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The 100 most influential lawyers in America
For the first time in six years, we offer our take on the country's most influential lawyers.Exon-Florio Amendment Now U.S. Law
This summer, President Bush signed legislation reforming the interagency process for reviewing foreign acquisitions of U.S. corporate entities. The Foreign Investment and National Security Act of 2007 makes several significant reforms, but the final bill keeps in place the basic structure of the Exon-Florio statute, and in so doing strikes an appropriate balance between protecting national security and welcoming foreign direct investment in the U.S., say attorneys Edward F. Gerwin Jr. and Lawrence Kiern.Class lawyers for settling dairy farmers have asked a federal judge in Tennessee for $55.7 million in fees and expenses for their work on the case against Dean Foods and a marketing co-op; most of that money would cover work performed by lawyers at defunct Howrey LLP who jumped to Baker & Hostetler last year.
For any class action plaintiffs lawyer, winning tens of millions of dollars in fees is a big deal. But the litigation Robert Abrams of Baker & Hostetler spearheaded for a group of southeast U.S. dairy farmers isn't your average case--not for Abrams, his firm, or the bankruptcy trustee and creditors of Howrey LLP.
For the second time in a month, Manhattan federal district court judge Lewis Kaplan has ruled that a shareholder case against a Parmalat auditor can proceed, despite the auditor's claims that it should not be held responsible for the failings of one affiliated office. This time, the firm getting the bad news is Grant Thornton.
The Chase Manhattan Bank v. Affiliated FM Insurance Co.
Divestiture After Remand Cannot Cure the Past Appearance of Disqualifying Interest During TrialHowrey Collects $1 Million Fee From Weld for Counsel in Kentucky School Probe
William Weld, the former governor of Massachusetts and a one-time New York gubernatorial hopeful, is in the process of paying a legal bill of more than $1 million to Howrey following a fee dispute that went to arbitration last year. Howrey had represented Weld in litigation arising from an accreditation and student-loan scandal at Decker College in Louisville, Ky. Weld served as a Decker board member and as chief executive officer for the school for 10 months before it filed for bankruptcy in 2005.Trending Stories
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