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For the first time, China's securities regulator has agreed to turn over audit documents related to an ongoing SEC investigation of a U.S.-listed Chinese company.
Summer Associates Survey 2011: A Season In the Sun
After two years of economic anxiety, summer associates rediscover their optimism.Associates: Desktop Decorating
What's an expressive attorney to do? Once he was limited to wearing plaid ties and paisley suspenders. Now he can set loose flying toasters on his screen or rolling sushi on his desktop.An associate may have no control over the halls, but his office is his castle. A National Law Journal survey has uncovered a scary array of ways to personalize one's desk.Associate Bonus Memos Give Hints On Firms' Finances for Past Year
No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier
With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.
Shoring Up a Faltering Shearman
After a tough few years, Shearman & Sterling has a new leader charged with keeping the 133-year-old patrician firm in the top tier.The private equity industry enjoys a charmed life, with a business model that involves minimal risk and huge payoffs. But is it possible that PE firms—which have thwarted efforts to rein in their special privileges—might not always get their way?
Cite as: Eric Reisner v. Litman & Litman, P.C., 18527/07, NYLJ 1202473385518, at *1 (Sup NA, Decided September 14, 2010).Acting Justice Daniel Palmieri
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