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Attorney Fees: To Advance or Not to Advance?
Most companies promise to advance attorney fees and litigation expenses to executives who face criminal or civil litigation and to indemnify such executives. But is there a point at which a company does not have an obligation to advance defense attorney fees to admitted or proven wrongdoers? Is there a point at which defense costs become unreasonably excessive? Attorney Robert J. Giuffra Jr. addresses such issues concerning the advancement of attorney fees to current and former corporate executives.A Year Of Transition In Eastern District Of Pa.
For the judges of the Eastern District of Pennsylvania federal bench, 2003 will be remembered as the year that Judge Jay C. Waldman died and the year Judge Harvey Bartle III learned that he is likely to serve as the court's next chief.Topical Index to State Case Digests
State case digest headnotes.Regulator Reveals Litigation Costs for Ex-Fannie Mae Execs
Recent disclosures from the Federal Housing Finance Agency reveal that lawyers representing former Fannie Mae executives Franklin Raines, J. Timothy Howard and Leanne Spencer have received a total of $6.3 million for defending the trio in shareholder suits since Fannie Mae was placed into a conservatorship last year. A close look at court documents indicates that Williams & Connolly, Zuckerman Spaeder and Mayer Brown are the firms representing the three executives.Los Angeles federal judge Mariana Pfaelzer denied motions by Countrywide, its auditors, its underwriters, and its outside directors to dismiss an amended shareholder class action against them. The ruling comes less than four months after Judge Pfaelzer denied motions to dismiss the plaintiffs' first complaint. She has also refused to dismiss a shareholders derivative suit against several Countrywide directors and officers.
Recoveries of $1 Million and Above
2009 Almanac - Recoveries of $1 Million and AboveTrending Stories
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