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In the DOJ's ongoing campaign against money-laundering banks, RBS has agreed to forfeit a half-billion dollars to resolve allegations that its predecessor, ABN Amro, helped Iran, Libya, Sudan, and Cuba move money through the U.S. financial system.
Pro Bono: Public Interest Projects
Especially at the holidays, it is important to acknowledge the members of New York's legal community who combine doing well financially with doing good for the less fortunate. This month, charitable efforts in aid of children are in the forefront. Also, firms and individuals are recognized for their ongoing commitments.Thousands of Asbestos Cases Clear Hurdle After Ruling
A unanimous ruling by the Georgia Supreme Court on Monday cleared the way for thousands of asbestos cases pending in Fulton County and Cobb County courts to go forward. A 2005 Georgia law that made it more difficult for asbestos and silica plaintiffs to succeed on their claims had called into question the viability of the cases. But the state high court struck down the retroactive application of one of the hurdles placed by the statute.Adding CGO to Executive Alphabet Soup
A new type of corporate executive is on the rise, spurred by a mix of new laws, litigation fears and marketing strategies. The executive is the chief governance officer, or CGO, typically a legally trained executive who oversees a company's coprporate governance issues and acts as a liaison with the board and the investing community.Coke's Problems Far From Over, Some Predict
Coca-Cola offered no details when it announced a tentative settlement of a racial discrimination suit last month. The message to 2,000 members of a potential class was "Trust us." Whether Coke's problems are over will depend in large part on the class members' willingness to extend that trust.2002 Associates Survey: From Allen & Overy to Lowenstein Sandler
The firm-by-firm breakdown of responses to the survey.Dedication To Detail Defines A Career
At 95, Randolph W. Thrower has seen his share of the foibles and failings of humankind. In nearly seven decades spent practicing law, he's gone head-to-head with a U.S. president-and lost his job in the process; resisted political pressure to place a man later jailed for his part in the Watergate break-in into a top government post; rooted out Communist sympathizers for the FBI and seen a defendant he represented in a capital case put to death for a crime he may not have committed.Corporate Counsel magazine's annual survey of general counsel, out this week, tells a familiar story: A nearly unchanged roster of corporations hired (mostly) the same giant firms, and they made the same demands about alternative billing and reduced fees. But this year, there's a twist--clients actually seem to mean it. Plus: Who represents the Fortune 100?
Facebook's first-ever trial is a win for the social network behemoth, but it was a bit of a narrow escape.
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