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2008 GC compensation survey: party like it's 2001
Corporate Counsel's 2008 GC Compensation Survey shows that top legal officers at Fortune 500 companies raked it in. And that was true even for those heading the law departments at financial institutions that are reeling after the collapse of the subprime mortgage market. Once again, general counsel can thank lucrative cash bonuses that swell year after year. The average bonus jumped 17 percent, to $1.1 million. That's double the average salary. But will the good times last?Corporate Firms' Conflicts Making Rain for Litigators
Most firms dream of representing major investment banks or Big Five accounting firms. But smaller litigation shops are finding that in the Enron aftermath, which has enveloped a myriad of large firms and corporate entities in complex and conflicting relationships, the real money is in stepping into the void created by these conflicts and representing large companies suing the major banks and accounting firms.First-Party No-Fault Benefit Actions
Shlomo S. Hagler, a Civil Court judge in Manhattan, and Aaron H. Hauptman, his court attorney, analyze a type of litigation that accounts for about 25 percent of all new Civil Court filings.View more book results for the query "Related Cos"
11 charged in connection with credit card fraud
NEW YORK AP - The Department of Justice announced Tuesday that it had charged 11 people in connection with the hacking of nine major U.S. retailers and the theft and sale of more than 40 million credit and debit card numbers.It is believed to be the largest hacking and identity theft case ever prosecuted by the Department of Justice.Bear Stearns sale likely to lead to wave of litigation
Lawyers are predicting that JPMorgan Chase & Co.'s stock-for-stock buyout of The Bear Stearns Companies Inc. at the bargain-basement price of about $2 a share is likely to generate a wave of lawsuits against Bear Stearns by shareholders and employees. Anytime a company's stock price drops precipitously creative plaintiffs lawyers will develop a theory of liability, said Ivan B. Knauer, a Washington, D.C.-based partner in the commercial litigation practice group of Philadelphia's Pepper Hamilton.Pleading of Scienter Issues in Auction Rate Securities Litigation
In their Corporate and Securities Litigation column, Sarah S. Gold and Richard L. Spinogatti of Proskauer Rose discuss whether those who marketed auction rate securities should be liable for the losses suffered by ARS investors.Trending Stories
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