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The anatomy of an acquittal in the W.R. Grace asbestos trial
A federal jury acquitted chemical products company W.R. Grace and three of its former executives on May 8 of charges that they knowingly distributed asbestos at a former vermiculite mine in Libby, Mont. More than 200 local people have died there, and several more were sickened, from the contamination. Mayer Brown's David Krakoff, who represented one of the executives, discussed how the case turned in W.R. Grace's favor.Like many, Mayer Brown weathers the storm
Mayer Brown has lost at least 15 partners in recent months, as the firm prepares to report a double-digit percentage drop in 2008 profits. Some partners say 2008 profits are anticipated to be down by 25%, but chairman Jim Holzhauer said that he expected the slide to be only half that figure. "Being down 12% in this economy is something that isn't that hard to take," he said.Justice Department Opens Criminal Probe of Goldman
Stepping up the pressure on Goldman Sachs just days after its executives were grilled and publicly rebuked by lawmakers, the Justice Department has opened a criminal investigation of the Wall Street powerhouse over mortgage securities deals it arranged. The investigation by the U.S. Attorney's Office in Manhattan stems from a criminal referral by the Securities and Exchange Commission, said a knowledgeable person who spoke on condition of anonymity because the inquiry is in a preliminary phase.Feds, local grand jury to probe Fla. teen's death
Federal and local prosecutors are launching parallel investigations into the fatal shooting of an unarmed black teen by a neighborhood watch captain as outrage over the case grows.View more book results for the query "White"
Drinker Biddle raises revenue by 10 percent
After what Drinker Biddle & Reath leaders called a "substantial growth year," the firm reported for 2006 a 10.3 percent increase in gross revenue, which rose to $246 million.Civil litigators are settling in for the long haul
Anyone who hoped that commercial litigation might help law firms weather the recession was surely disappointed last year.That's judging by the recoveries Daily Report affiliate VerdictSearch counted among its Top 100 Verdicts of 2009. Commercial verdicts, including breach-of-contract recoveries, fell from $1.4 billion in 2008 to $421 million last year.Many GCs still fighting backdating charges
After two years during which eight general counsel ran afoul of federal regulators for alleged improper stock-options backdating, four are still fighting charges, three have settled or pleaded guilty and just one was acquitted. SEC enforcers view this as a successful effort against corporate improprieties, while the defense side says it shows the difficulty of linking corporate lawyers to accounting-related misconduct.Supreme Court Finds Medellin Case a Muddle
The Supreme Court seemed torn Monday over how -- and even whether -- to decide a key death penalty case that questions an international court's ability to order domestic courts to hear new death row appeals. Because of fast-breaking developments, several justices appeared ready to delay a decision or even to dismiss the case while conflicting forces at the state, federal and international level sort out what happens next. "What is the practical thing to do?" Justice Stephen Breyer asked plaintively.Trending Stories
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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