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Ninth Circuit Finds Armenian Genocide Claims Preempted by U.S. Foreign Policy
Publication Date: 2009-08-21
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Mayer Brown represents Munich Re, the insurance company that challenged a California law extending the statute of limitations on genocide claims. The appeals court concluded that because the U.S. government does not recognize the deaths of more than 1.5 million Armenians in World War I as a genocide, the California law is unconstitutional.

Skadden Knocks Out Repurchase Claims in Bond Insurer's Suit Against UBS
Publication Date: 2012-08-16
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Sometimes a court ruling is almost as noteworthy for its dicta as for its holding. That's the case for a ruling this week in Assured Guaranty's $1 billion RMBS suit against UBS, in which a federal judge took a jab at the "immorality" of our "win at any price society."

September 16, 2011 |

NY Lawyers Switching Firms

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March 26, 2003 |

22 minute read
Credit Union Regulator Sues UBS for Alleged Misrepresentations of Mortgage-Backed Securities
Publication Date: 2012-09-07
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The National Credit Union Administration has sued a UBS unit for allegedly making misrepresentations in the sale of more than $1 billion in mortgage-backed securities to two credit unions that failed. The suit, filed on Thursday in Kansas federal district court, is the latest by the NCUA against financial institutions that sold mortgage-backed securities to now-defunct corporate credit unions.

March 23, 2001 |

Following the Money

In just the last two months, three Washington, D.C., firms have opened offices in Europe. The Continent continues to be a powerful magnet for D.C.-based law firms intent on following clients into global markets, as well as signing up new ones. Business in London, Berlin, and Moscow has been especially good over the past year.
9 minute read
May 24, 1999 |

Judge Rejects 'Worthless' Deal

A New York federal judge has rejected a shareholder class action settlement and request for $200,000 in plaintiffs' attorney fees, calling the deal virtually worthless to shareholders. The case stemmed from the 1998 purchase of London insurance broker Willis Corroon Group P.L.C. by an investor group led by Kohlberg Kravis Roberts & Co. (KKR).
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September 16, 2011 |

Personal Notes on Lawyers

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The $6 Billion Man: Irv Terrell Leads Asarco and Creditors to Gargantuan Judgment Against Grupo Mexico
Publication Date: 2009-04-03
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On Thursday a federal district court judge in Brownsville, Texas, ordered Grupo Mexico to transfer 260 million shares of a Peruvian mining company to Terrell's client. The take: a cool $6 billion. That's a lot of pesos!

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