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The Score: NFL Contract Talks Close in on Endzone
Pro football's five-month-long work stoppage appears over as DeMaurice Smith, executive director of the decertified players' union (left) takes a proposed ten-year pact to a vote. Meanwhile, the global implications of the other pro sports labor lockout are growing.Georgia Firm Moves From First Union to Wachovia
First Union has dropped its primary Georgia counsel in the midst of its merger litigation, and its former firm now will represent potential merger partner Wachovia Corp. Wachovia associate general counsel and senior vice president Michael E. Ray confirms that the bank has hired Atlanta-based Bondurant, Mixson & Elmore, but wouldn't comment further.Panel supports arbitration to resolve tobacco disputes
Employing broad language, the New York Appellate Division, First Department, handed tobacco companies a victory yesterday by ruling that disputes over reductions in their payments to the states under a $206 billion nationwide settlement must go to arbitration.Tobacco companies handed a win; states may face $1B loss
By Daniel Wise, New York Law Journal Employing broad language, New York's Appellate Division, First Department, handed tobacco companies a victory Thursday by ruling that disputes over reductions in their payments to the states under a $206 billion nationwide settlement must go to arbitration.The ruling has enormous fiscal implications for the states since the reduction could amount to more than $1 billion a year.Tobacco Companies Handed a Win; States May Face $1B Loss
A New York appellate panel handed tobacco companies a victory Thursday by ruling that disputes over reductions in their payments to the states under a $206 billion nationwide settlement must go to arbitration. Under the settlement, which compensates states for funds spent treating smoking-related illnesses, the states receive $6.2 billion annually from 45 participating companies. The ruling has enormous fiscal implications for the states as the reduction could amount to more than $1 billion a year.New Deals: Lawyers on Major Transactions
In a deal valued at about $650 million, New York-based media conglomerate Viacom Inc., whose assets include television networks CBS, UPN, MTV and Nickelodeon, as well as the Showtime cable network, video rental powerhouse Blockbuster and publisher Simon & Schuster, announced last week that it had reached an agreement to purchase Los Angeles television station KCAL-TV from New York`s Young Broadcasting Inc. The acquisition of KCAL gives Viacom two owned and operated television stations in Los Angeles,Am Law 100 Trio Tune In for Television Station Tie-Up
Debevoise & Plimpton, Fried Frank, and Gibson, Dunn & Crutcher are advising on an all-stock merger between Media General and New Young Broadcasting that will create a television broadcast company with 30 stations in 27 markets.Trending Stories
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