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Private RICO Suit Reopened Against Alcoa Following Hiatus
From its Pittsburgh headquarters over the last two decades, Alcoa directed the bribery of Bahraini officials and business leaders, which resulted in $400 million in profits for the global aluminum giant, according to a private racketeering suit filed by Aluminum Bahrain, or Alba. A federal judge denied Alcoa's motion to dismiss the claim this week.Rogers & Wells Adopting British Pay System
When London-based Clifford Chance recruited its first U.S.-qualified lawyer in New York just seven years ago, senior partner Keith Clark, to ease suspicion, called his counterparts at top Manhattan firms to tell them his firm would do no more hiring here and had no intentions of developing a comprehensive U.S. practice. It is a different story now. Not only has Clifford Chance become an international legal behemoth, it will start compensating U.S. partners British style, in a modified lockstep system.
N.J. Merger Activity Up in '06
New Jersey mergers and acquisitions enjoyed a rebound in 2006, following a fall-off in the prior year. Deal statistics culled by Thomson Financial of New York, which tracks publicly traded companies' M&A activity, show the value of the 30 largest deals in New Jersey reached $71.8 billion, nearly double the value reported for 2005, but still less than the $81.7 million rung up in 2004. Two 2006 deals, involving Johnson & Johnson and Lucent, accounted for $31.3 billion, or nearly half of the top 30 total.Businesses Win End to Multiple Apartheid Suits
A federal judge in New York has dismissed a series of cases in which plaintiffs sought to recover billions of dollars from a host of companies who did business with the regime in South Africa during the days of apartheid. The judge found there was no jurisdiction to entertain the cases -- which were brought under the Alien Tort Claims Act against companies including IBM -- because there had been no showing that the companies violated international law.What the Associates Think of Pennsylvania's Larger Firms
Associates in Philadelphia's and Pittsburgh's larger firms are making the grade, according to results of the annual midlevel associate survey conducted by The American Lawyer magazine.Trending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4Meet the Lawyers on Kamala Harris' Transition Team
- 5Trump Files $10B Suit Against CBS in Amarillo Federal Court
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