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Am Law Second Hundred: Steady Does It
Lawyers like to lament the passing of their fabled past, when partners knew each other on sight, firms contented themselves to operating in one ZIP code and junior associates were not a menacing anonymous horde threatening to take out their frustrations via the blogosphere. As it happens, in the big-firm world those days aren't gone, they've just moved to the Am Law Second Hundred ranks, where firms are prosperous and growing steadily but retain the possibility of old-fashioned cohesion.LITIGATION 2009 Home Court Disadvantage
Investors have long complained that securities arbitration is biased toward brokerages. But this year arbitrators socked Credit Suisse with a $431 million award. More big cases are on the way.A looming trial in the case will showcase two of the country's most fearsome patent litigators — Douglas Lumish of Latham & Watkins for TransPerfect and Charles Verhoeven of Quinn Emanuel Urquhart & Sullivan for MotionPoint.
100 Largest Law Firms in Pennsylvania
The following is a list of the 100 largest law firms in Pennsylvania as reported in the 2010 edition of PaLAW magazine.According to Columbia Law School's John Coffee Jr., the SEC should take inspiration from the seemingly unstoppable litigation campaign being waged against Wall Street by the Federal Housing Finance Agency and its private lawyers at Quinn Emanuel.
In decision that could help wipe out as much as $2 billion in potential liabilities, OppenheimerFunds Inc. has beaten back a $767 million fraud and breach of contract case over an arbitrage system it oversaw for big banks.
Remember the reality TV show Making the Band? You probably don't, unless you were a 12-year-old girl when it premiered in 2000. Nevertheless, the Chapter 11 estate of boy band producer (and convicted felon) Lou Pearlman claims Viacom's MTV cheated him out of $60 million when it pushed him off the show's production team in favor of Sean "Diddy" Combs. On Friday, a judge denied motions to dismiss Pearlman's suit by Viacom and Diddy.
The government never gave up its case against McKesson executives Charles McCall and Jay Lapine for an alleged fraud ten years ago. On Thursday, prosecutors scored a partial vindication when a federal jury in San Francisco convicted McCall and acquitted Lapine on each count they faced.
Four years ago, Biovail filed a $4 billion RICO suit against SAC accusing the hedge fund of driving down the value of Biovail shares by writing negative false reports and short-selling its stock. SAC responded with a vexatious litigation suit. The ending is a surprise.
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