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Lawsuit Over Rexall Weight-Loss Product Revived
A product liability suit against Rexall Sundown involving the death of a man who used its once popular weight-loss product Metab-O-LITE was reinstated Wednesday by a Florida appeals court. Rexall had won dismissal on the grounds that Palm Beach County, Fla., wasn't the proper venue for the lawsuit, but the appellate court said Rexall filed its motion to dismiss months too late and that Palm Beach County was the appropriate venue because the product's manufacture and distribution occurred there.NLRB, States Spar Over Union Ballots
The agency's Democratic majority says state secret ballot provision don't wash. The states say the NLRB is attempting an end run around Congress.Baker & McKenzie Rescinds Offers to 11 Deferred N.Y. Associates
Baker & McKenzie has confirmed that it has rescinded offers to 11 deferred associates in its New York office. The firm in January had put on hold its group of incoming first-year associates from the graduating class of 2009. Baker & McKenzie said its New York office "has been unable to accommodate" these 11 lawyers. "We regret having to make this decision, but unfortunately the work required for these individuals has not materialized to a sufficient degree," the firm said in a statement.Staffers File Lawsuit Against Brobeck
Former employees of Brobeck, Phleger & Harrison filed suit Monday seeking 60 days severance pay from the now-defunct firm and from Morgan, Lewis & Bockius, the Philadelphia-based firm that took over much of Brobeck's operations in February.Cohen Said to Refuse SAC Client Push to Return Cash Early
Steven Cohen's $14 billion SAC Capital Advisors LP, which last month was indicted by the government as a "veritable magnet for market cheaters," has refused clients' requests that the firm speed up payouts on the billions of dollars earmarked for withdrawals, according to three people familiar with the discussions.View more book results for the query "*"
The Evolving Definitions of Materiality and Sustainability Reporting
Is "sustainability" material to the reasonable investor? Under the securities laws, publicly traded companies are required to disclose to their shareholders and the investing public "material" information about their company.Until Rules Change, 2010 Cases Set Preservation Standard
Many commentators agree that preservation practices need greater uniformity. But in the absence of a formal amendment to the Federal Rules of Civil Procedure, Pension Committee, Rimkus, Victor Stanley II, and Orbit One have begun the debate. Consultants Brad Harris and Ron Hedges look at how the conversation is shaping up.Revenues, profits drop at O'Melveny & Myers
O'Melveny & Myers reported a small decline in revenues and a more substantial drop in profits per partner as the firm grappled with the impact of the economic downturn. The Los Angeles-based firm reported this morning that profits per partner were down more than 7 percent to $1.5 million. Gross revenues for 2008 were $908 million, an almost 3 percent drop from the prior year.Trending Stories
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