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October 27, 2008 |

All but two circuits interpret 'Twombly' broadly

The U.S. Supreme Court changed the landscape for motions to dismiss when it decided Bell Atlantic Corp. v. Twombly, (2007). The court declared that, to survive a motion to dismiss, a complaint must "raise a right to relief above the speculative level" and "state a claim to relief that is plausible on its face." The Supreme Court labeled the new standard the "plausibility standard." But how have courts across the country interpreted the "plausibility standard"?
9 minute read
July 18, 2008 |

Appeals Court: N.Y. Firm Liable for Acts of Retained Fla. Counsel

A New York law firm can be held liable for the failure of a Florida firm it retained to file a client's claim to more than $1.2 million from a Florida estate, an appeals court decided on July 17. Client Alice Whalen was not aware that her Albany firm, DeGraff, Foy, Conway, Holt-Harris & Mealey, was going to arrange for the Florida firm to file the claim when the estate of Julius Gerzof opened in Florida in 1996, and she relied "completely" on DeGraff Foy to stake her claim to the money.
4 minute read
June 25, 2007 |

Departures Shrink Kirkland's L.A. Office

Chicago-based juggernaut Kirkland & Ellis has continued to increase head count, revenue and profits firmwide. But in Los Angeles, key rainmakers are making less rain, and departures in the last six months have brought the 115-lawyer office to about 90 attorneys. With some of its leading lawyers reaching a stage where they're choosing to slow down, around 20 attorneys -- half of them partners -- have left the L.A. office over the last half year, some for top competitors.
3 minute read
August 02, 2013 |

Calendar

Calendar of events.
6 minute read
August 09, 2013 |

Law Firm Boyd & Jenerette Leaving Miami Market

Two years after launching a Miami office, Jacksonville-based Boyd & Jenerette is pulling out of the market this month.
4 minute read
April 08, 2002 |

Nine Banks, Two Law Firms

Houston - Nine investment banks financed lucrative schemes that helped Enron Corp. maintain its pre-collapse image as a profit powerhouse, according to attorneys who added the banks to a shareholder lawsuit yesterday.
3 minute read
June 09, 2008 |

Lehman raising $6B in capital, expects $2.8B loss

NEW YORK AP-Lehman Brothers Holdings Inc. on Monday said it will raise $6 billion in new capital to shore up its balance sheet after saying it expects to post an unexpectedly large second-quarter loss of nearly $3 billion.Shares of the nation's fourth-largest investment bank fell about 9 percent amid mounting concerns about its exposure to the mortgage market.
4 minute read
December 31, 2007 |

Newsmakers

New positions, honors, elections, awards and appointments on the Texas legal scene.
3 minute read
June 05, 2008 |

PEOPLE IN THE NEWS

EventsPolitical analyst Donna Brazile will be the guest speaker for the Pennsylvania Association for Justice retreat's concluding luncheon.
3 minute read
Greenberg Traurig to Shell Out $61 Million to Exit Ponzi Class Action
Publication Date: 2012-06-21
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Greenberg Traurig and Quarles & Brady have agreed to fork over a combined $87.5 million to resolve claims that they failed to put the brakes on a $900 million Ponzi scheme carried out by two mortgage-industry clients.

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