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The NYAG's $410 million settlement with J. Ezra Merkin didn't sit well with Madoff trustee Irving Picard, who's still pressing his own $500 million case against Merkin. But Picard can console himself with some welcome news from the Supreme Court, which declined to meddle with his formula for assessing Madoff customer claims.
American International Group was forced through a menacing gauntlet over the last few weeks in its $10.5 billion mortgage-backed securities case against Countrywide and Bank of America. But according to AIG and its lawyers at Quinn Emanuel, the company emerged late Wednesday with barely a scratch.
How to Address a Demand for a 'Voluntary' Waiver
In recent times, there is perhaps no other factor that has applied greater pressure on the attorney-client privilege than the federal government's insistence on waiver as an indication of cooperation. For a corporate target, the immediate and practical implications of a waiver are serious, including the inability to assert the privilege in potential downstream or parallel litigation. This review of recent applicable law can help a corporation facing a waiver demand determine the best course to take.The Bankruptcy Files: Hotels, Restaurants, Real Estate, and Timeshares
Jury Awards $15 Million in Accident Case, Clears Lawyerless Chrysler
A Georgia jury held an alleged drunk driver responsible for $15 million in damages to a girl injured in a car accident, but the plaintiff likely will get only a fraction of the award because the driver has few resources and the designer of the seat, which broke during the wreck, was cleared by the jury. Complicating matters was the bankruptcy-mandated dismissal of what was then DaimlerChrysler from the case. The verdict form contained a line allocating blame to Chrysler, but no one represented the automaker at trial.Convicted IP Lawyer May Be Reinstated
Malcolm Wittenberg may soon be returning to the practice of law. Last week the California Supreme Court rejected the State Bar's petition to have the former Crosby, Heafey, Roach & May partner disbarred. Wittenberg, an intellectual property attorney, was convicted of insider trading in 2001, and the State Bar Court suspended him for three years. State Bar prosecutors had argued that Wittenberg deserved harsher punishment.Firms Seek Balance Between Business And Remembrance
Though a year has passed, the wounds terrorists inflicted on our nation in one unforgettable morning are still fresh. The anniversary of the Sept. 11 attacks has left firm managers with a difficult decision: how to acknowledge the day and provide support for attorneys and staff while trying to carry on with business as usual.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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Law Offices of Mark E. Salomone
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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Meeting the Requirements of California's SB 553: Workplace Violence Prevention
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The Benefits of Outsourcing Beneficial Ownership Information Filing
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The Top 10 AI Use Cases in Private Equity
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