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Will what's been billed as the largest and most complex prosecution of environmental crimes in history be derailed by alleged prosecutorial misconduct? A hearing Friday may answer the question.
3M Again Stuck With $68M Antitrust Verdict
In one of the country's most closely watched antitrust cases, the 3rd U.S. Circuit Court of Appeals on Tuesday upheld a $68 million verdict against office supply giant 3M -- the maker of Scotch-brand tape and Post-it Notes -- in a monopoly suit brought by LePage's Inc., a now-defunct Pennsylvania company that claimed 3M used exclusionary tactics to force it out of the market for transparent tape.Lateral Partner Moves Spiked in 2009, New Report Shows
By most measures, 2009 was a dismal year for the legal industry. One notable exception to the drumbeat of record layoffs and bankruptcy actions: By our count, there was also a record number of lateral partner moves in The Am Law 200. In the 12 months ending Sept. 30, 2009, 2,775 partners left or joined the biggest firms in the United States -- a 10.6 percent increase in mobility over last year. Litigation partners led the pack, but banking and finance partners were close behind.Associate's Failure to Keep Secrets a Cautionary Tale for Young Lawyers
A former M&A associate at Cravath, Swaine & Moore appears to have unwittingly served as the source of confidential information at the heart of the latest insider-trading case brought by federal prosecutors in Manhattan. Assigned to the deal team advising longtime firm client IBM on its 2009 acquisition of analytics software maker SPSS, the Cravath lawyer shared details about the pending transaction with a friend, who in turn fed them to two former stockbrokers charged Thursday with running an insider-trading scheme that yielded $1 million in illicit profits.For the second time, Manhattan federal district court judge Shira Scheindlin has ruled against Morgan Stanley in a case alleging it defrauded noteholders in a failed structured investment vehicle.
The D. C. Metro Area's Largest law Offices
From the 150 biggest players in the Washington legal market, ranked by head count.More than 1,000 African-American financial advisers and trainees don't have enough in common to be certified as a discrimination class, according to a Chicago federal judge.
In re Federal-Mogul Global, Inc.
Where the unendorsed check was delivered to the payee's depository bank for collection, with which it had a lock-box arrangement, the depository bank became a holder and was entitled to enforce the check, and the check was properly payable when presented to the drawee bank, which was entitled to charge the account of the drawer, notwithstanding the depository bank's failure to credit the correct account; the drawee bank had no liability for paying the check and its motion for summary judgment is granted.Jones Day Demotes 5 London Partners
Jones Day has demoted a number of London partners over the last year, with five former partners now serving as of counsel at the firm. The demotions, first reported on legal blog RollOnFriday, equate to nearly 10 percent of the firm's London partnership, which currently lists 48 partners on its Web site. News of the role changes follows a number of lateral partner moves over the course of the year, with the London office losing one partner and gaining two in recent months.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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