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N.J. High Court Weighs Corporation's Duty to Indemnify Outside Counsel
When a corporation hires outside counsel, should the lawyer be entitled to indemnification if things goes awry? It's an unsettled point of law in New Jersey, and it will be decided by the state Supreme Court. In the case at issue, the Appellate Division found that outside counsel becomes a corporate agent if he performs essentially outsourced company functions. But in oral arguments last week, at least one Supreme Court justice indicated that companies don't need to indemnify paid outside counsel.Securities Act Class Action: SLUSA Nixes State Jurisdiction
Mitchell A. Lowenthal, a partner at Cleary Gottlieb Steen and Hamilton LLP, and Timothy M. Haggerty, an associate at the firm, write that SLUSA gave federal courts exclusive jurisdiction over claims brought under the Securities Act. Nevertheless, plaintiffs have continued to bring class claims under the Securities Act in state courts, arguing that SLUSA left open a loophole for class actions solely raising claims under the Securities Act.When Confidential Settlements Become Discoverable
Secrecy is often a key component to settlement negotiations, but there are occasions when confidentiality is trumped by competing legal principles or practicalities.View more book results for the query "Related Cos"
N.J. High Court Weighs Corporation's Duty to Indemnify Outside Counsel
When a corporation hires outside counsel, should the lawyer be entitled to indemnification if things goes awry? It's an unsettled point of law in New Jersey, and it will be decided by the state Supreme Court. In the case at issue, the Appellate Division found that outside counsel becomes a corporate agent if he performs essentially outsourced company functions. But in oral arguments last week, at least one Supreme Court justice indicated that companies don't need to indemnify paid outside counsel.Trial set in Calif. for Latin American banana workers who claim pesticide left them sterile
LOS ANGELES AP - The pesticide was designed to kill worms infesting the roots of banana trees on Latin American plantations.But at least 5,000 agricultural workers from Nicaragua, Costa Rica, Guatemala, Honduras and Panama have filed five lawsuits in this country claiming they were left sterile after being exposed in the 1970s to the pesticide known as DBCP.Bernanke's stimulus spurring employment in housing
Consumers rely on loans to buy cars and homes, so these segments of the economy are among the most responsive to Federal Reserve Chairman Ben S. Bernanke's strategy of holding interest rates low and pressing on with bond purchases of $85 billion a month.The next big wave to hit the Gulf Coast may be litigation
While many lawyers and bar associations are helping their Gulf Coast colleagues and others face the aftermath of Hurricane Katrina, some say the next big wave to hit the region could be litigation.Trending Stories
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