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NBA Must Release Player's Drug Records
The National Basketball Association must release the results of a drug test that triggered the expulsion of former Philadelphia 76er Stanley Roberts, now trying to resume his career in Europe. A New York federal judge ruled a confidentiality provision in the NBA's collective bargaining agreement does not prevent release of test results to Roberts' would-be league, the Federation Internationale De Basketball.Firms Rev Up for WorldCom Historic Bankruptcy Case
A few days after WorldCom Inc. filed the biggest bankruptcy in the country`s history, law firms from coast to coast were already feeling the ripples.Wilmer Cutler Joins Forces With Hale and Dorr
In one of the largest actions of its kind, Wilmer, Cutler & Pickering and Hale and Dorr will merge into a single firm of more than 1,000 lawyers. The move comes as partner defections and practice disruptions elsewhere have seemed to cool enthusiasm for such unions. However, the two firms' chairmen noted there were similar cultures and few conflicts of interest in this case. Adds Wilmer Chairman William J. Perlstein: "We all recognize the work is just beginning."Case Against 'Goosebumps' Book Publisher May Proceed, 2nd Circuit Rules
The 2nd U.S. Circuit Court of Appeals has reinstated a shareholders' lawsuit that charges Scholastic Corporation misrepresented its financial condition to investors as a top executive cashed in the majority of his shares. The allegations concern Scholastic's popular children's series "Goosebumps," and the company's expansion of its distribution of the series beyond traditional retailers in 1996.Cravath Announces Reduced Bonuses For Junior Lawyers
Cravath Swaine & Moore on Monday announced year-end associate bonuses that for the most junior lawyers were at best half of what they received last year.Milberg Named Co-Counsel in Options Case
Despite its indictment on charges of paying illegal kickbacks to class action plaintiffs, a New York judge said Milberg Weiss can proceed in a consolidated suit over stock options backdating.Trending Stories
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