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BNP claims BoNY has improperly distributed insurance proceeds from a mortgage-backed securitization trust it oversees.
'NLJ 250' Shows Strong Law Firm Growth Continuing
The 250 largest law firms in the U.S. grew by 4 percent in 2006, a figure that was just shy of the prior year's gains, according to The National Law Journal's 29th annual survey. The results indicate a "healthy legal economy" spurred by strong mergers and acquisitions activity and big-ticket litigation, said one law firm consultant. And while law firms used to base their mergers on geography and size for size's sake, they now take a much more strategic approach, said another consultant.The U.S. Supreme Court refused on Monday to second-guess an appellate court's decision to revive an antitrust suit against a big swath of the magazine industry, handing a win to bankrupt magazine wholesaler Anderson News and its lawyers at Kasowitz, Benson, Torres & Friedman and Kellogg, Huber, Hansen, Todd, Evans & Figel.
Is the Magic Circle Becoming the Tragic Circle?
From 1998 through 2001, U.K.-headquartered law firms had astonishingly high growth rates. The last three years have been less kind, and firms are trying to hold on to these gains by the skin of their teeth. The largest and most lucrative mergers and acquisitions deals in Europe are being cherry-picked by U.S. firms, and Europe has seen neither a rise in U.S.-style litigation nor the volume of corporate meltdowns handled by their American counterparts. Partha Bose analyzes who will survive -- and how.Rejecting arguments from a virtual who's who of Big Law energy firms, the U.S. Court of Appeals for the Ninth Circuit ruled Wednesday that retail consumers of natural gas can pursue state law antitrust claims stemming from Enron-era price manipulation.
The en banc opinion in Ariad v. Lilly means academics can't get patent protection for cutting-edge research if they can't describe what their discovery does.
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