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Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.
Considering Arbitration's Costs and Dangers
When they are negotiating the terms of commercial contracts, companies frequently assume that inclusion of an arbitration clause is a no-brainer. Savings with the stroke of a pen, right? Not always, warn attorneys Brian H. Corcoran and Mandie Landry. Arbitration holds its own hidden risks and dangers that are too easily glossed over. Here are five factors any company thinking about including an arbitration provision in a contract should consider.The $2.15 billion settlement that Lee helped secure this week for Pfizer Inc. is believed to be the largest ever in a patent case. And what's more, says Lee, the deal serves as a warning to generic pharmaceutical companies looking to get a jump on introducing new drugs.
Locke Liddell Merger With Lord Bissell Will Form 700-Lawyer Firm
Locke Liddell & Sapp, based in Houston and Dallas, and Chicago-based Lord, Bissell & Brook have agreed to merge and will form a 700-lawyer firm named Locke Lord Bissell & Liddell. Locke Liddell is the larger firm with 399 lawyers, but Lord Bissell, which has about 300 lawyers, has a wider range of offices. "To my knowledge, this is the first time a large Texas firm merges with a law firm from outside Texas with offices outside the United States," says Jerry Clements, managing partner of Locke Liddell.Trending Stories
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