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3rd Circuit: Bankruptcy Cases Should Consider Pension Plans as a Whole
In a decision that could have far-reaching implications if more large American companies file for bankruptcy, the 3rd Circuit has ruled that multiple pension plans should be considered in the aggregate for purposes of reorganization under Chapter 11. In the opinion for In re Kaiser Aluminum Corp., Judge Marjorie O. Rendell wrote that the case raises among the circuit courts an issue of first impression involving Chapter 11 debtors seeking to terminate multiple pension plans simultaneously.Cite as: People v. Thomas Clay, 10361/06, NYLJ 1202499230076, at *1 (App. Div., 2nd, Decided June 28, 2011)Before: By Skelos, J.P.; Dickerson, Eng and Lott, JJ.
Sharp Rise In Big Suits Against Firms
It's getting more expensive for corporate lawyers to defend themselves in malpractice cases. A soon-to-be-released study by the American Bar Association shows that the number of big-ticket malpractice suits � those with claims of $2 million or more � has risen dramatically since 1996.Full 11th Circuit Will Hear Satan Worshipper's Arson Case
After 16 months, federal prosecutors finally got what they wanted: a second chance. The full 11th Circuit last week agreed to rehear a case in which a split panel tossed the arson convictions of a Satan worshipper who set fire to five Georgia churches during the 1998 Christmas and New Year's holidays. The case is the next move in a long debate -- stemming from a U.S. Supreme Court decision -- over Congress' power to regulate interstate commerce.Silicosis Ruling Leaves Plaintiffs Bar Reeling
The so-called phantom epidemic of silicosis has become a hot potato for the plaintiffs bar.'Law of Nature' or 'Invention'? Court Mulls Patentability of Genes
Before a standing-room only courtroom, a New York federal judge heard arguments Tuesday in a lawsuit questioning the patentability of human genes. The dispute centers on whether genes, once separated from the lengthy DNA sequence, are sufficiently "new and useful" to be deemed patentable under federal patent law. Multiple amicus briefs were filed on behalf of both sides of the case, which has become a lightning rod for the issue of genetic patenting.Hogan, Lovells Union Faces Many Obstacles
Hogan & Hartson and Lovells are considering one of the riskiest maneuvers in the legal business -- a trans-Atlantic merger, which in this case would create a global megafirm of more than 2,500 lawyers. "If the integration is done right, this thing could really sing," said Altman Weil consultant Thomas Clay. That's the good news. The tougher questions are ones that partners on both sides are likely struggling with. Can they overcome the client conflicts that plague massive firms and seem to cap growth?Supreme Court Lawyer Goldstein to Join Akin Gump
Thomas Goldstein, who rocked the rarified world of Supreme Court advocacy with his aggressive pursuit of cases, will join powerhouse law firm Akin Gump Strauss Hauer & Feld as a partner May 1. Goldstein, 35, has argued 16 cases before the Court and also launched the widely read SCOTUSblog. He currently runs his three-member firm from his house with wife Amy Howe. Goldstein's hire instantly raises 900-lawyer Akin Gump's profile in the increasingly prized Supreme Court practice area.Trending Stories
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Meeting the Requirements of California's SB 553: Workplace Violence Prevention
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