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What do you get when two billionaire yachtsmen spare no expense to win the coveted sailing trophy? The highest-tech boats on the sea, which is great. But also apparently endless litigation, which we're committed to covering until they shut up and race the damn things.
Travelers Casualty & Surety Co. v. Gerling Global Reinsurance Corp. of America
�Follow-the-Fortunes� Doctrine Applied to Plaintiff�s Post-Settlement Allocation; Indemnification RequiredNew York Court of Appeals Roundup
A divided Court of Appeals interpreted statutory indemnification provisions in a 4-3 decision of importance to directors and officers who may wish to retain counsel separate from that of the corporation in defending a suit arising out of their position. This month we discuss that decision, Baker v. Health Management Systems, Inc., and well as Mahoney v. Pataki, in which the Court found that its capital case fee schedule`s provision for legal and paralegal assistance is reasonable .Progress Proves Elusive for Diversity in the Legal Profession
Five years ago this month, Roderick Palmore wrote "A Call to Action" -- a pledge signed by the general counsel of some of the country's largest corporations vowing to make diversity a major consideration in their selection of outside counsel.The 2010 Lateral Report Starring Roles
When Laura Brank (photo at left), who was managing partner of Chadbourne's Moscow and St. Petersburg offices, defected to Dechert's new Moscow group last November, the departure caused something of a cold war. Brank is one of this year's star laterals, our picks for the most important partner moves of 2009.Last January Manhattan federal district court judge Harold Baer denied class certification in two cases brought by purchasers of mortgage-backed securities. The purchasers had different levels of sophistication and knowledge about loan underwriting guidelines and practices, he found. In a case of first impression, the Second Circuit on Thursday granted an interlocutory review.
BlackRobe Capital may have been backed by plenty of high-profile legal talent, but it turns out that wasn't enough to keep the litigation funding firm afloat.
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