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Inside Counsel

Litigation: 5 things your outside counsel won’t tell you

The legal profession remains a service business, and that paradigm often keeps outside counsel from telling their in-house clients whats really on their minds.
11 minute read

Inside Counsel

Litigation: Goldman petitions Supreme Court to review 2nd Circuit’s class standing decision

Last week, Goldman Sachs & Co filed a petition for certiorari to the Supreme Court asking for review of the 2nd Circuits decision in NECA-IBEW Health & Welfare Fund v. Goldman, Sachs & Co.
9 minute read

Inside Counsel

Former Penn State president says there was no cover-up

Even with Jerry Sandusky locked up for what likely will be the rest of his life, the Penn State saga continues to drag on.
2 minute read

Inside Counsel

Fox cannot block Dish Network’s commercial-skipping technology

Nobody wants to watch commercials, except maybe during the Super Bowl, and Dish Network Corp. knows that.
2 minute read

Inside Counsel

Goldman Sachs seeks to enforce arbitration in gender discrimination case

Like many employersparticularly in the wake of AT&T Mobility v. ConcepcionGoldman Sachs & Co. has an arbitration clause. And yesterday the investment bank made it clear that it wants to enforce it.
5 minute read

International Edition

Piper Alderman secures court win in key S&P securities ratings litigation

Australian firm Piper Alderman has secured a key court victory in a case brought against ratings agency Standard & Poor's (S&P) and Dutch bank ABN Amro by investors who claimed they were misled about financial products. An Australian federal court this week ruled in favour of 13 local councils in New South Wales, which brought claims against S&P, ABN and the Local Government Financial Services (LGSF) after losing more than 90% of their investment in S&P-rated products issued by ABN in 2006.
3 minute read

International Edition

Courts greenlight Commerzbank challenge in key bankers bonus case

The Court of Appeal has granted Commerzbank permission to appeal against a €50m (£40m) judgment in favour of a group of former Dresdner Kleinwort bankers, who had allegedly been promised bonuses in 2008. The appeal - which will be heard next year - comes after a High Court judgment issued by Mr Justice Owen in May that the bankers' former employer, Commerzbank, had acted in breach of its contractual obligations in cutting bonuses to 104 staff after it acquired Dresdner.
2 minute read

International Edition

Eversheds faces fresh challenge in Newcastle Airport negligence dispute

Newcastle International Airport has confirmed that it will appeal against a High Court ruling clearing Eversheds of negligence over a refinancing deal which saw two airport chiefs secure multimillion-pound bonuses. Former airport chief executive John Parkin and now-deceased finance director Lars Friis each received large payouts after Eversheds advised the pair on a £377m refinancing deal for the airport.
2 minute read

Inside Counsel

MF Global customers add PricewaterhouseCoopers as defendant in lawsuit

Just more than a year after MF Globals bankruptcy, some of its former customers have added accounting firm PricewaterhouseCoopers (PwC) as a defendant in a suit related to the broker-dealers demise.
2 minute read

Inside Counsel

Hyundai and Kia sued over gas mileage claims

Last week, automakers Hyundai and Kia admitted to overstating the estimated fuel economy on some of their cars. And this week, consumers have responded.
4 minute read

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More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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