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Dana Corp. to Pay $26M to Law Firms, Advisers
A judge on Thursday authorized Dana Corp. to pay about $26 million to the cluster of law firms, restructuring consultants and financial advisers working on its bankruptcy reorganization. Judge Burton Lifland of the U.S. Bankruptcy Court in Manhattan approved the payment of four months' worth of fees and expenses to 19 firms after they reached a compromise with a Justice Department official. The official, acting U.S. Trustee Diana G. Adams, had expressed concern about Dana's rising restructuring costs.
Courts Nationwide Tackle Fundamental Tech-Related Issues
The end of last year was relatively quiet for technology cases in New York's courts. Elsewhere, however, courts were at work on some fundamental issues, including file-sharing, password stealing and security circumvention. Attorney Stephen M. Kramarsky examines some interesting intellectual property cases from around the country that closed out 2005. Among them include MGM Studios, Inc. v. Grokster, Ltd. and BMG Music v. Gonzales .Firm Talk: From Prosecutor to Civil Practice
My husband is a recent grad from law school. He worked as a federal clerk for a year and is now having difficulty getting a job at a firm. He was offered a position at the DA�s office and, while he is happy to have an offer and would love to gain some good trial experience, he is worried that he will not be able to make the transition over to the civil world if he works as an assistant DA for a year or so. Could get a job in the civil world after working for the DA?
New Kids on the Block: Big-Tex Firms Taking Wait-and-See Approach to Hiring
Think "pancake." Then you'll have an idea of the associate hiring trend at large Texas firms this year. The numbers of new associates reporting for work this fall in Texas changed little from the previous year. Offer rates -- and starting salaries -- for 2Ls are pretty much the same as in the fall of 2002, which suggests firms are taking a wait-and-see attitude toward staffing as the nation's economy mounts a slow recovery.Pillsbury Drills for Oil Boutique Lawyers
A month after helping ChevronTexaco with a $16 billion merger, Pillsbury Winthrop Shaw Pittman is back in the oil patch. The firm has acquired most of the lawyers and staff of Houston-based Campbell George & Strong, a small firm specializing in environment, land use and natural resources work for oil clients. Five of the firm's attorneys -- including managing partner Andrew Strong and partner Thomas Campbell -- are joining Pillsbury's 35-lawyer office in Houston along with staffers and analysts.Ruling Suggests 'Inattention' May Lead to Personal Liability
In recent weeks, the courts in Delaware have issued several rulings that have stern messages for directors to take action and be accountable in their governance, which may ultimately accelerate directors' decisions to pursue a merger, sale or other transaction to save a distressed company. Directors and officers can take some comfort that the courts do not expect them to make perfect decisions. However, the rulings regarding directors' liabilities provide a new twist for future litigation.Watchdog Group: 'Junkets for Judges' On the Rise
Despite negative publicity about junkets for judges in recent years, a watchdog group reported Friday that more federal judges than ever are taking subsidized trips.
FTC Hits Intel With Antitrust Suit
The Federal Trade Commission becomes the latest thorn in the side of the chip giant, which has already paid out nearly $3 billion this year over anticompetitive behavior.Growing Trend: Prosecution for Workers' Injuries, Deaths
A trend is emerging in the field of white-collar crime that is unrelated to recent, well-publicized financial scandals. Local and federal prosecutors nationwide are increasingly considering criminal charges against corporations and their managers in connection with workplace injuries and deaths. And the trend is not confined to one state or region, say attorneys Stephen G. Sozio and Earnest B. Gregory.Trending Stories
- 1Generations Aren't Connecting, and It May Be Hurting Law Firms
- 2A Law Firm Divided: How Generational Differences Are Fracturing Firms
- 3Skadden's Reputation Remains Sterling. So Why Are Partners Leaving?
- 4A Look at Law Firms' Intergenerational Communication Breakdown
- 5After Milbank Rolls Out Summer Bonuses, Big Law in 'Waiting' Mode While Associates Watch Eagerly
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Driving Value with Better Decision-Making: A Governance Maturity Checklist
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Document Review Challenges: Strategies for Law Firm Litigation Professionals in 2024
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