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WHAT WE’RE WATCHING
MOONVES - CBS’ decision to deny Les Moonves $120 million in severance pay has tamped down the prospects for shareholder litigation stemming from the company’s handling of sexual harassment allegations against its ousted CEO, but the media giant is not in the clear just yet. Tom McParland reports the possibility remains that Moonves could sue CBS to recover his golden parachute. The company also faces the potential for shareholder suits targeting the board over its supposed failure to prevent a crisis that has dominated headlines for months.
FUTURAMA - Zach Warren, editor at Law.com affiliate LegalTech News, has gazed into his crystal ball for 2019, and here’s what he sees: Companies and firms will focus more risk management efforts on data privacy leaks as opposed to cyberattacks. With the latter, the company is usually considered the victim; privacy leaks are seen as self-inflicted. Also, expect an increase in whistleblowing activity aimed at using GDPR violations to influence other legal claims, especially in employment law. And on the scarier side, look for criminals to target individuals and businesses using cryptocurrency, force them to send their currency to an address and then vanish with funds that are impossible to retrieve.
BAD OPTICS - Last month Paul Weiss touted its newly minted partners on social media, complete with a headshot composite of the 12 lucky lawyers. Now, it’s nursing a black eye after the elite firm was lambasted online for the abundance of white faces and only one woman in the group. “We certainly can—and will—do better,” firm chairman Brad Karp tells reporter Christine Simmons. Clients say they hope so.
WHILE YOU WERE SLEEPING
WORLDWIDE - Dentons has completed 102 law firm mergers so far this year, Dan Packel reports, with its eight global deals outnumbering those from all other U.S. law firms combined. According to Altman Weil data, cross-border mergers involving major firms made up less than 15 percent of the total number of tie-ups.
WHAT YOU SAID
“The most conservative advice in terms of mitigating joint employment or misclassification risk is to just not invite the non-employees to the holiday party.”
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