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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.After months of reading submissions, vetting, and interviews, The American Lawyer has announced the winners of the magazine's sixth biennial Litigation Department of the Year contest. Gibson Dunn cinched the top billing for the second time in a row, but plenty of additional firms and more than a half-dozen individual litigators shared in the spotlight.
Given that patent litigation brought by non-performing entities (n�e patent trolls) continues in full blossom, it's no surprise that Big Firm castaways are leaping in to get a piece of the action on the plaintiffs side. But representing trolls carries risks for lawyers who earned their patent pedigrees at defense firms, as a pair of decisions highlighted on Thursday.
The fight over the validity of so-called unfinished business claims in law firm bankruptcies is heating up in courts on both coasts this week.
Examiner Anton Valukas avoids stating an opinion about the litigation between Barclays and the Lehman estate and creditors, but his report provides a detailed account of events leading up to the sale. He finds some support for Lehman's argument that certain assets were undervalued--yet no evidence of a quid pro quo conspiracy.
Justices Strike Down Animal Cruelty Law on First Amendment Grounds
First Amendment advocates applauded the U.S. Supreme Court's ruling Tuesday striking down a federal law that made it a crime to create, sell or possess certain depictions of animal cruelty. Chief Justice John Roberts Jr., writing for an 8-1 majority, called the law a "criminal prohibition of alarming breadth," and sharply criticized the government's defense of the law. The ruling left open the possibility that a statute narrowly focused on so-called "crush videos" might be found constitutional.Finance Reform Swamped by Big Bucks From Lawyers
With the passage of rules designed to reduce big money's influence, many expected contributions to decline in the most recent presidential race. Instead, politically active law firms filled campaign coffers at an unprecedented rate, some doubling their 2000 year spending. Law firms launched or expanded their PACs, while individual lawyers took advantage of increased limits and donated more to federal candidates. Which firms helped drive up the cover charge to play in Washington, D.C.?Trending Stories