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Ever since Visa and MasterCard reached a $7.2 billion agreement to resolve merchant claims over credit card "swipe fees," critics have been coming out of the woodwork. Now they've formally opposed the class action settlement in court, with the objector's lawyers at Constantine Cannon warning of "serious risks" if the deal is approved.
Lawyer Helps Paper-Maker Bowater Merge With Former Rival Abitibi
Overseeing the legal issues of a merger that will create North America's third-largest publicly traded pulp and paper company was a lot like "herding cats," said Troutman Sanders partner William C. Smith. Smith was the lead corporate adviser to Greenville, S.C.'s Bowater on its merger agreement with Montreal's Abitibi-Consolidated. Completing a cross-border transaction of this type is tricky, says Smith, involving "disparate egos" -- not to mention that much of Abitibi's business is conducted in French.Johnson & Johnson Loses Bid to Limit Discovery in Class Bias Suit
Plaintiffs in a discrimination suit against Johnson & Johnson are entitled to companywide discovery and do not have to proceed in stages, despite defense claims that producing all the documents at once is burdensome, a federal judge in New Jersey has ruled. The suit, filed last November, alleges that Johnson & Johnson discriminated against Hispanic and black employees throughout the pharmaceutical company and its subsidiaries.How to choose between a record $2 billion ICSID award and a $2 billion ICC award that's also in record terrain? We've decided to throw up our hands and pronounce a tie for the 2012 Global Lawyer of the Year. We're honoring Debevoise & Plimpton's David W. Rivkin for his ICSID win in Occidental v. Ecuador, and Shearman & Sterling's Henry Weisburg, for prevailing in The Dow Chemical Company's ICC feud with Kuwait.
Class Action Against Interpublic Group to Proceed
Interpublic Group of Cos., a holding company that ranks as the world's second-largest owner of advertising agencies, must defend a class action accusing it of defrauding investors, a federal judge in New York ruled Friday. The suit alleges that Interpublic issued misleading financial statements tied largely to questionable accounting practices at its flagship McCann-Erickson agency, the world's largest advertising network.Guerrilla Girls Take Copyright Dispute to Court
The attorney for a group of self-proclaimed "art-terrorists" has been disqualified in the latest chapter of a legal battle that pits the Guerrilla Girls against a splinter group in a dispute over posters, books and other property. The women use deceased female artists' names and don gorilla masks at public appearances, decrying segregation and discrimination in the art world.Cleaning Up in Hollywood -- Hold the Soap
Hollywood actors are parting with their own money to get a picture made so they can retain creative control. Often an independent filmmaker client is wearing many hats, among them producer, writer, actor and director. In that case, a lawyer has to wear just as many hats.A jury trial kicks off on Monday in the U.S. Securities and Exchange Commission's fraud case against Fabrice Tourre, the only Goldman Sachs & Co. employee directly targeted by the agency in wake of the financial crisis. Here are four things to look for as the three-week trial unfolds.
SUPREME COURT OF THE STATE OF NEW YORK APPELLATE DIVISION : SECOND JUDICIAL DEPARTMENT 0082f Y/mv AD2d Argued - January 7, 2002 MYRIAM J. ALTMAN, J.P.
Big-firm Summer Associate Hiring Up
Flush with record profits, some of the country's largest law firms are hiring summer associates in record numbers. Take New York's Debevoise & Plimpton. It nearly doubled the size of its program this year, to 98 from 51. It's hardly alone. A number of large firms have summer associate classes of more than 160 students.Trending Stories
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