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March 21, 2005 |

Mopping Up

The mood was somber the morning of Dec. 9, as Ronald Greenspan worked his way through a two-hour PowerPoint presentation chronicling the history of Brobeck's demise for a tense audience of 100 lawyers. He also laid out the legal theories for the partners' liability and explained his formula for determining how much each owed the estate. But within three months, 208 of the former Brobeck partners had inked individual settlements with Greenspan. Together they agreed to pay about $24 million to the estate.
10 minute read
December 12, 2011 |

The Measure of a Plan

After six years tracking diversity at large Dallas firms and no appreciable progress increasing minority representation among lawyers, Gerald "Jerry" Roberts, chairman of the Dallas Diversity Task Force, sees a need for a broader discussion on diversity.
8 minute read
March 17, 2010 |

Survey Shows Pa. Law Firms Don't Shine When It Comes to Diversity

Whether they moved up or down in the ranks of this month's Diversity Scorecard in Legal affiliate The American Lawyer, most Pennsylvania-based firms have little to show when it comes to the number of minorities in their ranks.
5 minute read
January 09, 2006 |

News in Brief

A Philadelphia judge has certified as a class all Pennsylvania Wal-Mart employees who believe they were not compensated for rest and meal breaks they allegedly missed over the course of the past seven years.
5 minute read
December 08, 2009 |

Supreme Court Likely to Leave Accounting Oversight Board as Is

The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002. Congress created the Public Accounting Oversight Board in the aftermath of the Enron and WorldCom accounting scandals, giving the board broad and independent power to regulate accounting firms, which had been self-regulated before. The suit challenges the board's constitutionality as too insulated from presidential power.
3 minute read
June 16, 2006 |

Increasing Competition in China Causes Friction for Law Firms

In China the rules state that U.S. firms can't practice Chinese law nor can the Chinese lawyers who work for them. Since the influential Shanghai Lawyers Association denounced what it said were Western firms' widespread violations of those rules, leaders of foreign and domestic firms have been abuzz over the possibility of a government crackdown. The use of Chinese lawyers as "legal consultants" isn't the only cause of friction between foreign and Chinese firms.
6 minute read
June 18, 2007 |

Conflict Looms Over Executive Privilege

Democrats have long believed that the DOJ's plan to fire U.S. Attorneys began in the White House, and last week they proved willing to take the investigation to its doorstep by subpoenaing former Bush aides. White House counsel Fred Fielding hasn't budged from his first response to congressional inquiries in March: no transcripts and no public testimony. But many observers say the subpoenas are likely to force the White House to find a middle ground, even if it takes a protracted legal fight to get there.
7 minute read
October 03, 2003 |

Directors' Concern Increases Over Executive Pay

It seems the reformers are not finished with the corporate boardroom. This time the issue is executive compensation, propelled to the front lines by the scandal over former New York Stock Exchange Chairman Richard Grasso's $188 million compensation package. The Grasso pay flap is the latest in a series of events causing corporate directors to wonder if they too could be blamed for how they go about paying company executives.
6 minute read
March 31, 2004 |

Vermont Torts to Govern Suit Against IBM

A Westchester County, N.Y., judge has ruled that a teenager with birth defects can sue IBM in New York under the laws of Vermont, where the young woman's father worked in an IBM factory and allegedly contaminated his pregnant wife with chemicals. The ruling establishes tort rights for Vermont plaintiffs among those suing IBM in New York over chemicals at its plants in East Fishkill, N.Y., and Burlington, Vt.
3 minute read
May 07, 2002 |

Miami Lawyer Loses Enron Assignment to New York, Houston Firms

In a surprising turn of events, the firms Kronish Lieb Weiner & Hellman in New York and McClain & Siegel in Houston outmaneuvered Scott L. Baena, a partner with Bilzin Sumberg Dunn Baena Axelrod & Price in Miami, and jointly won the position as counsel to the Severed Enron Employee Coalition (SEEC). In January, Baena was retained by the SEEC to win a separate, employee-only committee.
4 minute read

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