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July 03, 2007 | New York Law Journal

Newsbriefs

5 minute read
July 19, 2005 | Law.com

A Good Cop/Bad Cop Dynamic Scores Big

It was a good cop/bad cop strategy that won a whopping $6.13 billion settlement of the WorldCom Inc. litigation. The bad cop was plaintiffs' lawyer John P. "Sean" Coffey of Bernstein Litowitz Berger & Grossmann in New York, and the good cop was Coffey's partner, Max W. Berger. Teamed up against some of New York's largest firms, the duo scored a record securities fraud recovery that sent shock waves through every boardroom in the country.
7 minute read
April 29, 2010 | New York Law Journal

New York Firms Outperform Others in Am Law 100 Report

The results of The American Lawyer's annual report on the profitability of the nation's largest law firms, released online today, reflect the fact that firms have faced one of the toughest economic climates they have seen in years. Yet the figures are not as bad as firms predicted just a year ago. And the 23 New York firms, which are located at the epicenter of the financial crisis, outperformed the rest of their competitors on the list.
4 minute read
December 03, 2007 | Law.com

All's Too Quiet on West Coast Bonus Front

Weeks after top New York firms started announcing lavish bonuses on top of the usual year-end handouts, California's firms have made no moves -- except one. Quinn Emanuel is keeping up with the bonuses, just as it matched New York increases to associate salaries this year. "We've taken a position: equal pay for equal work," says partner William Urquhart, whose firm is promising to top the New York special bonuses by $5,000. Other West Coast firms may be balancing bragging rights against the bottom line.
5 minute read
May 14, 2004 | Law.com

WorldCom Class Action Suits to Remain in Federal Court

The rule that state actions brought under the Securities Act of 1933 cannot be removed to federal court is trumped by a bankruptcy rule that says suits should be removed where they "relate to" the bankruptcy action, the 2nd Circuit has ruled. Addressing a case of first impression, a two-judge panel said it was resolving what it called the close question posed by a direct conflict between the 1933 act and the bankruptcy removal statute.
4 minute read
December 14, 2004 | New York Law Journal

Newsbriefs

5 minute read
July 06, 2007 | New York Law Journal

British Media Company to Purchase ALM

4 minute read
November 03, 2009 | New York Law Journal

Cravath Announces Bonuses; Big Drop for Some

4 minute read
January 25, 2010 | Law.com

Lawyers Get an Earful After Obama Calls for New Bank Regulations

Since President Barack Obama announced plans to restrict the trading activity of banks, limit consolidation in the finance industry and prohibit banks from owning interests in hedge funds or private equity funds, lawyers' phones have been ringing off the hook as banks try to understand the proposals, pitch possible amendments and suss out the potential impact on foreign banks with operations in the United States.
4 minute read
June 09, 2006 | Law.com

David Boies III's Message in a Bottle

Plaintiffs attorney David Boies III faces perhaps his toughest battle yet against his latest adversary: big alcohol. With charges similar to recent allegations against tobacco and fast food companies, Boies has sued beer and alcohol giants over their alleged practices of marketing to minors. In seven state lawsuits, he has accused alcohol companies of orchestrating a "long-running, sophisticated and deceptive scheme" intended to "capture the minds, hearts and wallets" of young drinkers.
4 minute read

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