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Cleary Sanctioned for Trying to Interfere With Testimony
A federal judge has sanctioned Cleary Gottlieb for trying to dissuade a witness from testifying about his dealings with the Republic of Congo, which the firm is representing in a dispute with a hedge fund. Judge Loretta Preska said Cleary had "shown a willingness to operate in the murky area between zealous advocacy and improper conduct, and here it crossed the line." She ordered that a reprimand be circulated to all Cleary lawyers and that the firm be assessed attorney fees for the sanctions motion.9-11 Aftermath: Recovering Losses TWO SUITS HOW MUCH LITIGATION?
Business Interruption Claims Are Starting to Raise IreAntitrust Furor for Smithfield's IBP Offer
Smithfield Foods Inc.'s unsolicited $4.1 billion bid for meat-packer IBP Inc. is eliciting howls of protest from farm and antitrust advocates. Efforts in Congress to crack down on agribusiness mergers include one bill giving the U.S. Department of Agriculture power to block mergers and another bill imposing daily fines on companies that complete anticompetitive deals.How to kill the holiday party fun
With so many rules, and so little fun the Carriest wonders what happened to the raucous holiday party?Lowenstein Hikes First-Year Associates' Salary to $140,000, Starting Next Year
Lowenstein Sandler broke from the pack of New Jersey's home-grown firms Thursday and announced it would pay first-year associates $140,000 next year, a $15,000 increase.2nd Circuit Upholds Verdicts in Multibillion-Dollar World Trade Center Insurance Dispute
Ruling in one of the largest and most emotional insurance fights in history, a federal appeals court on Wednesday rebuffed World Trade Center leaseholder Larry Silverstein's attempt to win at least $2 billion more from insurers on the theory that the airplane attacks on Sept. 11, 2001, were two separate occurrences. The ruling by the 2nd U.S. Circuit Court of Appeals is likely the final resolution of a massive insurance dispute in which Silverstein has been awarded about $4.5 billion.Liu Leaves IKON for Toll Bros.
Don Liu, one of the region's most visible in-house lawyers, has decided to leave his position as general counsel at IKON Office Solutions to join luxury home building giant Toll Bros. Liu will be replaced at IKON - where he was hired to build an in-house legal department six years ago - by one of his top deputies, Mark Hershey.Trending Stories
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