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Former Clients File Malpractice Suit Against Milbank
Two former clients have sued Milbank, Tweed, Hadley and McCloy, charging the firm with malpractice, breach of fiduciary duty and breach of contract over the firm's work on the financing of a failed Nebraska ethanol project.2003 NYLJ 100 Largest Law Offices
By most accounts, it has turned into a good year for New York's law offices. Buttressed by a booming economy that enjoyed 7.2 percent GDP growth in the third quarter, 57 of the 102 offices listed in the NYLJ 100 expanded in 2003. Track all the gains and losses in this annual report from the New York Law Journal Magazine.General Counsel in the Money and in for More
Deval L. Patrick must have given up a lot to become general counsel at The Coca-Cola Co.In order to compensate him for the hit he took in leaving his prior post as GC at Texaco, Coke gave him stock options valued at $19.4 million. And a decade's credit in its retirement plan. And a $1 million "make whole" payment-he got half last year, and the other half this year.School Voucher Drive Aims at Washington
As the U.S. Senate prepares to debate education reform this week, the fight over school vouchers is likely to be symbolic as well as substantive. Democratic resistance will be strong, and even if Republicans get everything President Bush wants, federal education funding won't cover the tab for private school tuition. No matter what happens on Capitol Hill, the fight over school choice is far from over.Suits Abound by Users Claiming Addiction to Oxycontin
The debate triggered by radio talk show host Rush Limbaugh's announcement 10 days ago that he was undergoing rehabilitation to kick an addiction to OxyContin did not surprise lawyers who have been battling over the painkiller drug since 2000. That's when the first suit was filed against OxyContin's manufacturer. Since then, 285 state and federal suits in more than 20 states, including class-action complaints, have been brought against the privately held company, Purdue Pharma LP of Stamford, Conn.In the shakeout on Wall Street, Bank of America has emerged as one of the few winners. But in a New York federal courtroom last Friday, B of A was a big loser.
Court May Stop Suspicious Spouses' Secret Phone Recordings
The federal appeals court for Georgia, Florida and Alabama has unanimously thrown out its 29-year-old precedent that said wiretap laws do not apply to a husband secretly recording his wife's telephone conversations. But the court split 7-4 in deciding that their ruling should apply retroactively to an Alabama man who secretly placed a recording device on a phone in his home, which he was sharing with his soon-to-be ex-wife.Trending Stories
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