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In a highly unusual ruling, Manhattan federal district judge Lewis Kaplan ordered former Lehman CEO Richard Fuld and four other former top Lehman officials to hand over detailed information about their finances. Kaplan is concerned about the fact that a $90 million settlement with shareholders would be covered by D&O policies, and would not require the defendants to pay anything out of their own pockets.
Pinsent Masons Insurance Chief Joins Sidley Austin in London
Sidley Austin has boosted its U.K. insurance capability with the hire of two partners in London. Martin Membery and Matthew Griffith both join the U.S. firm from Pinsent Masons. Membery was the head of Pinsent's insurance practice, specializing in non-contentious insurance and reinsurance projects, while Griffith was made partner in 2004. The hires significantly boost Sidley's U.K. partner headcount, with the pair becoming the firm's second and third insurance partners in London.After a day and a half of jury deliberations in federal court in Manhattan, the SEC finally got the victory it was hoping for in its case against former Goldman Sachs trader Fabrice Tourre.
Barry Ostrager, Simpson's litigation head, told us he's having a great time in his debut as a plaintiffs class action lawyer. And why not? He's winning.
From Akin Gump to Kramer Levin
Letters A through K in the firm-by-firm summary of the responses to The American Lawyer's 2003 Associate Survey.The Securities and Exchange Commission and Fabrice Tourre finally came face to face in a Manhattan federal courtroom on Wednesday afternoon in the most high-profile trial stemming from the financial crisis.
How a Global 100 Firm Became a Profit Powerhouse
Organizationally speaking, Slaughter and May is a dinosaur, with lockstep compensation and consolidated foreign offices. But had the Tyrannosaurus rex thrived like Slaughter, it might have lasted a few more million years. According to the Am Law Global 100 survey, Slaughter is one of the 10 most profitable firms in the world, topping its U.K. competitors and trailing only the highest-earning Wall Street players. Two reasons for its success: a focus on high-end mergers and a network of independent firms.State AI Legislation Is on the Move in 2024
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