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MCI-Verizon Plans to Slash Legal Team
The proverbial blood may soon hit the floor, thanks to Verizon's proposed $6.7 billion acquisition of MCI. The two telecom giants currently boast 357 attorneys, a number set to shrink if the deal proceeds. And outside law firms would likely lose a big client as well. The deal is far from complete, but as Timothy Casey, MCI's former chief technology counsel puts it, "Every firm that has a telecom practice is going to get squeezed" by telecommunications industry consolidation.Delaware Vice Chancellor Leo Strine Jr. said that the board's approval of the controversial purchase of Barnes & Noble College Booksellers, as portrayed by the plaintiffs, had a "fishy smell." He refused to dismiss a derivative suit in which shareholders allege that the directors approved a sweetheart deal for Barnes & Noble chairman Leonard Riggio, who allegedly made more than half a billion dollars from the sale.
White House Lawyers Girding for Leak Investigation
As the Justice Department probe into who disclosed the identity of a CIA officer proceeds, White House Counsel Alberto Gonzales and his 10-lawyer staff will be tasked with answering investigators' demands for documents and interviews. The lawyers involved will have to make decisions about what to hand over and what to shield -- sticky issues for an administration that has been unyielding on assertions of executive privilege.Daily Decision Alert: Vol. 11, No. 226 -- November 24, 2003
Judges Shuffled in S.F. Superior Court
Judge James McBride will become the supervising judge for the San Francisco Superior Court's criminal division. The annual reassignments came with a mental health courtroom in January.Trending Stories
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