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Our good friend David Marcus of The Deal has an early tip sheet on leading contenders for the seat Lamb will surrender in July. One thing we know: The next vice-chancellor will be a Republican.
Retention Is a Midsize Law Firm Priority
Attrition problems have prompted midsize law firms to hire development directors -- a trend megafirms have already invested in. But the smaller firms are bringing in career professionals for another reason: "Midsized firms don't want to lose associates who want the training they feel like they'd be getting" at large firms, says one legal recruiter. Lewis and Roca managing partner Kenneth Van Winkle says his firm is hiring a development director to help associates and nonequity partners become full partners.In one of the few cases that outlasted last year's $716 million stent patent settlement between the two bitter rivals, Boston Scientific's team from Kenyon & Kenyon and Howrey pulls out a big victory.
Walrath Throws Out Continental Suit; Orders Pilots to Pay Airline's Legal Fees
A Delaware judge has thrown out a more than $1 billion lawsuit against Continental Airlines by 300 former Eastern Airlines pilots seeking back pay and jobs denied them after Continental filed for bankruptcy court protection in Delaware in 1990. U.S. Bankruptcy Judge Mary Walrath in Wilmington ordered the pilots to dismiss their suit against Continental and directed them to pick up the tab for the airline's legal bills.ICO Global's Cash Crunch Leads to Bankruptcy
Satellite-telephone provider ICO Global Communications Ltd. has been forced by a cash crunch to join the parade of multi-billion dollar companies that have sought protection in Delaware this year to reorganize themselves. ICO hoped to create the world's third global satellite-telephone network, but ended up following the footsteps of Iridium LLC, which decided to seek protection from creditors in Delaware two weeks earlier. Iridium was the first to offer satellite-telephone calling.Last month, Cravath failed in its efforts to upend Airgas's poison pill. But on Thursday, it succeeded in defending a poison pill put in place by client Barnes & Noble.
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