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Gross Revenue at BigTex Firms Inches Up in '11
The strength of the Texas economy, and the rock-solid energy business specifically, resulted in a strong year for the finances of large Texas firms. Jackson Walker managing partner C. Wade Cooper helped his firm's gross revenue jump 8.5 percent in 2011.A 'Nonprosecution Agreement' by Any Other Name...
On Aug. 28, Prudential Financial Inc. signed what it thought was a nonprosecution agreement with Michael Sullivan, the U.S. Attorney in Boston. But after the signing, deputy attorney general Paul McNulty called a press conference to trumpet the "deferred prosecution agreement." McNulty's comment has led some to question the government's credibility. The question of what to call the pact isn't just semantics -- a deferred prosecution deal carries more of a stigma than a nonprosecution agreement.Court Curtails Shareholder Prospectus Suits
Suing public companies for shareholder losses arising from allegedly false registration statements accompanying public stock offerings will be more difficult under a recent ruling by the 5th U.S. Circuit Court of Appeals.Texas High Court Limits Extrinsic Evidence in Duty-to-Defend Analysis
There is a high-stakes game going on, pitting insurance companies against their policyholders in a series of important coverage issues pending before the Texas Supreme Court. And the first point has gone to the insureds. In GuideOne Elite Insurance Co. v. Fielder Road Baptist Church, the court decided that the insurance company must defend its policyholder against a suit, even if extrinsic evidence exists that may show the insured's liability policy doesn't cover the alleged wrong.Powers of Attorney in Mexico: A Double-Edged Sword
Every day, thousands of multinational companies rely on powers of attorney to conduct the day-to-day administration of their Mexican businesses, write Antonio Salazar Escobar and Francisco Rivero. A company's ability to initiate and defend itself in litigation, pay taxes or issue checks are but some of the functions Mexican proxies (or poderes) facilitate.Trending Stories
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