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V&E raises associate salaries in Texas and D.C.
Vinson & Elkins this week became the first Texas-based firm to increase Texas associate salaries to match the raises doled out by New York-based firms. The firm also raised salaries in its Washington, D.C., office. Starting in their third year, however, V&E associates will be ineligible for a portion of the raises unless they work 2,000 hours. Managing partner Joe Dilg says the novel pay structure is the result of input by associates, who didn't necessarily want the pressure linked to the New York market.Backdating Plaintiffs Win Early Rounds
Recent rulings have carved out a victorious first round for civil plaintiffs in stock-options backdating cases after judges refused to dismiss four of their suits. At issue in most of the cases was whether plaintiff shareholders should have demanded books and records from the companies' boards of directors before filing their lawsuits. Some of the plaintiffs successfully pleaded "demand futility" by showing that directors were not objective or that their acts were not of sound "business judgment."Bad Attitude: WilmerHale Dragged into Accounting Scandal
The outside report on the accounting scandal at mortgage giant Fannie Mae didn't paint a flattering picture of WilmerHale's legal advice to the company.Judge Upholds Detention Of Grand Jury Witnesses
By Mark Hamblett IT DID NOT take long for a split to develop over the constitutionality of a critical tool for investigators probing the Sept. 11 terror attacks the detention of potential grand jury witnesses under the federal material witness statute.View more book results for the query "*"
Kagan bows out of 66 cases in new term
Supreme Court Justice Elena Kagan's prior position as U.S. solicitor general continues to prompt her to recuse herself in individual cases as she begins her second term on the Court.Time-Barred Claim Leads to Sanction
Sanctions imposed on two lawyers and their clients because the clients gave false affidavits in an authorship dispute over the song "The Lion Sleeps Tonight" were upheld by the 2nd U.S. Circuit Court of Appeals. The court let stand a decision ordering attorneys Mitchell A. Stein and Stephen J. King to pay $15,000 to help "defray fees generated by their unreasonable conduct."Our Overcriminalized Society and Methods for Ensuring Justice
The tragic recent suicide of Reddit co-founder Aaron Swartz in the face of an aggressive federal computer-hacking prosecution has ignited a healthy discussion about overcriminalization of the law and prosecutorial overreach in its enforcement.Trending Stories
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