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We've been pretty down on the prospects for Alien Tort Statute cases lately, but in a pair of recent rulings, there's a ray of hope for plaintiffs.
After watching a live feed from opening arguments at the trial in Conroe, Texas, we have two predictions. First: It's going to be tough to walk jurors through the complex financial history of Huntsman's busted $6.5 billion merger with Hexion Specialty Chemicals. And second: With Huntsman lawyers making a naked appeal to populist anger, it's going to be especially tough for Credit Suisse and Deutsche Bank.
To mark the tenth-anniversary of the Arbitration Scorecard, the Litigation Daily will be spotlighting some of the biggest treaty disputes featured in The American Lawyer's survey of international arbitration. Today, we reveal the biggest dispute under contract arbitration and the biggest under treaty arbitration.
Pfizer's Top Lawyer Is Out to Change All the Rules
Pfizer general counsel Amy Schulman's goals are simple and familiar: lower fees, more collaboration, better value for both the customer and vendor. By the end of 2010, Schulman wants three-fourths of her legal spending to be done within the Pfizer Legal Alliance, in which each firm is paid one annual flat fee for all of the work that it does for the entire year. If Schulman is successful, Pfizer will become one of the largest companies to have more than half of its legal work done under alternative fees.The Justice Department suit alleges billions of dollars of exposure for each of the defendants.
Tort Reform Hits the Voting Booth
Voters rarely get a chance to weigh in on tort reform, but in Texas they're being asked to consider changing the state constitution to allow caps on civil suit damages. The rest of the country is watching the campaign leading up to Saturday's election, though some say the measure may not provide a national model. Former state Justice Deborah G. Hankinson says the proposition "radically alters" the constitution and eliminates judicial review.Taking Pride in Being International
The CEO and GC of Pride International Inc. talk about running one of the world�s largest drilling contractors, a company with more than 12,000 employees operating offshore and on land in more than 30 countries (and marine provinces) to provide drilling, maintenance, workover, and engineering services for oil and gas companies.State AI Legislation Is on the Move in 2024
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