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The ABA is on board with the U.N.'s agenda on business and human rights, but lawyers are only starting to ponder the questions it raises. Should human rights influence legal advice? Did Shell's advisers go too far in Kiobel?
Well, It Could Have Been Worse: Lessons of The Am Law 100
That's the best that can be said for The Am Law 100 law firms last year. Three of four key categories fell, while profits per equity partner edged up by 0.3 percent (thanks to aggressive cost-cutting). And the tough choices are just beginning ...Ex-Broadcom GC Avoids Criminal Charges Amid Claims of Prosecutor Misconduct
Former Broadcom GC David Dull avoided criminal charges in a stock options backdating case this week following claims of prosecutorial misconduct. He is expected to reach a nonprosecution agreement with the government, according to court documents. Dull has not been criminally charged in the case but is considered to be a co-conspirator in the government's indictment, which leveled securities fraud charges against Broadcom's former CEO and former CFO. The SEC also sued Dull in a related civil action.Just the Fax? Not in This Big TV Deal
Recent court decisions are forcing today's entertainment lawyers to re-choreograph the Hollywood deal-making tango. "I'm telling my clients you don't have a deal until you have a signed document that contains or refers to every key deal point," says entertainment lawyer Edward Vaill. He ought to know. One of his clients was slammed last month when the Ninth Circuit effectively said "no deal" to a television licensing agreement his client thought it had clinched while schmoozing at the Cannes Film Festival.Now that an appellate court has reversed more than half of a $310 million judgment against Mattel, Bratz doll manufacturer MGA Entertainment, its insurers, and its former law firm are fighting over the leftovers.
A New York state appellate court has clamped down on an attempt by a group of hedge funds to get around the U.S. Supreme Court's Morrison decision. Reversing a lower court ruling, the appellate panel found that the hedge funds were barred from suing Porsche AG because neither the defendant nor most of the plaintiffs are New York state residents. The litigation was sparked by Porsche's 2008 announcement that it had amassed close to a 75 percent stake in Volkswagen, which was a disaster for hedge funds that had shorted VW's stock or made swap deals based on its share price.
Bondholder lawyer David Grais explains some of the hurdles facing investors stung by soured mortgage-backed securities. For one thing, he's exploring ways that disgruntled bondholders might sue big issuers anonymously, to avoid retribution by Wall Street giants.
Government lawyers sought Tuesday to put hundreds—if not thousands—of civil cases on hold, while regulatory agencies went dark and more than 1,000 Department of Justice lawyers across the country stayed home without pay.
Standards-essential FRAND patents were big news over the past week, as was litigation over Google's moneymaker AdWords. Plus, looking ahead to Supreme Court arguments in a case over sneakers that could leave a big footprint in patent and trademark law.
With legal battles forcing JPMorgan Chase & Co. to set aside an eye-popping $23 billion for litigation costs, several Am Law 100 firms are reaping hefty legal fees for their work representing the bank, including Sullivan & Cromwell, Wilmer Cutler Pickering Hale and Dorr, and Paul Weiss Rifkind Wharton & Garrison.
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