0 results for 'Dechert'
Fox Rothschild Puts Brakes on First-Year Salary Hikes
Fox Rothschild announced Tuesday that it wouldn't increase first-year associate salaries for its incoming September class, instead holding the line at $125,000. "We said to ourselves that there are financial implications to raising associate salaries and there was no appetite for our partners to absorb it," said administrative partner Mark L. Silow. At the same time, the firm has enhanced several aspects of its bonus pool, according to Silow.BigLaw Firm Sues FDIC, Won't Turn Over Docs on Execs at Failed Banks
McKenna Long & Aldridge is suing the Federal Deposit Insurance Corp. claiming that the agency is unlawfully demanding that the law firm turn over records pertaining to executives of failed banks.Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.
Potential Damages of $5 Million Awarded in Fen-Phen Suit
A Philadelphia jury awarded $5 million in potential damages Wednesday to a Utah woman, in what her attorneys say is the largest verdict for a fen-phen plaintiff alleging heart valve damage since the national multibillion-dollar class action settlement of fen-phen litigation in 1999. In the liability phase of the process, the jury will decide if defendant Wyeth Corp. must pay the damages. Wyeth's general counsel called the award "grossly excessive and unsupported by the evidence."BigLaw Firm Assembles Masters of Disasters
Covington & Burling is kicking off the New Year with some pretty big announcements. Former D.C. Attorney General Peter Nickles, who was a Covington partner before joining the administration of D.C. Mayor Adrian Fenty, will be returning to the firm to chair a new crisis management practice.GC Helps Red Hat Change the Technology World
Red Hat Inc., the world's leading open-source and Linux software provider, offers a comprehensive line of software subscriptions, services and support. Its customers include a constellation of academic and research institutions, all levels of government and a who's-who list of corporations. GC Michael Cunningham says "it is a privilege to participate in a company like Red Hat that is doing some good around the world as well as making a profit."Calif. Justices Snuff Out Free Smokes, but Leave Record Fine in Doubt
The California Supreme Court ruled Thursday that state limits on cigarette giveaways can stand, but a record $14.8 million fine might be excessive. The opinion focused on the Legislature's intent in passing the law, which aims to prevent children from taking up smoking by limiting tobacco hand-outs on public property. The justices remanded the issue of the fine to a trial court to weigh the eight-figure judgment against R.J. Reynolds Tobacco Co.Trending Stories
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