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Blood Money Paid by Chiquita Shows Company's Hard Choices
Chiquita Brands International says it had to pay off Colombian terrorists to protect its employees. The Justice Department says the company simply made an "expedient" choice. An exhaustive look at the four-year probe finds that neither side is exactly right. Documents, as well as interviews with attorneys from both sides, paint a portrait of a GC and a company giving in to extortion. It is the stuff of spy thrillers, describing veiled threats of violence, secret payments and an excruciating moral dilemma.That was quick. On Wednesday, Bank of America and its counsel at Hunton & Williams sued Colonial Bank for $1 billion in mortgage loans that the beleaguered Alabama lender was holding in trust for a BofA subsidiary. On Thursday, Miami federal district court judge Adalberto Jordan granted BofA's motion for a temporary restraining order to keep Colonial from selling or otherwise disposing of 6,000 disputed mortgages.
Stockman's lead defense lawyer says a hasty Davis Polk internal investigation led to a prosecution that was doomed from the start. In a December meeting with the government, the former Reagan official's legal team apparently proved that point to prosecutors.
After Joseph Wayland led the Justice Department antitrust team that scuttled H&R Block's proposed $287.5 million TaxAct acquisition last October, we named him Litigator of the Week and The American Lawyer dubbed him a Newsmaker of the Year. Now the former Simpson Thacher & Bartlett partner has picked up another title: acting head of the DOJ's Antitrust Division.
Franchiser's Lawyers Conduct 'Drug Raid'-Style Discovery
Disqualification motions filed against lawyers for 7-Eleven Corp. over strong-arm discovery tactics have brought a case involving millions of dollars and public policy issues to a standstill. One issue is that lawyers for 7-Eleven showed up without notice at an opposing lawyer's New Jersey office requiring immediate production of documents to bolster allegations that franchisees were defrauding the company.Who's afraid of Florida state court? Not Big Tobacco--after going five for five in the most recent Engle progeny cases.
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