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January 09, 2006 |

News in Brief

A Philadelphia judge has certified as a class all Pennsylvania Wal-Mart employees who believe they were not compensated for rest and meal breaks they allegedly missed over the course of the past seven years.
5 minute read
December 08, 2009 |

Supreme Court Likely to Leave Accounting Oversight Board as Is

The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002. Congress created the Public Accounting Oversight Board in the aftermath of the Enron and WorldCom accounting scandals, giving the board broad and independent power to regulate accounting firms, which had been self-regulated before. The suit challenges the board's constitutionality as too insulated from presidential power.
3 minute read
June 16, 2006 |

Increasing Competition in China Causes Friction for Law Firms

In China the rules state that U.S. firms can't practice Chinese law nor can the Chinese lawyers who work for them. Since the influential Shanghai Lawyers Association denounced what it said were Western firms' widespread violations of those rules, leaders of foreign and domestic firms have been abuzz over the possibility of a government crackdown. The use of Chinese lawyers as "legal consultants" isn't the only cause of friction between foreign and Chinese firms.
6 minute read
June 18, 2007 |

Conflict Looms Over Executive Privilege

Democrats have long believed that the DOJ's plan to fire U.S. Attorneys began in the White House, and last week they proved willing to take the investigation to its doorstep by subpoenaing former Bush aides. White House counsel Fred Fielding hasn't budged from his first response to congressional inquiries in March: no transcripts and no public testimony. But many observers say the subpoenas are likely to force the White House to find a middle ground, even if it takes a protracted legal fight to get there.
7 minute read
October 03, 2003 |

Directors' Concern Increases Over Executive Pay

It seems the reformers are not finished with the corporate boardroom. This time the issue is executive compensation, propelled to the front lines by the scandal over former New York Stock Exchange Chairman Richard Grasso's $188 million compensation package. The Grasso pay flap is the latest in a series of events causing corporate directors to wonder if they too could be blamed for how they go about paying company executives.
6 minute read
March 31, 2004 |

Vermont Torts to Govern Suit Against IBM

A Westchester County, N.Y., judge has ruled that a teenager with birth defects can sue IBM in New York under the laws of Vermont, where the young woman's father worked in an IBM factory and allegedly contaminated his pregnant wife with chemicals. The ruling establishes tort rights for Vermont plaintiffs among those suing IBM in New York over chemicals at its plants in East Fishkill, N.Y., and Burlington, Vt.
3 minute read
May 07, 2002 |

Miami Lawyer Loses Enron Assignment to New York, Houston Firms

In a surprising turn of events, the firms Kronish Lieb Weiner & Hellman in New York and McClain & Siegel in Houston outmaneuvered Scott L. Baena, a partner with Bilzin Sumberg Dunn Baena Axelrod & Price in Miami, and jointly won the position as counsel to the Severed Enron Employee Coalition (SEEC). In January, Baena was retained by the SEEC to win a separate, employee-only committee.
4 minute read
December 08, 2009 |

Justices Reluctant to Tinker With SOX Oversight Board

The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002.
3 minute read
June 03, 2005 |

Breathing Down on California

Brent Coon sees the future of lung litigation, and it's far beyond his Texas headquarters. But the prospect of Texas attorneys moving to California worries local lung lawyers.
7 minute read
July 23, 2001 |

Death of a 'Pac-Man'

Indianapolis doesn't spring to mind when we think of cutthroat lateral hiring. But Johnson Smith has long been that town's rebel, regularly raiding the larger firms for top talent. The "Pac-Man" firm, Indy lawyers called the fast-growing Johnson Smith, which peaked at more than 60 transplants. Live by the lateral sword, die by the lateral sword -- on May 8, after merger plans fell through, the firm called it quits.
2 minute read

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