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Firms See Israel as New Frontier for Business Development
Now that Israel has opened up its legal sector to foreign attorneys, some New York firms have plunged into a process they hope will bring more Israeli business. Zeichner Ellman, which said it was among the first to be certified, has already opened an Israeli office. DLA Piper and Greenberg Traurig said their lawyers have also begun the certification process.In The Trenches: Formetco gains in-house GC
MARK R. SWANSON has given up his solo practice to join longtime client Formetco Inc. as its full-time general counsel. Swanson, a business litigator, began representing Formetco more than 20 years ago while at Powell Goldstein, and the relationship has continued ever since. Swanson said that as Formetco has expanded, his work for the company has increased, leading it to establish the in-house position.Fla. ex-attorney pleads guilty in $1.2B Ponzi scam
FORT LAUDERDALE, Fla. AP - A disbarred attorney who courted politicians and star athletes and led a flamboyant lifestyle even by South Florida standards pleaded guilty Wednesday to federal charges that he ran a $1.2 billion Ponzi scheme.Scott Rothstein, 47, pleaded guilty to all five counts against him, including wire fraud, money-laundering conspiracy and a racketeering charge commonly used to take down Mafia chieftains.The Churn: Lateral Moves and Promotions in The Am Law 200
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GE's Immelt accepts blame for eroded trust
General Electric Co. Chief Executive Officer Jeffrey Immelt, two weeks after turning down $11.7 million in bonus pay, took responsibility for eroded investor trust and said he will work to restore faith in GE. "Our company's reputation was tarnished because we weren't the 'safe and reliable' growth company that is our aspiration," Immelt, 53, said in his yearly letter to shareholders dated Feb.Three Firms Feast on $2.2 Billion Food Recycling Deal
Food recycler Darling International has agreed to acquire the specialty ingredients division of Dutch food company Vion Food Group for roughly $2.2 billion in cash. K&L Gates and Clifford Chance are representing Darling in the deal, while Dutch firm De Brauw Blackstone Westbroek is advising Vion.Stocks rise after increase in consumer spending
NEW YORK AP - Stocks rose Monday after an increase in consumer spending boosted confidence in the economy.The Dow Jones industrial average rose about 45 points in afternoon trading. Broader indexes also climbed.The Commerce Department said consumer spending rose for the fifth consecutive month in February, matching economists' expectations.Does the Supreme Court's ruling in Concepcion mean that the business world's love affair with arbitration should trump all other considerations, even basic notions of fairness? I sure hope not. The justices may have a chance to revisit the issue, given a recent and public split in the Second Circuit in a case involving American Express.
Michael Vick's fate to be determined by tough but fair' judge
RICHMOND, Va. AP - The judge who will determine how much time Michael Vick spends in prison has shown little mercy over the years for high-profile defendants.Nobody knows this better than defense lawyer Robert H. Smallenberg.In 2004, he represented a city official who stole more than $1 million from Richmond taxpayers.Trending Stories
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