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December 11, 2001 |

Many Firms Will Profit From Enron Bankruptcy

The Enron bankruptcy and litigation surrounding the company's collapse promise to keep a lot of lawyers busy for a long time. The huge bankruptcy will be a lucrative project for firms such as New York's Weil, Gotshal & Manges and Houston's Andrews & Kurth. The litigation between Enron and Dynegy Inc. is also employing firms such as Houston's Baker Botts and New York-based Paul, Weiss, Rifkind, Wharton & Garrison.
4 minute read
September 18, 2003 |

'Faithless' Forfeits

A federal appeals court in New York has ordered a former investment banker to forfeit all his compensation because of a pattern of disloyal acts. The decision reversed a U.S. district court decision that awarded $4.4 million to Rohit Phansalkar, an ex-partner at Andersen Weinroth & Co. The private equity firm had sued Phansalkar for failing to disclose certain fees and stock options he had received as a director on company boards.
6 minute read
September 21, 2012 |

Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)

Notice to the bar.
380 minute read
March 31, 2003 |

The Great Rapprochement

When the SEC invited comment on its proposed rules implementing the Sarbanes-Oxley Act, lawyers for foreign companies listed on U.S. stock exchanges wasted no time in airing their views. But, as Elizabeth Wall, the London-based chair of the American Corporate Counsel Association, puts it: "If you want to be in the U.S capital markets, [the Sarbanes-Oxley rules are] a necessary evil."
5 minute read
November 21, 2002 |

DOL: Adjusters Not Eligible for Overtime Pay

Insurance claims adjusters are not entitled to overtime pay, according to an opinion letter by the U.S. Department of Labor that may have major impact on the glut of wage-and-hour class actions in the courts. The damages in these cases can be huge, such as 2001's $90 million verdict against Farmers Insurance. While not legally binding, the opinion letter will likely have an effect on pending and future litigation, say attorneys.
3 minute read
September 07, 2006 |

Rite Aid's Job Surveys Defeat Its Anti-Class Arguments

When California federal Judge Thelton Henderson ruled against Rite Aid last week in an employment suit, certifying a class of more than 1,000 store managers, his decision was based largely on evidence provided by Rite Aid. The suit accuses the drug store chain of improperly classifying managers under California law; in response, Rite Aid twice had store managers complete work questionnaires. The results, Henderson found, proved that the managers share a typical work experience for class purposes.
3 minute read
June 27, 2001 |

Proposed Merger by Joint Reorganization Gains New Life

Creditors dropped a lawsuit seeking to stop Genesis Health Ventures' proposed takeover of Multicare Cos. Inc., giving new life to what could be the first merger between two bankrupt companies. The unsecured creditors committee in Multicare's Chapter 11 filing agreed to end its suit seeking to block the merger in return for 2.5 percent of the equity in the combined company and 4 percent of the new warrants.
4 minute read
April 24, 2000 |

Dot-Com Drop-Off

The stock market has sent a clear message to high-tech deal-makers: your job just got harder. The stock market meltdown of April 14 turned the high-tech industry on its head, indicating that investors' seemingly insatiable appetite for Internet and e-commerce stocks may finally have waned.
5 minute read
May 08, 2000 |

Probe Puts Chief Judge on the Spot

Norma Holloway Johnson -- who presided over the grand jury investigation that spurred the impeachment of a president -- is at the center of a controversy that threatens to engulf the federal trial court in Washington, D.C. A panel is investigating whether Johnson, as chief judge of the court, improperly shuttled the criminal prosecutions of well-connected Democrats to judges appointed by President Bill Clinton.
9 minute read
December 06, 2006 |

Where Will the Troubles End for Sonsini and HP?

Wilson Sonsini Chairman Larry Sonsini, who has plotted his career and his law firm's path to dominance with the precision and focus of a master, found himself this year in a place he never expected to be: testifying before Congress on his role as outside counsel to Hewlett-Packard, caught up in a boardroom spying scandal. Sonsini and his firm have faced criticism before -- over alleged conflicts and investments in client stock -- but now they face a crisis that might not blow over.
24 minute read

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