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Former Enron In-House Counsel Look Backward ... and Forward
With the trial of former Enron executives Kenneth Lay and Jeffrey Skilling in full swing, some might wonder of the corporate scandal that led up to the courtroom proceedings, "Where were the lawyers?" Shortly before the trial's start, former Enron lawyers discussed their views of the energy company's controversial business methods, and how some struggled to get new jobs after being branded with a scarlet "E." Read on to learn some of the lessons that come from these in-house lawyers' experiences.Time Warner stopped streaming Viacom shows in March 2011, after Viacom claimed that its licensing agreement didn't allow Time Warner subscribers to watch Viacom programs through broadband transmissions. The settlement allows that streaming to resume, for now at least.
If you're a litigator who does a lot of consumer defense work in California, you might think about writing a thank-you note to Mark Robinson, Jr., senior partner at Robinson, Calcagnie & Robinson. On Monday he won a ruling from the California Supreme Court that will likely ensure you stay busy for the foreseeable future. In a 4-to-3 decision, the court held that Proposition 64, which is designed to curb frivolous consumer lawsuits, does not bar a class action against tobacco companies alleging they misled California smokers through deceptive advertising.
BellSouth Picks N.Y. Firm to Handle $67 Billion Deal
Atlanta law firms may have slowed the flow of mergers and acquisitions deals to New York over the past decade, but hometown corporate icon BellSouth Corp. chose a Gotham firm as its lead adviser for the phone company's largest-ever deal. Fried, Frank, Harris, Shriver & Jacobson represents BellSouth on the company's pending $67 billion acquisition by AT&T of San Antonio, Texas. It's the fifth major M&A deal since April 1999 for which New York-based Fried Frank was hired as BellSouth's lead legal adviser.In re: Initial Public Offering Securities Litigation
Rehearing of IPO Class Action Issue Denied; No Reason to Revise Standard for Class CertificationMerger Means Shuffling of Legal Teams
Honeywell employs about 70 in-house lawyers; AlliedSignal has 64. Honeywell's top legal officer, Edward D. Grayson, will work on the integration team, but he has not determined whether he will remain once that process is completed. The new firm, which will be called Honeywell and will have its headquarters at AlliedSignal's Morristown, N.J., base, will also pare away an undetermined number of in-house attorneys, AlliedSignal Inc.'s top legal officer, Peter M. Kreindler said.D.C. Firms View China With Caution
Dozens of U.S. firms have swept into the Chinese market in recent years -- 39 of the largest 250 U.S. firms have offices in Shanghai, Beijing or Hong Kong. But Washington, D.C., firms have been late to the game, with some justification. Most of the law firm money to be made stems from burgeoning corporate activity -- foreign investment, IPOs and mergers and acquisitions -- which is largely the province of big firms in New York and L.A. Still, China won't be ignored -- there's just too much money at stake.A federal judge in New Orleans has accepted BP's $4 billion criminal plea agreement over its role in the catastrophic 2010 oil spill that fouled the Gulf of Mexico. But BP's lawyers still have plenty of work to do managing the company's massive liabilities over the disaster.
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