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From Executive Legal Adviser:Texas' Best-Paid CEOs
The compensation of chief executive officers at large Texas companies is no secret. CEO compensation is reported in proxy statements and 10-k reports the companies file yearly with the U.S. Securities and Exchange Commission. The chairman of ConocoPhillips leads the list with compensation of more than $50 million.Lawyers fighting to hold KBR responsible for allegedly leaving employees vulnerable to deadly convoy attacks in Iraq presented a federal judge with some eye-popping evidence Wednesday. "We will get people injured or killed tomorrow," one former KBR official wrote in an internal e-mail on the eve of the attacks.
Before Record-Breaking Settlement, Big Firms Helped BP Raise Cash
With BP announcing Thursday that it has reached a record-breaking settlement with the Justice Department over criminal charges stemming from the Deepwater Horizon disaster, The Am Law Daily had a look at the Am Law 100 and international firms that have advised the British energy giant over the past two years on a series of asset sales aimed at raising the capital necessary to cover the company's liabilities.U.S. Supreme Court and Securities Litigation
John C. Coffee Jr., the Adolf A. Berle Professor of Law at Columbia University Law School and director of its Center on Corporate Governance, writes: The result in Janus Capital, where a five justice majority selectively combed dictionaries to give the narrowest possible construction to the term "maker" for purposes of Rule 10b-5, may be narrower than it first appears and may differ only marginally from existing law. More importantly, if the SEC truly wanted to nullify the impact of Janus Capital, it could do so easily (at least within the context of mutual funds).Plaintiffs lawyers are claiming victory after Friday's ruling in the sprawling Deepwater Horizon litigation, which allows a large number plaintiffs to seek punies despite statutory confusion and major resistance from BP and other defendants.
Chief Legal Officers' Compensation Up 11 Percent
General counsel who are among the highest-paid executives at large Texas companies earned more on average in 2011 than in 2010, according to Texas Lawyer's annual Corporate Roster, which reports on GC compensation.Trending Stories
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