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After the magazine distributor Anderson News went into liquidation last year, its biggest remaining asset was antitrust claims against the publishers and wholesalers it blamed for its failure. But alas for Anderson, a Manhattan federal judge didn't think those claims were worth much at all.
Lawyers, Judges Embarrass Themselves in 2000
The year 2000 saw plenty of reminders that the law is a clumsy beast that does not always march forward. For some practitioners -- such as the judge who jailed a trio of men whose cell phones rang in his courtroom, a dogged foe of credit card issuers who owes $1.5 million in sanctions, and a lawyer who allegedly accepted drugs in lieu of his fees -- the law, it seems, was not even a guide.Late Surge in Billion Dollar Deals Hints at Rosy 2011 for BigLaw
Almost 20 deals in the $1 billion range were announced during the week that The Am Law Daily took its holiday break and the short period before.Tobacco Documents Archive Revealed
A little-known archive of potentially damaging tobacco industry papers accumulating in New York, detailing activities of two industry trade groups -- the Tobacco Institute and the Council for Tobacco Research -- is a "treasure without a treasure map," according to a lawyer familiar with it. If industry attorneys have their way, the treasure will stay concealed under a growing mountain of document boxes.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?
It's been more than 20 years since Banks and Cooney began representing John Thompson, a Louisiana death row prisoner. In that time, they've overturned his armed robbery conviction, had his murder conviction vacated, won his acquittal at his second murder trial, and won a $14 million jury verdict for him against the D.A. whose office convicted him. In the most recent development in the case, an even split among the Fifth Circuit judges who heard an en banc appeal of the jury verdict means the Morgan Lewis lawyers' client is still due $14 million.
On the Record With Walter Bardenwerper, GC of Watson Wyatt
Walter Bardenwerper is GC of Watson Wyatt, a global human capital and financial management consulting firm based in Arlington, Va., with a business history going back to the 19th century. The firm specializes in employee benefits, technology and insurance and financial services, and has offices in 32 countries. For Bardenwerper, one of the true delights of being an in-house attorney "is the opportunity to work with wonderful people at some of the best law firms in the world."New GC in the 'Big Blue' House
Last spring, Corporate Counsel chose 10 in-house lawyers that it predicted would become chief legal officer of a Fortune 500 company by 2010. One of them was Donald Rosenberg, vice president and assistant GC for litigation at International Business Machines Corp. Rosenberg didn't have to wait long. In October IBM promoted him to senior vice president and GC. Rosenberg, like his predecessor, has spent his entire legal career at Big Blue.A divided panel of the U.S. Court of Appeals for the Federal Circuit ruled that Lonza infringed on patents held by Martek Biosciences for harvesting the essential omega-3 fatty acid DHA. Invoking scientific taxonomy along with patent law, the panel found that one of Martek's patents for raising DHA levels in animals applies to humans, as well.
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