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Defendants in AIG Scam Lawyer Up for Appeal
An ex-AIG employee and four former top execs at General Re convicted last year of engaging in a scam to inflate AIG's loss reserves have filed papers asking the 2nd Circuit to overturn their convictions. To increase their chances, three of them have shaken up their legal teams by adding Am Law 200 lawyers with sterling appellate resumes. The defendants are asking the circuit to toss out the convictions on several grounds, including claims that the trial judge admitted hearsay evidence and gave improper jury instructions.
Not Afraid to Litigate--or Negotiate: Kirkland & Ellis
Publication Date: 2010-01-01 Practice Area: Industry: Court: Judge: Attorneys: For plaintiff: For defendant: Case number:
Kirkland & Ellis partner William Pratt led the team that represented Discover in its landmark $2.75 billion settlement with Visa and MasterCard. We talked with him about the challenges to the litigation.
Heller Leaders Saw Failure Looming
Confidential documents from Heller's creditors show then-Chairman Matthew Larrabee and other leaders worried about the firm's "mortality" months before the collapse.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.IPO Case Hits Big Snag At Second Circuit
A federal appeals court Tuesday vacated class certification in six key cases in the massive litigation over dot-com era initial public offerings - a potentially devastating setback for plaintiffs in the biggest consolidated securities class action in U.S. history.
U.S. Firms in London Say They're More Merger-Minded
Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.Trending Stories
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