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December 01, 2003 |

Model Behavior

Any formula that slices legal budgets is likely to seduce in-house counsel, particularly when company higher-ups are looking to trim the bottom line. And outsourcing -- diverting legal work to companies other than law firms -- is exploding in popularity among corporate counsel, led by chemical-producing giant DuPont's so-called Legal Model. It's a seductive idea, but some say it's far from risk-free.
9 minute read
May 30, 2013 |

New Deals

After months of eyeing possible acquisition targets, Canada's Valeant Pharmaceuticals International decided to narrow its sights on Bausch & Lomb. Also, it took a Middle Eastern sheikh, a storied baseball franchise, and four law firms to help bring professional soccer back to Manhattan.
5 minute read
October 24, 2001 |

Legal Market Feeling Pain in All Corners

Goodbye, salary raises and fat bonuses. Hello, layoffs, performance reviews, and corporate downsizing. Law firm layoffs, once just a problem for tech counsel, are starting to spread. And it's not just firms: Corporate legal departments are looking to do more with less, and legal temp agencies are swamped with recent grads looking for a paycheck.
7 minute read
May 26, 2005 |

Coudert Explores Action Over Defections to Orrick

Stung by the defection of all of its partners in London and Moscow, Coudert Brothers is considering a lawsuit against Orrick, Herrington & Sutcliffe, which hired the partners away. Coudert has retained Barry Ostrager, the co-head of litigation at Simpson Thacher & Bartlett, to investigate whether Orrick and the departing partners breached confidences gained in merger discussions between the two firms. The loss has been a blow to Coudert: As other U.S. firms have expanded overseas, its stature has fallen.
4 minute read
March 01, 2004 |

Timing Seen as Everything in Patent Infringement Claim

The timing of PostX Corp.'s infringement suit against e-mail encryption rival Sigaba didn't sit well with the company. Sigaba claims the suit, filed right after it won a big contract from Bank of America, was designed to derail its deal. Though not uncommon in patent disputes, antitrust counterclaims can be hard to prove and judges have become less willing to grant summary judgment. But Sigaba thinks it can buck that trend.
4 minute read
October 03, 2006 |

N.J. Insurer Claims Hedge Fund Meddled With Stock Price Moves

Despite a rising share price, New Jersey insurer Crum & Forster Holdings Corp. and its parent Fairfax Financial Holdings Limited are pressing a $6 billion suit alleging that hedge fund S.A.C. Capital Management and accomplices depressed its stock price. The suit was removed to federal court, but plaintiffs lawyers are seeking a remand, contending the case belongs in state court because it alleges violations of the state Racketeer Influenced and Corrupt Organizations Act.
4 minute read
Norex Petroleum v. Access Industries, 07-4553-cv
Publication Date: 2010-09-30
Practice Area: Civil Practice
Industry:
Court: U.S. Court of Appeals, Second Circuit
Judge: Before: Pooler, Katzmann, C.JJ., and Preska, Ch.DJ.1
Attorneys:
For plaintiff:
For defendant:
Case number: 07-4553-cv

Cite as: Norex Petroleum v. Access Industries, 07-4553-cv, NYLJ 1202472687813, at *1 (2d. Cir., Decided September 28, 2010)Before: Pooler, Katzmann, C.JJ., and

July 06, 2009 |

Hostage Drama Illustrates Divorce Case Dangers

The violent drama couldn't have been more obvious. The solutions to curb it, much less so. An hour before a divorce court hearing last week, Hartford lawyer Nancy Tyler was kidnapped from her law firm's CityPlace garage and held hostage at gunpoint in her South Windsor home all day while her ex-husband, advertising executive Richard Shenkman, issued bizarre demands, threatening murder, suicide and death to the police. Miraculously, Tyler, 57, freed herself and escaped at dusk. Shenkman continued the standoff, set fire to the family home, and when the heat drove him out, police disarmed him with non-lethal rounds. A week before, in Vernon, the stress of divorce was apparently a key factor in the terrifying murder-suicide of James and Alice Morrin, a highway engineer and TV news director with two young children. Connecticut divorce lawyers were stunned, but reflective.
7 minute read
March 27, 2006 |

Newsmakers

4 minute read
June 06, 2013 |

IMF Says Greece May Need Faster Relief, Cites Own Mistakes

Greece's public debt remains a risk to its recovery that could require faster European relief, the International Monetary Fund said as it criticized its own handling of the country's rescue.
5 minute read

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