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Litwin v. The Blackstone Group, L.P., 09-4426-cv
Publication Date: 2011-02-15
Practice Area: Business Law
Industry:
Court: U.S. Court of Appeals, Second Circuit
Judge: Before: Miner, Cabranes, and Straub, C.JJ.
Attorneys:
For plaintiff: David A.P. Brower, Brower Piven, PC, New York, NY (Caitlin M. Moyna, Brower Piven, PC, and Samuel H. Rudman, David A. Rosenfeld, and Mark M. Millkey, Robbins Geller Rudman & Dowd LLP, Melville, NY, on the brief), for Plaintiffs-Appellants.
For defendant: Bruce D. Angiolillo, Simpson Thacher & Bartlett LLP (Jonathan K. Youngwood, on the brief), New York, NY, for Defendants-Appellees.
Case number: 09-4426-cv

Cite as: Litwin v. The Blackstone Group, L.P., 09-4426-cv, NYLJ 1202481597161, at *1 (2nd Cir., Decided February 10, 2011)Before: Miner, Cabranes, and Straub, C

December 23, 2005 | Law.com

Power Company Calpine Files Year's Largest Bankruptcy

Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.
7 minute read
December 01, 2005 | The American Lawyer

Life Beyond Larry

On a quiet Friday in July, Larry Sonsini, the best-known lawyer in Silicon Valley, dropped a bomb on his partners at Wilson Sonsini Goodrich & Rosati: He was preparing to join Silver Lake Partners, a private equity firm with billions invested in tech companies like Ameritrade, Seagate Technology, and Thomson, as chairman. As one lawyer tells it: "On July 29 he decided he was leaving, and a press release was drafted."
17 minute read
March 04, 2010 | New York Law Journal

New Deals

AIG has agreed to sell its Asian insurance unit to Prudential PLC for $35.5 billion. Proceeds from the sale will allow AIG to pay back more quickly the $180 billion it received from the federal government to help it stay in business. Also, the Coca-Cola Company is acquiring the North American operations of Coca-Cola Enterprises, its largest bottler, in a transaction worth more than $13 billion.
6 minute read
July 31, 2008 | The American Lawyer

Associates Survey 2008

To find out how Midlevel associates rate their firms as workplaces, our annual midlevel survey examined 12 areas that contribute to job satisfaction. They include relations with partners and other associates, the interest and satisfaction level asso-ciates have in their work, training and guidance, policy on billables, management openness about firm strategies and partnership chances, the firm?s attitude toward pro bono work, compensation and benefits, and the respondents? inclination to stay at their firm for at least two more years. Respondents graded their firms on a scale of 1 to 5, with 5 being the highest score. On this chart, firms with ten or more responses are ranked by their averages on those questions. Averages include responses from all participating of-fices. For definitions of national and international firms, and for other details, see our methodology
18 minute read
April 15, 2005 | Law.com

'Extraordinary Payments,' SEC Escrow Authority at Issue in Key 9th Circuit Decision

The 9th Circuit recently issued a decision in a closely-watched case, endorsing the Securities and Exchange Commission's first exercise of its authority under �1103 of the Sarbanes-Oxley Act. That provision authorizes the SEC to get an escrow order freezing assets when it establishes in a federal district court that a public company is likely to make an extraordinary payment to an officer, director or agent while the agency is investigating whether the company or that person has violated securities laws.
12 minute read
Watch It Live: Barry Ostrager and Maureen Mahoney to Argue America's Cup Case
Publication Date: 2009-02-09
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Who will challenge the Alinghi syndicate in the world's premier sailing race in 2010? That's a matter to be decided not on the water, but in New York's highest court. And the legal talent making arguments may make this contest as exciting as a regatta on a windy day.

ERISA Plaintiffs Settle with Bear Stearns for $10 Million
Publication Date: 2012-03-21
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A long-running ERISA class action against Bear Stearns ended with a whimper this week when employees who claimed to have lost $215 million when their retirement savings were invested in Bear Stearns stock agreed to settle for $10 million.

Cleary Sanctions Argument Set for Tomorrow
Publication Date: 2008-06-24
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America's Cup Fight Continues in Courts, No Sign Yet of the Sea
Publication Date: 2009-07-31
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What do you get when two billionaire yachtsmen spare no expense to win the coveted sailing trophy? The highest-tech boats on the sea, which is great. But also apparently endless litigation, which we're committed to covering until they shut up and race the damn things.

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