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March 04, 2024 | Delaware Business Court Insider

Elon Musk Faces Suit Over Severance Pay From Former Twitter Legal Chief, General Counsel and Other Executives

"Because Musk decided he didn't want to pay plaintiffs' severance benefits, he simply fired them without reason, then made up fake cause and appointed employees of his various companies to uphold his decision," says a complaint filed Monday by Twitter's former Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett.
4 minute read
March 04, 2024 | The American Lawyer

Deal Watch: Davis Polk, Latham and Simpson Land on Rising Debt Deal Work

The number of announced debt offerings hit an all-time high for the Deal Watch column in the last week, with no fewer than 20.
11 minute read
March 04, 2024 | The Recorder

Sidley Austin, Simpson Thacher Add Paul Hastings Office Leaders

Peter Burke and David Hernand, who each held leadership roles at the Southern California offices of Paul Hastings, have left for Sidley Austin and Simpson Thacher, respectively.
5 minute read
March 04, 2024 | The American Lawyer

Vanessa Ford Reminded Us That Law Firm Culture Is Still Toxic. Why Does It Survive? 

Law firms have been trying to improve their culture for a long time. So why, the Global Lawyer asks, are we still shocked when we are jolted into realizing not much has changed?
10 minute read
March 04, 2024 | The American Lawyer

Kirkland Lays Off Capital Markets Lawyers in Greater China

In a meeting with associates, a partner at the firm attributed the firm's decision to market conditions and the size of the team, which is 'too big', a source told Law.com International.
4 minute read
March 04, 2024 | Corporate Counsel

$42M Rat-Infestation Fine Underscores Sanitation Risks Facing Warehouses

The Justice Department lowered the boom on Family Dollar after federal inspectors found 1,270 dead rodents at its Arkansas distribution center.
6 minute read
March 03, 2024 | Law.com

Vanessa Ford Reminded Us That Law Firm Culture Is Still Toxic. Why Does It Survive? 

Law firms have been trying to improve their culture for a long time. So why, the Global Lawyer asks, are we still shocked when we are jolted into realizing not much has changed?
10 minute read
March 01, 2024 | Delaware Business Court Insider

Del. Justices Uphold Chancery Ruling And Other Litigator of the Week Shout Outs

Vice Chancellor J. Travis Laster last year found that the company's largest stockholders were bound to follow a recommendation from the board and vote for a charter amendment to increase the corporation's authorized shares.
7 minute read
March 01, 2024 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

A Skadden defense team secured an acquittal for semiconductor company Fujian Jinhua Integrated Circuit Co. in a criminal trade secret and economic espionage case originally filed as part of the Justice Department's now-defunct China Initiative.
7 minute read
March 01, 2024 | The American Lawyer

Big Law Finds Growth Opportunities Through IP Hires

Sidley, Orrick, Squire, Sheppard Mullin and Spencer Fane have all added IP hires this week. "Growing with the right people begets more growth," said Spencer Fane chair Pat Whalen.
4 minute read

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