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Litigation against major companies flagging, in-house survey shows
Fewer major U.S. corporations are being sued this year than last, a new law firm commissioned study finds. Seventeen percent of corporate counsel surveyed got through the 12-month period ending in June without being sued, up from 11 percent in the prior 12 months, according to the report by Houston-based Fulbright Jaworski.Federal Judge Axes CNET Stock Option Claims
A federal judge has dismissed most of a shareholder derivative complaint against CNET in a decision that, observers say, shows how difficult it may be for plaintiffs to succeed in numerous similar claims related to stock-option backdating.At Last, Lawyers Get a Life -- Sort Of
Many lawyers are afraid to go on part-time schedules, and when they do they often find themselves working longer than they planned. The result: unhappy attorneys, who leave the firms that invested in them. Kirkpatrick & Lockhart Nicholson Graham, with 1,000 lawyers worldwide, says it didn't want that -- so it's unveiled a "balanced hours" program, allowing more leeway for personal responsibilities. But Chairman Peter Kalis notes that it's "not a charter to write the Great American Novel."Mets Owners Settle Their Dispute With Madoff Bankruptcy Trustee
The settlement calls for the defendants to pay $162 million to the bankruptcy trustee, an amount Judge Jed S. Rakoff was told by the lawyers "essentially reflects six years of fictitious profits" generated by Bernard Madoff.Miss Pennsylvania USA claims pageant rigged
PITTSBURGH (AP) - The Miss USA pageant representative from Pennsylvania resigned her crown claiming the contest is rigged, but according to organizers the beauty queen was upset over the decision to allow transgender contestants to enter.View more book results for the query "*"
The Stags Leap District's Lucky 13
The good earth is responsible for the excellent wine of California's Stags Leap District.Oral arguments can be deceiving. In October our reporter Tony Mauro wrote that the U.S Supreme Court appeared to be siding with Altria Group in a lawsuit brought by Maine smokers testing whether they could bring false advertising claims regarding "light" cigarettes in state court. Mauro, who knows as much about the high court as almost any observer, wrote that Altria's lawyer, Theodore Olson of Gibson, Dunn & Crutcher, appeared to convince the justices that the Federal Cigarette Labeling and Advertising Act preempted this suit because it involved smoking and health claims. In contrast, he wrote, the plaintiffs' lawyer, David Frederick of Kellogg, Huber, Hansen, Todd, Evans & Figel, "struggled to persuade the court that this suit was about consumer fraud and deception, and thus was not preempted."
Liability of supervisors reviewed
Two California employment cases now before the state Supreme Court hold high stakes for employers and their managers around the country. The first case will determine whether individual supervisors can be held personally liable for retaliation against a subordinate's complaint of harassment or discrimination. The second would define just what is meant by retaliation.Trending Stories
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