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December 09, 2005 |

Winning Pay Hikes For Low Wage Workers

In what surely will advance the cause of lawyers engaged in a state-by-state "living wage" campaign on behalf of the working poor, a freshly retired Manhattan litigator and a young activist with the Brennan Center for Social Justice scored a victory last week in a sweeping decision from the New Mexico Court of Appeals that upheld Santa Fe's right to set local minimum hourly pay at $8.50 for virtually all workers in both the public and private sectors.
5 minute read
May 04, 2005 |

Dirty Companies For Sale

In the past year, the U.S. Department of Justice and the Securities and Exchange Commission have brought U.S. Foreign Corrupt Practices Act actions against (or settled with) six companies. And suspicions of corruption in an acquisition target killed a $2 billion deal in 2004 and delayed two others on the order of $1 billion. Why? Experts suggest the Sarbanes-Oxley Act and a little-known international anti-bribery convention have turned corporate corruption into a deal-breaker.
5 minute read
November 26, 2002 |

Pennsylvania v. Hershey Trust Company

2 minute read
September 28, 2010 |

Obama's Ex-Counsel Reveals White House Tensions

The possible departure of White House Chief of Staff Rahm Emanuel could shore up the standing of another prominent member of the Obama administration, Attorney General Eric Holder Jr. That's according to Gregory Craig, who served as counsel to President Barack Obama until January. Craig had a contentious working relationship with Emanuel on issues of national security, as has Holder. And Craig's views on the subject -- picked up by a live microphone at a recent speech -- weren't meant to be public.
4 minute read
February 08, 2010 |

SEC Abandons Beleaguered Backdating Case Against Former Broadcom Executives

The SEC has voluntarily dropped its civil case against four former Broadcom executives, including the former general counsel. It was the latest setback in the U.S. government's pursuit of securities fraud tied to stock options backdating at Broadcom. In December, a federal judge dismissed criminal charges against Broadcom co-founder Henry Nicholas and former CFO William Ruehle, largely due to prosecutorial misconduct. The judge also dismissed the SEC's related complaint but gave the commission the option to amend the charges.
3 minute read
Credit Union Regulator Unveils New JPMorgan Suit as Courts Mull Time Limits for Agencies' Claims
Publication Date: 2012-12-17
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In its biggest suit yet, the National Credit Union Administration claims Bear Stearns sold $3.6 billion in shoddy mortgage-backed securities to four failed credit unions. But just like the cases that the Federal Housing Finance Agency brought against a slew of banks, the NCUA suits are in limbo as federal appeals courts weigh whether the agencies waited too long to sue.

October 27, 2003 |

Clifford's Game of Chance

London's Clifford Chance marched into California in June 2002 with a swagger. Ex-Brobeck, Phleger & Harrison chief Tower Snow Jr. said he saw nothing but expansion for his new firm, predicting Clifford Chance would have 100 lawyers in the state by the end of 2002. But 16 months later, momentum has slowed -- and with the economy still weak, every other major firm is looking for big-name laterals to boost their practices.
10 minute read
May 11, 2004 |

Citigroup Settles WorldCom Litigation

The cleanup after the collapse of WorldCom Inc. advanced Monday when Citigroup Inc. announced it would pay investors $2.65 billion to settle claims that one of its investment banking units helped disguise WorldCom's accounting fraud. The settlement, if approved by federal Judge Denise Cote, removes a central player from the litigation spawned by WorldCom's revelation that it hid more than $11 billion in costs on its balance sheet.
3 minute read
December 02, 2009 |

Bonuses at Law Firms Not Guaranteed in 2009

It's the end of the year and you've put in some grueling hours at your law firm. Normally, you'd expect there will be a little something extra for your efforts, but this year has been anything but normal for most people. Some firms may be ready to be as generous as possible, while others seem to feel that being employed in this economy is bonus enough. "Bonuses will be few and far between," said Peter Giuliani, a law firm economic adviser. "It's going to be a lean year for some associates."
6 minute read
May 30, 2008 |

The A-List (21-50)

9 minute read

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