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American International Group was forced through a menacing gauntlet over the last few weeks in its $10.5 billion mortgage-backed securities case against Countrywide and Bank of America. But according to AIG and its lawyers at Quinn Emanuel, the company emerged late Wednesday with barely a scratch.
How to Address a Demand for a 'Voluntary' Waiver
In recent times, there is perhaps no other factor that has applied greater pressure on the attorney-client privilege than the federal government's insistence on waiver as an indication of cooperation. For a corporate target, the immediate and practical implications of a waiver are serious, including the inability to assert the privilege in potential downstream or parallel litigation. This review of recent applicable law can help a corporation facing a waiver demand determine the best course to take.The Bankruptcy Files: Hotels, Restaurants, Real Estate, and Timeshares
Jury Awards $15 Million in Accident Case, Clears Lawyerless Chrysler
A Georgia jury held an alleged drunk driver responsible for $15 million in damages to a girl injured in a car accident, but the plaintiff likely will get only a fraction of the award because the driver has few resources and the designer of the seat, which broke during the wreck, was cleared by the jury. Complicating matters was the bankruptcy-mandated dismissal of what was then DaimlerChrysler from the case. The verdict form contained a line allocating blame to Chrysler, but no one represented the automaker at trial.Convicted IP Lawyer May Be Reinstated
Malcolm Wittenberg may soon be returning to the practice of law. Last week the California Supreme Court rejected the State Bar's petition to have the former Crosby, Heafey, Roach & May partner disbarred. Wittenberg, an intellectual property attorney, was convicted of insider trading in 2001, and the State Bar Court suspended him for three years. State Bar prosecutors had argued that Wittenberg deserved harsher punishment.Firms Seek Balance Between Business And Remembrance
Though a year has passed, the wounds terrorists inflicted on our nation in one unforgettable morning are still fresh. The anniversary of the Sept. 11 attacks has left firm managers with a difficult decision: how to acknowledge the day and provide support for attorneys and staff while trying to carry on with business as usual.No En Banc Review of 9th Circuit Ruling in HIV Disclosure Case
Eight judges sounded the alarm Thursday about a 9th Circuit sovereign immunity case they say could open the floodgates for claims against the government. The judges issued a dissent after failing to secure enough votes to force en banc review of a ruling that a pilot could sue the government for sharing his HIV status among several federal agencies. "The effect of today's order is to open wide the United States Treasury to a whole new class of claims without warrant," Judge Diarmuid O'Scannlain wrote in the dissent.Merger Talks: Some Sizzle, Some Fizzle
While one local firm has seen merger discussions fizzle out before they got very far, another looks like it might be getting closer to sealing the deal, according to some in the legal community.Corporate Transparency Act Resource Kit
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Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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