0 results for 'Williams & Connolly LLP'
Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.Your Duties to Employees During Corporate Criminal Investigations
It used to be common in corporate criminal investigations for a single law firm to represent the target corporation and all its relevant employees. But those days are gone, and according to Williams & Connolly partner Richard M. Cooper, prosecution pressures are discouraging even mutually supportive defense arrangements. Cooper provides employers with some suggestions on the duties a company owes to employees during investigations, concerning disclosure of information and other sticky issues.The Score: NBA Union's Legal Bills Keep Piling Up
As players get set for a new National Basketball Association season, the union that represents them remains locked in litigation with its former leader. Meanwhile, in other sports law news: a Williams & Connolly partner starts his own sports agency; a trio of litigators helps Mark Cuban beat the SEC; Jeffrey Kessler sizes up collegiate clients; and Lanny Davis signs on to defend the Washington Redskins' name.GC of SOX-Created Agency Stays On to Fight Constitutional Challenge
How quickly things change. Last month, the Public Company Accounting Oversight Board, a SOX-created private agency that oversees auditors of public companies, said its general counsel was stepping down at the end of March. But the day after that announcement, the PCAOB was hit with a suit challenging its existence on constitutional grounds. Now, Lewis Ferguson III says he'll stay on, at least for a while, to defend the PCAOB in a case he says may go to the U.S. Supreme Court.Trending Stories
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