0 results for 'Mayer Brown'
Cendant $3.2 Billion Settlement Upheld, but Attorneys' Fee Award Must Be Reduced
In a hefty opinion brimming with important rulings, the 3rd U.S. Circuit Court of Appeals upheld the $3.2 billion settlement of a class action securities suit against Cendant Corp. and its auditors, Ernst & Young. The court, however, ordered that a $262 million attorneys' fees award be slashed, and in doing so, criticized the use of "auctions" to appoint lead plaintiffs' counsel in securities class action cases.Defense Has Tough Job Ahead As Andersen Trial Begins Today
DEFENSE LAWYER Russell "Rusty" Hardin holds a markedly different hand for the start of Arthur Andersen`s trial today than the one he held just seven weeks ago, when he sought a speedy trial for his client.Retrial Ordered in Nine-Figure Fraud Case
An en banc Superior Court panel has ordered a new trial in a case in which a Pennsylvania trial judge awarded $102.7 million to one of the owners of a property company identified as being at the center of a Ponzi scheme. On the losing side of the lower court's verdict was Ernst & Young, a predecessor of which had been hired to help reorganize the property company and a group of related entities for the purposes of federal bankruptcy proceedings in the late 1980s.Were dozens of banks complicit in the $3 billion fraud that toppled the cable company? With Judge Lawrence McKenna's refusal to grant the banks' motion to dismiss the Adelphia trustee's case against them, we may get an answer.
Gross v. German Foundation Industrial Initiative et al
Claims by victims of Nazi-era wrongs, that German companies owe "interest" on their payments to a reparations fund created with the substantial involvement of the United States and German governments, are not subject to the political-question doctrine and, therefore, are justiciable.The New Way to Manage Law Firm Knowledge
Blake Bell's office is a mess. Folders, magazines, books, binders, and papers are haphazardly scattered everywhere - on desks, computers, chairs, even the floor. Nothing unusual there. Many lawyers wouldn't win tidiness awards. But it's a seemingly incongruous image for Bell, who last March was put in charge of organizing the information within Simpson Thacher & Bartlett.Do the federal courts have to abide by Florida Supreme Court rules that relieve plaintiffs in smoker suits from the burden of proving that tobacco companies knowingly sold dangerous products? The industry says that's unconstitutional, but plaintiffs lawyers say it's just common sense.
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