Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Three Ky. fen-phen attorneys are suspended Three attorneys have been temporarily suspended from practicing law in Kentucky because of questions about the way they divided a $200 million settlement from a fen-phen lawsuit. The Kentucky Supreme Court took the action in written rulings released last week. Linda Gosnell, chief counsel to the Kentucky Bar Association, had argued that the attorneys-William Gallion, Shirley Cunningham Jr. and Melbourne Mills-improperly took more than their share of the settlement. The lawyers, all from Lexington, represented hundreds of clients in a lawsuit over the diet drug. Defense attorney William E. Johnson said his clients did not do a good accounting job in handling the case. But he said suspension of his clients’ law licenses was a “severe imposition of punishment.” ‘Super Lawyers’ is back in business-for now A New Jersey Supreme Court justice put Super Lawyers magazine and Best Lawyers in America back in business recently by staying the ethics opinion that prohibited lawyers from advertising their inclusion in the two surveys. Justice John Wallace Jr. issued the stay at the request of Super Lawyers’ management and the New Jersey State Bar Association. The stay puts the panel’s stricture, Opinion 39, on hold while the state high court reviews its merits. Milberg Weiss loses yet another key attorney Patricia M. Hynes, a former name partner at the firm now known as Milberg Weiss Bershad & Schulman, is leaving that firm to become senior counsel to the New York office of British law firm Allen & Overy. Perhaps the most prominent lawyer to leave Milberg Weiss since its May indictment, Hynes joined the firm in 1982 after 15 years as a federal prosecutor in the Southern District of New York. She became a name partner in 1993 when the firm adopted the name Milberg Weiss Bershad Hynes & Lerach. A number of partners have left Milberg Weiss since the firm and name partners David J. Bershad and Steven G. Schulman were charged by Los Angeles federal prosecutors with scheming to pay illegal kickbacks to class action plaintiffs. The firm and the two men have pleaded not guilty. Quattrone, prosecutors strike a deal; no jail time Frank Quattrone reached a deal with the government last week that will spare him a third criminal trial and allow him to resume his lucrative investment banking career. Under a deferred-prosecution agreement, Quattrone, a former star at Credit Suisse First Boston, was not forced to admit any wrongdoing, serve jail time or pay a fine. The National Association of Securities Dealers began investigating in 2000 how Credit Suisse conducted its underwriting of initial public offerings. Inquiries by the Securities and Exchange Commission soon followed, but no charges were actually filed against the company itself. Prosecutors accused Quattrone of encouraging a subordinate in a December 2000 e-mail to “clean up files” as the government began looking into how his company allocated stock options. Cooley Godward and Kronish Lieb to merge Leading Silicon Valley law firm Cooley Godward has agreed to merge with New York litigation boutique Kronish Lieb Weiner & Hellman to create a national firm of 550 lawyers. The merger, which will become effective on Oct. 1, ends Palo Alto, Calif.-based Cooley Godward’s long quest for a substantial New York presence. One of the iconic firms of the dot-com boom, 440-lawyer Cooley has sought over the past several years to reposition itself as a national, full-service firm. “We’ve been making a lot of interesting moves in recent years,” said Cooley Chairman Stephen Neal, “but we always knew we needed a strong New York presence to be a fully national firm.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.