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Do banks have the right to charge huge penalty fees for checking account overdrafts? A senior judge in Florida ruled that 15 cases raising such allegations can proceed to discovery in litigation that could cost the banks hundreds of millions of dollars.
Will Law Firms Take First-Years' Money Pot Off the Boil?
With first-year salaries at large law firms soaring by an impressive 250 percent in 20 years, some firm leaders are asking new questions about the cycle. "It's got to end," says Cozen O'Connor Chairman Stephen Cozen. "There's not an unlimited pot out there." The increase in salary on the lower end and the dwindling of partner profits to pay for it on the other end has created a tension zone somewhere in the middle, according to observers. And are firms even seeing a return on their investment?Two cases don't quite make a trend, but it's pretty interesting that the federal judges who last week certified ERISA classes both previously dismissed securities class actions raising very similar allegations against the defendants.
The exchange agreed Wednesday to pay the Securities and Exchange Commission a $10 million penalty to settle charges related to "poor systems and decision-making" during Facebook Inc.'s rocky IPO and subsequent trading.
100 Largest Law Firms Alphabetically
The following is a list of the 100 largest law firms in Pennsylvania sorted alphabetically as reported in the 2010 edition of PaLAW magazine.Trending Stories
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