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WTC Insurance Dispute Becoming Increasingly Complex
The multibillion-dollar insurance dispute over the destruction of the World Trade Center is far from over, as WTC leaseholder Larry Silverstein seeks appeals of two key rulings by a federal judge in New York. The heart of the conflict is Silverstein's contention that the leveling of the towers was two occurrences for insurance purposes. Lawyers for the multiple parties in the dispute describe it as a case of mushrooming complexity.Claims Against Four WorldCom Directors Denied
A federal judge has dismissed claims accusing the audit committee of WorldCom Inc.'s board of directors of abandoning their oversight responsibilities amid the telecommunication company's massive fraud.IPO Plaintiffs Denied Class Certification
The Second Circuit U.S. Court of Appeals vacated class certification in six cases against IPO underwriters, complicating the future of more than 300 cases that make up the biggest consolidated securities class action in U.S. history.Circuit Orders Review of State's Attorney Practice in Connecticut
Large-Firm Associate Salaries Close In on $200K
A first-year salary of $200,000? Not quite yet, but with word that Williams & Connolly is raising pay for starting associates to $180,000 a year, the magic $200K mark is within shouting distance. Many in the legal community have been hearing that salaries are going to rise again -- and in a big way. How long, even in the face of client doubts and an economy that seems to be headed toward recession, before a big firm pulls the trigger on a $200,000 payday?Temporary Lawyering Has Changed
Temporary lawyering appears to be on the upswing, according to lawyers at several temp agencies in the New York area. Such a trend might well signal a return to flusher economic times, at least in terms of permanent employment opportunities for younger attorneys. And, says Arnold G. Schlanger, an attorney and head of a placement agency: "The stigma of temp work that might have existed 10 years ago is no longer there."Panel Reinstates Award Vacated for Litigator's Behavior
A New York appeals court on Tuesday reinstated a $16 million medical malpractice verdict that had been set aside due to what a judge had termed "reprehensible" courtroom conduct by the plaintiff's attorney. The appeals court returned the case to Bronx Supreme Court Justice Stanley A. Green, who had issued a scathing account of the attorney's actions and who will now consider a motion by the defendants saying that the verdict is excessive.Long, Strange Trip For Lawyer-Travel Agent
When Paul Metselaar left Morrison Cohen Singer & Weinstein in 1984 to join his family's struggling leisure travel business, he expected it to be nothing more than a brief interruption in his legal career. But 16 years later, he has still not returned to the law. Instead, drawing on his law firm experience, Mr. Metselaar has transformed the family business into a thriving travel management company, largely by focusing on travel arrangements for attorneys.Trending Stories
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