the members of that board, an easily verifiable fact," the judge wrote.
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.
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