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Will Majority Rule Prevail in Electing Corporate Boards?
Majority voting is the big issue of proxy season 2006, dividing businesses and their outside counsel as well. This year more than 140 businesses faced proposals from shareholder activists wanting to alter methods of electing board members. Activists seeking the change hope to increase board members' accountability. Those opposed say it will destabilize companies, letting parties with short-term interests sway board composition. But both sides agree majority voting marks a shift in corporate power dynamics.AOL, DOJ Talks In Question in Microsoft Case
Microsoft Corp. attorneys on Friday grilled America Online Inc. chief executive Steve Case about how closely the company worked with the Justice Department last fall to keep merger negotiations between Netscape Communications Corp. and AOL secret at the height of the software giant's antitrust trial. At issue is a conversation between AOL's then-general counsel George Vradenburg III and David Boies, the government's lead attorney.Sure, the Plavix pay-to-delay deal was a notorious disaster for Bristol, but you can't make a case based on shoulda, woulda, and coulda.
How Many Lawyers Does It Take to Do a Merger?
Usually, when he's lawyering a corporate merger or acquisition, James McKenzie Jr. of Morgan, Lewis & Bockius is dealing with one other law firm. This time, the Philadelphia attorney found himself sitting across the table from four large New York firms for a deal involving Sony, Time Warner and CDNow.The Real World According to Summer Associates
Summer associates come off as a tough crew in The American Lawyer's survey of almost 6,800 interns at about 200 firms, welcoming brutal honesty about their own performances and leaving none of the firms immune from suggestions for improvement. But overall, law students gave their summer employers lots of praise. While the survey's upper tiers included many familiar names, plenty of newcomers hit high notes -- and two of the top 10 slots were captured by firms that vaulted more than 100 spots.Death Row Appeal Reaches Court
ALBANY No case on the Court of Appeals April-May calendar has the headline-grabbing potential of People v. Harris , the first death penalty matter to reach the state`s highest tribunal since capital punishment was reinstated in 1995. But the calendar is chock full of cases of import and interest.Trending Stories
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