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Miami Lawyer Loses Enron Assignment to New York, Houston Firms
In a surprising turn of events, the firms Kronish Lieb Weiner & Hellman in New York and McClain & Siegel in Houston outmaneuvered Scott L. Baena, a partner with Bilzin Sumberg Dunn Baena Axelrod & Price in Miami, and jointly won the position as counsel to the Severed Enron Employee Coalition (SEEC). In January, Baena was retained by the SEEC to win a separate, employee-only committee.Circuit Ends Doctors' Antitrust Litigation
Problems with venue and a lack of standing have doomed an antitrust case brought by a proposed class of some 14,000 emergency room physicians who claimed that the American Board of Emergency Medicine, the Council of Emergency Medicine Residency Directors and several hospitals colluded to use the physician certification process to restrain trade and monopolize the market for emergency-room doctors.Sign of the Times: Large Firms in Texas Make More Partners in 2005
The number of new partner promotions at Texas' largest firms increased for 2005, but the percentage of minority and female partners decreased when compared with 2004.Cite as: Ostroy v. Six Square LLC, 114674/08, NYLJ 1202499783004, at *1 (Sup., NY, Decided June 17, 2011)Justice Louis B. YorkDecided: Ju
Law Firms' Pursuit of Bank Business Still Going Strong One Year After Lehman's Collapse
One year after Lehman Brothers collapsed, the law firms that relied on it for significant billables are still adjusting to a marketplace with one fewer player. For some of the firms that served as Lehman's outside counsel, the work goes on in bankruptcy court. Yet in the past year, firms have been chasing their old contacts at Lehman who have scattered to other financial institutions. The competition is heating up as Lehman's former firms vie for work performed by other banks' long-time outside counsel.Federal Judge Certifies $200 Billion Light Cigarette Class Action
A New York federal judge on Monday certified a $200 billion class action lawsuit against the tobacco industry for its marketing of light cigarettes, saying that no matter how vast and complex the claims, the U.S. Constitution demanded that a jury hear the plaintiffs' case. The judge said he even would consider broadening the class to encompass smokers of all "low tar" brands, not just light cigarettes, suggesting that an expansion of the class could assist the parties in negotiating a global settlement.Trending Stories
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