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Fraud Count Dismissal in Stewart Case Could Cut Both Ways
Judge Miriam Goldman Cedarbaum's decision to dismiss a charge that Martha Stewart defrauded investors in her own company by lying about her sale of ImClone stock turned on the different standards for "evidentiary sufficiency" in criminal and civil securities fraud cases. But white-collar crime experts say that the impact of the missing charge can cut both ways when the jury convenes to consider the remaining charges against Stewart.Supreme Court Widens Age Discrimination Protections
The Supreme Court opened the door Wednesday for older workers to bring age discrimination claims based on disparate impact rather than discriminatory intent. But the Court also gave employers tools to defend against the new type of claims. Because it is often hard to prove discriminatory intent by employers, advocates for older workers hailed the 5-3 decision as a landmark victory. Chief Justice William Rehnquist did not vote in the case, which was argued in November when he was receiving cancer treatments.Star Turn for Hollywood Newcomers
A few players are catching their big break in entertainment law, but for most, there's still no business in show business.Staff Exits on the Rise in Southern District U.S. Attorney's Office
A series of staff changes in the office of New York's Southern District U.S. Attorney Mary Jo White are unrelated to the change to a Republican administration in Washington, D.C., say prosecutors. There has been speculation that the Bush Administration may be contemplating changes for U.S. Attorneys in districts throughout the country; but as of yet there's been no massive changing of the guard.Akin Gump, Orrick Explore Merger Possibility
Orrick, Herrington & Sutcliffe and Akin Gump Strauss Hauer & Feld confirmed Tuesday that they are engaged in "preliminary discussions" about the possibility of combining, potentially reshaping the legal landscape by creating a more than 1,800-lawyer firm with revenues of more than $1.5 billion. News of the potential deal comes amid renewed interest in mergers among the United States' law firms, with activity picking up after a drop-off in the recession.Recession Strikes Harder at Top 40 Second-Tier Firms
Just as New Jersey's Top 20 firms took it on the chin last year, their colleagues in the next tier felt the effects of the Great Recession — and worse so. The second-tier firms showed a 9.6 percent drop in gross revenues.Ex-Associate's Suit Proceeds Against Labaton Over Origination Fees
A former Labaton Sucharow associate can pursue nearly $12 million in legal fees he claims his ex-employer owes him for his role in bringing in New Mexico's pension funds as clients, a New York state judge has ruled. Although the judge dismissed a series of claims brought by Jon Adams against Labaton, she left in place Adams' claim that the firm breached an agreement by not giving him a share of multimillion-dollar fee awards stemming from securities settlements with HealthSouth Corp., St. Paul Travelers and other cases.Trending Stories
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