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Coudert Brothers dies a slow death
COUDERT BROTHERS may be dead, but its problems only seem to be getting worse. The firm, which closed up shop in August 2005, is awash in debt, has declared bankruptcy, and was recently hit by a pair of judgments totaling $2.8 million. Though the firm has paid off $23 million it owed to bank creditors Citigroup Inc. and JPMorgan Chase Co.In the two-pronged fight between Craigslist and its minority investor eBay, Craigslist lost a round last fall when the Delaware Chancery Court struck down a poison pill that blocked eBay from gaining board representation. Now it's on the winning end of a preliminary ruling in a parallel California fraud suit accusing eBay of misusing confidential information--but the California judge still has to weigh the impact of the Delaware court's decision.
Faye Dunaway named in eviction lawsuit
A New York City landlord is suing Faye Dunaway, claiming the actress' rent-stabilized apartment is not her primary residence.In Anderson Case, Uneasy Role for Firms
A handful of law firms face being pulled into the largest tax fraud case in U.S. history. Though none has been accused of wrongdoing, business lawyers who worked with indicted telecom baron Walter Anderson and the companies he controlled risk becoming embroiled in the courtroom brawl between prosecutors and Anderson's defense attorney, Abbe Lowell, who is strongly signaling that his defense will examine the advice Anderson received from lawyers and accountants.Law Professors, Students Sue Defense Department
A group of University of Pennsylvania Law School professors and students filed suit Wednesday claiming the Defense Department threatened to cut off federal funding to the university if the law school did not begin treating military recruiters the same as other employers. The suit says the military's insistence on strict enforcement of the Solomon Amendment has forced the law school to abandon its non-discrimination policy toward gays and lesbians.Chancellor William Chandler III of Delaware Chancery Court didn't give the online auction site everything it wanted in his ruling, but it was enough for eBay counsel Michael Rhodes of Cooley to claim victory.
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