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How will Apple weather Jobs' absence
If investors were as visionary as Steve Jobs has proved to be during his 35 years of tech wizardry, they might be able to figure out whether Apple can still thrive if its founder and CEO doesn't return from his indefinite medical leave.But Jobs' prescience is a rarity, which is why doubt and anxiety will probably hang over the company until his fate is clearer.House Committee Holds Heated Session on Corporate Execs' Pay Packages
Lawmakers on Thursday addressed executive pay packages and perks -- an issue that rankles company shareholders and the public -- at a time when revelations of excess are surfacing almost daily. Rep. Barney Frank, D-Mass., wants Congress to give shareholders a greater say over executive compensation. Countering that proposal, Republicans say they have in the works a bill that will rein in lawyers. Said one Republican: "Trial lawyers are the ones who are sopping up investor wealth in this country."Citing a 'New Normal,' Weil Slashes 60 Associates, 110 Staffers
Citing a drop in demand for premium legal services that he called the "new normal," Weil, Gotshal & Manges managing partner Barry Wolf announced that the firm is trimming associate head count by 7 percent, laying off 110 non-lawyer employees.Punitive Damages in Federal Court After Exxon Decision
The Supreme Court case of Exxon Shipping, et al. v. Baker concerned the grounding of the Exxon Valdez super tanker in Alaska in 1989, and the oil spill damages resulting from that event. The Supreme Court reduced the punitive damages awarded by the jury based upon the application of federal maritime law, utilizing a one-to-one ratio to actual damages.Achtman, plaintiffs-appellants v. Kirby, McInerney & Squire LLP, defendants-appellees
Law Firms Not Liable for Malpractice for Failure To Sue Auditor in Ponzi-Scheme Securities Fraud CaseSeminal Remittitur Ruling Seems To Work for Defense Advantage
The shakeout from a state Supreme Court precedent that set guidelines for handling remittitur motions is not good news for plaintiffs, as a pair of recent rulings illustrates.McKenna Long reaps the rewards of expansion
With the completion of its merger with California-based Luce, Forward, Hamilton & Scripps, 2012 became the year for McKenna Long & Aldridge to reap the rewards in its financial statements, posting a 23.4 percent increase in gross revenue and a 14.6 percent boost to net income to go with its 20 percent jump in total lawyers.Trending Stories
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