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Phila. Securities Lawyers Revive Shareholders Suit
Appeals Court Eases Standard For ClaimNumbers of Minorities, Women on the Rise on Philadelphia
There are more African-Americans and women but fewer summer associates overall visiting Philadelphia law firms this summer. And after a year of robust salary increases, firms held the line in 2001.Retention Campaign Funding Increasing, Drawing Concern
There are plenty of reasons why law firms and attorneys might be inclined to contribute to the retention campaign fund of a state Supreme Court justice.Ninth Circuit Takes Aim at Gun Companies
The Ninth Circuit U.S. Court of Appeals held Thursday that gun manufacturers can be held liable for letting weapons fall into the hands of criminals, in a decision that could bolster similar cases pending throughout California. "Because the plaintiffs have stated a cognizable claim under California tort law for negligence and public nuisance against the manufacturers and distributor of the guns used in the shootings, we reverse the district court's dismissal against the plaintiffs," wrote Judge Paez.Secret Sources Safe in Securities Suit
Corporate defendants are not entitled to know the identity of confidential informants in securities fraud cases if the plaintiff is able to plead sufficient other facts that support the claim, but the plaintiffs are nonetheless required to turn over the names and addresses of every witness with relevant information, a federal judge has ruled.Secret Sources Safe in Securities Suit
Corporate defendants are not entitled to know the identity of confidential informants in securities fraud cases if the plaintiff is able to plead sufficient "other facts" that support the claim, but the plaintiffs are required to turn over the names and addresses of every witness with "relevant information," a federal judge has ruled. The ruling comes in a suit by CIGNA investors who allege that the company and three top executives made false and misleading statements about the company's finances.Will former clients haunt Holder
One afternoon shortly after the 2001 inauguration, Eric Holder Jr. considered his future from his lavishly appointed office in the Justice Department's Robert F. Kennedy Building, still his a while longer, until his Republican successor arrived. One of his old friends, Covington Burling's Thomas Williamson Jr.Genocide Suit Principles Are Reaffirmed
Recent case law has done nothing to change the principle that corporations may be held liable under international law for violating norms of universal concern such as the prohibitions on genocide and torture, a federal judge has ruled. Southern District of New York Judge Denise Cote this week rejected the argument of oil company Talisman Energy Inc. that newer U.S. Supreme Court and 2nd Circuit decisions have changed the landscape for corporate liability under the Alien Tort Statute, 28 U.S.C. �1350.Class Action Yields $60.7 Million in Legal Fees
In a decision brimming with praise, a federal judge has awarded $60.7 million in attorney fees to the lawyers who brought an antitrust class action against the leading makers of corrugated paper products and secured some $202 million in settlements. Senior U.S. District Judge Jan E. DuBois granted the full amount requested by the team of over 200 lawyers who together logged more than 51,000 hours during six years of litigation.Trending Stories
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