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International Edition

Linklaters turns to Herbert Smith for second financial regulatory hire

Linklaters has picked up its second Herbert Smith Freehills financial regulatory partner in under six months, with the magic circle firm set to bring in Nikunj Kiri as a partner. His hire comes after Legal Week reported in September that Linklaters had hired contentious regulatory heavyweight Martyn Hopper to boost its City practice.
2 minute read

International Edition

Monckton QC steers Iceland to Euro court victory in bank collapse dispute

Monckton Chambers' Tim Ward QC has successfully steered the Icelandic Government to victory in the European courts, with a ruling yesterday (28 January) meaning that the country is not obliged to repay Britain and the Netherlands for rescuing savers in the collapsed Icesave bank. A European Free Trade Association (EFTA) court in Luxembourg yesterday (29 January) dismissed an application brought by the EFTA Surveillance Authority and the European Commission (EC), with Ward defending the Icelandic Government from allegations that it failed to guarantee minimum levels of compensation to savers in the bank.
3 minute read

Inside Counsel

Government sues Renco Group for avoiding pension obligations to bankrupt steel company

The U.S. Pension Benefit Guaranty Corp. (PBGC) is suing Renco Group Inc., a private holding company, for allegedly avoiding paying the pension plans of bankrupt steel company RG Steel, in which Renco Group had a controlling interest.
1 minute read

International Edition

MoFo, Blackstone and Doughty St act on Barclays Libor application

Senior lawyers at Morrison & Foerster (MoFo), Blackstone Chambers and Doughty Street Chambers have advised on the high-profile application to ensure anonymity for 104 current and former Barclays employees named in a Libor test case. The High Court ruling last week saw Mr Justice Flaux find in favour of a challenge by four media organisations, including the Financial Times and the Telegraph Media Group, which argued that naming those involved was in the interest of the public.
4 minute read

Inside Counsel

Man sues airlines over obese wife’s death

A man whose morbidly obese wife died after being refused a place on three flights from Europe to the U.S. is suing three airlines for $6 million.
2 minute read

Inside Counsel

9th Circuit says Madoff investors can’t sue SEC

The 9th Circuit ruled yesterday that Madoffs investors cant sue the Securities and Exchange Commission (SEC).
5 minute read

International Edition

Pinsents adds City partner with Addleshaws bank litigation hire

Pinsent Masons has strengthened its City financial services practice with the hire of banking litigation partner Michael Isaacs from Addleshaw Goddard. Isaacs, who is currently based in Addleshaws' Manchester office, is set to move to Pinsents' London base, bringing the total number of partners at the firm's City headquarters to around 150. His start date is yet to be confirmed.
2 minute read

Inside Counsel

Johnson & Johnson concealed hip implant defects, lawyers say

Johnson & Johnson (J&J) knew of defects in its all-metal hip implants but concealed the information from the public for years, lawyers claimed Friday during opening arguments in one of many personal injury suits involving J&Js articular surface replacement (ASR) implants.
2 minute read

Inside Counsel

Labor: In discrimination, protections increase but advice stays the same

Discrimination claims are a growth industry. In this sense: We are in the midst of three trends of varying significance that protects additional employees from job decisions made on the basis of their membership in a particular class of works.
5 minute read

Inside Counsel

D.C. Circuit says Obama’s recess appointments are invalid

The D.C. Circuit issued a significant decision last week that boldly challenges President Obamas executive power.
3 minute read

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