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The Norwegian oil company Statoil briefly held the record for the biggest FCPA fine when it entered into a deferred prosecution with the Justice Department in 2006. But after three years of good behavior, the company can put that all behind it now.
For two decades the Federal Circuit has debated inequitable conduct, with two lines of cases holding claimants to vastly different standards of proof. The result: double the number of inequitable conduct claims. Now a Federal Circuit judge is calling for his colleagues to bridge the schism, once and for all.
Merger Means Shuffling of Legal Teams
Honeywell employs about 70 in-house lawyers; AlliedSignal has 64. Honeywell's top legal officer, Edward D. Grayson, will work on the integration team, but he has not determined whether he will remain once that process is completed. The new firm, which will be called Honeywell and will have its headquarters at AlliedSignal's Morristown, N.J., base, will also pare away an undetermined number of in-house attorneys, AlliedSignal Inc.'s top legal officer, Peter M. Kreindler said.A federal judge in New Orleans has accepted BP's $4 billion criminal plea agreement over its role in the catastrophic 2010 oil spill that fouled the Gulf of Mexico. But BP's lawyers still have plenty of work to do managing the company's massive liabilities over the disaster.
New, Costly Obstacles for Overseas Commerce?
Border delays. Export restrictions. Trade sanctions. Overseas investment vulnerability. The international trade sector is bracing for the ripple effects of the Sept. 11 attacks and America's unfolding war. Already, businesses are reporting a slowdown in moving goods into the country, as the U.S. Customs Service remains on its highest level of alert. Trade experts anticipate there will be more repercussions still.Midlevel Associates Survey: Firms Improve, but Complaints Continue
With the results of The American Lawyer's 2006 midlevel associates survey comes the realization that not necessarily every associate aims for partnership. But one thing that has stayed the same is the level of frustration. And though the lack of communication between associates and partners continues to be a major gripe, at least one firm has taken heed of last year's poor survey score to make improvements. Plus: Take a look at how smaller and midsize boutiques rank against Am Law 100 and 200 firms.Trending Stories
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