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Carpenters Nail Actuary for $40 Million
The pension fund for Connecticut's carpenter unions seemed to be in good shape, until consultants Watson, Wyatt & Co. sent in a new actuarial group. The new team quickly realized that things were seriously wrong and took corrective steps. But the damage was done. Watson Wyatt agreed it had to pay for losses from its miscalculations. But just how much became a multimillion-dollar federal case.'Pippins v. KPMG' Order Highlights Preservation Burdens
Attorneys H. Christopher Boehning and Daniel J. Toal review a case now awaiting a New York federal judge's opinion that could radically alter the scope of ESI preservation obligations.Associates: Closing a Gender Generation Gap
Younger female associates are struggling to balance careers and families, but they are less likely than their male counterparts to be married or to be parents. Part of the problem, according to some of the new generation, is the example set by female partners, who are described as "barracudas" or "men in women's clothing."Kirby McInerney and shareholder activist Ted Frank continue to fight over the rate for contract attorneys who worked on on a securities class action against Citigroup. Kirby McInerney submitted a fee request for the suit's settlement that values the attorneys' time at up to $1,000 per hour; Frank says it should be around $50.
Chancellor William Chandler III is known for decisions that gave broad deference to corporate boards, including the 2006 Disney decision and this year's Airgas ruling. Vice Chancellor Leo Strine appears to be the leading candidate to succeed him. Chandler hasn't yet identified the firm he'll join.
District Judge Barbara S. Jones U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Judge Jones Opinion & Order Plaintiff Amy Gurvey brings c
Ever since Visa and MasterCard reached a $7.2 billion agreement to resolve merchant claims over credit card "swipe fees," critics have been coming out of the woodwork. Now they've formally opposed the class action settlement in court, with the objector's lawyers at Constantine Cannon warning of "serious risks" if the deal is approved.
Lawyer Helps Paper-Maker Bowater Merge With Former Rival Abitibi
Overseeing the legal issues of a merger that will create North America's third-largest publicly traded pulp and paper company was a lot like "herding cats," said Troutman Sanders partner William C. Smith. Smith was the lead corporate adviser to Greenville, S.C.'s Bowater on its merger agreement with Montreal's Abitibi-Consolidated. Completing a cross-border transaction of this type is tricky, says Smith, involving "disparate egos" -- not to mention that much of Abitibi's business is conducted in French.Trending Stories
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